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The Independent UK
The Independent UK
Business
Mathilde Grandjean

Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

Andrew Bailey United Kingdom Bank of England Brexit Economy Rachel Reeves Motability

Brexit will have a negative impact on the UK’s economic growth “for the foreseeable future”, Bank of England governor Andrew Bailey has warned.

The economy is, however, likely to adjust and find balance again in the longer term, Mr Bailey, who was speaking at the G30 40th annual International Banking Seminar on Saturday, added.

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