BOE’s Bailey Dismisses Claims Brexit Tightened Jobs Market
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Bank of England Governor Andrew Bailey dismissed claims by economists that Britain leaving the European Union has helped to fuel sticky inflation by worsening widespread worker shortages.
“I don’t think Brexit is a part of that labor market story,” he said on Wednesday on a panel at the European Central Bank Forum on Central Banking in Sintra, Portugal. “A lot of it, more of it is actually to do with, frankly, the response to Covid.”