Mark Carney will lead Bank of England through Brexit

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The LBC presenter slammed Mark Carney's decision to continue in his post as Governor of the Bank of England until the end of January 2020.

The EU's chief Brexit negotiator, Michel Barnier, has criticized aspects of May's blueprint but said on Monday he believed a Brexit deal was possible "within six or eight weeks", in comments that lifted the pound currency against the euro and dollar. He was seen as a key source of stability in the political power vacuum that followed the Brexit vote, with one former policy maker calling him the "only adult in the room" for his pledge to support the financial system in the immediate aftermath. The Canadian said at the time that he would serve until 2018.

As the March Brexit deadline nears, the U.K.'s future relationship with the bloc remains unclear, with Prime Minister Theresa May's current plan is proving unpopular with lawmakers both at home and overseas.

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Last month he warned that the risk of a "no deal" divorce with the European Union was "uncomfortably high" and "highly undesirable". The extension was also welcomed by Nicky Morgan, the chair of the parliament committee which monitors the BoE and the finance ministry.

Bank of England's Mark Carney will extend his tenure as governor by seven months to ease the BOE's transition as Brexit nears. He had already agreed to extend his term to June 2019.

In his acceptance letter, the Mr Carney wrote: "I recognise that during this critical period, it is important that everyone does everything they can to support a smooth and successful Brexit".

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"A governor who was leaving at the end of June, with his bags already packed, would be in a poor position to represent the United Kingdom in what might be some quite critical - and time critical - negotiations over that period".

Carney, who was due to step down in June next year, will now stay on as governor until January 2020, the Treasury said.

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