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Former Bank of England governor Mark Carney has been named Canadian prime minister after winning the Liberal Party leadership in a landslide victory.

Mr Carney, who also used to head up Canada’s central bank, had emerged as the frontrunner as his country was hit with tariffs imposed by President Trump.

He ended up winning 85.9% of the vote.

During his victory speech, he told the crowd: “Donald Trump, as we know, has put unjustified tariffs on what we build, on what we sell and how we make a living.

“He’s attacking Canadian families, workers and businesses and we cannot let him succeed and we won’t.”

Mr Carney said Canada would keep retaliatory tariffs until “the Americans show us respect”.

Mr Trump’s tariffs against Canada and his talk of making the country America’s 51st state have infuriated Canadians.

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“Think about it. If they succeeded, they would destroy our way of life… America is a melting pot. Canada is a mosaic,” Mr Carney added.

“America is not Canada. Canada will never ever be part of America in any way, shape or form.”

An easy pick for his party – but now he must win over Canada


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Diana Magnay

International correspondent

@DiMagnaySky

Mark Carney had no problem convincing the Liberal Party he was the best man for the job. 85.9% of the vote speaks for itself. Now he must convince the country.

After unparalleled experience as central bank governor, both of Canada and of the UK, albeit at different times, he has the economic wherewithal to fortify the economy against the battering Donald Trump seems intent on dealing it.

He has made it very clear he is ready for the fight to come. “In trade, as in hockey, we will win!” he told his fellow liberals to wild applause. “We’re strongest when we are united,” he told the country on X.

His conservative rivals had what seemed like an unbeatable lead in the polls until just a few short weeks ago, but Trump’s trade tariffs have rallied Canadians behind the flag and their government.

That gives Mr Carney momentum ahead of a general election that will likely come sooner rather than later. Now he must exercise the political genius to capitalise on that.

The 59-year-old will replace Justin Trudeau, who has served as prime minister since 2015.

Mr Trudeau announced he was stepping down in January after facing calls to quit from a chorus of his own MPs.

The 53-year-old’s popularity had declined as food and house prices rose. He will stay in post until Mr Carney is sworn in.

Mr Carney will soon have to decide when to call a general election – a vote must take place on or before 20 October.

In 2013, he became the first non-UK citizen to run the Bank of England since it was founded in 1694.

His appointment came after Canada recovered from the 2008 financial crisis faster than many other countries.

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‘You can’t take our country or our game’

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During leadership debates, Mr Carney argued he was the only person prepared to handle Trump.

“I know how to manage crises,” he said.

“In a situation like this, you need experience in terms of crisis management, you need negotiating skills.”

The surge in Canadian nationalism has bolstered the Liberal Party’s chances in a parliamentary election.

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People living near new pylons could get £250-a-year off their energy bills, minister says

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People living near new pylons could get £250-a-year off their energy bills, minister says

Residents who live near newly installed pylons will be compensated with £250-a-year off their energy bills, a minister has said.

Housing and planning minister Alex Norris told Sky’s Wilfred Frost on Breakfast that communities “need to share the benefits” of the government’s tilt towards clean energy.

“If you’re making that sacrifice of having some of the infrastructure in your community, you should get some of the money back,” he said.

“So we’re making that commitment – £250-a-year if you are near those pylons.

“We think that’s a fair balance between people who are making that commitment to the country… they should be rewarded for that.”

Politics latest: UK advising Ukraine on handling peace talks with the US

File photo dated 28/12/17 of a view of the Little Cheyne Court Wind Farm amongst existing electricity pylons on the Romney Marsh in Kent. Officials have unveiled plans to connect new wind and solar farms to the power grid faster, which they hope will end years of gridlock for some projects. Issue date: Friday February 14, 2025.

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People living near power infrastructure could get hundreds of pounds off their bills a year as part of an overhaul of planning rules. File pic: PA

Ministers are currently pushing through an overhaul of the planning system – long seen as a brake on housebuilding and vital infrastructure projects – to stimulate growth in the economy.

