http://www.bbc.co.uk/news/business-38421769

Interesting that such an expert and establishment figure is going against the tide here.

Can we dump Carney and have him back please.

We need some one who wants to work for Britain not for Goldman.

Agreed.

Greed. Even though I don't understand anything.

Just one of the many highly respected financiers who are predicting the ultimate demise of the EU. We had a lucky escape and I expect even the likes of France and Germany are forming secret contingency plans to leave.

X
King sits on a big, fat pension and Lordship after having promoted the very policies he is now criticizing. Hypocrisy oozes out of him.

With age comes experience and knowledge.

Maybe that's why the over 45s backed Brexit!

Jacob Rees-Mogg ?.

King who didn't prepare UK for financial crisis. Nah I'll listen to Carney who saw Canada through relatively unscathed. If his antenna weren't able to see the looming financial crisis a decade ago they won't have improved in retirement. Another pensioner supporting Brexit!!!

Pound would hit parity with dollar within hours if this loon was appointed.

Does nobody remember a few years ago when the £ was at parity with the Euro ? (2009?)

Now that would boost exports...

King was one of the 4 people responsible for the 2008 financial crash

Along with Alan Greenspan, Gordon Brown and Bill Clinton

https://www.theguardian.com/business...reat-recession

Wrong.
Any policies he resided over were under EU regulations and rules which he had to abide by.
That is no longer the case Britain has to prepare for the future outside the EU .
like King I think there a great opportunity for Britain in manufacturing and job creation .
Why import goods if we can make those goods here.
We have some of the greatest brains in the world in design engineering IT and production many how left to work abroad because we were not doing the things we were good at.
Yes things may get tough but we are British and have been there before.
We are leaving the EU lets all make the best of it and stop the whining.

The same guy who did such a bad job at getting the UK through the 2008 economy crisis? I might as well ask Bush and Blair how best to deal with terrorism.

I think there may be something in that. I wonder what fraction of the older electorate voted in favour of the Common Market back in 1975? A majority I wouldn't wonder! But the intervening years appear to have made us more savvy.

I've been appalled at the extraordinary ignorance amongst the young who voted to remain. They seem not to know much of history of the EU or how it functions. They appear to understand little about democracy, and to care about it even less.

I completely agree with you. What I fear though is the pessimism being promoted by the political and wider establishment which seeks to undermine and if at all possible reverse Brexit.

Yes, indeed. I heard the whole interview this morning and thought his remarks were very considered and that it was a very carefully thought out analysis.

Interesting that he suggested we should not only leave the singe market but also consider leaving the customs union because this offers the opportunity to be completely unfettered in what we chose to do in terms of subsidies and trade deals. I think he has a point.

That is wrong. Governance and regulation of the UK financial sector was entirely in the hands of him and Gordon Brown.

There was a widespread international agreement to reduce banking and other controls in 1996, under the Conservative government, with the purpose of creating a globalist market.

He came to my University once, and was waffling on (as he does now) about how the euro was bad because the euro zone was too disparate

I asked him why he thought a single currency was good for the UK then, given the differences between North Wales and London, say, and he waffled something about 'the UK being the optimal size for such a thing' ( I do not recall the exact words).

I then asked him about the United States and the US dollar, or Brazil and the real, or India and the rupeeh, and he started getting visibly annoyed

I am sure Lord King will be fine no matter what happens, dear Brexiters. Not so sure about anyone else though.

ps: he is widely held as the worst Governor the bank ever had

Is that why Carney managed to steer Canada through unscathed? Finance Minister of Canada on programme covering crisis said Gordon Brown (King in attendance) warned at G20 2 or 3 years previous that London regulation was not sufficient. Re-writing history only works for those with failing memory issues!!

The reason is that the UK is a single regulatory area, which inevitably is where the EU must go too. That's not to say that a single currency suits everywhere in the UK either. We have always seen migration of people and wealth towards the south east. It's just that we don't see as the same problem, but actually it is. The U.K. Government accepts that we need to transfer wealth to the less well off regions and inevitably the EU will have to do the same.

[quote=Andrew1954;84971025]I think there may be something in that. I wonder what fraction of the older electorate voted in favour of the Common Market back in 1975? A majority I wouldn't wonder! But the intervening years appear to have made us more savvy.

I've been appalled at the extraordinary ignorance amongst the young who voted to remain. They seem not to know much of history of the EU or how it functions. They appear to understand little about democracy, and to care about it even less.[/QUOTE]

I would say exactly the same sbout those who voted for Brexit, with the addition that they were also taken in by a mess of lies, bigotry and spin.

But Britain has had enough of experts.