Bank of England: Brexit Continues to Weigh on UK Productivity

The Occidental Star
Oct 19
1 min read

Bank of England Governor Andrew Bailey said the UK’s exit from the EU will leave the economy around 4% smaller in the long term than it would have been inside the single market.

Bailey cited persistent trade frictions and reduced labor mobility as major factors.

Business groups in both London and Brussels are urging renewed cooperation on research, financial services, and standards alignment to stabilize cross-Channel trade.

Recent Posts

See All

LVMH Reports Strong Q3 Sales, Signaling Luxury Recovery

French luxury group LVMH posted a 1% increase in third-quarter sales, driven by improving demand in China and steady performance in Europe and the U.S. The company’s shares rose between 7% and 12%, li

ECB Study Finds U.S. Tariffs Dampen Confidence in EU Export Sectors

A European Central Bank report concluded that recent U.S. tariff increases have eroded business confidence and raised job-security concerns among EU manufacturing workers. The study found the impact c

IMF Says Targeted Reforms Could Triple EU Growth

The International Monetary Fund urged the European Union to adopt structural reforms that could lift annual GDP growth from roughly 1% to 3% over the next decade. Key recommendations include reducing