So how did Osborne get his man?

Mark Carney, Governor of the Bank of Canada, in September Photo: Todd Korol / Reuters

While the Government was heralding the fact they were advertising externally for the job of the Bank of England Governor for the first time, behind the scenes a rather different process was going on to lure Mark Carney, the Canadian Governor of the Bank of England to these shores.

George Osborne first mentioned the job to him back last February. This was easy enough to do, given the two men are often on the same circuit of international get-togethers.

After several conversations and considerations, Carney told Osborne in July that it was a "no" and he wasn't interested, and in interviews he went on the record saying it was both "no and never" to the job.

Disappointed, Osborne went back to Nick Macpherson, the Permanent Secretary at the Treasury who was overseeing the process, and said that he would like to make "one more try", and with Macpherson's permission, conversations resumed.

While outwardly the official application process was going on, Carney was reconsidering the prospect. Osborne made clear to him that he was his "top choice".

But as a serving central bank governor, the Treasury decided if Carney was tempted, he would not have to make an application in the same way as other candidates, for fear of it leaking and causing instability.

So, just eight days ago under special arrangements, Carney flew into London, made his application and was interviewed all in the same day.

George Osborne is clearly delighted to have got his man.

Yet having boasted about introducing a proper, standardised, and transparent application process, the way that Carney was persuaded to take the job was anything but.

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