Andrew Sentance
Encyclopedia
Andrew Sentance is Senior Economic Adviser to PwC
, a position he took up in November 2011. He was an external member of the Monetary Policy Committee
of the Bank of England
from October 2006 to May 2011.
on the Wirral
in September 1958 and grew up in south-east London. He was educated at Eltham College
, Clare College, Cambridge
and the London School of Economics
. At Eltham College, he studied Economics, Mathematics and History at A Level, and at Clare College gained a BA
(Hons, 2.1) in Economics, graduating in 1980. His postgraduate studies were carried out at the London School of Economics
, completing an Economics MSc
(1981-82) and a PhD
- submitting his thesis The Government as employer: a macroeconomic analysis in 1987.
Andrew is a part-time Professorial Fellow at the University of Warwick
, based at Warwick Business School
where he is developing research into the future Low Carbon Society
. He holds a visiting professorship at Royal Holloway, University of London
, and was awarded an honorary D.Sc by the University of London
in 2008. He is also a Fellow and former Chairman of the Society of Business Economists
.
, where he worked from September 1986 until December 1993. In January 1994, he joined London Business School
, where he was a Senior Research Fellow and subsequently Director of the Centre for Economic Forecasting.
In 1998, he joined British Airways
where he was Chief Economist and Head of Environmental Affairs. He was one of the five senior managers appointed in 2001 to prepare the company's "Future Size and Shape" turnaround plan, and chaired the Investment Committee of the BA Pension Funds from 2002 until 2006.
’s Panel of Independent Forecasters which provided advice to the Chancellor of the Exchequer
during the Conservative
Government in the 1990s. He also acted as a government adviser on official statistics and corporate social responsibility
in the 1990s and 2000s.
He was appointed to the Monetary Policy Committee
of the Bank of England
by the Chancellor of the Exchequer
in 2006, and served on the Committee from 1 October 2006 until 31 May 2011. He was the most vociferous inflation hawk
on the MPC, consistently calling for interest rate rises from June 2010 until his term ended in May 2011.
He was replaced by Ben Broadbent
.
He is a former member of the Commission for Integrated Transport (2006-10) and also acted as an expert adviser to the Department for Transport
on the framework of regulation for UK airports. He was a member of the Green Fiscal Commission
(2007-9) and in 2010/11 chaired a UK Government expert group on the International Dimensions of Climate Change.
, Essex, where he lives. Sentance takes a keen interest in environmental affairs and also in charity work: he is a trustee of Build-It International, a development charity, and a former trustee of the charity Harvest Help (now known as Self Help Africa
) as well as a former trustee of the Anglo-German Foundation.
PwC
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
, a position he took up in November 2011. He was an external member of the Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
from October 2006 to May 2011.
Qualifications
Andrew Sentance was born in BebingtonBebington
Bebington is a small town and electoral ward within the Metropolitan Borough of Wirral, in Merseyside, England. It lies south of Liverpool and west southwest of Manchester, along the River Mersey on the eastern side of the Wirral Peninsula...
on the Wirral
Wirral Peninsula
Wirral or the Wirral is a peninsula in North West England. It is bounded by three bodies of water: to the west by the River Dee, forming a boundary with Wales, to the east by the River Mersey and to the north by the Irish Sea. Both terms "Wirral" and "the Wirral" are used locally , although the...
in September 1958 and grew up in south-east London. He was educated at Eltham College
Eltham College
This article is about the school in London, England. For the school in Research, Australia see Eltham College of Education.Eltham College is an independent school situated in Mottingham in south-east London...
, Clare College, Cambridge
Clare College, Cambridge
Clare College is a constituent college of the University of Cambridge in Cambridge, England.The college was founded in 1326, making it the second-oldest surviving college of the University after Peterhouse. Clare is famous for its chapel choir and for its gardens on "the Backs"...
and the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
. At Eltham College, he studied Economics, Mathematics and History at A Level, and at Clare College gained a BA
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
(Hons, 2.1) in Economics, graduating in 1980. His postgraduate studies were carried out at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
, completing an Economics MSc
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
(1981-82) and a PhD
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
- submitting his thesis The Government as employer: a macroeconomic analysis in 1987.
Andrew is a part-time Professorial Fellow at the University of Warwick
University of Warwick
The University of Warwick is a public research university located in Coventry, United Kingdom...
, based at Warwick Business School
Warwick Business School
Warwick Business School, also known as WBS, was established in 1967 as the School of Industrial and Business Studies.It offers undergraduate, postgraduate and PhD degree programmes,as well as non-degree executive education for individuals and companies....
where he is developing research into the future Low Carbon Society
Low-carbon economy
A Low-Carbon Economy or Low-Fossil-Fuel Economy is an economy that has a minimal output of greenhouse gas emissions into the environment biosphere, but specifically refers to the greenhouse gas carbon dioxide...
