CEPR Research Fellow David Miles nominated for appointment to the UK Office for Budget Responsibility

Wednesday, December 8, 2021

The Chancellor of the Exchequer, Rishi Sunak, has nominated CEPR Research Fellow David Miles for appointment to the Budget Responsibility Committee (BRC) of the Office for Budget Responsibility (OBR). 

The OBR is the UK’s official independent fiscal watchdog who are responsible for examining and reporting on the sustainability of the public finances. The BRC has executive responsibility for the core functions of the OBR and is responsible for judgements reached in OBR economic and fiscal forecasts. The new BRC vacancy arises because Professor Sir Charles Bean is due to step down from office at the end of the year following the end of his 5-year term.

"I am delighted to nominate Professor David Miles for appointment to the OBR’s Budget Responsibility Committee – a role that is a vital part of our commitment to strong public finances as we rebuild from the pandemic. A highly respected economist, Professor Miles brings a variety of academic and professional expertise which will only strengthen the existing independent and authoritative analysis of the OBR."

Rishi Sunak, Chancellor of the Exchequer

"I am pleased that the Chancellor has nominated me to join the Budget Responsibility Committee. The work of the Committee is of great importance as the UK faces exceptional challenges after the coronavirus outbreak. Sir Charles Bean has contributed greatly to the work of the Committee. It would be an honour to replace him should the Treasury Committee wish me to do so."

Professor David Miles 

David Miles is a Research Fellow in CEPR's Financial Economics (FE) and Political Economy (PE) programmes. He is a long-standing affiliate of CEPR, with over two decades since his first appointment to the network.  

He is Professor of Financial Economics at Imperial College, London, and Chair of the Board of Trustees of the Institute for Fiscal Studies. He was a member of the Monetary Policy Committee at the Bank of England between May 2009 and September 2015. As an economist he has focused on the interaction between financial markets and the wider economy. 

David's CEPR Discussion Papers can be found here, including:

He has also written for VoxEU, including:

Read the full statement from the UK government here