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Evening Standard

Business

Alex Daniel

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Andrew Bailey United States United Kingdom Donald Trump Bank of England International Monetary Fund World Bank

Governor of the Bank of England Andrew Bailey (Benjamin Cremel/PA) - (PA Wire)

The Governor of the Bank of England has said recent US trade policy poses “substantial” risks to the UK and the world economy.

Speaking to MPs on Wednesday, Andrew Bailey said there is a “major shift going on in the US” which the Bank would have to “take very seriously”, when quizzed about the impact of new tariffs.

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