BoE's Bailey says EU single market "absolutely crucial"

February 5, 2016 12:19 PM

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LONDON Feb 5 The European Union's single market is "absolutely crucial" for embedding free trade in the 28-country bloc and should not be lost under EU reforms aimed at keeping Britain inside the EU, Bank of England Deputy Governor Andrew Bailey said on Friday.

"The single market is absolutely crucial," Bailey told a financial conference.

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