Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.
Dear Mr Carney,
Welcome to London and your job as governor of the Bank of England. What took you so long? You were appointed last November; we have been on tenterhooks ever since. Incidentally, glad to see that you got a proper send-off: the Canadian papers reported that your farewell bashes cost $30,000. Please bring some of that joie de vivre to your new employer. It is the gloomiest institution in the City.