BoE's Broadbent examines UK economic growth conundrum
Ben Broadbent, an external member of the Bank of England's Monetary Policy Committee (MPC), used a speech on Friday at the London School of Economics to address two questions relevant to the current debate over the economic recovery: why have real wages declined and should we expect them to pick up? And does the composition of growth today tell us anything about growth in the future?
Concerns about the absence of growth in the UK economy have been replaced with worries about the composition of
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