A letter to the new Governor of the Bank of England
Dear Mr Carney,
I'm delighted that you're taking over as Governor of the Bank of England. Although some newspapers are describing you as the first foreign governor, very few British people think of Canadians as properly foreign. William III, who founded the bank, was technically foreign but was, on most measures, one of our greatest monarchs.
Canada is the only G7 economy that came through the recent crash with a strong economy. That didn't just happen on its own. It was achieved by Stephen Harper's fiscal policy and by your monetary policy.
I should warn you, though, that you're taking over a far more challenging position than Canada's.....Read more