UK must keep trade open and EU close in fragmenting world, Bank of England’s Bailey says
- Bailey emphasized that open trade is essential for improving Britain's weak investment and productivity growth, alongside unlocking capital from businesses and pension funds, as planned by Rachel Reeves.
- Brexit has negatively affected Britain's trade flows, reducing the economy's productive capacity, according to Bailey.
- Bailey noted that while Britain faces economic challenges, the US has a 'better story to tell' regarding growth and that geopolitical shocks complicate the economic landscape.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right4Center4Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
37% Center
L 27%
C 37%
R 36%
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