Hunt’s out of touch advisory panel of asset managers

EMBARGO: Immediate Release 

Responding to Jeremy Hunt’s new economic advisory panel only including asset managers, Liberal Democrat Treasury spokesperson Sarah Olney MP said: 

"An advisory panel of purely wealthy asset managers in the middle of a cost of living crisis proves just how out of touch this Conservative Government is. 

“Jeremy Hunt is just as bad as Kwasi Kwarteng by shutting himself away from the financial hardship faced by millions of families and pensioners. 

“This Conservative party’s reckless and unfunded tax cuts for the wealthiest companies have sent financial markets into turmoil. It is now innocent families left to pick up the tab with spiralling mortgage bills.

“Instead of stacking the new advisory panel with bankers, it should have been made up of housing and debt charities, who can offer real advice on this mortgage crisis created by Downing Street.”

ENDS

NOTES TO EDITORS

The first members of Jeremy Hunt’s new economic advisory panel are:

• Rupert Harrison, Managing Director at BlackRock

• Gertjan Vlieghe, Chief Economist at Element Capital

• Sushil Wadhwani, Chief Investment Officer at PGIM Wadhwani

• Karen Ward, Chief Market Strategist for EMEA at JP Morgan Asset Management