Britain on way to long-term decline without EU, warns Bank
4 months, 2 weeks ago

Britain on way to long-term decline without EU, warns Bank

The Telegraph  

Britain must rebuild trade ties with Europe to help stem the economy’s long-term decline, the Bank of England Governor has told Rachel Reeves. The Chancellor echoed Mr Bailey’s remarks, as she renewed Government calls for a “reset” with the European Union after blaming Brexit for some of the UK’s economic woes. She said: “We will not be reversing Brexit or re-entering the single market or customs union, but we must reset our relationship.” The Chancellor also issued a thinly veiled rebuke to Mr Trump’s call for more tariffs, as she called for “free and open” trade to boost the economy. She also singled out the US as Britain’s “single most important destination for financial services trade.” Meanwhile, Mr Bailey also suggested Mr Trump’s return to the White House and broader geopolitical tensions threaten free trade, identifying closer trade ties with Europe as an area for future growth. Signalling Brexit has stunted the UK’s growth potential, Mr Bailey said: “The changing trading relationship with the EU has weighed on the level of potential supply.” “The impact on trade seems to be more in goods than services, that is not particularly surprising to my mind.

Europe Trade Brexit Bank Britain Bailey Mr Bailey  ties  trade  europe  brexit  bailey  bank  rebuild  way  longterm  chancellor  uks  warns  britain  eu  mr  trumps  decline

History of this topic

Britain 'is on the brink of becoming a "second-tier" European nation like Spain due to economic decline and a weak military that makes us no use to our allies'
2 weeks, 5 days ago

Britain 'is on the brink of becoming a "second-tier" European nation like Spain due to economic decline and a weak military that makes us no use to our allies'

Daily Mail  

Britain is on course to becoming a 'second tier' European nation like Spain or Italy due to economic decline and a weak military that undermines its usefulness to allies, an expert has warned. People pass boarded up shops on March 20, 2024 in Hastings, England A British soldier reloads his rifle on February 17, 2025 in Smardan, Romania Staff Sergeant …

Reeves ‘happy to look at’ UK joining pan-European trade area
2 months ago

Reeves ‘happy to look at’ UK joining pan-European trade area

The Independent  

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UK wants closer ties with EU: Minister
3 months, 3 weeks ago

UK wants closer ties with EU: Minister

China Daily  

Britain's Chancellor of the Exchequer Rachel Reeves and Eurogroup President Paschal Donohoe hold a press conference after the Eurozone finance ministers meeting, in Brussels, Belgium, Dec 9, 2024. The United Kingdom's Chancellor of the Exchequer Rachel Reeves has told her European Union counterparts her country now wants closer ties with the bloc it left five years ago. At the meeting, …

Spain warns Britain will have to give into EU demands for greater fishing access and freedom of movement - in exchange for closer trading ties with the bloc
3 months, 3 weeks ago

Spain warns Britain will have to give into EU demands for greater fishing access and freedom of movement - in exchange for closer trading ties with the bloc

Daily Mail  

Britain will have to cave into EU demands for greater fishing access and freedom of movement in exchange for closer trading ties, Rachel Reeves was warned yesterday. During a visit to Brussels, the Chancellor was told that greater access to UK waters for EU trawlers and a youth mobility scheme will be ‘on the table’ in future talks. Rachel Reeves …

Reeves must move beyond honeyed words to improve relations with the EU
3 months, 3 weeks ago

Reeves must move beyond honeyed words to improve relations with the EU

The Independent  

Closer relations between the UK and the European Union will boost economic growth, said chancellor Rachel Reeves, kicking off her visit with EU finance chiefs, today. But there’s a problem with the Labour government continually talking about its desire for a “reset” with Europe after the chaos, controversy, pettiness and hostility that characterised the various Conservative administrations that preceded it. …

Reeves pushes for closer trade ties with EU in Brussels talks
Trending News
3 months, 3 weeks ago

Reeves pushes for closer trade ties with EU in Brussels talks

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. “But what I …

Reeves urged to reverse Brexit damage in crunch Brussels talks
3 months, 3 weeks ago

