Can Mark Carney believe his luck? Overnight, it would appear, and simultaneous with his assumption of the Governor's chair at the Bank of England, the UK economy has turned around.
It seems only a couple of months ago media commentators were speculating about the possibility of a triple-dip recession. Now, even the second dip has been revised away by those careless statisticians in the Office for National Statistics. What is more, as we travel towards the end of the year, inflation will fall back, and stronger economic growth will show through in better numbers for government finances. Clearly, Carney should be brought to the attention of the Vatican. Meanwhile, spare a thought for the out-going Governor; Baron King of Lothbury. He appears to have packed his bri...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
