In a major move signalling his commitment to economic stability, Prime Minister Sir Keir Starmer has appointed one of the UK's most respected financial figures to a key advisory role.
Sir Jon Cunliffe, who served as Deputy Governor of the Bank of England for a decade, is taking up the position of the Prime Minister's chief economic adviser. The announcement, made from Downing Street, positions a seasoned expert with deep EU experience at the heart of government policymaking.
A Career Built on Financial Expertise
Sir Jon's credentials are impeccable. His tenure at the Bank of England from 2013 to 2023 saw him steer the UK's financial system through periods of immense turbulence, including the aftermath of the Brexit vote and the COVID-19 pandemic. Prior to that, he was the UK's permanent representative to the European Union, giving him unrivalled insight into the complexities of international trade and negotiation.
This appointment is widely seen as a deliberate effort by the Starmer government to prioritise experience and calm authority in its economic decision-making. It sends a clear message to global markets that stability is the new administration's watchword.
Steering the UK's Economic Future
The role of chief economic adviser is a pivotal one, situated within the Cabinet Office. Sir Jon will be tasked with providing strategic counsel directly to the Prime Minister on a wide range of issues, from navigating global economic headwinds and fostering sustainable growth to managing the nation's finances.
His extensive background in central banking and international diplomacy is expected to be invaluable as the government seeks to build new trade relationships and strengthen existing ones in a challenging geopolitical climate.
Chancellor Rachel Reeves welcomed the appointment, stating it underscored the government's serious, professional approach to the economy. The move has been met with approval from many business leaders and economists, who view Sir Jon's hiring as a reassuring step for the UK's financial future.
