Bank ofCanada head Mark Carney will succeed Mervyn King as governor July 1 in a surprise move for the Bank of England, at a time when the U.K. is facing difficult economic times.
Which is why George Osborne was very keen to recruit the governor of the Bank ofCanada, Mark Carney, to succeed Sir Mervyn King in a rather bigger and more complex job, as governor of the Bank of England.