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<p>The government is committed to boosting productivity growth and narrowing the gap
with other leading advanced economies. In July 2015 the government published ‘Fixing
the Foundations: Creating a more prosperous nation’; a comprehensive plan that sets
the agenda to reverse the UK’s long-term productivity problem.</p><br /><p>The financial
services sector has a dual role in supporting UK productivity. As well as its own
productivity performance, it is critical for supporting the rest of the economy, allocating
resources and facilitating long term productive investment. In the latest remit letter
to the Financial Policy Committee of the Bank of England, the Chancellor highlighted
the importance of a stable financial system providing finance for productive investment.</p><br
/><p>To promote the provision of finance to support productive investment, it is important
that it can be measured accurately. The Bank of England, working with HM Treasury,
have initiated research to create a better measurement of ‘finance for productive
investment’ covering all asset classes and all stages of finance, with a view to publishing
the data on a regular basis.</p><br />
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