Brexit has weakened UK trade opportunities, Bank of England governor warns

Bank of England Governor Andrew Bailey has warned that Brexit has weakened UK trading opportunities and that the country needed to commit to free trade in the future. Speaking at a Central Bank of Ireland conference held in Dublin, Mr Bailey said the world economy has experienced “big external shocks” such as the Covid-19 pandemic and Russia’s invasion of Ukraine. Mr Bailey that there was an issue “which relates to events nearer to home” which has also contributed to “fragmentation in the world economy.”