UK appoints first girl as chief economist to finance ministry

LONDON (Reuters) – Britain’s finance ministry appointed a lady for the primary time as its subsequent chief economist at a time when lawmakers wish to improve the variety of ladies appointed to senior financial coverage roles.

Clare Lombardelli is presently accountable for serving to finance minister Philip Hammond draw up his annual finances. She joined the finance ministry in 2005 after starting her profession on the Bank of England, the finance ministry stated.

She beforehand served as an financial advisor to David Cameron when he was prime minister and was then-finance minister George Osborne’s principal non-public secretary.

Before that, she was seconded to the International Monetary Fund the place she was a part of a group based mostly within the Greek finance ministry to watch bailout phrases throughout 2010 and 2011.

Lombardelli’s new position will make her chargeable for advising Hammond on financial points associated to Brexit, and he or she may even be the finance ministry’s non-voting consultant at BoE financial coverage conferences.

Lombardelli can be seemingly to assist Hammond choose a successor to BoE Governor Mark Carney, who steps down subsequent yr.

Hammond appointed Lombardelli’s predecessor, Dave Ramsden, to be one of many BoE’s deputy governors in September. She will begin her new job on April three.

After Ramsden’s appointment, the top of the parliament committee which supervises the BoE and Britain’s Treasury stated Hammond had finished too little to encourage range on the BoE, which on the time had solely two ladies amongst its 23 most senior policymakers.

Lombardelli featured on the entrance web page of the Daily Mail newspaper in August 2010 below the headline “That Woman Must Show Some Respect” – a view attributed to the welfare minister on the time, Iain Duncan Smith, who clashed with Osborne and his officers over modifications to social safety advantages.

Reporting by David Milliken; Editing by William Schomberg

Our Standards:The Thomson Reuters Trust Principles.

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