Bank of England’s Monetary Policy Committee (MPC) member, Adam Posen, has warned that the UK is facing a Japan-style lost decade. Japan, which is the world’s second largest economy, endured a so-called “Lost Decade” in the 1990s, whereby economic expansion grinds to a halt. In a speech, Mr Posen warned that Britain’s dysfunctional banking system bears similarities [...]
MPC member warns of ‘lost decade’
