UK must rebuild trade relationship with EU, says BoE boss; China-US shipments slump – business live
Rolling coverage of the latest economic and financial newsChina exports beat expectations despite slump in trade with USOur First Edition newsletter has kicked the tires on the US-UK trade deal, showing that it is far from comprehensive, but will help crucial British industries such as car-making.The broader economic impact may be limited, though. As our economics editor Heather Stewart put it:“It’s very important to have this piece of good news to take to the public and now that the Bank of England has cut interest rates they’re going to have positive headlines about people’s mortgages going down and this deal being done and that will help boost consumer and business confidence,But in terms of the broader economic impact this deal is really quite small.”“It would be beneficial. Having a more open economy to trade with the European Union. Because there has been a fall-off in goods trade with the EU over recent years.“It is important we do everything we can to ensure that whatever decisions are taken on the Brexit front do not damage the long-term trade position. So I hope that we can use this to start to rebuild that relationship. Continue reading...
Rolling coverage of the latest economic and financial news
Our First Edition newsletter has kicked the tires on the US-UK trade deal, showing that it is far from comprehensive, but will help crucial British industries such as car-making.
The broader economic impact may be limited, though. As our economics editor Heather Stewart put it:
“It’s very important to have this piece of good news to take to the public and now that the Bank of England has cut interest rates they’re going to have positive headlines about people’s mortgages going down and this deal being done and that will help boost consumer and business confidence,
But in terms of the broader economic impact this deal is really quite small.”
“It would be beneficial. Having a more open economy to trade with the European Union. Because there has been a fall-off in goods trade with the EU over recent years.
“It is important we do everything we can to ensure that whatever decisions are taken on the Brexit front do not damage the long-term trade position. So I hope that we can use this to start to rebuild that relationship. Continue reading...
What's Your Reaction?
