Sir Mervyn: Carney 'is an outstanding choice to succeed me'

The outgoing Bank of England Governor Sir Mervyn King has welcomed the appointment of Mark Carney:

I am delighted to welcome Mark Carney as my successor.

He represents a new generation of leadership for the Bank of England, and is an outstanding choice to succeed me.

Since Mark became Governor of the Bank of Canada, I have worked closely with him and admired his contributions to the world of central banking, in which he is widely respected.