Home World Business ‘Dear Mark Carney… capitalism stinks’: Bank complaint letters revealed

‘Dear Mark Carney… capitalism stinks’: Bank complaint letters revealed

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Mark CarneyImage copyright Getty Images

Bank of England governor Mark Carney has had a few run-ins with MPs over the years – but nothing compared to the mauling he gets from the public.

In complaint letters released to the BBC, Mr Carney is accused of “vile” Brexit distortions and is told that “capitalism stinks”.

One writer blames the bank for soaring house prices, meaning his grandchildren will need to “buy tents”.

The letters, from the past year, were released under Freedom of Information.

He comes in for particular criticism, including expletive-laden calls to quit, over the bank’s role in policing other banks’ behaviour, interest rate policy and pensions.

Mark Carney, who’s Canadian, joined the Bank of England in July 2013, after serving as governor of the Bank of Canada.

He had previously had a thirteen-year career at investment bank Goldman Sachs, and plans to step down from the governorship in June 2019.

Here are a selection of the complaints:

  • “Will you address these issues instead of kicking them down the road all the time? If only HM The Queen and her family knew of her subject’s misery. Neither Mrs May nor Mr Hammond can be bothered to directly reply nor do anything about what I have raised.”
  • “My grandchildren are going to have to buy tents … because all the housing stock will have been bought up by greedy buy-to-let landlords. I am angry. Yours in utter contempt, a better economist than you will ever be.”
  • “Brexit is a good thing, people will start having a feel-good factor and start doing well. You spreading negativity trying to make a self-fulfilling prophecy is vile.”
  • “My agricultural projects greatly require you to make the following deposit of £1m ASAP. Once again, please stop delaying. Your sincerely, UK Permanent King, incorporating the universe.”
  • “My gold-plated £8k work pension will be worth 8p as inflation continues to rise and rocket. I can envisage the “Yes Minister snigger snigger” expectation of getting away with it…. I’ve decided capitalism stinks”

A spokesperson for the Bank of England declined to comment.

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