Professor Bell will be the principal advisor to the Chancellor and the Prime Minister on the macroeconomy and fiscal policy, leading the Treasury’s economics function and its work to deliver the government’s economic objectives. He will commence the role on Monday 9th March.
He replaces Sam Beckett, who held the role from 2023 until her retirement earlier this year.
Professor Bell is currently Chair of the Migration Advisory Committee and a Professor of Economics at King’s Business School, King’s College London. He has previously held roles at the Bank of England and the International Monetary Fund, as well as positions in the private sector, working as an economist and proprietary trader for hedge funds and investment banks in London.
Chancellor of the Exchequer Rachel Reeves said
“Thanks to the choices we’ve made we have had six interest rate cuts since the election, inflation is falling faster than expected and we have beaten the OBR’s growth forecasts. Through stability, investment and reform, this government has the right plan for our economy and the appointment of Professor Brian Bell will strengthen our economic leadership as we deliver for working people.”
James Bowler, Permanent Secretary to the Treasury, said
“I am very pleased to welcome Brian to HM Treasury as Director General Economics and Fiscal, and Chief Economic Advisor. His extensive experience in economic research and policymaking, at leading financial institutions, and the financial services sector will be invaluable as we work to deliver the government’s economic agenda.
“I look forward to working with him as he leads the department’s economic analysis, advice to ministers, and Government Economic Service.”
Professor Brian Bell said
“This is a pivotal moment for the UK economy, with an ambitious plan to deliver growth, reduce the cost of living and improve economic security for households and businesses across the country.
“I look forward to working with colleagues across the Treasury, the wider civil service and our partners to provide rigorous economic advice to the Chancellor and the Prime Minister, and to help ensure policy decisions deliver real benefits for people and communities in every part of the UK.”