Bank of England chief backs Rachel Reeves's calls for closer EU ties

Bank of England chief backs Rachel Reeves's calls for closer EU ties

Andrew Bailey has backed Rachel Reeves's efforts to strengthen relations with the European Union, arguing that Britain “needs allies” to support economic growth.The Bank of England Governor made the remarks during the central bank’s annual Agenda for Research conference on Thursday.His remarks follow the Chancellor's warning that the Iran conflict is driving up prices and strengthening the case for reducing trade barriers with the EU, after she …