Rebalancing the supply side of the UK economy: what; how; and issues for monetary policy

Changes are required in the pattern of UK spending, but such changes cannot be enough on their own, Dale insists. The types of goods and services that the UK produces must also shift, in order to match the re-orientation of demand. And it is this supply-side leg of rebalancing that he fears may prove “more difficult and potentially more disruptive” for the economy.

Press release