Simon English: Carney’s on a high and on a hiding to nothing
Thursday 28 March 2013
Outlook If it were possible to buy and sell stock in Mark Carney I'd be shorter than Warwick Davis.
The future governor of the Bank of England has a reputation so sky-high that it can travel in one direction only.
Untarnished by a single day's work at Threadneedle Street, the Canadian, who arrives this summer to replace Sir Mervyn King, is like the next manager of the England football team. The one who is finally going to crack it.
George Osborne seems to think Mr Carney can rescue the economy (he's pretty much given up on this himself) which rather overstates what it is possible for central bankers to do.
They can warn of coming disaster, though Sir Mervyn would say they should expect to be ignored. And they can irritate everyone when they calm an over-exuberant economy by, so the old line goes, taking away the punch bowl just when the party is getting going.
Beyond that, well, miracles are difficult. It isn't Mr Carney's fault that he is bound to disappoint. Or that his personal share price has rocketed past sense on the way to the moon. Sell.
- 1 BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
- 2 Number of young homeless people in Britain is 'more than three times the official figures'
- 3 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
- 4 The biggest first date turnoff has been revealed
- 5 German man found living with 300 rats in tiny apartment
BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
Number of young homeless people in Britain is 'more than three times the official figures'
Budget 2015: George Osborne to axe subsidies for higher income earners in social housing
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...