Overnight it was announced parts of the planning system could be stripped away as part of the government’s attempts to speed up house building.

In its election-winning manifesto, Labour promised to build 1.5 million new homes over the next five years to tackle the lack of affordable housing, with recent statistics showing that there are 123,000 households in temporary accommodation – including nearly 160,000 children.

Sir Keir Starmer has repeatedly vowed to put “builders not blockers first”, announcing at the beginning of the year “unarguable cases” that are legally challenged will only be able to be brought back to the courts once – rather than the current three times.

Councils have also been told to come up with “immediate, mandatory” housing targets to help the government achieve its target.

Under the reforms announced last night, consulting bodies such as Sport England, the Theatres Trust and the Garden History Society will no longer be required for those looking to build under the new plans being considered by ministers.

While consultees will not be completely removed from the process, it will no longer be mandatory for builders to receive the opinion of such bodies and their scope will be “narrowed to focus on heritage, safety and environmental protection”, according to the government.

It is hoped the slimming down of the process will reduce waiting times for projects.

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Mr Norris said the interjections of official bodies in planning decisions was causing a “bottleneck” in granting applications.

“I think viewers might be surprised to hear that there are two dozen-plus organisations that have to be consulted on planning applications – that’s providing a bit of a bottleneck, often not getting back in time,” he said.

He said that while members of Sport England were “fine people”, there was a case where the body held up the development in Bradford next to a cricket pitch.

“The hold up is around a disagreement on the speed at which cricket balls are hit,” he explained.

“So Sport England are querying the modelling of the speed at which the balls will be hit, and that, as a result, has meant that the whole process is now multiple years down the line, and there’s no build out.”

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Donald Trump dodges US recession question as trade war implications dominate markets

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Donald Trump dodges US recession question as trade war implications dominate markets

Donald Trump has not ruled out a recession in the United States this year, saying the world’s largest economy is in “transition” through his trade war.

Financial markets have been spooked by the implications of his early trade fights involving the country’s nearest partners Canada and Mexico through on-off tariffs of up to 25%.

China has also been targeted and the European Union could be next, from 2 April, when Mr Trump has promised to ramp up his “America first” ambitions.

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The recession question first cropped up a week ago when a closely-watched economic indicator suggested the US economy was shrinking at its fastest pace since the COVID pandemic.

The Atlanta Federal Reserve’s GDPNow model showed activity shrinking in the current first quarter, even before the president took office as the threat of tariffs loomed large.

Other indicators show signs for concern, with the US unemployment rate ticking up in February to 4.1%, according to official data on Friday.

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The stock market sell-off of last week left the broad S&P 500 trading at near six-month lows.

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‘Trump slump’ hits stock markets

The dollar has suffered too, with sterling and the euro gaining four cents since the end of February.

They are hardly the headlines Mr Trump wants.

He was asked directly in a Fox News interview on Sunday whether he was expecting a recession.

Crucially, he did not deny the possibility in his reply when he said: “I hate to predict things like that. There is a period of transition because what we’re doing is very big, we’re bringing wealth back to America. That’s a big thing. And there are always periods of – it takes a little time. It takes a little time.”

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Why are tariffs such a big deal?

“It will be great for us,” he said of the tariff regime’s domestic impact, which, he claims, will force more companies to hire more workers in the United States.

Both Canada and Mexico have been given two temporary reprieves, with companies operating cross-border complaining of chaos in terms of red tape and a lack of clarity on future tariffs.

Asked by Fox if he could give businesses some reassurance, Mr Trump added: “Well, I think so. But, you know, the tariffs could go up as time goes by and they may go up. And you know, I don’t know if it’s predictability, I think…”.

When told by the interviewer Maria Bartiromo that those remarks were not providing clarity, he responded: “No, I think they say that, you know, it sounds good to say. But for years, the globalists, the big globalists have been ripping off the United States; they’ve been taking money away from the United States. And all we’re doing is getting some of it back. And we’re going to treat our country fairly.”

