Flynn to raise Brexit 'folly' with Bank of England boss

"Flynn said he would raise the "folly" of Brexit and "the economic impact that's had upon the UK, which has led to budget cuts right across these isles". He added: "And who's the man responsible for that? Nigel Farage. "So who knows, myself and the governor of the Bank of England might have an interesting conversation in that context and based upon his comments of late in respect to Brexit, we'll probably agree.""

"Bailey said at the weekend that Brexit would have a negative effect on the UK's economic growth "for the foreseeable future", though he added that there would be "at least partial rebalancing" in the longer term. The bank boss has previously said that stronger ties with the EU could "minimise negative effects" of Brexit on trade. Flynn also urged the UK government to renegotiate a better deal with the EU. Prime Minister Sir Keir Starmer announced a fresh agreement with the bloc in May covering fishing, trade, defence and energy."

Stephen Flynn will raise Brexit's "folly" and its economic impact during a meeting with Bank of England governor Andrew Bailey. Flynn urged the UK government to renegotiate its trade agreement with the EU and to re-open talks to seek closer ties. Chancellor Rachel Reeves said the previous Conservative-era deal caused long-term damage to the economy while the government insists a new deal will help reduce the cost of living. Flynn blamed Nigel Farage for Brexit's consequences and cited budget cuts across the UK. Bailey warned Brexit will negatively affect economic growth for the foreseeable future, with only partial long-term rebalancing.

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