Michael Spackman

Affiliated Consultant


Tel: +44 20 7659 8660
Fax: +44 20 7659 8501

Email: michael.spackman.affiliate@nera.com
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MSc in economics, Queen Mary, London University
MA in physics, Cambridge University


Mr. Spackman specializes in public sector appraisal and evaluation methodology, public expenditure management, safety and environmental regulation, and the economics of public-private partnerships and impact bonds. He has led work on private finance and other expenditure issues for HM Treasury and the UK National Audit Office; on risk assessment for the Health and Safety Executive; on many cost benefit analyses and other appraisal and evaluation applications for the UK Transport, Environment, and other Departments; and on railway safety for the European Commission. He has also undertaken projects on public expenditure management in transitional and developing economies for the EU, the Organisation for Economic Co-Operation and Development (OECD), the World Bank, and the UK Government. Mr. Spackman is a Visiting Senior Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. Before joining NERA, he was Undersecretary at HM Treasury, where he was responsible for the Public Expenditure Economics Group. Prior to that, he was Chief Economist at the UK Department of Transport.

Title Type Author
Government Time Discounting and Required Rates of Return: UK History and Current Issu... Published Article By Michael Spackman
The Development of Road and Rail Transport Safety Valuation in the United Kingdom Published Article By Michael Spackman with Michael Jones-Lee, Emeritus Professor at Newcastle University Business School
Government Discounting Controversies: Changing Prices, Opportunity Costs and Sytemati... White Paper By Michael Spackman
Government Discounting Controversies: The Valuation of Social Time Preference White Paper By Michael Spackman
Representing International Business Impacts in Transport Appraisal Report By Michael Spackman et al.
Cost Benefit Analysis of Options to Reduce the Risk of Fire and Rescue in Areas of Ne... Study By Michael Spackman with Stewart Carter and Stéphane Gros
Evaluating the New Dimension Programme Study By Michael Spackman et al.
Framework for Evaluation of the 2003 Air Transport White Paper Report By Michael Spackman et al.
Social Justice in Environmental Policy Report By Michael Spackman with former NERA Director John Dodgson, University of East Anglia Professors Robert Sugden and Graham Loomes, and Dr. Henry Rothstein of King’s College London
The Evaluation of Major Local Authority Transport Projects: a Guide for DfT Report By Michael Spackman with former NERA Consultant Simon Maunder, former NERA Director John Dodgson, MVA, and David Simmonds Consultancy