RT by @Brendandonn: Brexit has damaged Britain’s “openness,” said Bank of England governor.
Andrew Bailey stressed that as a public official he took “no position” on the decision to quit the EU.
“That was a decision for the people of the UK,” he said which isn’t true as the Supreme Court ruled that parliament had to decide but were never asked, so Theresa May made the decision!
“It has led to a reduction in the openness of the UK economy, though over time new trading relationships around the world should, and I expect will, be established.
“Of course, that requires a commitment to openness and free trade.”
He forgot to mention that Britain has cut itself off from the largest free trade bloc in the world with Brexit.
Other economists, and the Government’s own watchdog, the Office for Budget Responsibility, have warned that Brexit has delivered a multi-billion pound blow to the UK.
Mr Bailey also warned that interest rates, hammering many homeowners with higher mortgage rates, were not set to fall significantly in the short-term.
🐦🔗: https://nitter.cz/LizWebsterSBF/status/1722217273673613647#m
[2023-11-08 11:39 UTC]
