The UK must "rebuild relations" with the EU "while respecting the decision of the British people" who voted to leave in 2016, the Bank of England's governor has said. Andrew Bailey's Mansion House speech to investors marked some of his strongest comments yet on Brexit, saying one of its consequences has been weaker trade.

Sir Keir Stamer has vowed a reset with the EU, but he is under pressure to explain what that could look like. And now Andrew Bailey has suggested closer ties would make economic sense.

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 UK must rebuild relations following Brexit, the governor of the Bank of England has said, warning of the economic consequences of leaving the European Union. Speaking alongside the chancellor at the annual Mansion House dinner in the City of London,

The Bank of England Governor's remarks are in contrast with those of Reform UK's Nigel Farage, who sees Donald Trump's White House win as a chance to cement transatlantic trade links.

A shift in trade patterns with Europe has weighed on the UK economy, Governor Andrew Bailey said. View on euronews