Carney derides UK ex-PM’s economic policy

Former BoE governor says cutting taxation does not automatically lead to growth

Bank of England governor Mark Carney
Mark Carney

Former Bank of England governor Mark Carney accused former UK prime minister Liz Truss of creating an “Argentina on the Channel” in a September 17 speech.

Truss responded the next day, accusing the central bank of having “destabilised markets” with its loose monetary policy.

Speaking at the Global Progress Action Summit in Montreal, Carney condemned conservative parties for resisting public spending and investment. He attacked “the misguided view that slashing leads to growing”, calling this a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.