Jonathan Portes
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Jonathan Portes (born 18 April 1966) is Professor of Economics and Public Policy at the School of Politics & Economics of
King's College, London King's College London (informally King's or KCL) is a public university, public research university located in London, England. King's was established by royal charter in 1829 under the patronage of George IV of the United Kingdom, King G ...
and a senior fellow at UK in a Changing Europe.


Early life and education

Portes is the son of
Richard Portes Richard David Portes CBE is a professor of Economics and an Academic Directior of the AQR Asset Management Institute at London Business School. He was President of the Centre for Economic Policy Research, which he founded. He also serves as Dir ...
, a
Rhodes Scholar The Rhodes Scholarship is an international postgraduate award for students to study at the University of Oxford, in the United Kingdom. Established in 1902, it is the oldest graduate scholarship in the world. It is considered among the world' ...
from
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...
. He earned a degree in mathematics from
Balliol College, Oxford Balliol College () is one of the constituent colleges of the University of Oxford in England. One of Oxford's oldest colleges, it was founded around 1263 by John I de Balliol, a landowner from Barnard Castle in County Durham, who provided the ...
, and a master's degree in Public Affairs (Economics and Public Policy) at
Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...
.


Career

After joining
HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a Departments of the Government of the United Kingdom, department of Government of the United Kingdom, His Majesty's Government ...
in 1987, he held increasingly senior positions in the civil service, rising to be the chief economist at the
Department for Work and Pensions , type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill Stree ...
and then the chief economist at the
Cabinet Office The Cabinet Office is a department of His Majesty's Government responsible for supporting the prime minister and Cabinet. It is composed of various units that support Cabinet committees and which co-ordinate the delivery of government object ...
under
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. He previously served as Chancellor of the Exchequer in Tony ...
. He left the civil service in 2011, after the Labour Party lost power to the Conservative-Liberal Democrat coalition government. Portes was appointed as the director of 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 ...
in February 2011. In October 2015, it was announced that Portes would step down as Director of NIESR before the end of that year, following a management review at the organisation. His areas of interest include
fiscal policy In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variabl ...
, labour markets and immigration. He has a particular interest in the economic effects of
Brexit Brexit (; a portmanteau of "British exit") was the Withdrawal from the European Union, withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 Greenwich Mean Time, GMT on 31 January 2020 (00:00 1 February 2020 Central Eur ...
, and was a prominent critic of the '
austerity Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spend ...
' policies advocated by
George Osborne George Gideon Oliver Osborne (born Gideon Oliver Osborne; 23 May 1971) is a former British politician and newspaper editor who served as Chancellor of the Exchequer from 2010 to 2016 and as First Secretary of State from 2015 to 2016 in the ...
, the former
Chancellor of the Exchequer The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the Ch ...
; Portes has described the Coalition's
Incapacity Benefit Incapacity Benefit was a British social security benefit that was paid to people facing extra barriers to work because of their long-term illness or their disability. It replaced Invalidity Benefit in 1995. The government began to phase out Inc ...
reassessment programme — a major
Whitehall Whitehall is a road and area in the City of Westminster, Central London. The road forms the first part of the A3212 road from Trafalgar Square to Chelsea. It is the main thoroughfare running south from Trafalgar Square towards Parliament Sq ...
project that was supposed to cut welfare spending by up to seven billion pounds a year — as "the biggest single social policy failure of the last fifteen years". He analysed the government's welfare reforms for
BBC Radio 4 BBC Radio 4 is a British national radio station owned and operated by the BBC that replaced the BBC Home Service in 1967. It broadcasts a wide variety of spoken-word programmes, including news, drama, comedy, science and history from the BBC's ...
in 2014. Portes is a council member of the
Royal Economic Society The Royal Economic Society (RES) is a professional association that promotes the study of economic science in academia, government service, banking, industry, and public affairs. Originally established in 1890 as the British Economic Association, ...
, a trustee of the charity Coram, a senior fellow at the UK in a Changing Europe. He was elected a
Fellow of the Academy of Social Sciences The Fellowship of the Academy of Social Sciences (FAcSS) is an award granted by the Academy of Social Sciences to leading academics, policy-makers, and practitioners of the social sciences. Fellows were previously known as Academicians and used the ...
in 2018.


Views

Portes has said that British government policy since 2010 has disproportionately harmed the poor. In 2018, he said "There were a lot of choices, and the government chose to balance the budget on the backs of the poorest." In 2023, Portes lost a bet made in 2018 with Christopher Snowdon, in which Portes had incorrectly predicted that relative
child poverty Child poverty refers to the state of children living in poverty and applies to children from poor families and orphans being raised with limited or no state resources. UNICEF estimates that 356 million children live in extreme poverty. It's es ...
would rise to unprecedented levels.


References


External links


Staff page at NIESRJonathan Portes' Curriculum Vitae
held at NIESR.
''Guardian'' profile''London Review of Books'' profile''Independent'' profileCommentary pieces written for the UK in a Changing Europe
{{DEFAULTSORT:Portes, Jonathan 1966 births Living people British Jews Alumni of Balliol College, Oxford Princeton University alumni British economists 21st-century American economists New Labour Labour Party (UK) people Fellows of the Academy of Social Sciences