Home U.K. Goodbye Project Fear! Doom and gloom Mark Carney leaves £5.5m UK home...

Goodbye Project Fear! Doom and gloom Mark Carney leaves £5.5m UK home to return to Canada

Mr Carney, who holds Canadian, British and Irish citizenship, had been renting the property for £3,500 a week. Wife Diana had previously raised the subject of expensive London homes on Twitter – but the couple and their five daughters subsequently moved into a five-bedroom property in West Hampstead, before relocating to an eight-bedroom house in South Hampstead five years ago.

Mr Carney was lured from his job at the Bank of Canada in 2013 for an annual salary of £624,000, along with a housing allowance of £250,000 a year.

Mark Pollack, co-founder of Aston Chase, which is dealing with the sale and rental of the house, told the Times: “South Hampstead doesn’t have the same profile as Hampstead itself, or the profile of St John’s Wood, which is probably why it appealed to him, he was a low-profile character.

“It is an area suitable for people who don’t want to be too visible about their wealth.”

Mark Carney has been accused of stoking concerns over the impact of Brexit (Image: GETTY•GOOGLEstreetview)

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The four-storey property has an 81 foot rear garden, an open-plan kitchen and a two-storey principal bedroom.

At the time of their arrival in the UK, three years before the 2016 referendum, and with George Osborne the Chancellor of the Exchequer, the Carneys won praise for opting to live in Hampstead as opposed to fashionable Chelsea, with Mr Carney opting to travel via tube rather than having a chaffeur.

Brexit changed the complexion of his job significantly, with the 54-yea-old issuing frequent warnings about the perceived risk to the UK economy before and after the vote.

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As recently as last August, with then-Prime Minister Theresa May desperately trying to persuade MPs to back her Withdrawal Agreement, he said shoppers and motorists will face higher prices, suggesting a “substantial number” of firms could struggle.

He told BBC Radio 4’s Today programme: “The economics of no-deal are that the rules of the game for trade – exporting to Europe or importing from Europe – fundamentally change.

“There are some very big industries in this country where that which is highly profitable becomes not profitable, becomes uneconomic and very difficult decisions will need to be taken.

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“That has knock-on effects on the economy in the short term.

“It may take a while to get to the sunlit uplands.”

Former Tory leader Iain Duncan Smith MP said: “Mark Carney is one of the architects of Project Fear who forecast an enormous crash if we voted to leave, which hasn’t happened.

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“What he says should be taken with a massive pinch of salt as most past predictions have proved incorrect.”

Fellow Tory MP Andrew Bridgen added: “Mark Carney has been a consistent advocate of Project Fear and if you say it is going to rain every day, then one day it will rain.

“But what Remainers fail to understand is that when Britain joined the European Economic Community in 1973, food prices went up by 10 per cent because of the extra tariffs.

“You don’t ever hear them saying that we crashed into the EEC.”

Andrew Bailey succeeded him at the Bank of England on March 16.

Since stepping down Mr Carney has taken a role as UN special envoy for climate action and finance, for which he is paid a token salary of $ 1.

He also has an unpaid role as finance adviser to the UK Government as it gears up to host the UN climate change conference in Glasgow next year.

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