British economist and portfolio manager
Rupert Harrison
CBE
Born (1978-11-01 ) November 1, 1978 (age 47) São Paulo, Brazil
Alma mater Magdalen College, Oxford ,University College London Occupations Economist, Portfolio Manager Employer BlackRock Known for Chief of Staff to George Osborne (2006–2015), Chair of the Council of Economic Advisers (UK Treasury) Political party Conservative
Rupert Harrison CBE (born 1 November 1978)[ 1] is a British economist and a portfolio manager atBlackRock . He was from 2006 to 2015 the chief of staff toGeorge Osborne , the BritishChancellor of the Exchequer , and chair of the Council of Economic Advisers in the UK Treasury.[ 2] He is currently a member of the Economic Advisory Council convened byChancellor of the Exchequer ,Jeremy Hunt .[ 3] In June 2023, he was selected as the Conservative Party candidate for theBicester & Woodstock constituency at the 2024 general election.[ 4]
Early life and education [ edit ] Born inSão Paulo , Harrison is the youngest son of a bank manager and a French teacher. He won a scholarship[ 5] toEton College (where he wasCaptain of School ).[ 1]
He then went toMagdalen College ,Oxford University where he initially studied Physics. However, he switched toPhilosophy, Politics and Economics , graduating with first-class honours.[ 6] One of his tutors at Oxford wasStewart Wood , who went on to become an adviser to bothGordon Brown andEd Miliband , and the two remained friends.[ 7]
In 2007, he obtained aPhD degree in Economics fromUniversity College London with a thesis entitled,Innovation and technology adoption. His academic research was published in theAmerican Economic Review , theEconomic Journal , and theReview of Economics and Statistics amongst others.[ 8] [ 9] [ 10]
From 2002, Harrison worked at theInstitute for Fiscal Studies as Senior Research Economist.
From 2006-2010, he was chief economic advisor to the then Leader of the Opposition David Cameron and Shadow Chancellor George Osborne. From 2010 to 2015, he was chief of staff to UK Chancellor of the Exchequer, George Osborne, and chair of the UK’s Council of Economic Advisors.[ 11]
In August 2015, Harrison joined the investment firmBlackRock , where he is a portfolio manager and chief macro strategist for multi-asset strategies.[ 12] [ 13] [ 14]
Harrison has written opinion pieces for theFinancial Times [ 15] [ 16] and has regularly appeared as a commentator on TV and radio.[ 17] [ 18]
Harrison was appointed as a member of the government's Economic Advisory Council by ChancellorJeremy Hunt in 2022.[ 3]
In June 2023, he was selected to stand as the Conservative candidate for the constituency ofBicester and Woodstock in the2024 general election .[ 19] However, he was not elected.
Harrison believesBrexit damages the UK economy. In 2017, he wrote, "Q2 growth of 0.3% is not the end of the world, and I'm less gloomy than many on the outlook. But the rest of Europe is booming and we're not".[ 20] [ 21]
In 2014 Harrison was said to be one of the most powerful people in the UK and to be the main reason why Osborne could be a "part time" Chancellor.[ 22] [ 5]
In March 2014, he was the subject of theBBC Radio 4 Profile programme.[ 23]
Harrison was appointed aCommander of the Order of the British Empire (CBE) in the2015 Dissolution Honours Lists on 27 August 2015.[ 24]
In his first year at Oxford he was in a band calledPsychid with three other students.[ 25]
In 2004, he married Jo Orpin, a Magdalen contemporary who has worked as a divorce lawyer and family therapist.[ 1] [citation needed ]
Since January 2017 he has been a Trustee of The Fore, a charity dedicated to funding small charities and social enterprises.[ 11]
