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Alan Budd
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Alan Budd
Sir Alan Peter Budd (16 November 1937 – 13 January 2023) was a British economist, who was a founding member of the Bank of England's Monetary Policy Committee (MPC) in 1997.
Budd left the MPC in May 1999, and between August 1999 and 2008 was Provost of The Queen's College, Oxford.
Budd was temporarily head of Her Majesty's Government's Office for Budget Responsibility during 2010.
Budd went to Oundle School, a public school in Northamptonshire, and then studied at the London School of Economics where he received a B.Sc. degree in economics. He subsequently went to the University of Oxford where he received an MA degree and a D.Phil. degree and to the University of Cambridge where he obtained a Ph.D. degree.
His academic posts 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).
After various academic roles, he became senior economic advisor to HM Treasury between 1970 and 1974. Alan Budd was featured in Adam Curtis's 1992 documentary Pandora's Box, in which he was being interviewed about his time as economic advisor to the treasury.
From 1979 to 1981 he was Special Adviser at the Treasury in Margaret Thatcher's government. Reflecting on his position during this time, Budd expressed concerns that the policies that were implemented to allegedly reduce inflation might, in fact, have had a hidden agenda. In a documentary interview, Budd postulated that Thatcher's actual goal might have been to deliberately raise unemployment in order to reduce the strength of the working classes and re-create a reserve army of labour to allow capitalists to make high profits.
During the 1980s he was a 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).
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Alan Budd
Sir Alan Peter Budd (16 November 1937 – 13 January 2023) was a British economist, who was a founding member of the Bank of England's Monetary Policy Committee (MPC) in 1997.
Budd left the MPC in May 1999, and between August 1999 and 2008 was Provost of The Queen's College, Oxford.
Budd was temporarily head of Her Majesty's Government's Office for Budget Responsibility during 2010.
Budd went to Oundle School, a public school in Northamptonshire, and then studied at the London School of Economics where he received a B.Sc. degree in economics. He subsequently went to the University of Oxford where he received an MA degree and a D.Phil. degree and to the University of Cambridge where he obtained a Ph.D. degree.
His academic posts 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).
After various academic roles, he became senior economic advisor to HM Treasury between 1970 and 1974. Alan Budd was featured in Adam Curtis's 1992 documentary Pandora's Box, in which he was being interviewed about his time as economic advisor to the treasury.
From 1979 to 1981 he was Special Adviser at the Treasury in Margaret Thatcher's government. Reflecting on his position during this time, Budd expressed concerns that the policies that were implemented to allegedly reduce inflation might, in fact, have had a hidden agenda. In a documentary interview, Budd postulated that Thatcher's actual goal might have been to deliberately raise unemployment in order to reduce the strength of the working classes and re-create a reserve army of labour to allow capitalists to make high profits.
During the 1980s he was a 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).
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