The UK is to have a new Bank of England Governor. In an historic move it will not be a British National. The man appointed by Coalition Chancellor George Osborne is Canadian Mark Carney.
Mr Carney's children have dual British and Canadian nationality and his wife is British. He will now have to apply to become a British Citizen but that will no doubt be a formality. Osborne flew Carney into the UK for an interview and wants him for the job. It must be mission accomplished then.
In the Summer interviewed on UK TV Carney was asked about a possible role at the Bank of England. His reply was a vehement "never". As James Bond said, Never say Never again.
Mr Carney's appointment has been welcomed on both sides of the "House". He is known by politicians from all parties and appears to be highly respected.
The British Banking system is flawed. This has been shown by our economic chaos. Whether Carney can turn that around remains to be seen. He comes with a good track record in Canada. That country though is not the UK. We by comparison are a small country which is over populated with few natural resources.
Will Carney be just another leading light from the same group of people who led us all into economic doom and gloom?
It has been reported that Carney's salary will be in excess of £600,000 a year. He will not receive a pension. Why should he after such a huge salary? He will also be given a much wider range of powers than previous Governors of the B of E.
Carney is described as more "hawkish" than King who will leave the post in June 2013. He is a former Goldman Sachs manager. The markets responded negatively to the announcement of his appointment. With the UK's recent banking shenanigans little wonder.
What British people will be watching out for is a change in direction as far as interest rates go. Under Mervyn King the current governor interest rates have remained at a record low. This has prevented a wide scale loss of homes due to repossessions. It has been bad news for savers and fat cats in the UK. It will have been bad news for the Tories.
Is the UK in for an interest rate hike?
We shall have to wait and see. With our banking system in such a mess can Carney make it any worse? Probably not.
Opinion: One more costly job outsourced by the Tories. Way to go Cameron