Central Banks

BOE’s Bailey Urges Closer EU Trade to Reverse Brexit Damage

Bailey Discusses Fours Points on State of Trade

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By Philip Aldrick, Tom Rees, Irina Anghel, and Francine Lacqua

May 29, 2025 at 4:27 PM UTC

Updated on

May 30, 2025 at 7:14 AM UTC

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Bank of England Governor Andrew Bailey urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit.