Background
BUDD, Alan was born on November 16, 1937 in Kent. Son of Ernest Budd and Elsie Budd.
BUDD, Alan was born on November 16, 1937 in Kent. Son of Ernest Budd and Elsie Budd.
Budd went to Oundle public school, and then studied at the London School of Economics where he received a Bachelor of Science degree in economics. He subsequently went to the University of Oxford were he received an Master of Arts degree and a Doctorate.Phil. degree and to the University of Cambridge where he obtained a Doctor of Philosophy degree.
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).
He left the MPC in May 1999, and between August 1999 and 2008 was Provost of The Queen"s College, Oxford. He was temporarily head of Her Majesty"s Government" General’ s Office for Budget Responsibility during 2010. degree in economics. He subsequently went to the University of Oxford were he received an Master of Arts degree and a Doctorate.Phil.
After various academic roles, he became senior economic advisor to Her Majesty 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 (1989-1991), and membership of the Advisory Board for Research Councils (1990-1991).
Between 1991 and 1997, he was chief economic adviser to the Treasury, and headed the government economic service. He is also a senior adviser to Cr Suisse First Boston and a consultant to the G8 Group.
In 2005, he was appointed to the board of the IG Group, a spread betting firm founded by Stuart Wheeler.
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. Budd"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 application." Blunkett resigned as home secretary after being told in advance of the report"s findings. In May 2010 he came out of retirement to be the interim Chairman of the Office for Budget Responsibility, set up by Chancellor of the Exchequer George Osborne to assess the state of public finances and issue economic forecasts.
He described this as "the most exciting challenge of my professional life".
In July 2010 it was announced that he will not continue in the role after his initial 3-month contract expires. The Financial Times reported "His departure was expected and Budd had let it be known privately that he had never intended to serve as chairman of the OBR for anything other than a short period.
His contract spanned the emergency Budget, leaving enough time thereafter to advise on the legislation needed to establish the OBR on a permanent basis.".
Budd was a member of the Independent Review Panel on the Future Funding of the British Broadcasting Corporation (1999), and chairman of the Gambling Review Body which produced the Gambling Review Report (2001).
Married Susan Millott in 1964.