Jeremy Hunt disbands Economic Advisory Council after a year

Autumn Statement 2023

Chancellor Jeremy Hunt is “standing down” the Economic Advisory Council, just over a year after it was first established.

On page 85 of the Autumn Statement, the Treasury said Hunt will close the EAC, which was set up about a year ago to provide "independent advice on economic and financial market issues" in the aftermath of the Mini Budget. "The government thanks the council for their expertise, and will continue to seek advice from experts on issues under consideration including long-term economic challenges," it said in the Autumn Statement. Draft regulations offer FCA powers to restrict short selling in 'exceptional circumstances' The council comprised seven members, including JP Morgan's Karen Wa...