The timing could hardly have been better. Other Labour leaders and shadow chancellors have had to make do with endorsements from the drummer in a 90s Britpop band, or a runner up for the Booker Prize. Rachel Reeves, however, rounded off her speech to the Labour party conference today with no one other than the former Governor of the Bank of England Mark Carney singing her praises.
But hold on. Isn’t Carney starting to abuse his position – and possibly the Bank’s independence as well?
By taking sides so openly Carney is turning the Bank into a political body
At least we know who Carney would be voting for if he happened to still be in the country. ‘Rachel Reeves is a serious economist,’ he told delegates at the conference in a video message. ‘She understands the economics of work, of place and family. And, look, it is beyond time we put her energy and ideas into action.
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