Chancellor Jeremy Hunt has announced this week that he will establish a new Economic Advisory Council comprised of economic experts.
The new Council will act as a consultative forum for government, advising ministers on UK and international financial markets and economies. Sessions will be attended by the chancellor and the chief economic adviser to the Treasury.
Its members will include leading economists who will sit on the Council independently and who will not be provided with any material non-public information or market sensitive details as part of their roles.
Four initial members whose identities have been disclosed by government include BlackRock’s Rupert Harrison; Gertjan Vlieghe from Element Capital; PGIM Wadhwani’s Sushil Wadhwani; and Karen Ward of J.P. Morgan Asset Management.
Hunt commented: “I look forward to working with such an esteemed group of economic experts, whose advice will be invaluable.
“In a period of global economic challenge and volatility, exacerbated by Putin’s illegal invasion of Ukraine, prioritising UK economic stability is vital and will underpin long-term growth.”
The terms of reference for the government’s new Economic Advisory Council can be found here.
