Thursday, January 01, 2026 | 10:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Hard to see how Brexit will improve Britain's trade position - BoE's McCafferty

Image

Reuters LONDON

LONDON (Reuters) - Outgoing Bank of England policymaker Ian McCafferty said on Wednesday that it was hard to see how Britain would strengthen its trading ties as a result of its decision to leave the European Union.

Brexit supporters have said that Britain can boost global trade ties as it detaches itself from the EU, its biggest export market. Asked if there were ways in which Britain could be stronger outside the European Union, McCafferty said "Everything is theoretically possible."

"I find it difficult to conceive that we would end up in a better position, trade-wise, at least for a significant period," McCafferty, who is leaving his role at the end of the month, told Sky News.

 

(Reporting by Alistair Smout; Editing by Hugh Lawson)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 08 2018 | 11:43 PM IST

Explore News