Matthew Lynn Matthew Lynn

Mark Carney is finally right about Brexit

issue 16 February 2019

Cripes. At this rate the CBI will be putting out reports on Brexit’s potential benefits, George Osborne will be reminding us he could always see its upside, and even the FT will be running leaders saying Brexit doesn’t quite mean the end of the world. There have been plenty of twists and turns in our tortured departure from the European Union but few quite so unexpected as the apparent conversion of the Governor of the Bank of England Mark Carney to the cause.

In a speech yesterday, Carney didn’t opt for any of the apocalyptic stuff – no food on the shelves at Tesco, pensioners dying in hospitals because of a shortage of medicines, slight delays at the Tuscany airports – but instead he took a more measured, reasonable approach. The man who was one of the overlords of Project Fear argued that our departure from the EU might well be the beginning of a more balanced, inclusive way of managing the economy.

Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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