Alan Budd

Alan Budd

Sir Alan Peter Budd (born 16 November 1937) is a prominent British economist, who was a founding member of the Bank of England's Monetary Policy Committee (MPC) in 1997.

He left the MPC in May 1999, and between August 1999 and 2008 was Provost of The Queen's College, Oxford.


Sir Alan went to Oundle public school, and then studied at the London School of Economics before doing a PhD at the University of Cambridge.

His academic posts have included the University of Southampton, Carnegie-Mellon University, University of Pittsburgh (Ford foundation visiting professor), and the University of New South Wales (Reserve Bank of Australia visiting professor).

Economic positions

After various academic roles, he became senior economic advisor to HM Treasury between 1970 and 1974. During the 1980s he was professor of economics and director of the Centre for Economic Forecasting at the London Business School. Other appointments have included group economic adviser, Barclays Bank (1989–91), and membership of the Advisory Board for Research Councils (1990–91).

Between 1991 and 1997, he was chief economic adviser to the Treasury, and headed the government economic service. Sir Alan was knighted in 1997.

Among his activities as an economist, he is a governor of the "National Institute for Economic and Social Research"; a founder member of the UK-Japan "21st Century Group"; an executive editor of "World Economics" and a member of the editorial advisory board of the "Oxford Review of Economic Policy". He is also a senior adviser to Credit Suisse First Boston and a consultant to the G8 Group.

Public profile

Sir Alan has appeared more in the public eye, however, in fulfilling various government appointments: he was a member of the Independent Review Panel on the Future Funding of the BBC (1999), and chairman of the Gambling Review Body which produced the Gambling Review Report (2001).

He gained an even higher public profile when in 2004 he was asked to investigate the circumstances surrounding the issue of a visa to the nanny of Kimberly Quinn, the lover of David Blunkett, the then Home Secretary; Sir Alan’s report concluded that there was no evidence that Mr Blunkett had personally interfered in the visa application, but that he was "able to establish a chain of events linking Mr Blunkett to the change in the decision on [the] application." Blunkett resigned as home secretary after being told in advance of the report's findings.


* [ BBC News profile]

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