Next month two of its members, Mr Buiter and Charles Goodhart, will be replaced by Steve Nickell, a professor at the London School of Economics, and Christopher Allsopp, an Oxford don.

ECONOMIST: The economy

But earlier, the same committee had been told by a Budget expert - Steve Nickell of the Office for Budgetary Responsibility (OBR) - that the chancellor's scheme would push up house prices and generate only a "bit" more house-building.

BBC: George Osborne criticises handling of Cyprus bailout