<ul><li>Bank of England governor, Andrew Bailey, urges UK government to deepen ties with EU to minimize negative impacts of Brexit on trade and control inflation.</li><li>Bailey emphasizes the importance of closer cooperation on financial services and highlights the need to mitigate the effects of Brexit on the economy.</li><li>He warns that increased barriers to trade could lead to less efficient economies, inflation, and uncertain supply conditions post-Covid.</li><li>Inflation in the UK rose in April to 3.5%, surpassing the Bank of England's 2% target, further increasing the cost of living for renters, especially young people.</li></ul>

Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

Discover more