Latest Mark Carney News

UK economy to slow near-term as Brexit preparations halted

May. 2, 2019 9:20 AM EDT

LONDON (AP) — The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank of England said Thursday. In its quarterly forecasts, the central bank said stock-building by companies had...

UK begins search for new Bank of England governor

Apr. 24, 2019 10:27 AM EDT

LONDON (AP) — The British government on Wednesday started the process to appoint the successor to Mark Carney as governor of the Bank of England, and indicated it is willing to look abroad again to get the right person. Carney, a Canadian who in July 2013 became the first foreigner to head the Bank of...

In Brexit delay, UK economy remains prisoner of uncertainty

Apr. 9, 2019 5:17 AM EDT

LONDON (AP) — Brexit may be postponed once again this week, perhaps by as much as a year. The British economy, though, will remain a prisoner of a confidence-sapping uncertainty. While the merits of Brexit have been debated endlessly during Britain's highly divisive political crisis, nobody disputes that...

UK legislates to avert chaotic Brexit as May seeks new plan

Apr. 3, 2019 7:05 PM EDT

LONDON (AP) — Britain's Brexit drama went into overtime Wednesday as Prime Minister Theresa May and the country's main opposition sought a compromise deal to prevent an abrupt British departure from the European Union at the end of next week. In an about-face that left pro-Brexit members of May's...

The Latest: UK lawmakers vote to avert 'no-deal' Brexit

Apr. 3, 2019 6:33 PM EDT

LONDON (AP) — The Latest on Britain's departure from the European Union (all times local): 11:20 p.m. Britain's House of Commons has by the narrowest of margins approved a bill designed to guarantee that the country can't leave the European Union without a withdrawal agreement. The U.K. has just nine days,...