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September 2, 2022updated 07 Oct 2022 7:14am

News diary 5-11 September: New Prime Minister named, US Open finals and BBC Last Night of the Proms

By Foresight News

A look ahead at the key events leading the news agenda next week, from the team at Foresight News.

In a break with tradition, the newly anointed Tory leader and their soon-to-be predecessor both head to Balmoral on Tuesday (September 6) for separate audiences with The Queen. Boris Johnson is expected to make a farewell address at Downing Street before heading to Aberdeenshire to tender his resignation as prime minister, with Truss or Sunak then being invited to form a new government. Once installed, the new prime minister is likely to return to Westminster to address the nation on the steps of Number 10, before pressing on with key Cabinet and senior official appointments.

Bailey and senior colleagues including chief economist Huw Pill will face questions on those rate rises and the prospect of further hikes this year, along with the Bank’s most recent forecasts and the potential impact on budgets of continuing increases to energy prices. The governor may also take the opportunity to defend the Bank’s independence in the wake of potential Truss’s recent suggestions that she would seek to hold a review into the central bank’s mandate.

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