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The Guardian - UK

Business

Richard Partington and Phillip Inman

Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

European Union Andrew Bailey Brexit United Kingdom Office for National Statistics Inflation Bank of England

Andrew Bailey. — Andrew Bailey has previously called for the UK to forge a stronger relationship with Brussels. Photograph: WPA/Getty Images

Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England to control inflation.

In a speech in Dublin on Thursday, the Bank’s governor said a stronger relationship between London and Brussels could “minimise negative effects” of Brexit on trade.

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