Bank of England
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Please bring back Mark Carney
The Bank of England has lost its way. It doesn't understand inflation, has no idea of how to forecast it effectively, or how to deal with it. It is reactive, not proactive. There doesn't seem to be any thought leadership from the Bank of England. It is so out of touch that it was dismissing inflation as a short term blip when even members of the public could see that it was becoming an embedded economic problem. The current governor, Andrew Bailey, is like a rabbit in the headlights. His rambling announcements on interest rates show a lack of aptitude for his position. His appointment to Governor of the Bank of England was off the back of 4 years at the helm of the Financial Conduct Authority where he presided over the banks policing themselves through various banking scandals, whilst seemingly holding none of them to account. What sort of qualification is that for the Governor of the Bank of England? Please bring back Mark Carney, or appoint somebody of his calibre, who has the intellectual bandwidth and integrity to step up to the challenges of leading this key financial institution