Gerard Lyons

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Gerard Patrick Lyons
Gerard Lyons at Policy Exchange's Future of the City conference.jpg
Lyons at a Policy Exchange conference, September 2014
FieldPolitical economy
International economics
Financial economics
School or
New Keynesian economics
Alma materUniversity of Liverpool (BSc)
University of Warwick (MA)
Queen Mary, University of London (PhD)

Gerard Lyons is a British economist.


He attended St Mary's Primary School in Kilburn and Cardinal Vaughan Memorial School in Holland Park, London. He studied at the University of Liverpool followed by a Masters in Economics at the University of Warwick. In 1985, he completed his PhD at Queen Mary, University of London.[1]

Personal life[edit]

Lyons belongs to an immigrant Irish Catholic family from Kilburn, North West London.[2][3]


Financial sector career[edit]

Lyons was an economist at Chase Manhattan Bank in the Europe Area Office from 1985 to 1986.[1][4][5][6] [7] From 1986 to 1989 he was the Chief UK Economist at Swiss Bank Corporation. From 1989 to 1999 he was Chief Economist and Executive Director at Dai-Ichi Kangyo Bank.[citation needed] From 1999-2012, Lyons was the Chief Economist and Group Head of Global Research at Standard Chartered Bank.[8]

Since 2014, he has been an economic advisor to Parker Fitzgerald, a financial consultant specializing in regulatory issues.[9]

Public sector career[edit]

In 1999, Lyons was a member of the ‘Commission on the £ Sterling’, established by the Leader of the Opposition William Hague. He and Ruth Lea wrote up the Commission's findings. He provided economic input to Prime Minister Gordon Brown’s first Business Council for Britain, 2007–08.

On 11 December 2012, the Mayor of London, Boris Johnson, announced that Lyons was to join his team as his Chief Economic Adviser.[10][11] During his first term, Lyons had been a member of Johnson's informal panel of economic and business advisers, speaking at a number of events at City Hall on London's global position during the term of the previous Mayor, Ken Livingstone.[12] He began the role a month later in January 2013 and left in April 2016, at the conclusion of the Mayor's term. While at City Hall Lyons championed the London living wage, co-chaired, with Munira Mirza, the London Strategic Migration Partnership Panel, represented the Mayor on the Board of CityUK and sat as a member of the GLA's Investment Performance Board[13] and gave testimony to the Commission's second report, in 2016.[14]

In 2010 and 2011, Lyons’ team was ranked as a top forecaster globally by Bloomberg. [15] [16] [17] [18] [19] Prior to this Lyons reinforced as forecaster with being one of two British economists predicting in August 2008, a month before Lehman Brothers collapsed, a deep imminent recession.[20] He anticipated a GDP fall of 1.6% for the third quarter of 2008 when the consensus predicted a rise of 0.9%.[21]

Because of his connection with Johnson, he has been mentioned as a possible outsider candidate for the position of Governor of the Bank of England [2][22]


  • The Consolations of Economics[23][24]
  • The EU Referendum: How to Make a Success of Leaving the European Union.[25]
  • Clean Brexit: How to Make a Success of Leaving the European Union (co-authored with the journalist Liam Halligan).[26]

EU Referendum[edit]

Previously a vocal opponent of the UK joining the Exchange Rate Mechanism and Euro currency, Lyons is an advocate of ‘Clean Brexit’. Lyons, co-founded Economists for Brexit to provide the economic case for leaving.[27][28] He publically criticised the use of the £350 million figure on the side of the Vote Leave bus,[29] and suggested that a net figure of £163 a week should have been used.[30]


  1. ^ a b "Gerard Lyons – Keynote Speaker Leading International Economist and Expert and Cofounder of 'Economists for Brexit'". Retrieved 4 November 2019.
  2. ^ a b "Alex Brummer: Sir John Kingman to replace Mark Carney as governor of the Bank of England?","",2 August 2019
  3. ^ Elliott, Larry (11 August 2019). "And the next Bank of England governor will be …". The Guardian. ISSN 0261-3077. Retrieved 4 November 2019.
  4. ^ "What makes Boris Johnson’s favourite economist tick?","",Aug 1st 2019
  5. ^ "Gerard Lyons – Managing Director, Bank of China","LSESU",
  6. ^ Jeremy Warner"Boris favourite Gerard Lyons on the Bank of England after Brexit: 'We must close the pessimism gap'","",8 August, 2019
  7. ^ Griffiths, Katharine. "Lyons to leave StanChart after 13 years". The Times. Retrieved 2 April 2019.
  8. ^ "Gerard Lyons","Chartwell Speakers",
  9. ^ "Our People – Senior Leadership". Parker Fitzgerald. Retrieved 2 April 2019.
  10. ^ Fleming, Sam (11 December 2012). "Boris Johnson hires City veteran Gerard Lyons to tackle emerging dilemma". The Times. Retrieved 3 June 2019.
  11. ^ "Top City economist appointed to direct Mayor's economic strategy". London City Hall. 11 December 2012. Retrieved 3 June 2019.
  12. ^ Goodway, Nick. "Lyons moves from City to City Hall to advise Boris". The Independent. Retrieved 2 April 2019.
  13. ^ Raising the capital (PDF) (Report). London Finance Commission.
  14. ^ Devolution: a capital idea (PDF) (Report). London Finance Commission. Retrieved 2 April 2019.
  15. ^ top forecaster (Report).
  16. ^ top forecaster (Report).
  17. ^ Jill Ward, Olivia Konotey-Ahulu. "Lyons as Carney Successor Could Mean Different BOE","",July 26, 2019
  18. ^ top forecaster (Report).
  19. ^ top forecaster (Report).
  20. ^ boris johnson snaps up lyons (Report).
  21. ^ gerard lyons interview (Report).
  22. ^ Cite error: The named reference guardian1 was invoked but never defined (see the help page).
  23. ^ Lyons, Gerard. "Gerard Lyons: the whole world is about to grow". The Telegraph. Retrieved 2 April 2019.
  24. ^ Lyons, Gerard. "Gerard Lyons: 10 rules for the new global economy". The Telegraph. Retrieved 2 April 2019.
  25. ^ Addington, Raleigh. "GERARD LYONS PUBLISHES NEW BOOK, THE UK REFERENDUM: AN EASY GUIDE TO LEAVING THE EU". Chartwell Speakers. Retrieved 2 April 2019.
  26. ^ "The best of a clutch of recent books on Brexit—from both sides". The Economist. Retrieved 2 April 2019.
  27. ^ "Gerard Lyons, Author at BrexitCentral". BrexitCentral. Retrieved 4 November 2019.
  28. ^ Corner, Speakers. "Gerard Lyons - Business Speakers | Speakers Corner". Retrieved 4 November 2019.
  29. ^ (30 May 2016). "Brexit economists reject £350m Vote Leave claim". Retrieved 4 November 2019.
  30. ^ "'Clumsy institutions', says Lyons". Production Engineer. 64 (7): 7. 1985. doi:10.1049/tpe.1985.0159. ISSN 0032-9851.

External links[edit]