What the papers say: The ‘posturing governor’ stays put

Mark Carney’s decision to stay on as Bank of England Governor until 2019 has been widely welcomed. But not everyone is happy about the news. The Daily Mail accuses Carney of being a ‘posturing governor’ and says the staging of his announcement yesterday was in line with much of his conduct: ‘designed to generate maximum publicity’. The paper says that while some were concerned at the possibility of uncertainty in the markets if he’d walked away, would it be any worse than ‘his relentless doom-mongering’? The Mail suggests Carney will be forever tainted by his conduct during the referendum, which it says was at its worst when he joined in with George Osborne’s ‘Project Fear’ and opted to wade into a Brexit debate which he should have stayed well out of. It also attacks him for trying to take credit for Britain’s economic resilience. Finally, the paper says, it would be better if he took a leaf out of his predecessor Mervyn King’s book: ‘In short: say less, stop politicising your office and for goodness sake start talking Britain up!’.