He was appointed Commander of the Order of the British Empire (CBE) in 2000 for services to economics and economic policy and was knighted in the 2013 Birthday Honours, again for services to economics and economic policy.
In February 2012 it was announced that Angiolini would become Principal of St Hugh's College, Oxford in September 2012, replacing Andrew Dilnot.
Andrew Dilnot, chairman of UKSA, found that the figure appears to "conflate" new and old claims.
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