- Bank of England Governor Andrew Bailey said that trading more openly with European neighbours would boost economic growth in the UK.
- The Bank of England raised interest rates for the first time in three years to tackle rising inflation, warning that further increases may follow.
- Prime minister Andy Burnham is preparing to present options for a closer relationship with the EU, including the potential to rejoin the bloc.
- Economics experts and campaigners backed the assessment, highlighting that post-Brexit red tape has cost UK businesses billions and hampered productivity.
- Proposed UK-EU agreements due later this month aim to remove border checks on food and drink and introduce a new youth mobility scheme.
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