If UK is to grow, Labour must look towards trade prize

Amid all the backslapping, and the sighs of relief from the UK automotive and steel sectors, following the world’s first post-tariff trade agreement with Donald Trump, the governor of the Bank of England made an important point.

- James Moore, The Independent

The UK, Andrew Bailey told the BBC, must do everything it can to rebuild Britain's battered trade links with the EU. Bailey insisted that, as a public official, he did not take a view on Brexit. However, he said: “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.” He added: “It would be beneficial to have 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.”