Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Former BoE economist Haldane to head UK govt taskforce on regional inequality

Published 09/19/2021, 05:39 AM
Updated 09/19/2021, 05:41 AM
© Reuters. FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018.  REUTERS/Toby Melville/File Photo

LONDON (Reuters) - Former Bank of England Chief Economist Andy Haldane has been appointed head of a British government taskforce aimed at tackling regional inequality, the government said on Sunday.

Branded "levelling up", tackling economic inequality across the country was one of Prime Minister Boris Johnson's central pledges when he won a 2019 election with his party's largest parliamentary majority since Margaret Thatcher.

Haldane will be a permanent secretary in the Cabinet Office, a department at the centre of government which drives the implementation of policy. He joins on a six-month secondment from the Royal Society of Arts, Manufactures and Commerce.

"Andy is uniquely qualified to lead our efforts to raise living standards, spread opportunity, improve our public services and restore people’s sense of pride in their communities," Johnson said in a statement.

The government said it was renaming the Housing, Communities and Local Government ministry, headed by Michael Gove, as the Department for Levelling Up, Housing and Communities.

Haldane will head the new Levelling up Taskforce, which will report jointly to Johnson and Gove.

© Reuters. FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018.  REUTERS/Toby Melville/File Photo

"Levelling up the UK is one of the signature challenges of our time. It has also been a personal passion throughout my professional career," Haldane said in a statement.

"I look forward to working with colleagues across government, local and national, and with the private and voluntary sectors, to design and deliver an economy that works for every part of the UK."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.