UK Chancellor Reeves and US counterpart Bessent meet finance chiefs
Finance bosses joined Chancellor Rachel Reeves and US counterpart Scott Bessent for talks on strengthening economic cooperation ahead of Donald Trump’s state visit.
The UK chancellor hosted Bessent and major banking and financial technology firms from both sides of the Atlantic for talks in 11 Downing Street.
Reeves said: ‘Together we are delivering investment and opportunity for both our countries.’
Attendees included senior representatives from Citigroup Inc, Morgan Stanley, Bank of America Corp, S&P Global Inc and BlackRock Inc.
Ahead of the US president’s arrival a number of American firms have announced investments in the UK.
Citi Group has confirmed it will invest £1.1 billion across its UK operations, while S&P Global will put £4 million into their Manchester offices and Bank of America will create up to 1,000 new jobs in Belfast in its first operation in Northern Ireland.
Other firms represented in 11 Downing Street included Barclays PLC, Circle, Schroders PLC, London Stock Exchange Group PLC, Revolut, Ripple, Coinbase Global Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Blackstone Inc, CD&R and HSBC Holdings PLC.
Officials said the meeting was intended to strengthen economic ties between the UK and the US, building on the £1.2 trillion invested in each other’s economies.
By David Hughes, PA Political Editor
Press Association: Finance
source: PA
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