Keir Starmer taps Minouche Shafik as chief economic adviser amid economic turmoil
- Minouche Shafik has been appointed as chief economic adviser to Prime Minister Keir Starmer.
- Shafik previously served as president of Columbia University before her resignation amid criticism.
- This appointment is part of a strategy to address economic challenges and stabilize government policy in the UK.
In the United Kingdom, British Prime Minister Keir Starmer appointed Minouche Shafik as his chief economic adviser, aiming to stabilize the country's fragile economy. Shafik, a prominent economist with a background at the Bank of England, IMF, and World Bank, returned to Britain after a brief and controversial term as president of Columbia University. Her tenure in the United States ended in August 2024 after criticism over her handling of protests related to the Israel-Hamas war, which brought significant challenges and scrutiny. Since then, she has been involved in various advisory roles and institutions, indicating her active engagement in policy reform in the UK. Starmer's decision comes in light of his government's struggle to boost economic growth and manage inflation, amid rigorous debates over immigration policy. As the Labour Party grapples with political pressures, this appointment is part of a broader staff reshuffle which also includes changes in the communications team and the appointment of a new chief secretary to the prime minister. Shafik's expertise is seen as a key asset to address the government's pressing economic issues. The backdrop to this appointment is significant; Starmer's government, sworn in July 2024, faced mounting challenges in managing unauthorized migration while ensuring the accommodation of asylum seekers, a critical issue that has led to heightened political tensions. As the Labour Party seeks to confront concerns about economic stability and migration, Shafik's advisory role will likely be pivotal in shaping economic policies aimed at recovery and growth. Shafik's experience will provide valuable insights, especially as the UK navigates through these turbulent times characterized by political protests and economic uncertainty. Her prior roles in financial institutions and academic settings place her in a unique position to influence and guide policy directions in the coming months. The appointment is not only a significant personal milestone for Shafik but also a critical moment for the Labour Party's strategy as they attempt to solidify their economic plans ahead of future challenges.