How does Mark Carney feel about his ‘Project Fear’ warnings in the run-up to the referendum? His mild-mannered nemesis Jacob Rees-Mogg probably wouldn’t have been prepared for the Bank of England Governor’s choice of words to describe his mood. Carney was ‘serene’ about how he handled himself before Brexit, he told the Treasury Select Committee this afternoon. But Carney didn’t stop there: he also did his best to bait Rees-Mogg, who has clashed with Carney several times before at these hearings, suggesting the session was being wasted ‘going through counterfactuals’. He then went on to slap down any suggestion from the Tory MP that his warnings had been ‘dire’. Yet where Carney is likely to have really riled his critics at this afternoon’s meeting was in suggesting he should be thanked, rather than criticised for his Brexit conduct.
The Bank’s Governor was adamant that his warnings in May, when he upped the stakes by indicating Brexit would be followed
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