9/17/2019, 10:39 PM (Source: TeleTrader)
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Carney may be asked to extend BoE term if Brexit delayed - report

Governor of the Bank of England Mark Carney could be asked to extend his term if the United Kingdom asks, and gets, another Brexit delay, the Financial Times reported on Tuesday, citing people with knowledge of the matter. Should Brexit be delayed beyond October 31, then the Treasury might ask Carney to extend his tenure beyond January 31.

According to people briefed on the matter, ministers seem highly likely to miss the deadline of announcing the next governor of the UK's central bank. The current shortlist includes Santander UK chair Shriti Vadera and head of the London School of Economics Minouche Shafik, among others.

A law passed by British MPs earlier this month, makes another Brexit delay very likely, as it prevents Prime Minister Boris Johnson from getting the country out of the EU without a deal.

Breaking the News / GG