Finance
UK's Reeves says confident UK-US economic deal will hold
Published by Global Banking and Finance Review
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
Rachel Reeves is confident the UK-US economic deal will remain stable despite geopolitical tensions, citing ongoing diplomatic efforts.
Jan 21 (Reuters) - British finance minister Rachel Reeves said on Wednesday she was confident that the economic deal signed with the United States last year will stay intact, despite escalating tensions between President Donald Trump and Europe over Greenland.
Speaking at the World Economic Forum in Davos, Switzerland, Reeves cited remarks from U.S. Commerce Secretary Howard Lutnick that there was no reason why trade deals should be undone, adding that she had seen him on Tuesday.
"I'm confident that our diplomacy, the work that we are doing will mean that we can stick with that deal that we secured with the U.S. last year," Reeves told Channel 4 News.
The United States and Britain announced a deal last year to lower tariffs on some goods, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
(Reporting by Andy Bruce; editing by Suban Abdulla)
Financial stability refers to a condition where the financial system operates effectively, with institutions able to withstand economic shocks and continue to provide essential services.
The UK economy encompasses the economic activities and financial systems of the United Kingdom, including production, consumption, and trade.
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