US EditionUK finance minister to join Saudi investment summit and hold Gulf trade talks
Chancellor Reeves aims to boost UK economy and wages by £1.6 billion and £600 million respectively through a UK-GCC trade deal amid Budget challenges, officials said.
- Rachel Reeves is in Riyadh to push progress on a Gulf trade agreement and to court investors, leading a UK delegation and speaking at the Fortune Global Forum on Monday and FII on Tuesday.
- With less than a month before a potentially difficult Budget, Reeves is prioritising growth as her `number one priority`, and the Treasury hopes a GCC deal could add 1.6 billion to the UK economy and 600 million to workers' wages.
- She is planning talks with counterparts from Bahrain, Kuwait and Qatar to advance negotiations as Trade Minister Chris Bryant said talks are at an "advanced stage" despite union concerns this month.
- Riyadh Air's inaugural flight to Heathrow highlights growing aviation and investment ties, with a series of investment announcements expected over the coming days involving Saudi Arabia's Public Investment Fund.
- Reeves said she was `I am really confident we can get that deal over the line` and added she was hopeful it could be reached `very soon`, while Britain's finance ministry said she would be `honest over areas of divergence and cultural differences`.
12 Articles
12 Articles
UK chancellor hopeful for Gulf trade deal ’very soon’
UK chancellor Rachel Reeves said on Monday she was confident a trade deal with Gulf countries can be done quickly after she had 'really good' meetings in Riyadh about an agreement that could help her plan to speed up economic growth. "I am really confident we can get that deal over the line," she said at a forum held in the Saudi capital, adding she was hopeful that the agreement could be reached "very soon". Reeves, making the first visit to th…
UK finance minister to join Saudi investment summit and hold Gulf trade talks
British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years.
UK Chancellor to Press for Gulf Trade Deal in Riyadh Visit
UK Chancellor of the Exchequer Rachel Reeves will seek to accelerate trade talks with the Gulf states during a visit to Saudi Arabia, as she tries to boost the country’s growth prospects ahead of her crucial budget.
UK finance minister praises GCC free trade talks
Rachel Reeves in Saudi Arabia Due to address FII conference Confident UK-GCC deal will get done UK chancellor of the exchequer Rachel Reeves told an audience in Riyadh that agreeing a long-discussed UK-GCC trade deal is a priority for her government. Speaking at the Fortune Global Summit as part of a two-day trip to Saudi Arabia that will also see her address the Future Investment Initiative conference, Reeves said that productive talks are ongo…
Chancellor heads for Gulf in bid to boost trade and investment – Mnnofa
Rachel Reeves is to meet ministers from Saudi Arabia and Qatar on Monday and Tuesday – the first UK chancellor to visit the Gulf in six years. A series of two-way trade and investment deals are expected to be announced during her visit to the Future Investment Initiative (FII) in Riyadh, dubbed the “Davos in the Desert”. The government is keen to promote the UK as a stable and attractive place to do business for the countries that make up the Gu…
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