UK economy faces growth shock from Trump tariffs, says Bank governor

Andrew Bailey says UK not close to recession but he would be encouraged' if trade deal with US were agreed

The Bank of England's governor, Andrew Bailey, has said the UK economy faces a growth shock" as a result of Donald Trump's trade policies.

Speaking on the sidelines of the International Monetary Fund (IMF) meetings in Washington, Bailey said that while he did not think the UK was close to recession at the moment, we are certainly quite focused on the growth shock".