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Treasury Urged to Hire Quants and Upgrade Dynamic Modelling

By Drooid · Oct 15, 2026, 12:09 PM UTC · How we work

Summary

Griffith Demands Treasury Overhaul

Griffith says the Treasury must improve dynamic modelling to capture second- and third-order effects.
He cites tax-free shopping as a case where better modelling could reveal wealthy migrants’ attraction.
Griffith calls for hiring more staff with financial-analyst and quantitative-modelling expertise.
He proposes Treasury recruitment require mathematics or engineering degrees for higher financial literacy.
Griffith says stronger analytical capacity would let the Treasury engage more effectively with the OBR.

Summary

Sky COO Defends Farage

He earned Nigel Farage’s respect after defending him in the 2023 NatWest debanking row.
He served as chief operating officer at Sky.
He chaired Just Eat.
He calls his City-contact address book a “super-power” for economic insight.
He follows Institute of Economic Affairs pamphlets and backs the Looking for Growth free-market campaign.

History

Historical Context

In response to the 2008 financial crisis, the Cameron-Clegg coalition formally created the Office for Budget Responsibility in May 2010, after a shadow version was set up in December 2009. Chancellor George Osborne tasked it with independent fiscal forecasts for the June 2010 emergency budget. Its exclusion from the 2022 mini-budget contributed to the 49-day Truss premiership.

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Griffith Demands Treasury Overhaul

Griffith says the Treasury must improve dynamic modelling to capture second- and third-order effects.
He cites tax-free shopping as a case where better modelling could reveal wealthy migrants’ attraction.
Griffith calls for hiring more staff with financial-analyst and quantitative-modelling expertise.
He proposes Treasury recruitment require mathematics or engineering degrees for higher financial literacy.
Griffith says stronger analytical capacity would let the Treasury engage more effectively with the OBR.

1 / 3