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What can Mark Carney do?

Don't expect too much from the new Governor of the Bank of England

By George Magnus   June 2013

The UK economy is showing some signs of growth, but nothing like pre-crisis levels. The burden of public debt is still too great, andifficult reforms must be made to the structure of the economy. But who do we call?

The government’s answer is Mark Carney, who starts work as the new Governor of the Bank of England at the end of June. Carney, a Canadian, will take office in Britain as an unelected official in one of the most powerful financial and regulatory positions in the British economy. Once installed, he…

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