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Bank of England calls for UK to "rebuild relations" with the EU

The Governor of the Bank of England has called for closer UK-EU relations to encourage economic growth.

Speaking at the annual Mansion House speech last night, Andrew Bailey blamed Brexit for slow growth in the UK saying its consequences have "weighed" on the economy.

Highlighting in particular the impact Brexit has had on the the trade in goods, he said the UK should "rebuild relations" with the EU.

Naomi Smith, CEO of Best for Britain said,
"With figures today showing sclerotic economic growth and the Governor of the Bank of England unequivocally pointing the finger at Brexit, we must expedite the relationship reset with our European allies whose priorities are already quickly changing following the US election.

"We know the EU is eager to agree a Youth Mobility Scheme and greater defence cooperation, our Government should now make clear what they want out of the relationship reset with beneficial regulatory alignment being the best way to remove Brexit trade barriers which continue to hamper growth."