Surprise as Carney named Bank of England governor

Mark Carney has seen off fierce competition to land the job of Bank of England governor, replacing outgoing chief Sir Mervyn King next summer.

The appointment comes as a shock as the majority of commentators expected Bank deputy governor Paul Tucker to take the top job. Carney (pictured), 47, is currently the eighth governor of the Bank of Canada and the chairman of the Financial Stability Board, an institution of the G20. He will become the first foreign head of the Bank of England. He had appeared to rule himself out of the running recently in a series of interviews, telling the BBC he "was looking forward to working with the new Bank of England governor" before adding "no" when asked directly if he was going to take the j...