UK Finance Minister Rachel Reeves to Hold High-Level Talks Amid Market Volatility

British Finance Minister Rachel Reeves is set to hold discussions with top executives from major financial firms including Hargreaves Lansdown, Legal & General, Lloyds Banking Group, and M&G, Sky News reported on Tuesday. The meetings come in response to ongoing volatility in global financial markets. While the finance ministry declined to comment on the report, the planned engagements signal a proactive approach to maintaining economic stability.

In a separate development, Reeves announced on Tuesday that she would soon meet with U.S. Treasury Secretary Scott Bessent. The talks are part of broader efforts to establish a new economic partnership between the United Kingdom and the United States. London is aiming to reduce tariff levies that have impacted trade between the two countries in recent years.

The push for a new partnership follows the imposition of steep tariffs by former U.S. President Donald Trump, including a 10% levy on most British imports and a 25% tariff on critical sectors such as automobiles and steel. As part of its economic strategy, the UK is seeking to renegotiate terms that could ease the burden on key industries and strengthen transatlantic trade relations.

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