Rachel Reeves says closer UK and EU ties will boost economic growth

Published On Dec 8, 2024, 7:08 PM

Chancellor Rachel Reeves is advocating for a 'reset' in UK-EU relations to enhance economic growth. In her speech at the Eurogroup meeting, she will emphasize the importance of improving trade ties, despite Labour's promise not to rejoin the EU's single market or customs union. The goal is to reduce trade barriers and support UK businesses in accessing European markets. Discussions may lead to agreements on food and farm exports and less regulatory red tape for businesses. The context also includes potential changes in US tariffs under President-elect Trump, which could affect both UK and European economies.