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Shop bosses ‘right’ to warn of job cuts, says Bank of England governor
His statement comes as retailers turn up the heat in their efforts to get Chancellor Rachel Reeves to water down her Budget measures
The Governor of the Bank of England warns of the "weight" of Brexit on the economy
Data indicates a 27% drop in exports and a 32% decrease in imports from the EU between 2021 and 2023. Andrew Bailey, Governor of the Bank of England, has dared to state what no British politician seems willing to say: "Brexit has weighed on the British economy.
Don’t pick a side in Trump vs. EU trade war, Bank of England boss warns UK
The head of the U.K. central bank said Britain should maintain an “active dialogue” with both the EU and the U.S., amid fears incoming President Donald Trump will force London to choose which relationship to prioritize with the threat of across-the-board duties of up to 20 percent on American imports.
Britain 'likely to side with the EU' against the US if Donald Trump sparks global trade war as ministers warn of exposure to reprisals from China
Business Secretary Jonathan Reynolds told peers that the UK would need to 'weigh the consequences' of any demands Trump makes if they risk damaging EU relations.
4h
Bank of England chief insists retailers are right to warn of post-Budget job cuts
Bank of England governor Andrew Bailey has said retailers are right to warn the government of potential job cuts due to tax ...
1d
on MSN
Andrew Bailey to give evidence in Jes Staley trial on Epstein ban
Andrew Bailey has been dragged into a legal row over how well a former boss of Barclays knew Jeffrey Epstein ...
3h
on MSN
Higher energy bills push UK inflation to 6-month high in October
Inflation in the U.K. has risen sharply to a six-month high in October. It's an increase that's set to cement market ...
1d
BOE’s Bailey Says Budget Tax Rises Support Gradual Rate Cuts
The UK government’s move to raise taxes on employers means the Bank of England will have to take a cautious approach in ...
1h
on MSN
Inflation hits 2.3% in October, driven by higher energy bills and housing costs
The rate of consumer price inflation (CPI) hit 2.3% in October, figures from the Office for National Statistics show ...
5d
UK must keep trade open and EU close in fragmenting world, Bank of England's Bailey says
Britain should stand up for free trade and rebuild ties with the European Union as the global economy fragments, Bank of ...
The Associated Press - Business News on MSN
12d
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell ...
4d
Reeves hits City with net zero rules despite pledge to cut red tape
Rachel Reeves is to impose net zero mandates on the City despite pledging to rip up red tape and relax rules she believes are ...
21h
on MSN
Retailers ‘right’ to warn of Budget job cuts, says Bank of England governor
The governor of the Bank of England, Andrew Bailey, has said a group of retailers were “right” to warn of sweeping job cuts ...
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