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Thursday newspaper round-up: Brexit, UK water companies, National Grid
Brexit has not contributed to labour market shortages in the UK, according to Andrew Bailey, the Bank of England governor. Speaking at a panel with other major central bankers, Bailey said the UK’s inflationary problem was partly the result of workers choosing to leave the workforce after the pandemic and not returning. He said the bulk of this labour market shrinkage was caused by factors outside the UK’s exit from the European Union, which put a stop to the free movement of labour from the 27-country bloc.
Wednesday newspaper round-up: BT Group, Water bills, CAB Payments
The telecoms regulator has issued a warning to the chief executive of BT over his comments that the group’s Openreach network expansion would “end in tears” for rivals and has opened an investigation into its performance. Ofcom said Philip Jansen’s comments were of “significant concern” and that it “would be extremely concerned to see similar comments in future and will be keeping this under close review”. - The Times.