Chancellor endorses Carney but admits savers ostracised by super-low rates must be 'won back'

Chancellor Philip Hammond has given his backing to the Bank of England’s governor Mark Carney, smoothing over comments by the Prime Minister last week about how super-low interest rates had benefited mostly rich people.
He said Carney was doing ‘a good job’ and that he would welcome his decision to stay on until 2021, if he intended to serve a full eight-year term.
His comments come  as last week Theresa May said that, while low interest rates had ‘provided the necessary emergency medicine after the financial crash’, they also had some ‘bad effects’.  
‘People with assets have got richer.... read more

7 October 2016 in Business, Views: 37
Source: Daily Mail

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