The governor of the Bank of England has stated that the UK must “rebuild relations” with the EU “while respecting the decision of the British people” who chose to leave in 2016.
In his speech to investors at Mansion House, Andrew Bailey made some of his most forceful remarks on Brexit to yet, stating that one of its effects has been a decline in commerce.
Due to the Bank’s independence from Westminster politics, he has hitherto refrained from making any comments on the subject.
According to Mr. Bailey, the economy has been “weighed” by the altered relationship with the EU.
“As a public official, I take no position on Brexit per se,” he stated. “But I do have to point out consequences.”
He continued: “It appears that the impact on commerce is greater for commodities than for services… However.
