The governor of the Bank of England, who was once dubbed the "high priest of Project Fear," said that not everything about Brexit was bad. Mark Carney has admitted that Brexit could have some benefits, almost four years after the referendum campaign it was in, accused of & # 39; Project Fear & # 39; to have connected. The outgoing bank of …
The governor of the Bank of England, who was once referred to as the "high priest of Project Fear," said that not everything about Brexit is bad
Mark Carney has admitted that Brexit could bring some benefits, almost four years after the referendum campaign accused of accession 'Project afraid'.
The outgoing governor of the Bank of England said Britain's exit from the EU had forced a rethink in its domestic economic policies and relations with the rest of the world, which could be "conceptually positive".
"It is a fundamental reorganization of our relations not only with the European Union, but also with our trade relations with the rest of the world, and it is leading to a reassessment of the country's economic and structural policies," he said in an interview with Reuters.
The current political focus on Infrastructure spending and leveling of the nation is a key example.
"In an environment where everything looks fresh, this is fertile ground to take a step back and make bigger changes than would otherwise have been possible," said Carney, who will step down from the top position next month.
"It's early, but there are several initiatives – the budget will tell – that suggest that some of these opportunities are being used."
He noted the recovery in business and consumer confidence that has taken place since Boris Johnson won the December general election with the promise of completing the Brexit, although Carney added that he still believes the Brexit is the economy hurt.
"It is absolutely clear in the data whether both the survey data and the hard data that they have had an impact have a significant impact on investment and, of course, productivity," he said.