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Podcast: Bloomberg Talks
Episode: Bank of England Governor Andrew Bailey Talks Trade, Brexit
Description: Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and âminimize negative effectsâ of Brexit. He welcomed the recent agreement with Brussels to reduce border checks on food, and rejoin the EUâs electricity market and emissions trading system in exchange for 12 years of access to UK fisheries, and called on officials to go further.The government expects the EU deal to add 0.2% to the level of GDP by 2040 but the boost pales against the 4% overall hit to the UK economy from Brexit, as est...