Rising global trade barriers threaten to drag on global economic growth and unsettle the stability of the UK’s financial system, the Bank of England has warned today. In its half-yearly financial stability report, the central bank said the financial system could be hit by disruption to cross-border capital flows and a reduced ability to diversify risk. While Threadneedle Street did not refer directly to the threat of US tariffs, fears over the direction of American trade policy have grown since Donald Trump won the Presidency…
