Governor of the Bank of England calls for closer EU ties to counter ‘negative effects’ of Brexit
- The Governor of the Bank of England, Andrew Bailey, called for closer UK-EU ties to reduce Brexit's negative trade effects during a speech in Dublin in 2025.
- This call followed the 2023 Windsor Framework agreement, which amended the Northern Ireland Protocol to govern regional post-Brexit trade arrangements between the UK and EU.
- Recent government deals have eased UK tourists’ access to European passport e-gates and aligned veterinary and plant standards to help farmers trade more freely with the continent.
- Bailey stressed the importance of taking every possible measure to reduce adverse impacts on trade and noted that restoring the decline in UK-EU trade following Brexit would be advantageous for strengthening their relationship.
- The developments suggest ongoing efforts to restore and strengthen UK-EU economic and security cooperation to avoid long-term trade damage from Brexit decisions.
19 Articles
19 Articles
'UK must do all it can to minimise negative Brexit effects', says Bank of England Governor
It’s a stark message from one of the most senior financial authorities in the country. Andrew Bailey, the Governor of the Bank of England, has encouraged the UK government to go faster and further with its EU reset deal – in order to counteract the downsides of Brexit. ALSO READ: Nigel Farage jets off to Las Vegas bitcoin event during parliamentary recess Bank of England Governor encourages ‘further co-operation with EU’ The intervention came ea…
Bank of England Governor Andrew Bailey Talks Trade, Brexit - Bloomberg Talks
Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit. He welcomed the recent agreement with Brussels to reduce border checks on food, and rejoin the EU’s electricity market and emissions trading system in exchange for 12 years of access to UK fisheries, and called on officials to go further.The government…
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