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
Signup and gain exclusive members-only insights
- 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.
