Mark Carney: we must tackle isolation and detachment caused by globalisation

Bank of England governor urges policymakers to do more to share out the gains from global trade and technology

The governor of the Bank of England has issued a rallying cry to policymakers across advanced economies to tackle the causes of a growing sense of “isolation and detachment” among people who feel left behind by globalisation.

Warning that the UK was suffering its “first lost decade since the 1860s”, Mark Carney said that one of the reasons for the Brexit vote was a sense among people that they had lost control of their futures.

Related: Mark Carney: European economies face hit if cut off from City of London

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UK service sector recovers after Brexit dip but inflation looms

Markit forecasts economy will grow by 0.5% in final quarter as Barclaycard finds consumer spending is still rising

The UK economy is on course for a solid finish to the year after activity in the services sector picked up and consumer spending continued to rise last month. But there were fresh signs of concern about inflation as the weak pound raises the cost of fuel and other imports.

A closely watched survey of firms in Britain’s dominant services sector, which spans banking to hotels, showed they enjoyed the fastest growth since January as they continued to recover from a short, sharp downturn following the Brexit vote. The Markit/CIPS UK services PMI [pdf] report chimed with other indicators suggesting businesses and consumers have shrugged off the referendum result for now.

Related: Consumer and business confidence tumbles in November, surveys find

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