The markets will study carefully the key US economic data ahead for signs of a protracted slowdown.

News that China returned to deflation in February helped keep sentiment on the back foot in Monday’s market moves as it showed underlying demand in its economy remained weak.

Most major equity markets in Asia and Europe were down, with futures suggesting that America would follow suit amid its own economic worries.

The country does not rely on the common international definition of a recession – two consecutive quarters of negative growth.

In the United States, only an independent committee of economists has the power to declare a recession.

Its deliberations expand beyond pure growth to include other facets such as the state of the employment market.

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People living near new pylons could get £250-a-year off their energy bills, minister says

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People living near new pylons could get £250-a-year off their energy bills, minister says

Residents who live near newly installed pylons will be compensated with £250-a-year off their energy bills, a minister has said.

Housing and planning minister Alex Norris told Sky’s Wilfred Frost on Breakfast that communities “need to share the benefits” of the government’s tilt towards clean energy.

“If you’re making that sacrifice of having some of the infrastructure in your community, you should get some of the money back,” he said.

“So we’re making that commitment – £250-a-year if you are near those pylons.

“We think that’s a fair balance between people who are making that commitment to the country… they should be rewarded for that.”

Politics latest: UK advising Ukraine on handling peace talks with the US

File photo dated 28/12/17 of a view of the Little Cheyne Court Wind Farm amongst existing electricity pylons on the Romney Marsh in Kent. Officials have unveiled plans to connect new wind and solar farms to the power grid faster, which they hope will end years of gridlock for some projects. Issue date: Friday February 14, 2025.

MIME type:
image/jpeg
Width:
3000
Height:
1803
Copyright holder:
Gareth Fuller/PA Wire
Copyright notice:
© 2025 PA Media, All Rights Reserved
Usage terms:
FILE PHOTO
Pic
Image:
People living near power infrastructure could get hundreds of pounds off their bills a year as part of an overhaul of planning rules. File pic: PA

Ministers are currently pushing through an overhaul of the planning system – long seen as a brake on housebuilding and vital infrastructure projects – to stimulate growth in the economy.

Overnight it was announced parts of the planning system could be stripped away as part of the government’s attempts to speed up house building.

In its election-winning manifesto, Labour promised to build 1.5 million new homes over the next five years to tackle the lack of affordable housing, with recent statistics showing that there are 123,000 households in temporary accommodation – including nearly 160,000 children.

Sir Keir Starmer has repeatedly vowed to put “builders not blockers first”, announcing at the beginning of the year “unarguable cases” that are legally challenged will only be able to be brought back to the courts once – rather than the current three times.

Councils have also been told to come up with “immediate, mandatory” housing targets to help the government achieve its target.

Under the reforms announced last night, consulting bodies such as Sport England, the Theatres Trust and the Garden History Society will no longer be required for those looking to build under the new plans being considered by ministers.

While consultees will not be completely removed from the process, it will no longer be mandatory for builders to receive the opinion of such bodies and their scope will be “narrowed to focus on heritage, safety and environmental protection”, according to the government.

It is hoped the slimming down of the process will reduce waiting times for projects.

Read more:
What you need to know about stamp duty changes
Welfare cuts are ‘coming soon’

Mr Norris said the interjections of official bodies in planning decisions was causing a “bottleneck” in granting applications.

“I think viewers might be surprised to hear that there are two dozen-plus organisations that have to be consulted on planning applications – that’s providing a bit of a bottleneck, often not getting back in time,” he said.

He said that while members of Sport England were “fine people”, there was a case where the body held up the development in Bradford next to a cricket pitch.

“The hold up is around a disagreement on the speed at which cricket balls are hit,” he explained.

“So Sport England are querying the modelling of the speed at which the balls will be hit, and that, as a result, has meant that the whole process is now multiple years down the line, and there’s no build out.”

Continue Reading

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