Spencer Dale

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Spencer Dale
Member of the Monetary Policy Committee
In office
July 2008 – May 2014
Governor Mervyn King (2003–2013)
Mark Carney (2013-2014)
Personal details
Born (1967-01-12) January 12, 1967 (age 48)
Alma mater University of Wales (University College Cardiff), University of Warwick
Profession Economist

Spencer Dale (born 12 January 1967) is a British economist, currently serving as group chief economist of BP. He manages BP's global economics team, providing economic input into the firm’s commercial decisions. BP’s economics team also produces the annual Statistical Review of World Energy and Global Energy Outlook. [1]

He was educated at the University of Wales (University College Cardiff), gaining BSc in Economics in 1988 and at the University of Warwick, gaining an MSc in Economics in 1989, whereupon he immediately joined the Bank of England. He was appointed to the position of Chief Economist on 1 July 2008.[2] He stopped being Chief Economist with effect from 1 June 2014, becoming the Bank's Executive Director for Financial Stability Strategy and Risk, moving from the Monetary Policy Committee to the Financial Policy Committee.[3] His children Ella and Tom, long to live up to the high economist example that Spence sets.

On 4 August 2014 it was announced that Spencer Dale would leave his post at the Bank of England in October 2014 to take up the position of Chief Economist at BP.[4]


  1. ^ BP website
  2. ^ Profile at the Bank of England
  3. ^ Mark Carney (17 March 2014). "Appointments to MPC and FPC" (PDF). Retrieved 30 March 2015. 
  4. ^ James Titcomb and Szu Ping Chan (4 August 2014). "Bank of England's Spencer Dale jumps ship to BP". Telegraph.