Labour ask Carney to not comment on political issues

Labour have called on the Bank of England Governor Mark Carney to avoid commenting on big political issues. This call came after Mark Carney appeared to criticise Labour’s proposals to cap retail banks’ market share when he appeared at the Treasury Select Committee on Wednesday. Labour Shadow Business Secretary Chuka Umunna said Mark Carney’s predecessor, Sir Mervyn King, agreed that it was “not a good thing” for governors to weigh in on political matters.