Finance
UK finance minister Reeves: economic headwinds are coming
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
UK finance minister Rachel Reeves warns of economic headwinds despite recent growth, emphasizing new trade deals with the US and India.
LONDON (Reuters) -British finance minister Rachel Reeves on Thursday said there were clearly economic headwinds approaching, speaking after data showed Britain's economy grew more strongly than expected in early 2025.
"There's clearly economic headwinds, and the world is changing. We can see that all around us, but we are a strong economy," Reeves told reporters, when asked whether growth was sustainable.
Reeves also emphasised the significance of the government's recently-announced trade agreements with the United States and India.
She said the government was "working through the detail" on the U.S. deal - a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports.
(Reporting by Muvija M, writing by William James; editing by Sarah Young)
The main topic is the economic headwinds facing the UK, as highlighted by finance minister Rachel Reeves.
The article mentions trade agreements with the United States and India.
Rachel Reeves is the British finance minister who commented on the economic outlook.
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