Britain must rebuild trade ties with Europe to help stem the economy’s long-term decline, the Bank of England Governor has told Rachel Reeves. In a major intervention in the wake of Donald Trump’s US election victory,

Britain should stand up for free trade and rebuild ties with the European Union as the global economy fragments, Bank of England Governor Andrew Bailey said in a speech on Thursday that cast an eye towards Donald Trump's White House return.

The U.K. must be alert to opportunities to revive its trade with the European Union as it seeks to boost productivity and weak economic growth, Bank of England Governor Andrew Bailey said.