Martin Robert Weale (born 4 December 1955) is a British

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. He was educated at

Highgate School Highgate School, formally Sir Roger Cholmeley's School at Highgate, is an English co-educational, fee-charging, independent day school, founded in 1565 in Highgate, London, England. It educates over 1,400 pupils in three sections – Highgat ...

and

Clare College, Cambridge Clare College is a constituent college of the University of Cambridge in Cambridge, England. The college was founded in 1326 as University Hall, making it the second-oldest surviving college of the University after Peterhouse. It was refound ...

, where he qualified for an MA in Economics, with first-class honours, and was later a fellow from 1981 to 1995. On 5 July 2010 it was announced that he would join the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government o ...

Monetary Policy Committee Monetary Policy Committee (MPC) may refer to: * Monetary Policy Committee (India) The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least fo ...

, replacing

Kate Barker Dame Katharine Mary Barker (born 1957) is a British economist. She is principally noted for her role at the Bank of England and for advising the British government on social issues such as housing and health care. Early career Barker grew ...

. He was in turn replaced by Michael Saunders, attending his last meeting in July 2016. Since 1995, he has also held the position of director at the

National Institute of Economic and Social Research The National Institute of Economic and Social Research (NIESR), established in 1938, is Britain's oldest independent economic research institute. The institute is a London-based independent UK registered charity that carries out academic researc ...

(NIESR). He was made a

Commander of the Most Excellent Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...

(CBE) in 1999 for services to economics after contributing to a report for the Treasury and the Bank of England into the Average Earnings Index. As of 2010 he was a part-time professor at

Queen Mary, University of London , mottoeng = With united powers , established = 1785 – The London Hospital Medical College1843 – St Bartholomew's Hospital Medical College1882 – Westfield College1887 – East London College/Queen Mary College , type = Public researc ...

. At NIESR, he has "written hundreds of studies and reports for a wide range of bodies and governments". A 2010 paper for the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

argued that "Britain's long boom under Labour was based on unsustainable consumption" and that "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." Since leaving the Monetary Policy Committee he has become Professor of Economics at King's College London, where he lectures on macroeconomic policy. He has joined the panel of expert economists at the Office for National Statistics and is an associate of the Centre for Macroeconomics at the London School of Economics. He was a founding trustee of Alzheimer's Research UK (formally Alzheimer's Research Trust). His current non-academic activities include membership of the board of trustees of the Kennedy Memorial Trust.

References

Living people 1955 births British economists People educated at Highgate School Alumni of Clare College, Cambridge Fellows of Clare College, Cambridge Commanders of the Order of the British Empire Monetary Policy Committee members {{UK-economist-stub