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Fiscal Policy Panel

​​The Fiscal Policy Panel (FPP) was established to provide Jersey's Treasury and Resources Minister and States members with independent economic advice on matters relating to tax and spending policy, and the use of the Stabilisation Fund.

Panel biographies

The members of the FPP are:

  • Dame Kate Barker​ (Chair)
  • Professor Francis Breedon
  • Mr Richard Davies

Dame Kate Barker (Chair)

Dame Kate Barker was appointed to the FPP in 2014, and has been Chair since 2016.  She has been a non-executive director of Taylor Wimpey plc since April 2011 and of Man Group plc since April 2017. She is chairman of trustees for the British Coal Staff Superannuation Scheme, and a trustee of the Yorkshire Building Society pension scheme.  In addition, she is a member of the National Infrastructure Commission.  She led a quality review of the UK National Accounts for the Office for National Statistics in 2014 and has chaired a commission on Health and Social Care for the King’s Fund.  She was a member of the Monetary Policy Committee (MPC) at the Bank of England (2001 to 2010). She led two major policy reviews reporting to the Chancellor and the Secretary of State for Communities and Local Government: Barker Review of UK Housing Supply (2003 to 2004), Barker Review of Land-Use Planning (2005 to 2006). She was created Dame Commander of the Order of the British Empire (DBE) for services to the economy in 2014.

Professor Francis Breedon

Professor Francis Breedon was appointed to the FFP in 2016.  He is Professor of Economics and Finance at Queen Mary University of London, a role which he has held since 2010. He has wide-ranging experience as a professional economist, including practical and academic experience. As well as working at the Bank of England for seven years, he has held senior economics positions in the private sector and continues to consult for a number of financial firms. His academic research focusses on international finance, and covers international macroeconomics and fiscal policy, including government funding and sovereign wealth funds.

Mr Richard Davies

Mr. Richard Davies was appointed to the FPP in 2018. He is a Fellow at the Centre for Economic Performance, part of the London School of Economics (“LSE”) and also Chief of Staff and Research Director of the LSE’s Growth Commission. Between 2015 and 2016, he was Economics Adviser to the Chancellor of the Exchequer, George Osborne, at H.M. Treasury. Other policy roles have included working at the Bank of England between 2006 and 2012, where he managed teams covering international macro-economics and the financial sector. He was a lead author of the Bank’s Financial Stability Report and has also worked on secondment at the Bank of Canada in Ottawa. He began his career as a micro-economist, working in private sector consultancy, and then as a government antitrust economist at the UK Competition Commission.

Fiscal Policy Panel reports

March 2018 economic assumptions

Fiscal Policy Panel annual report October 2017

August 2017 economic assumptions

March 2017 economic assumptions

Letter from Fiscal Policy Panel to the Treasury Minister Ref Hospital Funding Strategy December 2016

Letter from the Treasury Minister to Fiscal Policy Panel Ref Hospital Funding Strategy December 2016

Fiscal Policy Panel annual report August 2016

​Fiscal Policy Panel update July 2016

March 2016 economic assumptions

Fiscal Policy Panel Annual Report September 2015

Fiscal Policy Panel pre-MTFP report 2015​ 

Fiscal Policy Panel annual report 2014

Fiscal Policy Panel annual report 2013

Fiscal Policy Panel annual report 2012

Letter from Fiscal Policy Panel to the Treasury Minister Ref Use of Stabilisation Fund May 2012

Letter from the Treasury Minister to Fiscal Policy Panel Ref Use of Stabilisation Fund April 2012

Fiscal Policy Panel annual report update October 2011

Fiscal Policy Panel annual report 2011

Fiscal Policy Panel annual report 2010

Fiscal Policy Panel interim report September 2010

Fiscal Policy Panel annual report update November 2009 

Fiscal Policy Panel annual report May 2009

Letter from Fiscal Policy Panel to the Treasury Minister Ref Fiscal Stimulus March 2009

Letter from the Treasury Minister to Fiscal Policy Panel Ref Fiscal Stimulus March 2009

Fiscal Policy Panel update November 2008

Fiscal Policy Panel annual report 2008

Fiscal Policy Panel preliminary report April 2008​​

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