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UK's Reeves to tell Davos: 'time to invest in Britain is now'
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UK's Reeves to tell Davos: 'time to invest in Britain is now'
Jan 20, 2025 4:29 PM

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Reeves to highlight UK's economic, political stability at

Davos

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

bosses

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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.

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