Kate Barker
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Dame Katharine Mary Barker (born 1957) is a British
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
. She is principally noted for her role at the
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 to act as the English Government's banker, and still one of the bankers for the Government of ...
and for advising the British government on social issues such as housing and health care.


Early career

Barker grew up in
Stoke-on-Trent Stoke-on-Trent (often abbreviated to Stoke) is a city and Unitary authorities of England, unitary authority area in Staffordshire, England, with an area of . In 2019, the city had an estimated population of 256,375. It is the largest settlement ...
. She received a degree in Philosophy, Politics and Economics at St Hilda's College, Oxford in 1979 and then worked for a large pension fund in
London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
. She was a research officer at the
National Institute of Economic and Social Research The National Institute of Economic and Social Research (NIESR), established in 1938, is Britain's oldest independent economic research institute. The institute is a London-based independent UK registered charity that carries out academic researc ...
(1981–85) and was the chief European economist at the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
in Brentwood (1985–94). From 1994 to 2001, she was chief economic adviser at the Confederation of British Industry (CBI). She was also a member of the
HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ec ...
's Panel of Independent Economic Advisers 1996–97; and a non-executive director of the
Yorkshire Building Society Yorkshire Building Society is the third largest building society in the UK, with its headquarters in Bradford, West Yorkshire, England. It is a member of the Building Societies Association. The society also owns the Chelsea Building Society a ...
(1999-April 2001). Barker was appointed as an external member of the
Monetary Policy Committee Monetary Policy Committee (MPC) may refer to: * Monetary Policy Committee (India) The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least fo ...
of the
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 to act as the English Government's banker, and still one of the bankers for the Government of ...
with effect from 1 June 2001. The MPC is responsible for setting interest rates to meet the Government's inflation target. She is the only external MPC member to have been appointed for three terms, the latest of which ended on 31 May 2010. She was not eligible for a fourth term.


Housing, social care and other policy work

Barker was appointed by the Government in April 2003 to conduct an independent Review of UK Housing Supply; leading to a final report in March 2004. The Government's full response to this review was published in December 2005. In October 2005, she was appointed a board member of the
Housing Corporation The Housing Corporation was the non-departmental public body that funded new affordable housing and regulated housing associations in England. It was established by the Housing Act 1964. On 1 December 2008, its functions were transferred to two n ...
, and from 2008 to 2011 of one of its successor bodies, the Homes and Communities Agency. In December 2005, she was asked to conduct an independent Review of Land Use Planning, and she reported on 5 December 2006. From 2010 to May 2015, she was chair of the Northern Ireland Economic Advisory Group. She was appointed as one of two non-executive members of the UK government's
Office for Budget Responsibility The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally ...
from June 2011 to June 2017. Barker was appointed
Commander of the Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...
(CBE) for services to social housing in 2006 and Dame Commander of the Order of the British Empire (DBE) in the 2014 Birthday Honours for services to the economy. She is an Academician of the
Academy of Social Sciences The Academy of Social Sciences is a representative body for social sciences in the United Kingdom. The Academy promotes social science through its sponsorship of the Campaign for Social Science, its links with Government on a variety of matters, a ...
. Her book, ''Housing: Where's the Plan'' was published in September 2014 by London Publishing Partnership, in their ''Perspectives'' series. In 2014 she chaired a commission on the Future of Health and Social Care in England for the
King's Fund The King's Fund is an independent think tank, which is involved with work relating to the health system in England. It organises conferences and other events. Since 1997, they have jointly funded a yearly award system with GlaxoSmithKline. Th ...
, which delivered its final report in September. She also led a quality review of the National Accounts for the
Office for National Statistics The Office for National Statistics (ONS; cy, Swyddfa Ystadegau Gwladol) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament. Overview The ONS is responsible for th ...
during 2014.


Board memberships and other posts

Barker was a non-executive director on the board of the
Yorkshire Building Society Yorkshire Building Society is the third largest building society in the UK, with its headquarters in Bradford, West Yorkshire, England. It is a member of the Building Societies Association. The society also owns the Chelsea Building Society a ...
from 2010 to 2017. She was a senior adviser to
Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
, 2010–2016. From 2010 to June 2016, she was a non-executive director of Electra Private Equity plc, and interim chairman from November 2015. In March 2014, she was appointed a member of the Fiscal Policy Panel of the States of Jersey, and became chairman of the Panel in April 2016. Barker became chair of the advisory board for the Centre for Business Research at the Judge Business School, University of Cambridge, in October 2012. She was a governor at
Anglia Ruskin University Anglia Ruskin University (ARU) is a public university in East Anglia, United Kingdom. Its origins are in the Cambridge School of Art, founded by William John Beamont in 1858. It became a university in 1992, and was renamed after John Ruskin in ...
from 2000 to 2010, and chair of governors 2007–2010; in October 2011, the university awarded her an honorary doctorate. She was chair of the Society of Business Economists from 2013 to 2016. She has been a trustee of the Essex Community Foundation. In September 2014, Barker became chairman of the trustees of the British Coal Staff Superannuation Scheme.Biography
Bank of England website; accessed 14 June 2014.
She was a non-executive director (NED) of Taylor Wimpey plc from April 2011 to July 2020, and joined the board of Man Group plc in April 2017. From April 2017 to March 2020, she was a member of the
National Infrastructure Commission The National Infrastructure Commission is the executive agency responsible for providing expert advice to the UK Government on infrastructure challenges facing the UK. Inaugurated in 2015, and established as an executive agency of HM Treasu ...
. From July 2017 to April 2020 she was a member of the council, Oxford University. In July 2019, she joined the UK Cabinet Office's
Geospatial Commission The United Kingdom's Geospatial Commission is an expert group, established in 2018 as part of the Cabinet Office, responsible for promoting the use of geospatial data in the country. The commission also defines UK's "geospatial strategy". It works ...
as one of four new commissioners. In April 2020 Barker became a trustee of th
Universities Superannuation Scheme (USS)
and takes over as chairman from Professor Sir David Eastwood in September 2020. Previously an independent member of the Football Regulatory Authority of the Football Association, she is a
Stoke City F.C. Stoke City Football Club is a professional football club based in Stoke-on-Trent, Staffordshire, England, which competes in the . Founded as Stoke Ramblers in 1863, it changed its name to Stoke in 1878 and then to Stoke City in 1925 after Stoke ...
fan.


References

{{DEFAULTSORT:Barker, Kate 1957 births Living people Alumni of St Hilda's College, Oxford British economists Date of birth missing (living people) Dames Commander of the Order of the British Empire Fellows of the Academy of Social Sciences Monetary Policy Committee members People from Stoke-on-Trent British women economists