Anthony Hilton: Don't Bank on Osborne as he hunts headlines
Saturday 01 December 2012
I have nothing against Mark Carney, the Canadian appointed this week to be the next Governor of the Bank of England, having never met him, but I am alarmed at the hype surrounding his appointment. Almost every newspaper and news bulletin has reported how he refused to apply for the job and it was only thanks to the persistence and persuasive talents of George Osborne that the Bank finally got its man.
But how do we know this? Carney has said nothing so all the reports about the Chancellor's powers of persuasion and determination, coupled with the hype about Carney being without question the best man for the job, can only come from one source - the Chancellor himself or his spin doctors. But why does Osborne feel the need for such publicity?
I'm old-fashioned enough to expect Chancellors to come with a bit of gravitas and to acquire more as they grow into the role. So I find it a bit unsettling that Osborne should demonstrate a desire to distract attention from his performance in the day job by seeking credit for his success as a head-hunter. It was not what I thought we were paying him for.
Worse, it is even more unseemly to peddle the line that Carney's appointment was a victory for the Treasury mandarins who want the Bank shaken up, at the expense of Bank insiders who favoured one of their own. Treasury and Bank are both meant to be on the same side, working for us who pay their salaries, not engaging in playground turf wars.
Next Wednesday sees the autumn statement to Parliament, when Osborne has to tell us how the economy is doing. The fact that the Chancellor has been so desperate to court favourable headlines this week makes me suspect he thinks he is unlikely to emerge with credit on this next occasion.
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israelis to hide facts
- 3 Danish TV reporter is all business up top, all party down below
- 4 Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
- 5 Businessman charged £75 for three small bottles of water in London hotel
Danish TV reporter is all business up top, all party down below
Israel-Gaza conflict: President Obama presses Netanyahu to call ‘immediate and unconditional’ Gaza ceasefire
Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
MH17 crash: Black boxes show plane suffered 'massive explosive decompression' following shrapnel hit
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...