On this week’s episode of the Governance Podcast, Dr. Steven Klein interviews Prof. Martin Weale from the Department of Political Economy at King’s College London. This episode is titled “UK Pensions Crisis and Central Banking”. This episode discusses the pension funds sell-off that occurred following the UK government’s mini-budget in early October 2022 and which led to the Bank of England’s intervention.
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Martin Weale is Professor of Economics at King’s Busines School. Martin graduated in 1977 in Economics from Clare College, Cambridge. On graduating he took up an Overseas Development Institute Fellowship at the National Statistics Office in Malawi. He returned to Cambridge in 1979 to work on economic modelling projects directed by Sir Richard Stone and Professor James Meade, before becoming an Assistant Lecturer in 1987 and subsequently a Lecturer in the Faculty of Economics and Politics. He was elected a Fellow of Clare College in 1981.
Martin is an applied economist with an interest in macro-economic and micro-economic problems. Recent work includes exploring the effects of the Bank of England’s asset purchase programme and an exploration of the relationship between the education of parents and that of their children. In 2016 he joined the Office for National Statistics Panel of Economics Experts and he is currently developing work on democratic measures of economic performance.