Rachel Reeves’s recent meeting with EU finance ministers represents the new Labour government’s latest attempt to ’reset’ relations with the bloc.
The UK must develop a “closer economic relationship” with the EU to boost the British economy and drive up living standards, Chancellor of the Exchequer Rachel Reeves told counterparts in Brussels.
Reeves made the remarks during a meeting of EU finance ministers, the first time that a British chancellor of the exchequer had attended the gathering since the UK left the bloc.
The chancellor said that Brexit “is expected to cause UK trade intensity to fall by 15% and with goods exports between both the UK and EU continuing to remain below 2018 levels, this is impacting UK and EU economies alike.”
“I know from speaking to business that they want to see trade barriers reduced. And so, the reset in relations is about doing what is in the best interests of our shared economies,” she…
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