Andrew Sentance, CBE (born 1958) is a British business economist. He is currently 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.
Sentance was born in Bebington on the Wirral 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.
He 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 Vice-President and former Chairman of the Society of Business Economists.
Before joining the Bank of England, Sentance held various economic positions. He was Head of Economic Policy and Director of Economic Affairs at the CBI, 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.
In November 2011, Sentance joined Pricewaterhouse Coopers (PwC) as their Senior Economic Adviser.
Advice to Government
Sentance was a founder member of the Treasury'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 regarded as an inflation hawk on the MPC, arguing unsuccessfully 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 (2007–09) and in 2010/11 chaired a UK Government expert group on the International Dimensions of Climate Change.
Andrew Sentance 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-Hill, 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 appoints Andrew Sentance as Senior Economic Adviser PwC Media Centre, 4 October 2011. Retrieved 21 October 2011
- Stewart, Heather (5 May 2011). "Andrew Sentance loses last battle over interest rates". Guardian. Retrieved 6 June 2011.
- "Chancellor appoints Ben Broadbent as external member of the Monetary Policy Committee". HM Treasury. 7 March 2011. Retrieved 7 March 2011.
- International Dimensions of Climate Change, Foresight Project, Department of Business, Innovation and Skills
- New Year Honours 2012 The Daily Telegraph
- The London Gazette: . 31 December 2011.
- BBC Radio 4 Moneybox, 18 July 2010.
- "UK Trustees". Build It International. Retrieved 13 December 2014.
- Andrew Sentance's personal website
- Andrew Sentance's MPC speeches
- Warwick University Low Carbon Society Initiative
- Green Fiscal Commission
- Build It International (charity)
- Self Help Africa (charity)
|The Bank of England's Monetary Policy Committee|
|October 2006 – June 2008:||King | Bean | Barker | Tucker | Lomax | Gieve | Blanchflower | Besley | Sentance|
|July 2008 – February 2009:||King | Bean | Barker | Tucker | Gieve | Blanchflower | Besley | Sentance | Dale|
|March 2009 – April 2009:||King | Bean | Barker | Tucker | Blanchflower | Besley | Sentance | Dale | Fisher|
|June 2009 – August 2009:||King | Bean | Barker | Tucker | Besley | Sentance | Dale | Fisher | Miles|
|September 2009 – July 2010:||King | Bean | Barker | Tucker | Sentance | Dale | Fisher | Miles | Posen|
|August 2010 – May 2011:||King | Bean | Tucker | Sentance | Dale | Fisher | Miles | Posen | Weale|