Bank of England boss touts benefits of free trade

The Governor of the Bank of England warns of the "weight" of Brexit on the economy
Data indicates a 27% drop in exports and a 32% decrease in imports from the EU between 2021 and 2023. Andrew Bailey, Governor of the Bank of England, has dared to state what no British politician seems willing to say: "Brexit has weighed on the British economy.
Bank of England boss blames Brexit for struggling UK economy under Labour
The Bank of England Governor's remarks are in contrast with those of Reform UK's Nigel Farage, who sees Donald Trump's White House win as a chance to cement transatlantic trade links.
Bank of England boss touts benefits of free trade as Trump tariffs loom
Andrew Bailey issued a plea for the continued importance of free trade and openness in an environment of increasing economic fragmentation.
Brexit has 'weighed' on economy and UK 'must rebuild relations' with EU - Bank of England governor
Sir Keir Stamer has vowed a reset with the EU, but he is under pressure to explain what that could look like. And now Andrew Bailey has suggested closer ties would make economic sense.
UK must rebuild post-Brexit relations with EU, says Bank boss
The UK must "rebuild relations" with the EU "while respecting the decision of the British people" who voted to leave in 2016, the Bank of England's governor has said. Andrew Bailey's Mansion House speech to investors marked some of his strongest comments yet on Brexit,
UK must keep trade open and EU close in fragmenting world, Bank of England's Bailey says
Britain should stand up for free trade and rebuild ties with the European Union as the global economy fragments, Bank of England Governor Andrew Bailey said in a speech on Thursday that cast an eye towards Donald Trump's White House return.
Bank of England urges importance of openness to boost EU relations
Bank of England chief Andrew Bailey urges importance of openness to boost EU relations. The Bank of England governor has called for the 'rebuilding' of ties with the EU as he warned of global trade risks after Donald Trump 's bombshell election win.
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UK must forge closer ties with Europe to stem decline, says Bank of England chief
the Bank of England Governor has told Rachel Reeves. Andrew Bailey will urge the Chancellor to “welcome opportunities ...
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'Tariffs can fracture the global economy': Bank of England governor warns against trade barriers after Trump win
The Governor of the Bank of England has warned that trade tariffs proposed by Donald Trump could cause a "fracturing" of the ...
Bank of England cuts interest rates to 4.75%, in second reduction this year
Chancellor Rachel Reeves welcomes the cut, but says she is "under no illusion about the scale of the challenge facing ...
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Bank of England boss Andrew Bailey warns Rachel Reeves' tax-and-spend Labour Budget will increase inflation and it may not come down again for two years
Rachel Reeves' tax-raising Budget will increase inflation, the governor of the Bank of England warned last night, raising fresh fears for the UK's economic recovery. Andrew Bailey said the ...
Trump tariffs loom over Bank of England's best-laid rate cut plans
Bank of England Governor Andrew Bailey stuck to his script outlining gradual interest rate cuts on Thursday, but Donald Trump ...
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Bank of England cuts rates but sees higher inflation after Reeves' budget
Bank of England Governor Andrew Bailey said "we can't cut interest rates too quickly or by too much" but added: "If ...
Interest rates must not be cut 'too quickly', says Bank of England chief
Andrew Bailey has cautioned that policymakers must avoid cutting interest rates “too quickly or by too much,” following the BoE's decision to reduce its key rate to 4.75% by a majority vote of 8-1.