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Scoop.it!
Andrew Bailey says pandemic, climate change and Brexit may act to end low investment and spur productivity growth 
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Scoop.it!
Government and business have borne the bulk of the pain until now, but that is about to change
Graham Watson's insight:
Larry Elliott wonders why the coronavirus recession hasn't yet cast a pall over the UK economy in the same way that the 1980s recession did.
However, he's also clear that he believes that the worst is yet to come, and that in the next few months we're going to see a sharp rise in unemployment, and that other structural changes to the economy will mean that recovery isn't going to be straightforward, or as quick as many would like.
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It seems that the Governor of the Bank of England has found a cupboard full of straws to clutch at, in arguing that perhaps the Covid-crisis might actually help tackle some of the economy's underlying structural problems, fostering an increase in investment and sparking productivity gains.
It's an interesting hypothesis and it will be worth keeping an eye on this - although I'm not convinced, and I'd love to know exactly how he came to these conclusions.