Andy Haldane’s era as the Bank of England’s chief economist has officially come to an end, as Threadneedle Street appointed his replacement. Huw Pill will fill Haldane’s large shoes, reporting into the deputy governor for monetary policy Ben Broadbent — and bringing two Goldman Sachs alumni back together in senior positions in the central bank. Here’s what Pill has to live up to in the role.

The UK Infrastructure Bank — the new government-run lender looking to bolster investment in the area — has appointed its first chief executive. Ex-HSBC boss John Flint will take over the helm at the bank in what Chancellor Rishi Sunak said was “an important milestone” for the bank, which launched three months ago with some £12bn in capital.