Martin Weale

Who is Martin Weale?

Dr. Martin R. Weale CBE is a British economist. On 5 July 2010 it was announced that he would join the Bank of England's Monetary Policy Committee, replacing Kate Barker. Since 1995, he has also held the position of director at the National Institute of Economic and Social Research. He is an alumnus of Clare College, Cambridge, where he qualified for an MA in Economics, with first-class honours. He was made a Commander of the Most Excellent Order of the British Empire in 1999 for services to economics. He is a part-time professor at Queen Mary, University of London.

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."