Trade war makes improved UK-EU relations ‘imperative’, says Reeves

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Chancellor Rachel Reeves said that Donald Trump’s global trade war has made the “more inevitable” for the United Kingdom to improve the post -Britain relations from the European Union with the European Union, before a major summit next month.

Reeves is pushing to Britain to follow an ambitious economic agenda in the European Union/UK’s “re -setting” talks, although the government continues to exclude any step to join the Customs Union of the European Union.

The counselor said, in an interview with Financial Times, that Britain could take advantage of the chaos launched by the American president by presenting itself as a “place for stability” for investment.

Her comments came on the day the government confirmed in support of a new entertainment park in Bidford, 60 miles north of London, which it said was “a testimony of stability and security provided by the United Kingdom.”

Speaking on 11 Downing Street, Reeves said that the UK wants to improve trade with “partners in Europe”, adding: “Since Britain left the European Union, it has been difficult for British companies to export throughout Europe, especially smaller companies. Many feel out of European markets.”

She said that the summit between the United Kingdom and the European Union on May 19 will be an opportunity to “update our relationship and facilitate corporate trade.”

“I feel that in the current environment, there is greater willingness than countries around the world to consider both the and non -sharp barriers that hinder trade,” Reeves added.

“Many developments, whether Russia’s invasion of Ukraine or the challenges in world trade at the present time, means that there is more inevitability to improve our trade relations with Europe.”

Reeves pushes Sir Care Starmer to take an ambitious approach to removing the European Union’s commercial barriers. It has been suggested that Britain must be aligned with its regulations covering existing industries, such as chemicals, with Brussels bases to enhance market access.

However, European Union officials warn of “cherry choice” parts of the unified market and that the official goals of the United Kingdom have not changed. It includes accurate defense cooperation, removing barriers in front of food trade and mutual recognition of qualifications.

Reeves is scheduled to meet with senior CEOs of the city on Wednesday morning including Charles Nun, CEO of Lloyds Banking Group, Dan Olly, CEO of Harrifz Lansdoun, and Andrea Rossi, CEO of M & G.

It promised to talk about the influence and response they want to see from the government, “in response to the Trump tariff and global economic repercussions.

“No one wants to see a trade war,” Reeves said. “It is in an interest that no one.” Knee reactions will not be good for the UK or UK jobs, so we are dealing with this in a responsible and calm way, “Reeves said.

The chancellor added that she would seek to negotiate an American trade deal when she went to Washington later this month for the International Monetary Fund meeting for global ministers.

“There is no doubt that trade will be on the agenda when we are in the International Monetary Fund later this month,” she said.

“Nothing is outside the table” when seeking to respond to the tariffs that Trump imposes in the United Kingdom, which sparked a mutual rise in countries like China, but the UK government was “approaching a tariff with a cold head.”

Reeves said that the decision of the American media giant, to invest in a recreational park with millions of pounds in Bidford was “a real offer to trust in the UK economy.” The government invests in the infrastructure of local transport to facilitate the project.

She said that Kumca has chosen many different countries, but “the fact that they chose Britain showing the strengths of our economy, permanent power points, as well as our huge advantages in creative industries.”

Reeves said that the global economic turmoil launched by the Trump’s identification war made the UK a more attractive place for international investment.

She said: “Growth is the first task of this government, and securing this investment. This historic project is a testimony of the stability and safety offered by the United Kingdom as a place for investment.”

She said that the economy will witness “50 billion pounds of benefit” through “a mixture of strongest tax revenues [and] Also jobs that will create, and the money that will be placed in people’s pockets. ”

The development and operation of the site creates 20,000 jobs in a group of creative and creative industries, as well as in the retail and hospitality sector.

Reeves refused to be attracted about whether the government would need a reaction or take economic measures to support the already struggling British economy, which is at risk of being exposed to global trade war.

When I was asked about the possibility of high taxes or discounts in spending, she said: “Economic stability and financial stability, is the primary that supports him a strong and growing economy, and for this reason we, as a government, are committed to these financial rules.”