Bank of England Governor urges UK to mend ties with EU, citing Brexit's harm to economy.

Bank of England Governor Andrew Bailey urges the UK to rebuild its relations with the EU while acknowledging that Brexit has negatively impacted the economy, particularly trade in goods. He emphasizes the need for economic growth and business investment in the UK, while respecting the Brexit outcome. Bailey also highlights broader economic challenges, including weak productivity growth and geopolitical shocks.

November 14, 2024
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