Economics
U.K. Treasury Set to Name Former BOE Official to Key Policy Job
- Influential role determines Treasury’s budget spending power
- Miles is set to replace Charlie Bean at U.K. fiscal watchdog
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The U.K. Treasury is close to appointing David Miles, a former Morgan Stanley economist and Bank of England rate-setter, to one of the nation’s most influential economic policy jobs.
Miles, a professor of economics at Imperial College London, is set to become head of macroeconomic forecasting at the Office of Budget Responsibility, which serves as Britain’s fiscal watchdog, according to people with knowledge of the matter who asked not to be named because the details are private.