Is Mark Carney now supporting Brexit?

Analysis: Recent headlines in some parts of the media suggest the governor of the Bank of England has undergone a Damascene conversion. Ben Chapman searches out the truth

‘Brexit can lead to a new form of international cooperation,’ Carney said (PA)

Mark Carney’s apparently rosy comments on Brexit have prompted controversy, with some reading them as a remarkable U-turn by the Bank of England governor, who has previously been held up as a “project fear” doom-monger.

“Brexit can lead to a new form of international cooperation and cross-border commerce built on a better balance of local and supranational authorities,” Carney said in a speech on Tuesday.

It could, he said, be “the first test of a new global order and could prove the acid test of whether a way can be found to broaden the benefits of openness, while enhancing democratic accountability.”