Tim Congdon

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Timothy George Congdon
Born (1951-04-28) 28 April 1951 (age 71)

Timothy George Congdon CBE (born 28 April 1951) [1] is a British economist. [2]


Early life

He was educated at Colchester Royal Grammar School and St. John's and Nuffield colleges at the University of Oxford. [3]


Over the years, he has accumulated a long record of commenting on public policy issues, including writing sympathetically about (and deploying in his own analysis) the monetarist approach to macroeconomic policy. He has considerable experience working in the City of London and was the founder of the macroeconomic forecasting consultancy Lombard Street Research. Between 1993 and 1997 he was a member of the Treasury Panel that advised the Conservative government on economic policy, sometimes referred to as the "wise men". [4] [5]

Since May 2008, he has been the economic correspondent for Standpoint magazine. [6] He set up the economic advisory group International Monetary Research Ltd. in 2009; it applies Congdon's monetarist approach.

In January 2011 Congdon became the Honorary Chairman of The Freedom Association. He is on the Advisory Council of the Reform think tank. [7]

Northern Rock bail-out

Congdon was a prominent defender of the UK Government's action to lend to Northern Rock, arguing that it was quite likely to make money for the government. [8] He is a small shareholder in Northern Rock, a fact that he has disclosed publicly when writing on this issue. [9]


Congdon stood as UK Independence Party candidate for the Forest of Dean constituency in the 2010 General Election, obtaining 5.2% of the votes cast and saving his deposit. In October 2010 he stood unsuccessfully for the leadership of the party. In 2014 he stood down as UKIP's economic spokesman after being called a "hypocrite" for agreeing to have wind turbines installed on his property in Scotland, going against the party's policy on renewable energy. [10] In 2015 he was replaced as the UKIP candidate for Forest of Dean by Steve Stanbury. Congdon supported Britain's exit from the European Union in the UK's 2016 EU referendum. [11]

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  1. "Birthday's today". The Daily Telegraph . 28 April 2011. Archived from the original on 28 April 2011. Retrieved 22 April 2014. Prof Tim Congdon, economist, 60
  2. Tim Congdon's political website, accessed on 21 October 2011 at: "Tim Congdon - Supporters Website - 2010 UKIP leadership contest - Personal Statement". Archived from the original on 17 July 2011. Retrieved 21 October 2011.
  3. "Policy Paper: Biographic Note" (PDF). (163 KB). The Selsdon Group. Retrieved 29 July 2009.
  4. "TLS - Times Literary Supplement". Entertainment.timesonline.co.uk.
  5. Tim Congdon (2 October 2008). "The harsh arithmetic behind the banking crisis". Times Newspapers. Retrieved 2 December 2011.
  6. Mosbacher, Michael (25 June 2008). "Web Review: Standpoint - The July Issue". The Social Affairs Unit. Retrieved 5 September 2010.
  7. Reform, Advisory Council Archived 2011-07-26 at the Wayback Machine , accessed 15 May 2011
  8. Tim Congdon Northern Rock is making money for taxpayers, Financial Times, 2 November 2007.
  9. Richard Wachman "Stop Northern Rock fire sale, say investors", The Observer, 4 November 2007.
  10. Kate Devlin (5 March 2014). "Leading Ukip member stands down over wind farm deals". Herald Scotland. Retrieved 18 October 2016.
  11. "Brexit Boom | Tim Congdon". Standpointmag.co.uk. 29 August 2017. Retrieved 25 August 2020.