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Closer UK and EU ties will boost growth, says Reeves

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Closer relations between the UK and the EU will boost economic growth, Rachel Reeves will tell European finance leaders on Monday. In the first address by a British chancellor to the Eurogroup since Brexit,
Rachel Reeves, the UK's new finance minister, has expressed her intention to strengthen economic ties with the European Union to boost growth, as reported by MSN Money. In her first major speech since taking office, Reeves highlighted the need for closer collaboration with the EU to enhance economic stability and growth, despite the UK's exit from the bloc. She emphasized that while rejoining the EU's single market or customs union is not on the agenda, improving trade relations and reducing trade frictions could significantly benefit the UK economy. Reeves also mentioned the potential for negotiating a better deal with the EU, focusing on sectors like financial services, which could lead to increased investment and job creation. This approach aims to address the economic challenges post-Brexit by fostering a more cooperative relationship with Europe.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/closer-uk-and-eu-ties-will-boost-growth-says-reeves/ar-AA1vuVKQ ]