The Lord Griffiths of Fforestfach
|Director of the Number 10 Policy Unit|
|Prime Minister||Margaret Thatcher|
|Preceded by||John Redwood|
|Succeeded by||Sarah Hogg|
|Member of the House of Lords|
|Assumed office |
5 February 1991
|Born||27 December 1941|
|Education||Dynevor School, Swansea|
London School of Economics
Brian Griffiths, Baron Griffiths of Fforestfach (born 27 December 1941), is a British Economist, Lecturer, and Conservative life peer.
Brian Griffiths was born on 27 December 1941. He was educated Dynevor School, Swansea, and the London School of Economics.
Griffiths became Professor of Banking and International Finance at City University in 1977. In 1986, while Dean of the Business School, he resigned his chair to become Margaret Thatcher's chief policy adviser. He remained Director of the Number 10 Policy Unit for the remainder of Thatcher's term as Prime Minister.
He was created a life peer as Baron Griffiths, of Fforestfach in the County of West Glamorgan on 5 February 1991.
Griffiths has written and lectured on the relationship of the Christian faith to politics and business. He taught at Regent College on biblical economics in 1979, and wrote The Creation of Wealth: A Christian's Case for Capitalism in 1984. He has been influenced in this area by Rousas J. Rushdoony. Griffiths is a fellow of Sarum College and delivered the 2011 Niblett Memorial Lecture there on "A Christian Reflection on the Financial Crisis".
Griffiths was Chairman of the Centre for Policy Studies from 1991 to 2001. He served on the Board of Directors of the Conservative Christian Fellowship from 2000 to 2002. He was a member of the European Union Sub-Committee F (Social Affairs, Education and Home Affairs) from 1999 to 2003 and the Religious Offences Committee from 2002 to 2003. He is a vice-president of the Nature in Art Trust.
He serves as vice-chairman of Goldman Sachs International. He said he was "not ashamed" of the bank's compensation plans. He also said the issue of banking compensation should not be thought about solely from a short-term perspective. He defended the bank's bonuses, Griffiths said the general public should "tolerate the inequality as a way to achieve greater prosperity for all", saying also that "we should not ... be ashamed of offering compensation in an internationally competitive market which ensures the bank businesses here and employs British people".