Starmer names former Bank deputy governor as his chief economic adviser

Appointment of Minouche Shafik announced after series of economic missteps by Downing Street

Business live – latest updates

The former Bank of England deputy governor Minouche Shafik is set to join Keir Starmer’s team as chief economic adviser.

In a boost to the prime minister’s office in the run-up to the autumn budget, Lady Shafik is expected to take on the role after a year heading a Foreign Office review of the government’s foreign aid spending.