Carney gets Bank of England top job

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Mark Carney will become the next Bank of England governor when incumbent Mervyn King's term expires on June 30, 2013.

The decision was announced in Parliament by the UK's chancellor George Osborne at 3.30pm today (November 26) and caught many observers by surprise. Osborne branded Carney the "outstanding central banker of his generation", and thanked Mervyn King for his "unquestioned integrity" during his decade as governor.

It was widely expected that Paul Tucker, a deputy governor at the

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