financetom
Business
financetom
/
Business
/
UK's Reeves to tell Davos: 'time to invest in Britain is now'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK's Reeves to tell Davos: 'time to invest in Britain is now'
Jan 20, 2025 4:29 PM

*

Reeves to highlight UK's economic, political stability at

Davos

*

Meetings planned with JPMorgan's ( JPM ) Dimon, other company

bosses

*

UK ranks second-most investible country after U.S. -

survey

LONDON, Jan 21 (Reuters) - British Finance Minister

Rachel Reeves will urge company bosses at the World Economic

Forum meeting in Davos, Switzerland, to invest in the UK,

emphasising its political and economic stability and

pro-business government, her office said on Tuesday.

Reeves, who will be accompanied by Business Minister

Jonathan Reynolds, will also highlight recent efforts to slash

burdensome regulation in meetings with various business leaders,

including JPMorgan ( JPM ) CEO Jamie Dimon and Goldman Sachs ( GS )

boss David Solomon.

"We are one of the most exciting places in the world for

them to put their money, with a history of innovation, a skilled

workforce and a stable government that backs business," Reeves

said in the statement. "The time to invest in Britain is now."

Reeves' travel to the Swiss town of Davos on Wednesday and

Thursday comes after the International Monetary Fund last week

bumped up its British growth forecast for 2025, while a PwC

survey published on Monday ranked Britain as the second most

investible country after the United States.

Since returning to power last July, Reeves' Labour Party has

been struggling with a sluggish economy, while a bond market

selloff earlier this month, which had a particular impact on

British markets, also piled pressure on the new government.

Reeves has urged British regulators to tear down barriers to

growth. On Monday, she told the Financial Times that she was in

favour of proposals from the country's financial regulator to

lift limits on mortgages to spur home-buying.

The Davos meeting this year comes as global leaders are

bracing for looming tariffs from U.S. President Donald Trump,

who was sworn in to office on Monday. A WEF survey of experts

released last week ranked armed conflict as the top risk in

2025, with extreme weather coming second.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved