UK's Hammond: Mark Carney doing excellent job at Bank of England

July 14, 2016 09:55


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


 Britain's new finance minister Philip Hammond said Mark Carney was doing an excellent job at the Bank of England and that he would work with him to forge a plan for Britain's economy after the Brexit vote.

Several leading figures in the campaign to take Britain out of the European Union criticized Carney in the run up to last month's vote, objecting to his warnings that the economy could slip into recession if we voted to leave the bloc.
"I think he is doing an excellent job as governor of the Bank of England," Hammond, who campaigned for Britain to stay in the EU and who was named as the finance minister late on Wednesday, told BBC television.

Asked if he would stick to his predecessor's plans to cut corporation tax, he said it was too soon to say.

"I'm not going to set out what my plans will be here on TV this morning," he said.

"I'm going to sit down with the key figures in the UK economy, like the governor of the Bank of England, look at the situation we face, look at the projections forward and make some carefully considered decisions over the summer."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
April 21, 2019
FBI arrests member of armed group stopping migrants at U.S.-Mexico border