Liberal (Minority/Majority) Government 2025 - ???

[MilEME09]

is this the same Carney who had the nickname Unreliable Boyfriend while he WAS in England as chief banker?

That nickname was because he stated interest rates wouldn't change until unemployment dropped before a certain level, then it dropped much faster then anyone anticipated. Leading him to rethink the policy, leading to interest rate changes. If anything he was a poor communicator which critics pounced on.

 

[ytz]

Englands mess didn't start until 6 months after Carney left the BoE, post Brexit, which he warned about the dangers of. This is a case where he literally called it, and it happened. The massive spike in inflation was largely then pinned onto Lizz Truss who was forced to resign by her won party, intern she blamed Carney when at the end of the day recommendations he made as Govenor fell of deaf ears.

Dude was honest as a public servant. Government ignored his advice and did it anyway. Then chose to blame the public servant who has zero control over policy.

There are legit things to criticize Carney on. Especially in his time as PM here. But it's a real reach when people push talking points from British Conservatives who ruined their country because of internal party politics, couldn't admit it and are casting around for blame.

 

[Halifax Tar]

Englands mess didn't start until 6 months after Carney left the BoE, post Brexit, which he warned about the dangers of. This is a case where he literally called it, and it happened. The massive spike in inflation was largely then pinned onto Lizz Truss who was forced to resign by her won party, intern she blamed Carney when at the end of the day recommendations he made as Govenor fell of deaf ears.

Just want to confirm 6 months of time admonishes anyone of responsibility for things ?

 

[ytz]

Just want to confirm 6 months of time admonishes anyone of responsibility for things ?

It's not the time. It's the events and level of control he had that determine culpability. How exactly is a BoE Governor whose advice was refused, responsible for consequences of the government not following that advice?

 

[MilEME09]

Just want to confirm 6 months of time admonishes anyone of responsibility for things ?

After 6 months can you point to a set of events that are his fault and 100% not his successor?

 

[Halifax Tar]

After 6 months can you point to a set of events that are his fault and 100% not his successor?

It's not the time. It's the events and level of control he had that determine culpability. How exactly is a BoE Governor whose advice was refused, responsible for consequences of the government not following that advice?

I think denying a recent former Gov of the Bank of England has no hand in their current financial situation is just blatant bias.

 

[Altair]

I think denying a recent former Gov of the Bank of England has no hand in their current financial situation is just blatant bias.

Brexit did the heavy lifting there.

Brexit that Carney was fully against.

The UK ignored his advice and suffered the predictable consequences. Blaming Carney for that is asinine.

 

[MilEME09]

I think denying a recent former Gov of the Bank of England has no hand in their current financial situation is just blatant bias.

If you advised your CEO not to do something, they do it anyway, are you to blame for the consequences?

 

[Czech_pivo]

I think denying a recent former Gov of the Bank of England has no hand in their current financial situation is just blatant bias.

Is 6yrs out from being the G of the B of E still considered ‘recent?’

If a person got divorced 6yrs ago, can they stay say, ‘recently divorced?’

How about if a person lost their spouse 6yrs ago, are they newly widowed?

 

[Halifax Tar]

Brexit did the heavy lifting there.

Brexit that Carney was fully against.

The UK ignored his advice and suffered the predictable consequences. Blaming Carney for that is asinine.

I understand criticism of Carney causes an immediate emotional reaction for some. But your not comprehending what I have written.

I said he has a hand in it.

 

[Halifax Tar]

Is 6yrs out from being the G of the B of E still considered ‘recent?’

If a person got divorced 6yrs ago, can they stay say, ‘recently divorced?’

How about if a person lost their spouse 6yrs ago, are they newly widowed?

You tell me. People still try to throw shade on Harper around these parts. He hasn't been in power in 11 years.

Biases are a hell of a drug.

 

[MilEME09]

You tell me. People still try to throw shade on Harper around these parts. He hasn't been in power in 11 years.

Biases are a hell of a drug.

Carney was out march 2020. In the fall of that year covid got worse but brexit talks were stalled and went no where for some time. Until the BoE spiked interest rates to 5.25%, then combined with other factors inflation spiked.

 

[Czech_pivo]

You tell me. People still try to throw shade on Harper around these parts. He hasn't been in power in 11 years.

Biases are a hell of a drug.

Sooner or later a person needs to let go - it’s just not healthy to keep rehashing things over and over and over.

 

[YZT580]

Brexit did the heavy lifting there.

Brexit that Carney was fully against.

The UK ignored his advice and suffered the predictable consequences. Blaming Carney for that is asinine.

Britain is the mess it is in because it abandoned oil, gas and LNG for the wonderful world of wind and solar and then forgot to ensure they had the backup available. Prices have chased many major industries out of country. All of these were following policies that Carney encouraged. So yes, Carney is at least partially responsible. He was told that Brexit was coming and as a banker, not a ruler, he should have taken the necessary steps to smoothen the changes. There are lots of countries not part of the EU that are doing just fine thank you very much

 

[ytz]

I think denying a recent former Gov of the Bank of England has no hand in their current financial situation is just blatant bias.

If it was any other country, I'd agree with you. But their own government, institutions and media are putting out reports about how bad Brexit has turned out. Also, they had a decade of austerity before Brexit. So if conservatives want to argue that Carney should have opposed austerity let them put that one out.

 

[ytz]

You tell me. People still try to throw shade on Harper around these parts. He hasn't been in power in 11 years.

Biases are a hell of a drug.

And that's equally (or more) moronic.

 

[Czech_pivo]

Britain is the mess it is in because it abandoned oil, gas and LNG for the wonderful world of wind and solar and then forgot to ensure they had the backup available. Prices have chased many major industries out of country. All of these were following policies that Carney encouraged. So yes, Carney is at least partially responsible. He was told that Brexit was coming and as a banker, not a ruler, he should have taken the necessary steps to smoothen the changes. There are lots of countries not part of the EU that are doing just fine thank you very much

Please site a country that exited the EU like the UK and has been able to rebuild its trade network successfully?

 

[ytz]

He was told that Brexit was coming and as a banker, not a ruler, he should have taken the necessary steps to smoothen the changes.

Genuinely curious what exact policies you think he should have implemented as BoE Governor but failed to do.

 

[Altair]

Britain is the mess it is in because it abandoned oil, gas and LNG for the wonderful world of wind and solar and then forgot to ensure they had the backup available. Prices have chased many major industries out of country. All of these were following policies that Carney encouraged. So yes, Carney is at least partially responsible. He was told that Brexit was coming and as a banker, not a ruler, he should have taken the necessary steps to smoothen the changes. There are lots of countries not part of the EU that are doing just fine thank you very much

Brexit was like a car wreck. You can brace but its more about mitigating the the damage than having a successful outcome.

In a Canadian context, its like ripping up CUSMA and telling the bank of Canada to deal with it. There is no path to prosperity, just mitigating the fallout

 

[Altair]

I understand criticism of Carney causes an immediate emotional reaction for some. But your not comprehending what I have written.

I said he has a hand in it.

Managing brexit was managing absolute economic body blow. It effectively ripped up the most successful free trade deal the UK would ever have.

Did the UK have rough years afterwards? Yes. Could carney have done something different? I would love to hear what you think that should have been. But the main drivers of the economic struggles remains brexit, not Carney.