At the beginning of committee you will be asked to introduce yourself and give more detail on what your role entails and what power you have (you will receive a summary at the start of the day as well).
Yesterday the investment bank, Lehman Sisters, collapsed. The Dow fell 800 points in one day. British bank, Southern Stone, is facing a liquidity crisis after borrowing large sums of money. Customers are queuing round the block to withdraw their savings. The country finds itself in the midst of a recession, unemployment is at its highest since 2009.
Your cabinet has imposed a hard Brexit, where the UK is not a member of the single market, does not accept free movement and is not part of the customs union. This is coming into effect in 3 months, discussions about the trade deal with the EU are still ongoing.
Tensions between Saudi Arabia and Iran are growing. More details can be found here: