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9 Economists Give Advice To Mark Carney (in GIF Form)

The Bank of England is getting a new governor, in the form of Mark Carney, the former governor of Canada's central bank. The think-tank IPPR asked nine economists what they thought he should do when he starts the job.

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The initial route is simple: talk.

Central banks have the public’s ear. If they not only argue for the existence of a bubble but carefully document the case with research as well, it will be harder for the public to laugh off the evidence.

5. Tim Allan says: The problem: You arrive with high expectations. Ringing endorsements from across the political spectrum. A track-record of success. And you clearly have an engaging personality.

9. @AnnPettifor says: Britain ranks alongside Japan as the most indebted of the larger economies.


McKinsey estimates UK private debt at an extraordinary 427 per cent of GDP, vastly exceeding gross public debt at 94 per cent of GDP.

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