Carney Takes U.K. Burden With Low Rate to Defy Restraints

Chancellor of the Exchequer George Osborne is sticking to his plan to leave the heavy lifting on Britain’s economy to Mark Carney.

Osborne’s pledge to continue tackling the budget deficit means the onus remains on the Bank of England governor and his colleagues to drive economic growth. Tight government purse strings, along with the shackles of a struggling euro area, spurred the Monetary Policy Committee to keep the key interest rate at a record-low 0.5 percent today.