Bank of England governor compares UK economy to Jake Bugg – watch

Mark Carney hopes economy can become as productive as singer-songwriter

Mark Carney, the governor of the Bank Of England, has compared the UK economy to Jake Bugg.

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. Scroll down to watch a video of the speech now.

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.

Jake Bugg will tour the UK in October. He will play:

Bournemouth BIC (October 19)
Plymouth Pavilions (20)
Brighton Centre (22)
London Brixton O2 Academy (23)
Swindon Oasis (27)
Birmingham O2 Academy (28)
Glasgow O2 Academy (31)
Doncaster Dome (November 2)
Manchester O2 Apollo (6)
Doncaster Dome (9)
Birmingham O2 Academy (10)
Blackpool Empress Ballroom (12)
Manchester O2 Apollo (13)

To check the availability of Jake Bugg tickets and get all the latest listings, go to NME.COM/TICKETS now, or call 0871 230 1094.