# Closer ties with EU would boost UK economic growth, Bank of England governor says

- URL: https://talkfuse.com/story/closer-ties-with-eu-would-boost-uk-economic-growth-bank-of-england-governor-says/
- Published: 2026-11-06T12:07:24+00:00
- Updated: 2026-11-06T12:24:23+00:00
- Original publisher: The Independent (publisher lean: Left)
- Original article: https://www.independent.co.uk/news/uk/politics/brexit-andrew-bailey-economic-growth-uk-eu-b3080374.html
- Topics: Business, Economy, Europe, Politics, UK, World

## Key points

- Bailey says closer EU trade could support UK growth.
- Proposed agreements could add around 0.4 per cent to GDP.
- Labour’s current red lines rule out rejoining the EU and free movement.

## Summary

Bank of England governor Andrew Bailey said closer trading ties with the EU would benefit UK economic growth, while stressing that he was not taking a position on Brexit itself. His intervention comes as Andy Burnham prepares to discuss options for a closer relationship with the bloc, and amid concerns about weak growth and rising inflation.

Burnham says planned agreements could add around 0.4 per cent to GDP, compared with an estimated 8 per cent hit from Brexit in one study. The agreements are expected to remove food and drink border checks and introduce a youth mobility scheme for people under 35. Burnham has said he wants to go further than the current approach, but Labour’s manifesto rules out free movement and rejoining the EU, customs union or single market.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.