Let's recall why George Osborne, Chancellor of the Exchequer, selected Mark Carney to lead the independent Bank of England. Osborne thought Carney was the candidate most likely to achieve four strategic objectives: first, get the UK economy moving; secondly, make peace between the country and the City of London; thirdly, ensure the UK was fully engaged with, and influential in, making post-crisis rules for European and global finance; and fourthly, bring fresh air and young blood into the Bank