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BoE’s Broadbent Warns Of Hit From Reduced EU-UK Trade Post Brexit

Substantial reduction in trade between the European Union and the UK, following Brexit, could hurt the UK economy as it would force it to produce goods that are currently imported and raise costs, Bank of England Deputy Governor Ben Broadbent said Tuesday. The policymaker made no reference to the interest rate outlook during his speech at the Scottish Council for Development and Industry.
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