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Politics : Canadian Political Free-for-All

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To: Alastair McIntosh who wrote (34194)	3/13/2025 6:08:45 PM
From: russet	1 Recommendation of 37916

Brits warn that Canada's new prime minister has 'reverse Midas touch' Mark Carney's reputation as Bank of England governor is more checkered than he may be letting on Author of the article: Tristin Hopper With Mark Carney only days away from his swearing in as Canada’s 24th prime minister, British sources are warning that Canada has signed up for a leader with a checkered history at his last public sector job Carney was governor of the Bank of England between 2013 and 2020 — a period during which the U.K. experienced a notable decline in growth, living standards and productivity. “While there are many explanations for that, the ‘rock star Governor’ clearly did nothing to improve the performance of the British economy,” reads a Monday critique of Carney published in The Telegraph. The column referred to Carney as a man with a “reverse Midas touch.” Another article in the same paper referred to Carney as the “high priest of Project Fear” — a reference to Carney’s prominent role in the 2016 anti-Brexit campaign. However, it added that Carney seemed to have “charmed Canadians,” and “is now the figure most trusted by his countrymen to stand up to (U.S President Donald) Trump.” The “Project Fear” moniker was first coined in 2018 by the pro-Brexit Conservative politician Jacob Rees-Mogg. In interviews at the time, Rees-Mogg would also call Carney a “second-tier Canadian politician” who “got a job in the U.K.” after “having failed” at Canadian politics. Carney was one of the most vocal critics of the push for the U.K. to leave the European Union, publicly warning that in a worse-case scenario, a departure from the trading bloc would impose a “real economic shock” on the British economy.

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