Home Business NewsEconomic News Mark Carney confirms when he will step down as governor of the Bank of England

Mark Carney confirms when he will step down as governor of the Bank of England

by LLB Reporter
15th Nov 16 11:24 am

When will he leave?

Mark Carney has confirmed he will step down as the governor of the Bank of England at the end of June 2019.

In front of the Treasury Select Committee today, Carney stated he would step down as governor on 30 June 2019 even if Article 50 is delayed.

Last month Carney confirmed he would stay in the role longer than he expected to help with the changes that Brexit will make.

In a letter the chancellor he wrote: “I would be honoured to extend my time of service as Governor for an additional year to the end of June 2019.

“By taking my term in office beyond the expected period of the Article 50 process, this should help contribute to securing an orderly transition to the UK’s new relationship with Europe.”

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