Brexit Impact on UK Economy ‘Negative for Foreseeable Future,’ Bailey Says

Governor of the Bank of England, Andrew Bailey says Brexit will have a negative impact on UK economic growth for the long term Jordan Pettitt/PA

Brexit will have a negative impact on the UK’s economic growth “for the foreseeable future,” Bank of England governor Andrew Bailey has warned.

The economy is, however, likely to adjust and find balance again in the longer term, Mr Bailey, who was speaking at the G30 40th annual International Banking Seminar on Saturday, added.