Photograph of David Miles

Member of the Budget Responsibility Committee

David Miles joined the Budget Responsibility Committee in January 2022. He retains a part-time Professorship of Financial Economics at Imperial College, London. He has had previous academic positions at Birkbeck College, London and at Oxford University. He has undergraduate and masters degrees from Oxford University and a PhD from the University of London.

David is a member of the Commission of the Central Bank of Ireland. He was a member of the Monetary Policy Committee at the Bank of England between May 2009 and September 2015. He was Chief UK Economist at Morgan Stanley from October 2004 to May 2009.

As an economist he has focused on the interaction between financial markets and the wider economy. He has worked on issues of demographics, government debt financing, housing markets and monetary policy.

In 2004 he led a government review of the UK mortgage market. In 2018 he completed a review for the UK Treasury on reference prices of UK government bonds. He has recently been an advisor to the IMF and to the reserve Bank of New Zealand.

He is a research fellow of the Centre for Economic Policy Research and at the CESIFO research institute in Munich. He stepped down as Chair of the Trustees of the Institute for Fiscal Studies upon joining the OBR.

David was awarded a CBE in January 2016.

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