Sir Alan Budd was a founding member of the Bank of England’s Monetary Policy Committee in the summer of 1997. He left the MPC in the summer of 1999 and is now Provost of The Queen’s College, Oxford , and an adviser to Credit Suisse First Boston. Between 1991 and 1997, he was chief economic adviser to the Treasury, and headed the Government Economic Service. During the 1980s he was Professor of Economics and Director of the Centre for Economic Forecasting at the London Business School. He was chairman of the Gambling Review Body and a member of the Committee on the Future Funding of the BBC.

He rose to public fame when in 2004 he was asked to investigate the circumstances surrounding the issue of a visa to the nanny of the lover of David Blunkett the then Home Secretary.