Martin Weale

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Dr. Martin Robert Weale CBE (born 1955) is a British economist. He was educated at Highgate School and Clare College, Cambridge, where he qualified for an MA in Economics, with first-class honours, and was later a fellow from 1981-1995.[1][2] On 5 July 2010 it was announced that he would join the Bank of England's Monetary Policy Committee, replacing Kate Barker.[3]

Since 1995, he has also held the position of director at the National Institute of Economic and Social Research (NIESR).[3] He was made a Commander of the Most Excellent Order of the British Empire in 1999 for services to economics.[2] He is a part-time professor at Queen Mary, University of London.[4]

At NIESR, he has "written hundreds of studies and reports for a wide range of bodies and governments". His latest paper for the European commission argued that "Britain's long boom under Labour was based on unsustainable consumption", which proved unpopular with the party. His views are thought to be generally in line with coalition government's, saying, "the budget deficit has to be closed at some point ... You cannot put it off forever on the grounds that the economy might never be able to stand it."[5]


  1. ^ "WEALE, Martin Robert". Who's Who online Nov. 2014. A & C Black. Retrieved 27 August 2015. 
  2. ^ a b "Martin Weale". National Institute of Economic and Social Research. October 2009. Retrieved 5 July 2010. 
  3. ^ a b Hannon, Paul (5 July 2010). "Martin Weale Joins BOE's Monetary Policy Committee". Wall Street Journal. Retrieved 5 July 2010. 
  4. ^ "Martin Weale". School of Economics and Finance, Queen Mary, University of London. January 2012. Retrieved 18 February 2013. 
  5. ^ Inman, Phillip (5 July 2010). "Martin Weale joins Bank of England's monetary policy committee". The Guardian. Retrieved 5 July 2010.