The Treasury and the Bank of England are in discussions about Mark Carney staying on as governor beyond his present departure date of June 2019.
I understand the Treasury is concerned that trying to find a new governor now, amid Brexit talks, would be difficult.
It wants to be able to give any new candidate a clear view of what the relationship with the EU will be like.
Theresa May’s spokesman said Mr Carney had said he intended to step down next year and that was still the plan.
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