Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain's departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday.
Hammond also said that Carney would provide "vital stability" for Britain's economy during the Brexit transition.
Labour MP Virendra Sharma, a champion of the anti-Brexit campaign group Better for Britain, said Carney's willingness to stay through the turbulence "shows the problems that the government are having on Brexit".
Trump Denies Revised Death Toll in Puerto Rico...Cue the Outrage
She said at the time that back-to-back hurricanes a year ago prompted "the largest domestic disaster response mission in history". A team of researchers at Harvard University announced in May that they believed Hurricane Maria's death toll was 4,600.
The chancellor also asked deputy governor Jon Cunliffe to extend his tenure by another 4-years, which Cunliffe accepted, saying, "I look forward to continuing to work with Mark and all Bank colleagues to deliver our important mission over the coming years".
Carney was previously set to leave his role in June 2019 but has been persuaded to stay on by Chancellor Philip Hammond.
According to the Financial Times, May gave her approval to the idea which would likely see Carney remain in the role until the second half of 2020.
Sharks acquire Erik Karlsson from Senators in blockbuster trade
Nine years ago on September 12, 2009, the Senators dealt winger Dany Heatley to the Sharks on the first day of camp. Lee, who was also GM of the Senators' AHL affiliate, resigned from both jobs with the organization last month.
Though Carney's six-month extension is shorter than expected - most were predicting he would carry on for another full year - the decision reduces one uncertainty surrounding Brexit. However, it is understood they now have a good relationship.
Carney has already extended his term once at the Bank in a move to ensure continuity through the Brexit negotiations.
He initially said he'd serve just five years of what is usually an eight-year term, but following the Brexit referendum agreed to remain in place an additional year to the end of June 2019.
Jurgen Klopp hits back at Gary Neville over Champions League comments
The two sides meet in Saturday's early kick-off in what many people are tipping to be Liverpool's first serious test of the season.
"As BoE governor, Carney has not always been universally popular, but appointing him as temporary caretaker through this period of transition does make sense".