UK needs closer EU ties in multipolar world – BoE’s Bailey
Governor urges greater support for multilateral institutions to solve growing global imbalances
The UK should have a closer trading relationship with the European Union in an increasingly contested world dominated by the US and China, the Bank of England governor has said.
In a panel at the BoE’s Agenda for Research conference on May 8, Andrew Bailey said “preserving and underpinning the international multilateral structure is important… without it, the world gets a lot more difficult. It gets a lot more difficult for the UK”.
Seeking to rebuild trade relations with Europe is a sensible
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