Leading

44. Mark Carney: Bank of England, Trussonomics, and Brexit

Nov 6, 2023

Mark Carney, former Governor of the Bank of England, discusses financial markets' role in fighting climate change, the true economic theory behind austerity, and the challenges he faced during his tenure. They also touch on investment bankers, the aftermath of the 2008 financial crisis, and Mark Carney's potential career in politics.

01:03:53

Episode guests

Mark Carney

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The role of a central bank includes maintaining confidence in money, safeguarding the financial system, and aligning financial markets with societal objectives.

The 2008 financial crisis led to a decline in investment and affected the productivity of the UK economy, highlighting the importance of a strong financial system.

Austerity measures after the financial crisis were necessary but could have been more balanced in their distribution of cuts and reduction in public spending.

Deep dives

Mark Carney's background and early life

Mark Carney, a former investment banker and governor of the Bank of England, discusses his childhood and upbringing in Canada. He shares that his parents were teachers and held idealistic views on public service. Growing up in a small town in the Northwest Territories of Canada, Carney eventually moved to Edmonton and attended school there. He also highlights the unique climate of his hometown, with cold winters and long summer days.

Bank of England's Response to Brexit: Prepared for Financial Crisis

01:23

Mark Carney: From Investment Banker to Head of Bank of England

00:59

Quantitative Easing and the Role of Banks

01:14

Introduction

2min

Mark Carney's Childhood and Comparisons with Michael Ignatiev

2min

Background, Politics, and Career Summary

1min

The Role of Investment Bankers and Society's Equatation of Value with Money

19min

The aftermath of the 2008 financial crisis and its impact on the banking system

3min

Mark Carney's Journey and Challenges as Governor of the Bank of England

19min

Mark Carney's Ambitions and Climate Change Policies

9min

Mark Carney's Career in Politics

5min

Can financial markets help fight climate change? What's the true economic theory behind austerity? What does the Bank of England actually do?

Tune in to today's episode of Leading, where Mark Carney joins Rory and Alastair to answer all these questions and more.

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Instagram:

@restispolitics

Twitter:

@RestIsPolitics

Email:

restispolitics@gmail.com

Producers: Dom Johnson + Nicole Maslen

Exec Producers: Tony Pastor + Jack Davenport

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Leading

44. Mark Carney: Bank of England, Trussonomics, and Brexit

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Mark Carney's background and early life

The role and responsibilities of a central bank governor

The 2008 financial crisis and its impact on the UK

The importance of the financial system during the 2008 crisis

Assessing the impact of austerity and Brexit

Bank of England's Response to Brexit: Prepared for Financial Crisis

Mark Carney: From Investment Banker to Head of Bank of England

Quantitative Easing and the Role of Banks

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
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Discover
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Leading

44. Mark Carney: Bank of England, Trussonomics, and Brexit

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Mark Carney's background and early life

The role and responsibilities of a central bank governor

The 2008 financial crisis and its impact on the UK

The importance of the financial system during the 2008 crisis

Assessing the impact of austerity and Brexit

Bank of England's Response to Brexit: Prepared for Financial Crisis

Mark Carney: From Investment Banker to Head of Bank of England

Quantitative Easing and the Role of Banks

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