Bank of England's Broadbent: Oil price drop good for UK
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Bank of England: Oil price fall 'good' for UK economy

The fall in oil prices has been a "net good" for the economy, Bank of England deputy governor Ben Broadbent has said.

He told BBC Radio 5live's Wake Up To Money that falling oil prices had helped to push up wages in real terms.

Speaking about the longer-term decline in prices, Mr Broadbent said: "I think it's a net good."

  • 05 Feb 2016