Reeves urged to reverse Brexit damage in crunch Brussels talks

The Independent  

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Rachel Reeves banks on fixing Brexit to achieve pledged economic growth
Trending News
3 months, 3 weeks ago

Rachel Reeves banks on fixing Brexit to achieve pledged economic growth

The Independent  

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We’d side with EU against Trump in trade war, suggests Cabinet minister
4 months, 2 weeks ago

We’d side with EU against Trump in trade war, suggests Cabinet minister

The Telegraph  

Addressing the House of Lords International Agreements Committee on Monday, Mr Reynolds said: “To state the obvious, tariffs on UK goods entering the US would be a difficult thing for us to have to contend with. “But compared to the EU with over £800bn of bilateral trade, clearly if there are things that we are offered or asked to do …

It’s time Britain got real – the only way is Europe
4 months, 2 weeks ago

It’s time Britain got real – the only way is Europe

The Independent  

The chancellor’s response to the latest miserable economic growth figures was peevish to the point of bizarre. Sounding like a mum who’s been told her children have just flunked their mock exams, this trained economist declared: “I am not satisfied with these numbers.” If a chancellor’s mere disfavour was sufficient to boost growth, then all our problems would soon be …

Step up Brexit reset or European allies will lose patience, Starmer warned
4 months, 2 weeks ago

Step up Brexit reset or European allies will lose patience, Starmer warned

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a speech …

Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win
4 months, 2 weeks ago

Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win

Daily Mail  

The Bank of England governor has called for the 'rebuilding' of ties with the EU as he warned of global trade risks after Donald Trump's bombshell election win. Andrew Bailey insisted the 'consequences' of Brexit could not be ignored as he bemoaned the economy's lacklustre performance since the 2008 Credit Crunch. Amid fears over Mr Trump's vow to impose a …

UK must rebuild EU relations post-Brexit, Bank of England chief warns
4 months, 2 weeks ago

UK must rebuild EU relations post-Brexit, Bank of England chief warns

The Independent  

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Trump's 'America first' policy may undo Brexit impact, play into Starmer's UK-EU relations 'reset'
4 months, 2 weeks ago

Trump's 'America first' policy may undo Brexit impact, play into Starmer's UK-EU relations 'reset'

Firstpost  

UK Prime Minister Keir Starmer has been vocal about a “reset” in UK-EU relations but ruled out rejoining the single market or customs union As US President-elect Donald Trump prepares to return to the presidency, his “America First” trade stance could complicate Britain’s post-Brexit global ambitions. British officials are bracing for Trump’s proposed tariffs, which would impact British exports to …

Global Realignment: UK Revisits China in an Effort to Mend Relations
5 months, 1 week ago

Global Realignment: UK Revisits China in an Effort to Mend Relations

China Daily  

Global Times reports that UK Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy's visit to China will focus on enhancing strategic mutual trust and strengthening dialogue and cooperation in various fields based on the implementation of the consensus reached by the leaders of the two countries in their recent call.

UK looking to rekindle trade ties with bloc
8 months, 2 weeks ago

UK looking to rekindle trade ties with bloc

China Daily  

By EARLE GALE in London | China Daily Global | Updated: 2024-07-17 09:20 Two women walk along the beach in Skegness, England, on June 11, 2024. The United Kingdom's new Labour Party government has said it wants to build a closer trading relationship with the European Union, after years of strained post-Brexit ties with the bloc. Reynolds was due to …

UK looking to rekindle trade ties with bloc
8 months, 2 weeks ago

UK looking to rekindle trade ties with bloc

China Daily  

Two women walk along the beach in Skegness, England, on June 11, 2024. The United Kingdom's new Labour Party government has said it wants to build a closer trading relationship with the European Union, after years of strained post-Brexit ties with the bloc. Reynolds was due to deliver a speech in Italy on Wednesday, during his first overseas visit since …

UK-EU trade: Labour looks to build links with ‘friends’ in Europe
8 months, 2 weeks ago

