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Reeves and US counterpart Bessent meet finance chiefs

UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met with major financial and crypto firms to develop a joint regulatory framework focusing on stablecoins and digital assets.

  • On September 16, 2025, at 11 Downing Street, UK finance chief Rachel Reeves met with her American counterpart Scott Bessent to discuss enhancing economic collaboration ahead of Donald Trump’s upcoming visit to the United Kingdom.
  • The meeting followed ongoing concerns about Britain’s economic outlook, with investors rapidly selling UK shares and wealth creators leaving amid fears over upcoming tax rises and market instability.
  • Senior representatives from major banks and fintech firms from both countries participated, including Citi, Bank of America, Barclays, Coinbase, and Ripple, while talks also addressed coordinating crypto regulation and digital asset innovation.
  • A Bank of America survey found fund managers 20% underweight UK stocks, the largest downward shift since 2004, with investors described as "terrified" and viewing the UK increasingly as an "emerging economy."
  • The discussions aim to deepen US-UK financial ties, increase American investment, and align crypto rules to foster innovation despite the UK’s cautious regulatory approach and a bleak fiscal outlook.
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Evening StandardEvening Standard
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Reeves and US counterpart Bessent meet finance chiefs

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

·London, United Kingdom
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The Independent broke the news in London, United Kingdom on Tuesday, September 16, 2025.
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