The Bank of England's out-going chief economist has accepted an honorary professorship at the University of Manchester and Alliance Manchester Business School.

Andy Haldane is to step down from his role at the Bank of England in June after more than 30 years to join the Royal Society for Arts, Manufactures and Commerce (RSA) as chief executive in September.

During his time he served as a member on the Financial Policy Committee and Monetary Policy Committee.

Mr Haldane has also led the Government’s Industrial Strategy Council and in 2009 co-founded Pro Bono Economics, a charity dedicated to using economics to empower the social sector.

He said: "I am absolutely delighted to become an Honorary Professor at the University of Manchester and Alliance Manchester Business School.

"The University and Business School have an outstanding global reputation for their contribution to building skills and knowledge and driving innovation and research.

"These are essential ingredients if we are to build back better and I am looking forward to helping the university and AMBS play this crucial role."

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Professor Dame Nancy Rothwell added: "I have worked closely with Andy for a number of years on the Industrial Strategy Council, which he led superbly.

"I am delighted that he has accepted an honorary professorship with us at Alliance Manchester Business School."

Professor Fiona Devine said: "Having worked with Andy on the Bank of England’s Citizens’ panel, I know him to be a public intellectual committed to listening to people’s everyday concerns.

"As a business school focused on impact and engagement, I am very pleased Andy has agreed to join AMBS as an honorary professor."