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UK must rebuild post-Brexit relations with EU, says Bank of England boss

14 November 2024
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UK must rebuild post-Brexit relations with EU, says Bank of England boss
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The Bank of England’s governor, Andrew Bailey, emphasized the importance of rebuilding relations with the EU post-Brexit while acknowledging the economic consequences of the decision. The UK economy has been negatively impacted, particularly in goods trade, and faces challenges from geopolitical shocks and global economic fragmentation. Chancellor Rachel Reeves echoed the need to reset the UK’s relationship with the EU and outlined plans to reform the pension system to spur growth. Bailey also highlighted the UK’s struggling productivity and fragmented pension system as areas needing attention for economic improvement.

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