Prime Minister Carney? Canada deserves better than this progressive twerp
Spare a thought for beleaguered Canadians who have had to endure a decade of Justin Trudeau, only to discover Mark Carney is now running to replace him.
It was bad enough that the Canadian Prime Minister, who announced resignation earlier this month, presided over the gradual destruction of Canada’s economy, immigration system and international standing. But now Canadians are facing the prospect of someone even more smug and incompetent (if that’s possible) taking his place.
As the self-satisfied former governor of the Bank of England from 2013 to 2020, Remainiac Carney tried to carve out a reputation as the only grown-up in the room. Listen to his supporters and you’d be forgiven for thinking he was banking’s answer to the Messiah.
In fact, he wasn’t the second coming but a very naughty boy. Contrary to what George Osborne et al might have you believe, in reality Carney helped to screw the British economy by bungling our monetary policy, maintaining ultra-low interest rates and huge amounts of quantitative easing.
Since then, he has been a spokesman for central banks to focus on climate change, even though their core role is price stability.
At one point on Carney’s watch we had the highest inflation in the G7. He was also completely lacking in any neutrality when it came to Brexit: instead of encouraging us to embrace Britain’s newfound freedoms, Carney was one of the chief architects of Project Fear, which denigrated the status of the City of London and badly damaged consumer confidence.
In more recent times, Carney has been one of the most vocal supporters of Rachel Reeves, praising the Chancellor as a “serious economist”. Admittedly this was before she was forced to revise her CV to clarify she only spent six years and not a decade at the Bank of England, and that she was in “retail banking” at the Royal Bank of Scotland, having previously claimed she was an “economist” there.
In a video message to Labour’s annual conference in 2023, Carney gushed: “Crucially, she understands the economics of work, of place and family.” Really? That’s not what the markets, nor many businesses, seem to think.
Carney’s rival for the position, Canadian Conservative Pierre Poilievre, must think his Christmases have come all at once.