Bailey: UK must stay open for business
BoE governor calls for bridges to be built with EU countries and others
The UK’s economy will need to remain open if problems of potential supply are to be addressed, the governor of the Bank of England (BoE) has said.
In a speech last night (November 14) in the City of London, Andrew Bailey said considerations of potential supply – “the productive potential of the economy” – were crucial when it came to setting both monetary and fiscal policy.
In the short term, he said potential supply was determined by labour and productivity. However, in the longer term
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