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Evening Standard

Politics

Henry Saker-Clark

UK must take impact of trade wars ‘very seriously’, says Bank governor

United States Andrew Bailey United Kingdom Donald Trump Bank of England IIF Institute of International Finance Washington D.C.

Bank of England governor Andrew Bailey was speaking at an Institute of International Finance event in Washington (James Manning/PA) - (PA Wire)

The Governor of the Bank of England has said the UK must take the risk that trade wars will hit global economic growth “very seriously”.

Andrew Bailey told an Institute of International Finance event in Washington that the central bank is currently “working through” the implications of US President Donald Trump’s tariff plans ahead of the Bank of England’s next rate-setting meeting in May.

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