British finance minister Reeves to hold tariff crisis talks with top executives, Sky News reports - Headlines news and analysis from Global Banking & Finance Review
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British finance minister Reeves to hold tariff crisis talks with top executives, Sky News reports

Published by Global Banking & Finance Review

Posted on April 8, 2025

1 min read

· Last updated: April 8, 2025

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Reeves to Discuss Tariff Crisis with Top Executives

(Reuters) - British finance minister Rachel Reeves will hold talks with bosses from companies including Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G amid ongoing volatility in global financial markets, Sky News reported on Tuesday.

The finance ministry declined to comment on the report.

This comes as Reeves on Tuesday said she would meet U.S. Treasury Secretary Scott Bessent soon as part of broader talks over a new economic partnership that London hopes will reduce its tariff levy.

U.S. President Donald Trump imposed a 10% tariff on most imports from Britain and a 25% tariff on key sectors such as cars and steel.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Chris Reese)

Key Takeaways

  • Rachel Reeves to hold talks with top UK company executives.
  • Discussions focus on ongoing global financial market volatility.
  • Reeves plans to meet U.S. Treasury Secretary for economic talks.
  • UK seeks to reduce tariffs imposed by U.S. on key sectors.
  • Finance ministry has not commented on the reported talks.

Frequently Asked Questions

What is the main topic?
The main topic is British finance minister Rachel Reeves holding talks with top executives about tariff issues and economic partnerships.
Who will Rachel Reeves meet?
Rachel Reeves will meet with executives from companies like Hargreaves Lansdown, Legal & General, and Lloyds Banking Group.
What are the tariffs imposed by the U.S.?
The U.S. has imposed a 10% tariff on most imports from Britain and a 25% tariff on key sectors such as cars and steel.

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