What can we read into Mark Carney's support of Everton?
What does the revelation that the future Governor of the Bank of England supports Everton augur for the British economy?
Hints of radical change as new governor faces MPs
It's not every day we get a new governor of the Bank of England so there was great interest in what the man who is due take over has to say.
Questions asked over new Bank of England Governor
There is a small flurry of interest building over the political connections of the next Governor of the Bank of England, Mark Carney.
Live updates
Governor supports new Bank of England remit
The outgoing Bank of England Governor Sir Mervyn King and his successor Mark Carney support the new remit for the Monetary Policy Committee outlined by the Chancellor.
Sir Mervyn wrote to George Osborne saying, "It is, in my view, a sensible change to previous remits and contains useful improvements to the framework".
Governor support for new remit http://t.co/yC7OcCQI40
From @bankofengland on Twitter:New Bank of England Governor, same attitude?
by Laura Kuenssberg - Business EditorFor any bankers hoping the new Governor of the Bank ofEngland will take a friendlier approach to their industry, they might have to think again.
Mark Carney, speaking in Canada tonight, has warned that far from the banks moving towards the end of a painful period, "the time for remorse is far from over".
He acknowledges that there has been some progress and many banks have cleaned up their act.
But says banks must "participate actively in reform..not fight it".
If any in the City were expecting this former Goldman Sachs banker to be sympathetic to their plight, they may well be disappointed.
Advertisement
What can we read into Mark Carney's support of Everton?
What does the revelation that the future Governor of the Bank of England supports Everton augur for the British economy?
Read the full storyIncoming chief Carney hints at new course for BofE
MPs got their first chance today to ask the next Governor of the Bank of England about his priorities when he starts in July.
Canadian Mark Carney said alongside hitting the inflation target, he may take into account growth and unemployment.
ITV News' Economics Editor Richard Edgar examines the impact of his answers.
Interest rates held despite triple-dip recession threat
Despite the threat of triple-dip recession the Bank of England held off from further emergency support today.
Interest rates are being held at their record low of 0.5%. The Bank's quantitative easing programme - or the level of money it pumps into the economy - is being maintined at £375 billion.
Mark Carney 'wants to be boring'
by Richard Edgar - Economics EditorMark Carney is coming under some pressure for his UK pay - which is almost 3 times higher than in Canada. He says it is consistent with similar executive deals.
Mark Carney wants to be boring. In written evidence: "I would like [my] exit in 2018 to be less newsworthy than my entrance." When asked about his management style Carney says "I've done everything I can to build consensus", avoiding a comparison with Mervyn King, the current governor, directly.
Advertisement
Hints of radical change as new governor faces MPs
It's not every day we get a new governor of the Bank of England so there was great interest in what the man who is due take over has to say.
Read the full storyBank of England set to hold interest rates
The Bank of England's Monetary Policy Committee is expected to hold their course and keep interest rates at 0.5% today.
Economists predict the Bank will continue to keep its money printing quantitative easing programme on hold, as it looks to its Funding for Lending Scheme and a recent fall in the price of sterling to boost the economy.
The Bank will meet after gross domestic product figures showed the economy slipped back into the red in the final three months of last year, with fears last month's snowstorms will have hit output at the start of this year.
Next BoE Governor Mark Carney to appear before MPs
The new Bank of England Governor, Mark Carney, will appear before the House of Commons Treasury Committee today.
The current Governor of the Bank of Canada is likely to face questions from MPs on his experience, the process by which he was appointed and his thoughts on monetary policy and financial stability in the UK.
Read also:
The Canadian taking over at the Bank of England, analysis from Economics Editor Richard Edgar
New Bank of England Governor to get £250k housing allowance
Mark Carney, the incoming Governor of the Bank of England, will get a £250,000 accommodation allowance when he takes up the post in July of next year.
Mr Carney is relocating from Canada, where he is currently governor of the country's central bank.
The accommodation allowance, which will be subject to tax and social security contributions, is on top of his £480,000 salary, well above the £305,000 pay level of the current governor, Sir Mervyn King.
The Bank said the higher salary was to compensate for his not being able to join the closed pension scheme.
It said the cost of enrolling him in the scheme would have been more than 100% of his salary. Instead he is receiving a 30% cash allowance in lieu of pension.
Today's top stories
