What is Mark Carney’s salary and when does he step down as Governor of the Bank of England?
BANK of England Governor Mark Carney is stepping down after taking over in 2013.
Who is he and who is taking over? Here's what we know.
Who is Mark Carney?
Mark Joseph Carney was born on March 16, 1965, in Canada.
He studied at Harvard University where he graduated with high honours in Economics before completing his masters and doctoral degrees in the same field at St Peter's College, Oxford.
It would be the start of a long career in the world of finance after landing his first job in Goldman Sachs where he spent 13 years working at its offices in London, Tokyo, New York and Toronto.
He left on a £1million salary and was dubbed a "rock star banker" for his skill in keeping the economy growing in Canada when he was Governor of its national bank during the recession.
How did he become the Bank of England Governor and when is he leaving?
Mr Carney took over as Governor of the Bank of England in July 2013.
He is the first non-Briton to be given the job since the Bank was created in 1694.
It followed a successful stint as Canada's central banker where he was praised for helping his country to avoid some of the worst effects of the 2008 financial crisis.
He agreed to take on the Bank of England post for five years with the option to continue for the full eight-year term, but instead opted to leave in 2019 just as Britain officially leaves the EU.
On December 20, it was announced Andrew Bailey would take over as the new Bank of England Governor.
Mr Bailey, 60, will take over on March 16, 2020, for eight years.
What is Mark Carney's stance on Brexit?
During the EU referendum in 2016 Mr Carney was slammed by some Brexit campaigners for saying that voting to leave the European Union would force the UK into a recession.
Many believed this was a step too far for a Governor with a non-political remit.
He defended his actions, saying: "We have a responsibility to discharge our remit and we have a wider responsibility to the British people, who don't want risks kept from them."
Following the UK's Brexit vote, the Bank slashed interest rates to 0.25 per cent.
When questioned by MPs about how he handled the aftermath of the vote, Mr Carney said the historic low-cut of interest rates helped support house prices and the wider economy.
He took a swipe at Prime Minister Theresa May by saying he refused to “take instruction” from politicians - after she said the rich had got richer while the poor had been squeezed.
How much money did Mr Carney make as Governor?
The latest accounts from the Bank of England shows that Mr Carney earned £879,000 in 2018.
This includes a £480,000 salary, £252,000 in taxable benefits, and £5,000-a-week housing allowance.
In the same time period, the British Prime Minister was paid a salary of £144,000.
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What does the future hold for Mr Carney?
Bank of England Governors traditionally serve eight year terms but Mr Carney originally intended to serve only until January 2019.
That would have left him in the hot seat for just three months after Britain formally leaves the European Union in March, leaving a newcomer to navigate the aftermath of the divorce.
But he then extended his term until January 202o.
It's believed Mr Carney refused to sign an eight-year contract because of his children’s education and that he had his eye on Canadian politics.