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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.