UK-EU trade: Labour looks to build links with ‘friends’ in Europe

The Independent  

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Britain will start ‘dating’ the EU when Labour gains power, says David Lammy
1 year, 5 months ago

Britain will start ‘dating’ the EU when Labour gains power, says David Lammy

The Telegraph  

Britain would start “dating” the EU under Labour’s plans to secure closer economic and defence ties with the bloc, David Lammy has suggested. In his most open remarks yet on Brexit policy he also described plans to upgrade Boris Johnson’s trade deal as the “starting point” for a wider reset. Structured dialogue “The starting point for a Labour government is …

David Lammy proposes reset of foreign policy to strength Britain's EU ties
1 year, 6 months ago

David Lammy proposes reset of foreign policy to strength Britain's EU ties

The Telegraph  

David Lammy, the shadow foreign secretary, has proposed forging stronger ties between Britain and the EU through a reset of foreign policy under a future Labour government. “And Little England, which is unfortunately what is being pursued by Rishi Sunak.” He echoed the views made by Sir Keir Starmer during a meeting staged by Canadian prime minister Justin Trudeau that …

How to rebuild our relationship with Europe after Brexit
2 years, 2 months ago

How to rebuild our relationship with Europe after Brexit

The Independent  

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As British voters cool on Brexit, UK softens tone toward European Union
2 years, 4 months ago

As British voters cool on Brexit, UK softens tone toward European Union

LA Times  

Britain’s new Conservative-majority government wants to restore ties with the European Union, acknowledging the economic cost of Brexit. The British government on Sunday denied a report that it is seeking a “Swiss-style” relationship with the European Union that would remove many of the economic barriers erected by Brexit — even as it tries to improve ties with the bloc after …

How a trade war with Europe will spark a fresh cost of living crisis
2 years, 10 months ago

How a trade war with Europe will spark a fresh cost of living crisis

The Telegraph  

“Escalating anything with the EU right now would mean massive self-inflicted price pressures at the worst kind of possible moment,” says Sophie Hale, principal economist at the Resolution Foundation. If talks fall apart, a damaging trade war would be the likely consequence, lumping already-strained households and businesses with further cost increases. An escalation by Brussels may include tariffs on UK …

New year, same feud: UK-EU resume talks on Brexit trade spat
3 years, 2 months ago

New year, same feud: UK-EU resume talks on Brexit trade spat

Associated Press  

LONDON — U.K. Foreign Secretary Liz Truss called for Britain and the European Union to rebuild their relationship, as she and bloc’s top Brexit official met Thursday for talks on a thorny dispute over Northern Ireland trade. Sefcovic said he wanted “stability” and “predictability” for Northern Ireland, the only part of the U.K. sharing a border with an EU member …

Opinion: Why Britain must look beyond the US for trade deals
4 years, 2 months ago

Opinion: Why Britain must look beyond the US for trade deals

CNN  

Editor’s Note: Lord Jonathan Marland is chairman of the Commonwealth Enterprise and Investment Council and served as the prime minister’s trade envoy and minister for energy, climate change and business under David Cameron. The landmark UK-EU trade deal worth £660 billion, according to Johnson, just passed through UK Parliament and comes as welcome relief to economies on both sides of …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 4 months ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

EU warns UK on commitments ahead of more Brexit trade talks
4 years, 6 months ago

EU warns UK on commitments ahead of more Brexit trade talks

Associated Press  

BRUSSELS — The European Union warned the British government on Monday that any attempt to renege on commitments made ahead of its departure from the bloc earlier this year could put at risk the hard-won peace in Northern Ireland. She said in a tweet that the agreement is an “obligation under international law” and a “prerequisite for any future partnership.” …

UK warns EU on Brexit: We won’t blink first
4 years, 6 months ago

UK warns EU on Brexit: We won’t blink first

Live Mint  

Britain will not blink first in Brexit trade negotiations with the European Union and is not scared of a no-deal exit at the end of the year, the country's top Brexit negotiator warned the bloc on Sunday. Britain left the EU on Jan 31 but talks have so far made little headway on agreeing a new trade deal for when …

Forget global Britain – thanks to Brexit, coronavirus and a trade war with China, we’re losing our grip
4 years, 8 months ago

Forget global Britain – thanks to Brexit, coronavirus and a trade war with China, we’re losing our grip

The Independent  

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Remember Brexit? Why Britain could really struggle to dig itself out of recession
4 years, 10 months ago

Remember Brexit? Why Britain could really struggle to dig itself out of recession

CNN  

London CNN Business — As nations around the world attempt to dig their way out of a cataclysmic global recession, Britain is in a particularly tight spot of its own making. “That said, clearly negative rates are one of the last resorts here.” Brexit clock ticking The risk they may be needed is rising because UK Prime Minister Boris Johnson …

Let’s move on: EU wants to keep big role after Brexit
5 years, 2 months ago

Let’s move on: EU wants to keep big role after Brexit

Associated Press  

BRUSSELS — As the United Kingdom prepared to bring to an end its 47-year EU membership, the bloc’s top officials on Friday pledged to continue playing a prominent role “in the ever-louder cacophony of the world,” despite the loss of a powerful affiliate. In a text published by several European media outlets, EU commission president Ursula von der Leyen, Parliament …

The UK needs a big post-Brexit trade deal with Europe and wants one with America. It may end 2020 with neither
5 years, 2 months ago

The UK needs a big post-Brexit trade deal with Europe and wants one with America. It may end 2020 with neither

CNN  

London CNN Business — After nearly four years of profound uncertainty that hobbled the economy and unnerved investors, Britain finally left the European Union. The United Kingdom is entering an 11-month transition period during which Prime Minister Boris Johnson must race to strike new trade deals with his country’s biggest economic partners. Britain has not yet published its negotiating objectives …

David Sassoli, European Parliament President, says Brexit is a ‘wound’
5 years, 2 months ago

David Sassoli, European Parliament President, says Brexit is a ‘wound’

CNN  

CNN — A top European official has warned that reaching a “good agreement” on the future relationship between the United Kingdom and the European Union will take time. European Parliament President David Sassoli told CNN he was concerned about the UK government’s decision to rule out an extension to the Brexit transition period, which starts on Friday and ends in …

Brexit stopping Britain resolving deep problems with economy, says former Bank of England chief
5 years, 5 months ago

Brexit stopping Britain resolving deep problems with economy, says former Bank of England chief

The Independent  

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Bank of England warns of business closures and job losses under no-deal Brexit
5 years, 5 months ago

Bank of England warns of business closures and job losses under no-deal Brexit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A no-deal Brexit is likely …

Pound sterling goes on a wild ride amid Brexit turmoil
5 years, 6 months ago

Pound sterling goes on a wild ride amid Brexit turmoil

CNN  

London CNN Business — The pound was whipsawed by political turmoilon Tuesday as UK Prime Minister Boris Johnson sufferedaparliamentary revoltaimed at preventing Britain from leaving the European Union without a deal to protect the economy. Lawmakers succeeded Tuesday night in taking control of the parliamentary agenda so they can attempt to pass legislation outlawing a “no deal” Brexit, unless it …

No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney
5 years, 8 months ago

No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney

The Independent  

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Bank of England governor says Britain can't avoid EU trade tariffs in a No Deal Brexit
5 years, 9 months ago

Bank of England governor says Britain can't avoid EU trade tariffs in a No Deal Brexit

Daily Mail  

Mark Carney has warned that Boris Johnson is incorrect about a No Deal scenario Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become prime minister, that Britain can avoid the hit of European Union trade tariffs in the event of a no-deal Brexit. Boris Johnson made assurances that trade would continue as normal …

Stumbling bloc: How did Brexit become such a mess?
6 years, 3 months ago

Stumbling bloc: How did Brexit become such a mess?

Associated Press  

LONDON — Tuesday was supposed to be the day that Britain’s battle over Brexit was resolved. Parliament was supposed to approve a plan painstakingly worked out by Prime Minister Theresa May and the European Union for Britain’s orderly departure from the 28-nation bloc. In 2013, then-Prime Minister David Cameron pledged to hold a referendum on Britain’s EU membership “to settle …

Reflections: UK must accept it's no longer a world power
6 years, 3 months ago

Reflections: UK must accept it's no longer a world power

Deccan Chronicle  

It’s taken an ethnic Ghanaian to remind the British that their country might be reduced to an isolated, impoverished and inconsequential cluster of islands off the coast of Europe if it unravels 40 years of close association with the European Union. British interests “will be repeatedly and permanently hammered by the EU27 for many years to come”, warns Sam Gyimah, …

Brexit: UK could suffer devastating recession and worst economic slump since Second World War with ‘disorderly’ exit, Bank of England warns
6 years, 4 months ago

Brexit: UK could suffer devastating recession and worst economic slump since Second World War with ‘disorderly’ exit, Bank of England warns

The Independent  

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Brexit will weaken Europe, isolate Britain and fuel global tensions: Ian Bremmer
6 years, 5 months ago

Brexit will weaken Europe, isolate Britain and fuel global tensions: Ian Bremmer

CNN  

Editor’s Note: Ian Bremmer is president of Eurasia Group and GZERO Media. If there’s one person who understands leverage, it’s US President Donald Trump, who will have a lot more negotiating leverage with the UK when it comes time to negotiate a one-on-one trade deal. China has said it’s open to begin detailed negotiations over a trade deal with the …

UK euroskeptics urge PM May to prepare for ‘no deal’ Brexit
6 years, 9 months ago

UK euroskeptics urge PM May to prepare for ‘no deal’ Brexit

Associated Press  

LONDON — Pro-Brexit politicians and business figures have urged British Prime Minister Theresa May to be ready to walk away from the European Union without a trade agreement, despite warnings from major manufacturers that a “no deal” Brexit would be an economic disaster. The letter released Sunday by Economists for Free Trade was signed by prominent supporters of a “hard …

Brexit presents unprecedented opportunities for Britain and America
7 years, 7 months ago

Brexit presents unprecedented opportunities for Britain and America

CNN  

Editor’s Note: David Davis is UK Secretary of State for Exiting the European Union. David Davis Tom Evans/Downing Street From designing an immigration system that addresses the concerns of ordinary working people and fits the needs of business to ensuring we have regulation more tailored to the UK economy rather than the needs of 28 different economies, leaving the EU …

Post-Brexit Britain: This is what taking your country back looks like
7 years, 11 months ago

Post-Brexit Britain: This is what taking your country back looks like

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Liam Fox greets self-confessed murderer …

Brexit: Mark Carney urges banks to prepare for all potential outcomes
7 years, 11 months ago

Brexit: Mark Carney urges banks to prepare for all potential outcomes

The Independent  

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Expressing regret, David Cameron says Britain will not turn back on EU
8 years, 9 months ago

Expressing regret, David Cameron says Britain will not turn back on EU

The Hindu  

Expressing regret and sadness over Britain's decision to leave the European Union, Prime Minister David Cameron said on Tuesday the country would not turn its back on Europe and would instead build the strongest ties it could. At what he said would be his last EU summit, Mr. Cameron told a news conference that as a democrat he had accepted …

Brexit impact: UK economy treads on unknown zone, fear of job cuts rise
8 years, 9 months ago

Brexit impact: UK economy treads on unknown zone, fear of job cuts rise

Firstpost  

Campaigners wanting Britain to remain part of the European Union argued long and hard about the economic risks of Brexit, but ultimately failed to convince a majority of voters in Thursday’s referendum. Financial markets illustrated the turbulence that could lie ahead for the world’s fifth biggest economy, with the pound collapsing to its lowest level against the dollar since 1985 …

Could Brexit be watershed for global economy?
8 years, 9 months ago

Could Brexit be watershed for global economy?

The Hindu  

A British exit from the European Union could cause global market swings for a while. A year after a vote to leave, Britain’s economy would be one per cent smaller than it would have been otherwise, while the 28-country EU would lose 0.25 percent and the world 0.1 percent, according to Moody’s Analytics chief economist Mark Zandi. After five years, …

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