Mark Carney, the governor of the Bank Of England, has compared the UK economy to Jake Bugg (‘Lightning Bolt’).
Carney, who recently took on the position at the head of the bank, was speaking in Bugg’s hometown of Nottingham when he made the comparison with the singer-songwriter.
Speaking at an address of business leaders at the University of Nottingham, Carney said: “The UK is no more productive than it was back in 2005. And to put it in context, that was before Nottingham’s own Jake Bugg got his first guitar and since then, as you know, he’s had a Number One record and a string of very successful gigs. He’s become a lot more productive, and the critical question is how much more, and how quickly can productivity improve across the broader economy.”
Meanwhile, Bugg recently revealed that he could release his second studio album later this year. The teenager claimed in a recent interview that he had nearly finished recording the LP and that he was hopeful he could release it by the end of 2013.
Read the rest at NME.com