Economic Advisory Council

[edit] Introduction

On Monday 17 October 2022, the new Chancellor of the Exchequer Jeremy Hunt announced that he would convene an expert panel of respected economists as part of a new Economic Advisory Council. The announcement came as the Chancellor committed to do “whatever is necessary for economic stability”, a critical part of the government’s mission to "go for growth".

The Council will meet regularly to discuss UK and international economies and financial markets.

[edit] Initial list of Council members

The first Council members announced have decades of economic experience across the private and public sector:

• Rupert Harrison, BlackRock
• Gertjan Vlieghe, Element Capital
• Sushil Wadhwani, PGIM Wadhwani
• Karen Ward, J. P. Morgan Asset Management

Further members will be added in due course. All members will be attending in an independent capacity, and have been chosen for their personal knowledge and expertise. Care will be taken to ensure Council members are not privy to any material non-public information, or market sensitive information.

The Council will also be attended by the Chancellor and the Treasury’s Chief Economic Adviser.

[edit] Comment

The Chancellor of the Exchequer Jeremy Hunt said: "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."

Read the terms of reference for the government’s new Economic Advisory Council.

Article based on the HM Treasury news story "Government to establish expert Economic Advisory Council" published on the Gov UK website on October 17, 2022.

[edit] Related article on Designing Buildings

• CIOB reaction to September 2022 mini budget.
• ECA calls on Government to reform and rebalance energy levies and avoid cost of living crisis.
• Energy price crisis: ECA calls for energy levy reform.
• Response to 2022 September mini budget.
• Spring Statement 2022.