UK Government ‘Undercutting’ Key Economic Institutions: Former Central Bank Governor

Mark Carney, former governor of both the Bank of Canada and Bank of England, and U.N. special envoy for climate action and finance, attends the opening of Finance Day at the COP26 U.N. climate summit in Glasgow, Scotland, on Nov. 3, 2021. Daniel Leal/AFP via Getty Images

The UK government has been working at “cross-purposes” with the central bank and “undercutting” the country’s key economic institutions, a former governor of the Bank of England has warned.

Sir Mark Carney, who served as governor of the Bank of England from 2013 to 2020, criticised the government’s mini-budget, which has led to turmoil in the financial markets.