Brexit Impact on UK Economy 'Negative for Foreseeable Future,' Bank of England Chief Says

Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

Brexit impact on UK economy 'negative for foreseeable future,' Bank of England chief says

The bank's governor, Andrew Bailey, said for nearly a decade he had been careful to "take no position on Brexit" but when asked directly about its impact on economic growth he "had to answer that question".