Category Archives: Mark Carney

No 10 refuses to endorse minister’s ‘bit of cheek’ asylum seeker comment – UK politics live

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No 10 said Chris Philp had not spoken to the PM before accusing asylum seekers of ‘cheek’ for complaining about conditions

The Downing Street lobby briefing is over, and the prime minister’s spokesperson has just shot down reports that the proposed Sizewell C nuclear power plant could be shelved.

This morning the BBC was leading the news with a story saying this was an option. A government official told Simon Jack, the BBC’s business editor: “We are reviewing every major project – including Sizewell C.”

I’ve seen some reporting on that, but it is not accurate to say we are scrapping it. Our position on Sizewell C has not changed. It remains crucial to ending our reliance on fossil fuels, increasing our energy security and meeting our net zero ambitions.

We hope to get a deal over the line as soon as possible. There are negotiations are ongoing. Negotiations have been constructive.

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World may miss carbon targets unless big firms improve – Mark Carney

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Bank of England governor warns City about need for businesses to fully disclose climate impact

Businesses must improve how they disclose their impact on the environment or risk failing to meet climate targets, the Bank of England governor, Mark Carney, warned the City on Thursday.

Without disclosure rules that allow investors to compare how businesses are meeting the climate challenge, the world risks missing targets to be carbon neutral by 2050, Carney said.

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Mark Carney dismisses Boris Johnson’s no-deal Brexit trade claim

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Bank of England governor says UK would be hit automatically by tariffs on exports to EU

The Bank of England governor, Mark Carney, has said that the UK would be hit automatically by tariffs on exports to the EU in a no-deal Brexit, rejecting a claim made by Boris Johnson that this could be avoided.

Tory leadership candidate Johnson said this week that tariffs would not necessarily have to be paid if the UK left the EU without a deal because the UK could rely on article 24 of the general agreement on tariffs and trade (Gatt).

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Mark Carney tells global banks they cannot ignore climate change dangers

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Financial sector warned it risks losses from extreme weather and its stakes in polluting firms

The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France’s central bank have warned, writing in the Guardian.

In an article published in the Guardian on Wednesday aimed at the international financial community, Mark Carney, the Bank’s governor, and François Villeroy de Galhau, the governor of the Banque de France, said financial regulators, banks and insurers around the world had to “raise the bar” to avoid catastrophe.

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Philip Hammond urges business leaders to accept Brexit result

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Speaking in Davos, chancellor says changes such as end to free movement are on the way

Philip Hammond has told business leaders they need to accept the result of Britain’s EU referendum and warned that a failure to implement it would damage the country’s political stability.

The chancellor told increasingly restless business leaders that he was working for a deal that safeguarded the economy, and said he understood their frustration but companies had to accept that changes were coming – such as an end to the free movement of people and business models built on a supply of cheap labour.

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No-deal Brexit would put thousands of UK jobs at risk, CBI to warn

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Exclusive: Carolyn Fairbairn of industry body will urge MPs to put economy before politics

A no-deal Brexit would have profound economic consequences with GDP shrinking by up to 8%, putting thousands of jobs at risk, the Confederation of British Industry is to warn.

The business body is urging MPs to back Theresa May’s deal, describing it as a “solution” businesses can work with as it delivers a transition period and avoids a “hugely damaging cliff edge”.

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