Alan Budd: 1937–2023

Economist played key role in establishing BoE’s inflation-targeting framework

Alan Budd in 2004
Alan Budd in 2004
Photo: Independent/Alamy Stock Photo

Alan Budd, an influential UK macroeconomist and civil servant, and a member of the Bank of England’s first Monetary Policy Committee (MPC), has died aged 85.

Budd worked in academia, as a senior civil servant and in the private sector, as well as at the BoE. He was the first head of the UK’s official fiscal watchdog, the Office for Budget Responsibility (OBR).

Budd studied at the London School of Economics before taking a PhD at Cambridge University, and became a professor at the London

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