^a b c "All power to the new Tories" .Evening Standard . 26 July 2010. Retrieved8 August 2023 .^ "Harrison, Rupert - Special Adviser, HM Treasury - ACOBA recommendation" .gov.uk .Archived from the original on 10 August 2023. Retrieved8 August 2023 .^a b HM Treasury (17 October 2022)."Government to establish expert Economic Advisory Council" .gov.uk (Press release). Retrieved8 August 2023 .^ Tomorrow' MPs [@tomorrowsmps] (21 June 2023)."BICESTER & WOODSTOCK: former George Osborne adviser Rupert Harrison picked as Conservative candidate" (Tweet ) – viaTwitter . ^a b Wright, Oliver (1 December 2014)."Key player: Rupert Harrison is the most important person in Government who you've never heard of" .The Independent . Retrieved8 August 2023 . ^ Greaves, Mark (21 April 2011)."Spads you like: Osborne's Treasury advisers" .Channel 4 News .Archived from the original on 8 December 2022. Retrieved8 August 2023 . ^ "Poles apart in politics but best of friends away from the House" .The Times . 30 October 2010. Retrieved8 August 2023 .^ Griffith, Rachel; Harrison, Rupert; Van Reenan, John (November 2004)."CEP Discussion Paper No 659 | How Special Is the Special Relationship? Using the Impact of U.S. R&D Spillovers on U.K. Firms as a Test of Technology Sourcing" (PDF) .Centre for Economic Performance .London School of Economics .doi :10.1257/aer.96.5.1859 . Retrieved8 August 2023 . ^ Griffith, Rachel; Harrison, Rupert; Macartney, Gareth (March 2007)."Product Market Reforms, Labour Market Institutions and Unemployment" .The Economic Journal .117 (519).Royal Economic Society :C142– C166.CiteSeerX 10.1.1.844.8140 .doi :10.1111/j.1468-0297.2007.02039.x . ^ Commander, Simon; Harrison, Rupert; Menezes-Filho, Naercio (1 May 2011). "ICT and Productivity in Developing Countries: New Firm-Level Evidence from Brazil and India".The Review of Economics and Statistics .93 (2).MIT Press Direct:528– 541.doi :10.1162/REST_a_00080 .S2CID 57571331 . ^a b "Trustees and Patrons" .The Fore . Retrieved8 August 2023 .^ Ahmed, Kamal (11 June 2015)."Osborne's former right hand man moves to BlackRock" .BBC News . Retrieved8 August 2023 .^ Pickard, Jim; Agnew, Harriet (11 June 2015)."Architect of UK pension reforms Rupert Harrison joins BlackRock" .Financial Times . Retrieved8 August 2023 . ^ "BlackRock Strategist Prefers European to U.S. Equities" .Bloomberg News . 27 March 2017. Retrieved8 August 2023 .^ Harrison, Rupert (27 June 2016)."We now need a proper roadmap to quell corrosive uncertainty" .Financial Times . Retrieved8 August 2023 . ^ Harrison, Rupert (11 December 2015)."In praise of post-financial crisis paranoia" .Financial Times . Retrieved8 August 2023 . ^ Budget 2017: The big debate .BBC Newsnight . 9 March 2017. Retrieved8 August 2023 – via YouTube.^ BBC Daily Politics and Sunday Politics [@daily_politics] (19 May 2017)." "I think that probably did cost us votes in 2010, but it was worth it for the authority it gave to go on & do diffifult things" @brharrison" (Tweet ). Retrieved8 August 2023 – viaTwitter . ^ Atkinson, William (22 June 2023)."Harrison selected in Bicester and Woodstock for his ability to "talk about local issues from a national perspective" " .ConservativeHome . Retrieved8 August 2023 . ^ Eaton, George (26 July 2017)."The Brexit slowdown is real" .New Statesman . Retrieved8 August 2023 .^ Harrison, Rupert [@brharrison] (26 July 2017)."Q2 growth of 0.3% is not the end of the world, and I'm less gloomy than many on the outlook. But the rest of Europe is booming and we're not" (Tweet ). Archived fromthe original on 10 August 2023. Retrieved8 August 2023 – viaTwitter . ^ Nelson, Fraser (16 March 2014)."Ever wondered how George Osborne can be a part-time Chancellor?" .The Daily Telegraph . Retrieved8 August 2023 .^ Sieghart, Mary Ann (15 March 2014)."Rupert Harrison" .Profile .BBC Radio 4 . Retrieved8 August 2023 .^ "Dissolution Honours 2015" .Prime Minister's Office (Press release). 27 August 2015. Retrieved8 August 2023 .^ "The Big Question | a quiet word with." Nightshift | Oxford's Music Online . July 2002. Archived fromthe original on 4 August 2002.
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