UK economy
Budget Responsibility Committee
A three-member Budget Responsibility Committee are leading the work of the OBR on an interim basis. They are supported by a small secretariat of economists and public finance experts redeployed from within HM Treasury.
Sir Alan Budd
Sir Alan is chairing the OBR on an interim basis. He held various academic roles before he became a senior economic adviser in 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. Between 1991 and 1997, he was Chief Economic Adviser to the Treasury, and headed the Government Economic Service. He served as a founding member of the Monetary Policy Committee of the Bank of England. 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; a member of the editorial advisory board of the Oxford Review of Economic Policy; and an adviser to the Observatory Group. He is also a senior adviser to Credit Suisse and Brevan Howard Asset Management. Ongoing appointments have been suspended for the duration of his chairmanship of the OBR.
Geoffrey Dicks
Geoffrey has held various roles in the public and private sectors, working as an economist in the Department of Employment, teaching at University College School and in various roles as a researcher and associate professor at the Centre for Economic Forecasting at London Business School. From 1993 to 2009, he was Chief UK Economist for NatWest Market/RBS Global Banking and Markets. Since then, he has been Chief Economist at Novus Capital. He has appeared before Parliamentary Select Committees to provide expert evidence on the economy and written widely in the media on economics. He is on sabbatical from Novus Capital for the duration of his membership of the OBR.
Graham Parker
Graham worked in a variety of civil service roles from 1972, including seven years working on manpower planning, five years advising on economic statistics, 13 years providing analysis, forecasts and policy costings for the Inland Revenue and nine years as head of the Public Sector Finances team in the Treasury, forecasting the whole of public sector expenditure, receipts and advising on the fiscal position. He was awarded a CBE in 2008 for his service to the Treasury and his work on the public finances. Following his retirement in January 2009, Graham was appointed to the IMF Fiscal Affairs Division’s panel of technical experts in July 2009.
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