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Snapshot 9:Fri, Nov 15, 2024 6:56:15 PM GMT last edited by KateHennig

UK: Bank of England Gov. Bailey Calls For Closer EU Ties

UK: Bank of England Gov. Bailey Calls For Closer EU Ties

UK: Bank of England Gov. Bailey Calls For Closer EU Ties
Above: Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. Image copyright: Hollie Adams/Bloomberg via Getty Images

The Spin

Bailey's comments are in line with both the UK qneand EU's policy and, more importantly, reality. Despite right-wing denial over Brexit's total failure, the figures speak for themselves and the impact is only getting worse. Brexiteers continue to fantasize over an unlikely US trade deal that would only see the UK bend the knee to an unpredictable Trump. Instead, the UK should look closer to home, shore up the strength of its own continent, and regain respect amongstamong its closest allies in Europe.

Instead of focusing on discussing the host of monetary challenges currently facing the UK economy, supposedly neutral BoE Gov. Andrew Bailey somehow decided it was appropriate to broadcast his opinion on a democratic decision. InsteadRather ofthan focusing on repairing its ties with the US and its flourishing economy, Labour and establishment ideologues continue to fawn over a failed European project that they forget the British people have already chosen to reject.

ThereBailey's comments are in line with both the UK and EU's policy and, more importantly, reality. Despite right-wing denial over Brexit's total failure, the figures speak for themselves and the impact is aonly 61%getting chanceworse. Brexiteers continue to fantasize over an unlikely US trade deal that thewould Unitedonly Kingdomsee willthe joinUK bend the Europeanknee Economicto Areaan beforeunpredictable 2040Trump. Instead, accordingthe UK should look closer to home, shore up the Metaculusstrength predictionof communityits own continent, and regain respect among its closest allies in Europe.

Instead of focusing on discussing the host of monetary challenges currently facing the UK economy, supposedly neutral BoE Gov. Andrew Bailey somehow decided it was appropriate to broadcast his opinion on a democratic decision. Rather than focusing on repairing its ties with the US and its flourishing economy, Labour and establishment ideologues continue to fawn over a failed European project that they forget the British people have already chosen to reject.

Metaculus Prediction

There is a 61% chance that the UK will join the European Economic Area before 2040, according to the Metaculus prediction community.


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All rights reserved.

Version 6.17.0