Mark Carney is making it clear he has no political ambitions, telling a British parliamentary committee that his decision to take the top job at the Bank of England is proof of that.
The statement before his unofficial confirmation hearing in London was perhaps the most categorical disavowal of any political interest for now, or when he is expected to return to Canada in five years.
"I'm surprised it has been suggested that taking one of the most challenging jobs in central banking in another country would be politically advantageous in my home country," he told the Treasury Select committee Thursday morning.
"If I had political ambitions, I would have pursued them in Canada and so I think this is revealed preference. I do not have political ambitions."
In what appeared a shocking decision last fall, Carney was hand-picked by the U.K. chancellor George Osborne to take charge of the storied, 319-year-old institution on July 1, the first foreigner to ever do so.
But unlike in Canada, Carney at first needs to pass through the gauntlet of the U.K. Treasury Select Committee. Although the committee does not have veto powers over Carney's selection, it could still make it difficult for the government to proceed with the unconventional choice.
Read more Business News
- Election foul: Signs removedMunicipal Elections 2014 - 4:36 pm
- KGH ready for EbolaKelowna - 1:27 pm
- Racism in SummerlandPenticton / S. Okanagan - 11:30 am
- Cops cleared of excessive forceBC - 2:57 pm
|QHR Technologies Inc||1.17||+0.05|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.17||+0.18|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...