If Mark Carney does not deliver `the goods’ – and that will be defined with the benefit of hindsight – Osborne will be blamed for overlooking a galaxy of well-qualified locals. It may well be difficult for Osborne to survive any failure by his `choice’.
Despite any reservations, everyone will offer the new Governor of the Bank of England every possible success in his new role. It is an extraordinarily challenging moment - in so many ways - to take charge. Success will reverberate way beyond the shores of Great Britain but he will need to draw deeply on his breadth of experience to achieve this across the full range of the Governor’s new mandate.
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