In 1967 a brainstorming weekend took place at The Bell, Aston Clinton.
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The Institute came into existence because four financiers - a banker and Conservative Party politician (Will Hopper), an investment trust manager (Bob Buist), a stockbroker (Nils Taube) and a tax consultant (John Chown) - were appalled at the way in which the 1965 Finance Act became law.
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He is also a research fellow of the Institute for Fiscal Studies, a research fellow of the Centre for Economic Policy Research and a member of the Institutions, Organizations and Growth Program of the Canadian Institute for Advanced Research.