The Bank of England’s Ben Broadbent has apologised for describing the UK economy as entering a “menopausal phase”.
The deputy governor said in a statement that he made the remark during an interview with the Telegraph, while “explaining the meaning of the word “climacteric”, a term used by economic historians to describe a period of low productivity growth during the nineteenth century”.
“I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offen
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