First time in 150 years! British Central Bank President Carney: we are trapped "lost decade"

The Daily Telegraph reports that United Kingdom Bank (BOE) Carney, President (Mark Carney) on Monday (6th), said in a speech, United Kingdom in after 150 years of high economic growth, estimated the current United Kingdom are long over the "lost decade" of the shadow.

Carney noted that the United Kingdom in the aftermath of the 2008 global financial tsunami, United Kingdom economic recovery is quite slow, and in the last ten years, United Kingdom's real income is already in a "zero-growth" departments.

Especially in recent years United Kingdom High House prices, Carney said that apart from the actual revenue growth stagnated, United Kingdom current serious social inequalities in status, it is worrisome.

According to United Kingdom House of Commons (House of Commons of the United Kingdom) in November end of released of a copies research report displayed, statistics to 2015 weizhi, United Kingdom deduction housing cost zhihou of base Nepal coefficient close 35% line, but in meter into housing cost zhihou, United Kingdom base Nepal coefficient that expanded climbed to near 40%, displayed United Kingdom prices high Zhang, that is caused social serious wealth not are of main factors.

Carney says, most deep inequality, is the current young generation, because in the past decade, in fact, young people's real income and wealth accumulation, are continuing to decline, Carney, with respect, current social dilemmas are not "salary accounts for unequal distribution", but rather "salaries don't grow", is the root cause of the most worrying.

Carney referred to, judging from the recent United Kingdom exit to Italy a referendum on constitutional reform, and again by populist leaders, far-right political party "national front" rise of the show was the last great era of globalization did not make benefit the middle class in society, and globalization on these people, does not feel any benefits offered by globalization.

Economists have always in the past that, in the context of globalization under the stimulus, will be able to advance the global economy entered the so-called "golden age", but this "golden age" for the general public, only for General people sluggish wage growth, employment anxiety, increased, increased social inequality, such as status of transnational corporations.

Carney said at the hearing, manufacturing high growth in emerging markets, intense competition, automation and production under pressure, the Government should in the aspects of monetary policy, fiscal policy, structural reforms, and balance adjustments were made in order to further promote solid economic growth, reduce inequality. When it comes to United Kingdom Central Bank monetary policy intentions for the future, Kearney believes that United Kingdom banks imposed interest rates, has indeed pushed to United Kingdom inflation expectations, in order to prevent the United Kingdom inflation expectations become too rapid, Carney estimated that United Kingdom's Central Bank should raise interest rates 1%, to prevent inflation expectations get out of control.