BOE’s Bailey Says Get an EU Trade Deal or Everyone Loses Out

Bank of England Governor Andrew Bailey urged the U.K. government and the European Union to reach a trade deal or risk seeing their economies suffer.

“It is in the interests of all parties to this process that we can get an agreement and we have open markets,” he said in a webinar hosted by Queen’s University Belfast on Tuesday. “Nobody benefits from closing borders, and nobody benefits from closing markets, and nobody benefits from protectionism.”