Autumn Budget an 'acid test' for government/BoE relations under Sunak

A look at what next month's Budget may bring for the City

Valeria Martinez
clock • 4 min read

Relationships between Number 10 and the Bank of England (BoE) are expected to be more cordial under Rishi Sunak, Valeria Martinez writes. But the extent of that alignment and the future path for interest rates will be determined by next month's Autumn Budget.

Since former prime minister Liz Truss took office on 5 September and the Mini Budget was revealed two weeks later, the BoE have been at a crossroads, with several City figures describing the situation as an "economic tug-of-war" between the government and the central bank.  While Truss' administration was pursuing a pro-growth agenda fuelled by a £45bn tax cuts package and significant expenditure, the Bank was pushing for the opposite to bring inflation back on target.  Under a Rishi Sunak government, industry experts tell Professional Adviser's sister title Investment Week that they ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read