A prominent financier who guided the United Kingdom through the 2008 financial crisis and now advocates for water industry reform has been appointed a Knight Grand Cross of the Order of the British Empire (GBE). Sir Jon Cunliffe has been recognised in the King's Birthday Honours list for his public service across a career that spans politics, economics and diplomacy. This honour represents the highest rank in many of the Orders of the British Empire.
Role in Water Sector Reform
Sir Jon appears on the list in his current role as chairman of the Independent Water Commission, which aims to drive essential reform in the struggling water sector in England and Wales. Privately owned water companies have faced increasing criticism over pollution, rising bills and executive bonuses. Last year, Sir Jon produced a review of the industry that set out broad recommendations for overhauling water regulation and blamed the government for failing to provide sufficient direction.
Career at the Bank of England
Before his water commission role, Sir Jon held a key position in the UK economy as deputy governor for financial stability at the Bank of England for a decade until 2023. During this time, he also served on the committee responsible for setting interest rates.
Previous Government Roles
Now 73 years old, Sir Jon previously held senior government positions as an adviser to former Prime Minister Gordon Brown between 2007 and 2011. This involved close collaboration with the PM during the depths of the financial crisis, providing counsel on European and international matters and participating in discussions at G8 and G20 summits. He has also worked at the Treasury and the Department of Transport, and studied at the University of Manchester. He was appointed a Companion of the Order of the Bath in the New Year Honours 2001 and made a Knight Bachelor in the New Year Honours 2010.
