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

Why investors should be getting revved up about Vietnam

Why investors should be getting revved up about Vietnam

From conflict to confidence

Gabriel Sacks
clock 04 September 2025 • 4 min read
Robeco issues investment advice scam warning as fraudsters pose as employees

Robeco issues investment advice scam warning as fraudsters pose as employees

Name and logo used in fraudulent activities

Jenna Brown
clock 02 September 2025 • 1 min read
Laith Khalaf: Trump makes (some) active funds great again

Laith Khalaf: Trump makes (some) active funds great again

42% of active managers have outperformed a passive alternative so far in 2025

Laith Khalaf
clock 02 September 2025 • 3 min read