Bank of England boss to say UK must 'rebuild relations' after Brexit

Published On Nov 14, 2024, 1:03 PM

Andrew Bailey, the governor of the Bank of England, emphasized the need for the UK to rebuild post-Brexit relations with the EU in a recent speech. He noted that Brexit has negatively impacted trade, particularly in goods, and has contributed to the UK's weakened economic performance. Bailey also urged a focus on potential opportunities for growth, while acknowledging geopolitical challenges. Alongside these comments, Chancellor Rachel Reeves announced plans to reform the UK's pension system to encourage investment and growth, highlighting the need for a financial strategy that promotes sustainable investments and better regulation to foster economic growth.