Nicky Morgan comments on the extension to Mark Carney’s term as Governor of the Bank of England

The Chancellor also confirmed that Sir Jon Cunliffe has been re-appointed as Deputy Governor, Financial Stability at the Bank of England.

Commenting on the correspondence, Mrs Morgan said:

“This announcement provides much-needed stability and clarity during this important period. The Government should now use the extra seven months to continue its succession planning. It should identify a candidate in good time for the Treasury Committee to scrutinise the appointment.”

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Notes to Editors

• The Chancellor’s letter to Mrs Morgan is attached.