. He holds a visiting professorship at Royal Holloway, University of London
Royal Holloway, University of London
Royal Holloway, University of London is a constituent college of the University of London. The college has three faculties, 18 academic departments, and about 8,000 undergraduate and postgraduate students from over 130 different countries...
, and was awarded an honorary D.Sc by the University of London
University of London
-20th century:Shortly after 6 Burlington Gardens was vacated, the University went through a period of rapid expansion. Bedford College, Royal Holloway and the London School of Economics all joined in 1900, Regent's Park College, which had affiliated in 1841 became an official divinity school of the...
in 2008. He is also a Fellow and former Chairman of the Society of Business Economists
Society of Business Economists
The Society of Business Economists is an organisation serving business economists in the UK. It publishes the journal The Business Economist .Notable members include:*Vicky Pryce*DeAnne Julius*Lord Burns*Richard O'Brien*Andrew Sentance...
.
Previous career
Before joining the Bank of England, Sentance held various economic positions. He was Head of Economic Policy and Director of Economic Affairs at the C.B.I.Confederation of British Industry
The Confederation of British Industry is a British not for profit organisation incorporated by Royal charter which promotes the interests of its members, some 200,000 British businesses, a figure which includes some 80% of FTSE 100 companies and around 50% of FTSE 350 companies.-Role:The CBI works...
, where he worked from September 1986 until December 1993. In January 1994, he joined London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
, where he was a Senior Research Fellow and subsequently Director of the Centre for Economic Forecasting.
In 1998, he joined British Airways
British Airways
British Airways is the flag carrier airline of the United Kingdom, based in Waterside, near its main hub at London Heathrow Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations...
where he was Chief Economist and Head of Environmental Affairs. He was one of the five senior managers appointed in 2001 to prepare the company's "Future Size and Shape" turnaround plan, and chaired the Investment Committee of the BA Pension Funds from 2002 until 2006.
Advice to Government
Sentance was a founder member of the TreasuryHM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
’s Panel of Independent Forecasters which provided advice to the Chancellor of the Exchequer
Chancellor of the Exchequer
The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters. Often simply called the Chancellor, the office-holder controls HM Treasury and plays a role akin to the posts of Minister of Finance or Secretary of the...
during the Conservative
Conservative Party (UK)
The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...
Government in the 1990s. He also acted as a government adviser on official statistics and corporate social responsibility
Corporate social responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model...
in the 1990s and 2000s.
He was appointed to the Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
by the Chancellor of the Exchequer
Chancellor of the Exchequer
The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters. Often simply called the Chancellor, the office-holder controls HM Treasury and plays a role akin to the posts of Minister of Finance or Secretary of the...
in 2006, and served on the Committee from 1 October 2006 until 31 May 2011. He was the most vociferous inflation hawk
Hardline
In politics, hardline refers to the doctrine, policy, and posturing of a government or political body as being absolutist and sometimes authoritarian. The hardline position is usually extremist and uncompromising....
on the MPC, consistently calling for interest rate rises from June 2010 until his term ended in May 2011.
He was replaced by Ben Broadbent
Ben Broadbent
Benjamin R Broadbent is a British economist, currently chief European economist at Goldman Sachs. In June 2011, he replaced the departing Andrew Sentance on the Bank of England Monetary Policy Committee....
.
He is a former member of the Commission for Integrated Transport (2006-10) and also acted as an expert adviser to the Department for Transport
Department for Transport
In the United Kingdom, the Department for Transport is the government department responsible for the English transport network and a limited number of transport matters in Scotland, Wales and Northern Ireland which are not devolved...
on the framework of regulation for UK airports. He was a member of the Green Fiscal Commission
Green Fiscal Commission
The Green Fiscal Commission is a British body set up to examine the best way of implementing green taxes in the United Kingdom. GFC includes members from business, academia and the three main British political parties. GFC is chaired by Robert Napier, chairman of the Met Office and former chief...
(2007-9) and in 2010/11 chaired a UK Government expert group on the International Dimensions of Climate Change.
Family and interests
Andrew Sentance is 53 (as of 2011) and is married with two children. His main interest outside work is music. He plays the piano, organ, guitar and bass guitar and is a member of a band called ‘Revelation’. He is also involved in local church activities in Horndon-on-the-HillHorndon-on-the-Hill
Horndon-on-the-Hill is a village and Church of England parish in the unitary authority of Thurrock. It is about a mile northwest of Stanford le Hope and about two miles northeast of Orsett - from 1894, it was part of the Orsett Rural District....
, Essex, where he lives. Sentance takes a keen interest in environmental affairs and also in charity work: he is a trustee of Build-It International, a development charity, and a former trustee of the charity Harvest Help (now known as Self Help Africa
Self Help Africa
Self Help Africa is an international charity that promotes and implements long term rural development projects in Africa. It was established in mid-2008 following a merger between Irish agency Self Help Development International and the UK agency Harvest Help - both of which were set up in the wake...
) as well as a former trustee of the Anglo-German Foundation.