THE TELEGRAPH: Bank chief to urge Chancellor to forge stronger post-Brexit relations after Trump victory
Britain must rebuild trade ties with Europe to help stem the economy’s long-term decline, the Bank of England Governor has told Rachel Reeves.
In a major intervention in the wake of Donald Trump’s US election victory, Andrew Bailey is urging the Chancellor to “welcome opportunities to rebuild” post-Brexit relations with the Continent as Ms Reeves orders regulators to focus on growth as part of plans to fire up the City.
Addressing an audience of bankers at the annual Mansion House dinner, Mr Bailey will say that the UK’s economic performance since the 2008 financial crisis is “not a good story”, warning that Brexit has had “consequences” for growth. » | Szu Ping Chan Economics Editor. Eir Nolsøe Senior Economics Reporter | Thursday, November 14, 2024
