Bank of England Governor Mark Carney could QUIT next week after fear-mongering predictions over Brexit were proven wrong

BANK boss Mark Carney is rumoured to quit his job as the Bank of England Governor within days, after his ‘Project Fear’ Brexit predictions were repeatedly disproved.

The controversial Canadian could choose to return to his homeland next year due to ‘family reasons’ and has said publicly that he will decide before the end of the year whether to take up a three year extension to his term at the central bank.

Carney admitted last month that Britain’s economy has bounced back from a Brexit wobble despite forecasting an ‘apocalyptic’ financial scenario.

The top banker predicted that the UK’s economy would only grow by 0.1 per cent between July and September this year. However he later stated that the growth rate for the third quarter is more like 0.3 per cent.



The pound fell one per cent to reach $1.2083 ahead of an appearance by the Bank of England governor before a House of Lords committee on Brexit.

However it then recovered to above $1.22 after he directly addressed the pound’s recent weakness.

The Bank cut interest rates from 0.5 per cent to a new low of 0.25 per cent last month – a move which was heavily criticised for hitting savers and pension funds.

Carney claimed the strategy helped to recover from the shock of the Brexit vote, but a raft of recent figures suggest the economy is holding up well in the referendum aftermath and the top banker has been labelled a “doom-monger” by critics.

“Senior City figures who know the governor said they believed it was more likely than not that he would choose to return to Canada in 2018, adding that his family’s feelings were a concern,” The Times newspaper reported.




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