Calls for Bank governor to resign over Brexit comment

Jacob Rees Mogg, a Tory MP and Treasury Select Committee member, said the Bank of England had a duty to remain independent of politics and demanded that Carney resign.

Politicians have slammed Bank of England Governor Mark Carney and called for his resignation after he warned a British vote to leave the EU could spark a recession in the UK.

Jacob Rees Mogg, a Tory MP and Treasury Select Committee member, said the Bank of England had a duty to remain independent of politics and demanded that Carney resign.

He said: "Mark Carney has intervened speculatively in a political matter.

"It's the responsibility of the Monetary Policy Committee to be independent.

"He's decided to make a deeply political choice in a referendum which is the concern of the British people, and therefore, he should be fired."

Former Work and Pensions secretary Iain Duncan Smith also warned Carney to be "very careful" about making such comments.

The spat followed the publication yesterday of the latest minutes from the Bank's Monetary Policy Committee which said that a leave vote may cause both growth and sterling to fall and unemployment to rise.

The UK is due to vote on whether to leave or remain in the EU on 23 June 2016.