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New Model Advisor ArticleBank of England governor Mark Carney has entered a heated exchange with a senior figure in the Leave campaign over accusations he has broken rules about the Bank’s independence in the run-up to an election or referendum. Last month the Bank warned the UK could suffer a recession if it voted to leave the EU at next week’s referendum.

At the time, Carney highlighted how changes to the exchange rate and demand ‘could affect the appropriate setting of monetary policy’.

Now Carney has exchanged fiery letters with Bernard JenkinMP, a director of the Vote Leave campaign, over the Bank’s position in the run up to the vote, according to a report by the BBC.

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[Source: New Model Adviser - by Jack Gilbert - June 16, 2016]


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