May 31, 2025
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Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the bloc

Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England to control inflation.

In a speech in Dublin on Thursday, the Bank’s governor said a stronger relationship between London and Brussels could “minimise negative effects” of Brexit on trade.

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