On web page 85 of the Autumn Assertion, the Treasury mentioned Hunt will shut the EAC, which was arrange a few 12 months in the past to offer “unbiased recommendation on financial and monetary market points” within the aftermath of the Mini Finances.
“The federal government thanks the council for his or her experience, and can proceed to hunt recommendation from specialists on points into consideration together with long-term financial challenges,” it mentioned within the Autumn Assertion.
The council comprised seven members, together with JP Morgan’s Karen Ward and former Financial institution of England chief economist Andy Haldane.
When the council was arrange final 12 months, Hunt mentioned it was in a bid to prioritise the UK’s financial stability and to underpin “ling-term progress”.
Karen Ward, chief market strategist EMEA at JP Morgan Asset Administration, mentioned: “It was an honour and a privilege to serve on the Council of Financial Advisers.”