Martin Weale
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"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 Master of Arts (Oxbridge and Dublin)/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 Party (UK)/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."

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The economy continues to grow at more or less its trend rate and there is no obvious reason for interest rates to change in the near future.

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Growth in some of our export markets has been quite good or at least improving. Certainly in the euro area there seems to be a bit more life than there was.

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