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UK's Reeves seeks growth boost from improving EU and US relations

Britain will boost its economy by resetting its ties with the European Union and building on its special relationship with the United States, finance minister Rachel Reeves said on Wednesday.
Rachel Reeves, Britain's finance minister, has outlined plans to enhance economic growth by strengthening ties with both the European Union and the United States. In her speech at the London School of Economics, Reeves emphasized the need for closer collaboration with the EU, particularly in financial services, to boost the UK economy. She proposed a new financial services agreement with the EU to facilitate easier market access for UK firms. Additionally, Reeves highlighted the importance of aligning with the US, especially in light of the Inflation Reduction Act, to ensure British businesses can benefit from green subsidies and other economic incentives. Her strategy includes fostering a more cooperative relationship with Brussels and Washington to drive economic recovery and growth post-Brexit.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uks-reeves-seeks-growth-boost-improving-eu-us-relations-2025-01-29/ ]