Trump tariffs likely to drag down weak UK growth, Bank policymaker warns
Source: The Guardian | Published: April 10, 2025, 5:43 p.m.
Sarah Breedon says too early to judge impact on inflation of ‘most significant change in trade policy in a century’
UK economic growth will be hit by US tariffs, which are the biggest trade policy change in a century, a senior Bank of England official warns.
Sarah Breeden, the Bank’s deputy governor for financial stability, said on Thursday that business activity was likely to be adversely affected by Donald Trump’s tariff regime, dragging down the UK’s already weak growth rate.
Continue reading...