BoE unearths new evidence on UK productivity puzzle

Bank of England governor Mark Carney
Mark Carney, BoE governor

The Bank of England (BoE) today (May 13) unveiled new analysis of the factors underpinning the moribund productivity growth in the UK since the 2008 financial crisis.

Presenting the central bank's latest inflation report, governor Mark Carney said predicting the path of productivity "remains our most difficult judgement". Research conducted by BoE economists over the past three months suggests "compositional" factors may be at play.

According to their findings, much of the UK's recent fall in un

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