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.

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.

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.

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.

[7][2] 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.

[11] He was appointed Knight Grand Cross of the Order of the British Empire (GBE) in the 2013 New Year Honours for services to economic policy and the Office for Budget Responsibility.