Bank of England Governor Andrew Bailey flagged tariffs as a growing threat to growth in the U.K., but still dismissed the risk of an imminent recession.

Retaliatory tariffs against the U.S. would push inflation higher, Bank of England Governor Andrew Bailey said Thursday.After President Trump announced a 10% tariff on April 2 on most U.K. goods imports to the U.

Bank of England Governor Andrew Bailey said on Thursday he was focused on an expected shock to economic growth from U.S. President Donald Trump's import tariffs and retaliatory measures by other countries,