Bank of England Chief Urges UK to Rebuild EU Relations Post-Brexit
Bank of England Governor Andrew Bailey called for rebuilding UK-EU ties, highlighting weaker trade since Brexit. In his Mansion House speech, Bailey stressed respecting the 2016 referendum while addressing trade barriers, especially in goods. Chancellor Rachel Reeves echoed the need for a closer EU relationship without reversing Brexit. Both emphasized economic growth amid challenges like global fragmentation and a fragmented UK pension system needing urgent reform.
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