BoE’s Cunliffe sees more efficient UK firms in coming years

Sir John Cunliffe
Jon Cunliffe

Bank of England (BoE) deputy governor Jon Cunliffe offered an explanation for why the monetary policy committee (MPC) expects productivity growth to improve from 2016 onwards – citing the incentives for firms to become more efficient in the coming years.

Cunliffe, speaking in Luton on June 22, acknowledged productivity had been a "serial disappointment" in the past few years, but defended the MPC's forecast that "we will see a pickup in 2016 and 2017".

He outlined two types of productivity

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.