Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect