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, 1 week 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 swathe of trade tariffs on US imports, Mr Bailey expressed concern about the 'impact of geopolitical shocks and the broader fragmentation of the world economy'. Andrew Bailey insisted the 'consequences' of Brexit could not be ignored as he bemoaned the economy's lacklustre performance since the 2008 Credit Crunch Chancellor Rachel Reeves echoed the position in her own address to City leaders, underlining Labour's push for a 'reset' with Brussels as they made a seemingly coordinated pitch Mr Bailey said during his speech that he takes 'no position on Brexit per se'.

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History of this topic

Trump's tariffs will rock the UK and global economies, warns Bank of England governor Andrew Bailey
2 weeks, 2 days ago

Trump's tariffs will rock the UK and global economies, warns Bank of England governor Andrew Bailey

Daily Mail  

Donald Trump’s trade war will have a ‘substantial’ impact on the UK and global economies, the Governor of the Bank of England has warned. Andrew Bailey told MPs that Britain must ‘dig in’ after tariffs levied by the US President on America’s major trading partners sparked tit-for-tat retaliation. Concerns: Bank of England governor Andrew Bailey said Britain must 'dig in' …

Starmer ramps up post-Brexit reset with recruitment of EU relations ‘sherpa’
3 months, 3 weeks ago

Starmer ramps up post-Brexit reset with recruitment of EU relations ‘sherpa’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer has kicked off the hunt for a “sherpa” …

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs
4 months ago

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

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 The Governor of the Bank …

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

UK must rebuild EU relations post-Brexit, Bank of England chief warns
4 months, 1 week ago

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

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. Read our privacy …

Britain on way to long-term decline without EU, warns Bank
4 months, 1 week 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 …

Bank of England boss Andrew Bailey reveals he'll stay four more years
7 months, 2 weeks ago

Bank of England boss Andrew Bailey reveals he'll stay four more years

Daily Mail  

Andrew Bailey has vowed to lead the Bank of England for four more years, defying a string of calls from critics to resign. The Chancellor Rachel Reeves has repeatedly claimed the economy is in its worst shape since the Second World War However, asked if he planned to serve a full term, Bailey said: ‘Yes, definitely. Bailey has come under …

Bank Governor Bailey: We are seeing very encouraging signs for the economy
11 months ago

Bank Governor Bailey: We are seeing very encouraging signs for the economy

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 The Governor of the Bank …

Brexit has helped the City, not harmed it despite 'pretty dire' warnings from economists and experts, says Bank of England governor Andrew Bailey
1 year, 5 months ago

Brexit has helped the City, not harmed it despite 'pretty dire' warnings from economists and experts, says Bank of England governor Andrew Bailey

Daily Mail  

The governor of the Bank of England has hailed the opportunities created by Brexit, saying it has 'protected' Britain. Andrew Bailey suggested that Britain has defied 'pretty dire' warnings from economists and experts about damage to the City caused by leaving the European Union. Mr Carney said Brexit would be Britain's 'biggest domestic risk', a statement he later retracted. Britain …

Andrew Bailey battles to protect his empire as Tory criticism builds
2 years, 8 months ago

Andrew Bailey battles to protect his empire as Tory criticism builds

The Telegraph  

Andrew Bailey’s patience is wearing thin. At a sitting of the Treasury Select Committee last week, the Governor of the Bank of England was forced to hit back against Tory leadership hopefuls who are increasingly turning their ire on Threadneedle Street. After Tom Tugendhat claimed the Bank’s programme of quantitative easing was to blame for the inflation crisis, Bailey took …

Bank of England’s Bailey under pressure from Government over food price warning
2 years, 10 months ago

Bank of England’s Bailey under pressure from Government over food price warning

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Downing Street said it is up to Bank of England …

Andrew Bailey misled me over RBS market abuse probe, whistleblower alleges in High Court filing
4 years, 1 month ago

Andrew Bailey misled me over RBS market abuse probe, whistleblower alleges in High Court filing

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 Mark Wright was pushed out …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 3 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 …

Andrew Bailey is leading the Bank of England through its most turbulent and politicised era
5 years, 2 months ago

Andrew Bailey is leading the Bank of England through its most turbulent and politicised era

The Independent  

The first thing to understand about new Bank of England governor Andrew Bailey is that he comes from Leicester, where everyone is very proud of him. The second thing – a bit more crucial, admittedly – is to understand that the governor of the Bank of England can’t do very much. As it stands, the Bank of England’s job is …

Andrew Bailey profile: new Bank of England Governor so 'steady under fire' he helped face down grizzly bear
5 years, 3 months ago

Andrew Bailey profile: new Bank of England Governor so 'steady under fire' he helped face down grizzly bear

The Telegraph  

Andrew Bailey, the head of the City watchdog who is set to be the Bank of England’s first post-Brexit Governor, has been hailed as the man who was “by far the steadiest under fire” during the financial crisis of 2008. Mr Bailey, the current head of the Financial Conduct Authority who earned £592,000 last year, is so cool under pressure …

Andrew Bailey: New Bank of England governor is a safe choice in uncertain times
5 years, 3 months ago

Andrew Bailey: New Bank of England governor is a safe choice in uncertain times

CNN  

London CNN Business — The United Kingdom has picked a safe pair of hands — the country’s top financial regulator — to succeed Mark Carney as Bank of England governor as the economy enters uncharted territory after Brexit. Andrew Bailey, currently head of the Financial Conduct Authority and a former deputy governor of the UK central bank, will take on …

Andrew Bailey front runner in Bank of England job scramble as trading scandal erupts
5 years, 3 months ago

Andrew Bailey front runner in Bank of England job scramble as trading scandal erupts

The Telegraph  

Andrew Bailey, head of the City watchdog, is set to become the first Bank of England governor of the Brexit era, stepping into one of the most testing periods for the UK’s central bank. The Financial Conduct Authority chief executive was on Thursday night braced to succeed Mark Carney when the Canadian steps down on Jan 31, the day the …

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 …

Brexit: UK could suffer devastating recession and worst economic slump since Second World War with ‘disorderly’ exit, Bank of England warns
6 years, 3 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  

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. Read our privacy …

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