Boe’s Bailey warns the productivity of difficulty for UK Reeves

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The British Governor of England, the official financial forecast of the Britain, has been very optimistic about the prospects for solving a critical assumption of a critical assumption of the state financing.

Andrew Bailey said that after the financial crisis of the office for budget liability, but the Boe was “doubt.”

“If you thought I would call the story of the OBR, I think that you will say that this impact will be worn out,” Bailey said the Lords Committee panel. “I’m a little doubt about it.”

The words of the governor will add higher productivity in driving, adding a higher productivity to the financial account of the OBR to the concerns about the forecasts of the CRITICAL factor. Ob in Ob Outlooduk, the alternative warned the main financial goal of the Urban government’s main financial goal, the main financial goal was to miss the missing end of decade.

After the financial crisis, the OBB’s potential increase in potential productivity believed to become its previous rate. However, it was forced to return these estimates, because the information disappointed, the average term productivity reduces an increase assumption from about 2.2 percent to 1.25 percent.

Its final outlook remains more positive than the worldview of many other predictions, spark hypothesis The Chancellor Rachel Reeves can be downloaded by a large OBR in autumn, can be shot by a large OBR that requires other measures to close tax ups or shortcomings.

“They have a little more increase in productivity in the example of material and crisis,” he said. The Lords Chamber of Economic Affairs refused to comment on OBR.

Governor pointing to artificial intelligence as the most likely candidate, the main technological developments will be required to increase the increase in higher productivity, he said.

However, he said that such innovations took a long time to appear in the true productivity information. “We all have experience with AI right now,” he said.

Bailey, the financial pressure of a number of three keys “Title” – the financial pressure of an elderly population, the value of the post-Cold War, forced the cost of adapting to climate change, the expenses of the country.

He was talking as leaders Collect for the NATO summit Which President Donald Trump requires allies to raise defense costs to 5 percent of GDP.

“I think it’s important – and I don’t want to preach about it – all this means the results of this and what it means for the evolution of evolution and public debt,” Bailey said.

Anxiety has risen in global bond markets in connection with the sustainability of the debt of debt cargo, since a record combination of a record combination of a record of a record compound, along with the expected massive sovereign debt in the fields of Pandemia, Pandemia, OECD this year.

Debt interest expenses are the highest level of economic output and is expected to be added to the pressure of defense costs and other recent financial stimulants.

Bailey, taking into account the pre-financial uncertainty, in advance for the existing budget for five years before the market, questioned. OBR, in March, Reeves said that it will reach a total of £ 10 billion with the main rule for the current budget balance.

“There is a threat to commenting on a five-year forecast,” he said.

The governor added that the Boe had decided to reduce the balance sheet of balance by quantitative fastening in the short term, decided on bond sales in September.

Bailey said it would take into account the reduction in bond prices in the turbulent conditions in global markets.

“It will be more interesting this year, because the income curve stretched enough,” Bailey stressed that it was seen in all major economies and was not managed by the QT. “This is a little new area.”