Martin Weale
Encyclopedia
Dr. Martin R. Weale CBE
(born 1955) 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 (NIESR). 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 British Empire in 1999 for services to economics.
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."
CBE
CBE and C.B.E. are abbreviations for "Commander of the Order of the British Empire", a grade in the Order of the British Empire.Other uses include:* Chemical and Biochemical Engineering...
(born 1955) is a British economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. On 5 July 2010 it was announced that he would join the Bank of England
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, it is the second oldest central bank in the world...
's Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
, replacing Kate Barker
Kate Barker
Kate Barker CBE is a British economist.Barker grew up in Stoke-on-Trent. She received a degree in Philosophy, Politics and Economics at St Hilda's College, Oxford in 1979 and worked for a large pension fund in London...
. Since 1995, he has also held the position of director at the National Institute of Economic and Social Research (NIESR). He is an alumnus
Alumnus
An alumnus , according to the American Heritage Dictionary, is "a graduate of a school, college, or university." An alumnus can also be a former member, employee, contributor or inmate as well as a former student. In addition, an alumna is "a female graduate or former student of a school, college,...
of Clare College, Cambridge
Clare College, Cambridge
Clare College is a constituent college of the University of Cambridge in Cambridge, England.The college was founded in 1326, making it the second-oldest surviving college of the University after Peterhouse. Clare is famous for its chapel choir and for its gardens on "the Backs"...
, where he qualified for an MA in Economics, with first-class honours. He was made a Commander of the British Empire in 1999 for services to economics.
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
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
argued that "Britain's long boom under Labour
Labour Party (UK)
The Labour Party is a centre-left democratic socialist party in the United Kingdom. It surpassed the Liberal Party in general elections during the early 1920s, forming minority governments under Ramsay MacDonald in 1924 and 1929-1931. The party was in a wartime coalition from 1940 to 1945, after...
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."