BoE's Nickell says spare capacity in UK lower
"Overall, my impression is that the amount of spare capacity in the UK available in 2004, and indeed today, is slightly greater than in 1999-2000, not very different from that in 2001-03 and slightly less than in 1995-98," Nickell said in an academic paper published on the BoE's website.
"This suggests more spare
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