UK must 'do everything' to rebuild trade with EU, says Bank boss

Quick Summary:

Andrew Bailey told the BBC that as a public official he did not take a view on Brexit, but that reversing the post Brexit hit to UK-EU trade would be "beneficial".

Having a more open economy to trade with the European Union.

It is the biggest lender so far to offer cheaper deals as the Bank of England is forecast to make more interest rate cuts this year.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Trade Relationship Rates Governor England Brexit Deals Important Bailey Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 23:13:26 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28501272

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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