British banks have almost recovered from the crisis — and it could end the UK’s lost decade of productivity growth
|01/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Bank of England’s Tenreyro says that the UK’s productivity growth is set to increase in the coming years.
- 10 years since the financial crisis, Tenreyro believes that the UK’s banks are returning to normal and this will help boost productivity.
- “The post-crisis productivity drag from finance should disappear as deleveraging runs its course,” Tenreyro said in a lecture at Queen Mary, University of London.
LONDON — Silvana Tenreyro, a member of the Bank of England’s crucial Monetary Policy Committee has sounded an upbeat tone on Britain’s sclerotic productivity growth, saying that the UK can improve its output by placing itself at the “technological read more >>>