[9] Then from 1999 to 2012, Lyons was the Chief Economist and Group Head of Global Research at Standard Chartered Bank,[10] where he was in charge of a division of about 180 staff.

[16] Prior to this Lyons reinforced his own reputation as an accurate forecaster with being one of two British economists predicting in August 2008, a month before Lehman Brothers collapsed, a deep imminent recession.

[14] Other accurate contrarian calls include correctly predicting that the Lawson Boom would end in a bust, as well arguing for the economic benefits of leaving the European Exchange Rate Mechanism.

[18] Regarding the latter, Lyons wrote in The Observer in 1992 that "[S]omething will have to give: either the government's exchange-rate commitment or the economy," and he has called the euro "probably the worst economic idea ever thought up by anyone anywhere at any time".

[19] Currently, Lyons is Chief Economic Strategist at Netwealth,[20] an independent non-executive director at the Bank of China,[citation needed] and a Senior Fellow at the think tank Policy Exchange.

[31] He was initially a prominent supporter of the supply-side reforms in Truss's "mini-budget",[32] writing two days after its unveiling that it "will boost growth and everyone will benefit.

"[33] However, as reported in The Guardian[34] and Financial Times, Lyons co-authored a paper for Truss before she became prime minister which warned: “The markets are nervous about the UK and about policy options.