Sterling faces further weakness and investors were losing confidence in Reeves’ growth-boosting plans, and the currency’s outlook remained negative, also given expectations of at least two BOE rate cuts this year,
For a Labour chancellor it was a bold move: Rachel Reeves went to Davos and told an audience of global plutocrats that she wanted to make their lives easier by creating a riskier regulatory environment for UK consumers.
Davos offers Rachel Reeves an opportunity to make the case publicly and privately for her economic growth plans, with the hope of securing some investment commitments.
Chancellor Rachel Reeves inherited a bad economic hand from the Tories - but in her darkest moments, she has seen a string of fortunate breaks allowing her breathing space
Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.
The chancellor, speaking to Sky News at Davos, says she does not think the UK would be a target for tariffs threatened by president Donald Trump.
British Finance Minister Rachel Reeves will promote the UK as a prime investment location at the World Economic Forum in Davos. Highlighting political and economic stability, she aims to persuade global business leaders,
British Finance Minister Rachel Reeves will urge company bosses at the World Economic Forum meeting in Davos, Switzerland, to invest in the UK, emphasising its political and economic stability and pro-business government,
British finance minister Rachel Reeves indicated her support for expanding London's Heathrow airport, emphasizing economic growth as the government's priority. Heathrow has faced hurdles due to environmental challenges and COVID-19.
Rachel Reeves is set to face down prominent Labour critics of plans to expand Heathrow, saying the need for economic growth trumps other concerns. The Chancellor is expected to use a speech on growth next week to support the proposed third runway at the west London airport and endorse expansion at Gatwick and Luton Airports.
Rachel Reeves was warned the economy could enter a “doomed loop” after borrowing surged to a new high in a fresh blow to the Chancellor. The Treasury borrowed £17.8 billion in December, the highest level for four years and £10 billion more than the same month last year.
A civil war has erupted in the Labour Party after it was reported that Rachel Reeves plans to approve a third runway at Heathrow Airport and an expansion of operations at Gatwick. In a speech next week, the Chancellor is also expected to support more flights at Luton.