This event, chaired by Heather Stewart, Economics Editor of the Observer, is part of the Festival of Economics. There is a fierce debate between advocates of a government stimulus for the economy and those who say the longer-term cost of more stimulus is too high, and this economic debate maps onto party politics too. And what about the underlying strength or weakness of the UK economy? Is British industry ready to take advantage of a return to growth? Is there any prospect of this while the Euro crisis continues? The panellists are: Andrew Sentance, member, Bank of England Monetary Policy Committee October 2006 – May 2011, and now senior economics adviser Pricewaterhouse Coopers; Jonathan Portes, Director, National Institute of Economic and Social Research; Vicky Pryce, Senior Managing Director, FTI Consulting Inc and former Joint Head, UK Government Economic Service, 2007-2010; Peter Marsh Financial Times‘ manufacturing editor, author, The New Industrial Revolution: Consumers, Globalization and the End of Mass Production.
We remain in a deep financial and economic crisis. The economy and economics will be irrevocably changed by the crisis. The Festival of Economics will confront the economists with their critics, bringing together academic economists, practitioners of economics, and challengers from both inside and outside the subject. It will celebrate economics, an intellectually powerful discipline with a rich history, and also look at its recent failures. Economics has a profound influence on politics and public policy: it is too important to be left to economists. See the full list of Festival events HERE.
Heather Stewart is the Observer’s Economics Editor. She joined the Guardian as a junior reporter in 2001 after a year as a researcher in HM Treasury, and has since covered UK and international economics. Since September 2011, Heather has been the journalists’ representative on the Scott Trust, the independent body that owns the Guardian and Observer. She also sits on the advisory board of the Bretton Woods Project, a think-tank monitoring the activities of the International Monetary Fund and World Bank. See her latest articles HERE.
Andrew Sentance is a business economist who served as a member of the Bank of England Monetary Policy Committee (MPC) from October 2006 until May 2011. In November 2011, he joined Pricewaterhouse Coopers (PwC) as their Senior Economic Adviser. Before I joined the MPC, he worked for British Airways for nearly nine years, as Chief Economist and Head of Environmental Affairs. He is also a part-time Professor of Sustainable Business at Warwick Business School. Visit his website at www.sentance.com.
Jonathan Portes is Director of the National Institute of Economic and Social Research. Previously, he was Chief Economist at the Cabinet Office, where he advised the Cabinet Secretary, Gus O’Donnell, and Number 10 Downing Street on economic and financial issues. Before that he held a number of other senior economic policy posts in the UK government. Visit his blog HERE.
Vicky Pryce is a Senior Managing Director in the Economic Consulting practice of FTI Consulting Inc, based in the London office. She joined FTI in September 2010. Prior to this, she was Director General, Economics & Chief Economic Adviser at the, Department for Business, Innovation and Skills (BIS), 2002-2010 and Joint Head, UK Government Economic Service, 2007-2010. She remains a member of the Secretary of State for Business Panel on monitoring the economy. Before joining the civil service Vicky was Partner at London Economics, Partner and Chief Economist at KPMG, Corporate Economist at ESSO Europe and Chief economist at Williams & Glyn’s Bank (later RBS). She is the author of Greekonomics: The Euro Crisis and Why Politicians Don’t Get It.
Peter Marsh is the Financial Times‘ manufacturing editor, reporting on developments in industries relating to manufacturing. From 1977, he worked for six years as a reporter and editor at New Scientist, which he left to join the Financial Times. Initially he wrote about technology, and later he moved on to cover both chemicals and economics. His latest book is The New Industrial Revolution: Consumers, Globalization and the End of Mass Production.
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