Patrick Minford CBE has been Professor of Economics, Cardiff Business School, Cardiff University since October 1997. Between 1967 and 1976 he held economic positions in the Ministry of Finance, Malawi; Courtaulds Limited; H M Treasury; H M Treasury’s Delegation to Washington, DC; Manchester University; and The National Institute for Economic and Social Research. From 1976-1997, Patrick Minford was professor of economics at Liverpool University. He was a member of Monopolies and Mergers Commission 1990-96 and one of the HM Treasury’s Panel of Forecasters (‘Six Wise Men’) 1993-1996. He is author of many books and articles on exchange rates, unemployment, housing and macroeconomics.