Simões will replace Nigel Wilson in the role on 1 January 2024
Return detriment ‘convenient excuse’ to not invest in impact
UK inflation fell to 10.1% in the year to January, below economists’ expectations
Electronic voting system will allow UK and EU shareholders to vote virtually
Consumer Prices Index rose by 2% in October 2022
Autumn Budget will now take place on 17 November
He replaces Kwasi Kwarteng who was sacked after 38 days
The 0.5 percentage point increase was smaller than predicted by commentators
Goldman Sachs says the nation is set to dip into recession by the end of the year