Jonathan Reynolds MP, Labour’s Shadow Treasury Minister, responding to reports of Tory politicians calling for the governor of the Bank of England to resign, said:

“Labour deeply regret the irresponsible behaviour of Tory politicians seeking to undermine the position of Mark Carney. 

"They cannot seriously seek to pass responsibility for the underperformance of the economy over the last six years to the Bank of England. 

"The Governor’s actions helped calm the situation in the immediate aftermath of the Brexit vote, when in contrast the Government had no plan at all. 

"As John McDonnell said only last week, the operational independence of the Bank of England must be sacrosanct. This behaviour from Tory politicians is deeply irresponsible and only further highlights why it was Labour that decided to give the Bank of England independence.”