Professor David Miles joined the Monetary Policy Committee at the Bank of England in June 2009. He is also a Professor at Imperial College, London where he was formerly head of the Financial Economics department. As an economist he has focused on the interaction between financial markets and the wider economy. He was Chief UK Economist at Morgan Stanley from October 2004 to May 2009.
He has been a specialist economic advisor to the Treasury Select Committee. In Budget 2003, the Chancellor commissioned Professor Miles to lead a review of the UK mortgage market. The result, published at Budget 2004, was the report: "The UK mortgage market: taking a longer-term view". He is a council member of the Royal Economic Society, a research fellow of the Centre for Economic Policy Research and at the CESIFO research institute in Munich. He is a former editor of "Fiscal Studies". He was re-appointed by the Chancellor of the Exchequer for a second term on the MPC in February 2012 . His second term will run until May 2015.