UK Chancellor Rachel Reeves announced that the country is in a competitive position for trade compared to others globally, citing recent deals with the US, India, and the EU as key factors. These agreements, collectively marked as the most significant since Brexit, facilitate easier exports and reduced tariffs. Reeves downplayed a trade relationship with China and expressed intentions to secure a deal with Gulf states like Saudi Arabia. She forecasts an upgrade in UK economic growth driven by these trade initiatives, encouraging investment and business opportunities.
Reeves described the recent trade deals as having "come along like buses" and hinted at expectations of an upgrade to UK economic growth forecasts as a result.
The first deal and the best deal so far with the US, we've got the best deal with the EU for any country outside the EU, and we've got the best trade agreement with India.
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