UK Chancellor of the Exchequer Hunt sets up a council of experts to advise him

LONDON, Oct. 17 (Reuters) – Britain’s new Chancellor of the Exchequer, Jeremy Hunt, said on Monday he was setting up an Economic Advisory Board to give him “independent expert advice” as he tries to steer the economy out of a crisis of investor confidence .

Hunt said the board would consist of Rupert Harrison, a top aide to former Treasury Secretary George Osborne, Gertjan Vlieghe and Sushil Wadhwani, who were both members of the Bank of England’s Monetary Policy Committee, and Karen Ward, chief market strategist for EMEA at JP Morgan Asset Management.

UK Chancellor of the Exchequer Jeremy Hunt looks on during an interview outside BBC headquarters in London, UK, Oct. 15, 2022. REUTERS/Henry Nicholls

The job description published online said the council would have no policy or decision-making powers, members would be elected and removed by Hunt, and the council’s membership and objectives would be reviewed after six months.

“The Council will act as an advisory forum for the government to be advised on the UK and international economy and financial markets,” the document said.

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Reporting by Sachin Ravikumar and William James Writing by William Schomberg, editing by William James and Paul Sandle

Our Standards: The Thomson Reuters Trust Principles.

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