UK economy output '16% below trend'

Press Association
Speculation over interest rate rise
Speculation over interest rate rise

%VIRTUAL-SkimlinksPromo%Productivity in the UK economy remains 16% below where it should be despite the recovery, the Bank of England has said.

The key measure could have an important influence on the path of future interest rates while its weakness has been described by the International Monetary Fund (IMF) as a major risk to growth.