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.
Published on 20 March 2012
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release