Bank of England governor’s speech falls flat at TUC

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Mark Carney is not known for inspiring speeches but his warning to Scotland on the eve of independence vote that a currency union wasn’t “compatible with sovereignty” should there be a “Yes” vote was not the only noteworthy thing he said.

Posing as a benevolent friend of organised labour, he praised trade unionists at least twice for their approach to the recession and their acceptance of the flexible labour market, prompting strong reaction from delegates and industrial relations experts.

With friends like these, who needs enemies.

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