UK GDP report to show how economy fared in Labour government’s first quarter – business live

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Brexit has also been holding back the UK economy, the Bank of England governor warned last night as he urged ministers to “rebuild relations” with the EU.

Speaking at the Mansion House dinner in the City of London on Thursday evening, Andrew Bailey said he took no position on Brexit “per se”, but added: “I do have to point out consequences.”

“It underlines why we must be alert to and welcome opportunities to rebuild relations while respecting the decision of the British people.”