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Chancellor and BoE governor call for UK to rebuild ties with EU

Reeves and Bailey highlight damage from Brexit amid concern about Trump’s plan to impose tariffs on trading partners
Chancellor Rachel Reeves at the Mansion House: ‘We face structural challenges, including those which have come from Brexit’

Chancellor Rachel Reeves and Bank of England governor Andrew Bailey have joined forces to call for Britain to rebuild ties with the EU, amid fears of a possible transatlantic trade war with US president-elect Donald Trump.

In a highly unusual move, both Reeves and Bailey used keynote speeches at the annual Mansion House dinner on Thursday to warn of the economic damage caused by Brexit and the need to improve trade links with the EU.

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