independent.co.uk
UK's Economic Slowdown and US Trade Deal Ambitions
UK Chancellor Rachel Reeves aims for a US trade deal despite a flatlining economy and potential trade war risks; concerns over Brexit's impact are also raised.
English
United Kingdom
PoliticsInternational RelationsEconomyUkTradeBrexit
LabourOffice For National Statistics (Ons)Bank Of EnglandConfederation Of British IndustryInstitute Of Chartered Accountants In England And Wales
Rachel ReevesDonald TrumpMel StrideAndrew BaileyLiz Mckeown
- How did Rachel Reeves respond to criticism regarding the recent economic performance?
- Reeves acknowledges the disappointing economic figures but defends her budget choices as necessary for stabilizing public finances. She emphasizes her commitment to protecting British farmers from unfair competition.
- What is Chancellor Rachel Reeves's primary economic goal concerning the United States?
- Rachel Reeves, the UK's chancellor, is aiming for a free trade deal with the US, despite the UK's flatlining economy and potential trade war risks with the US under President Trump.
- What is a major point of contention in potential trade negotiations between the UK and the US?
- A key sticking point in potential US-UK trade talks is the issue of chlorinated chicken and hormone-fed beef, practices commonly used in US factory farming but opposed by many in the UK.
- What were the recent economic growth figures for the UK, and how do they compare to expectations?
- The UK's economy grew by only 0.1 percent between July and September, worse than expected, and real GDP per person fell. This slowdown follows a previous quarter's 0.5 percent growth.
- What are some concerns expressed by the Bank of England and economic experts about the UK's economic outlook?
- The Bank of England's governor warned about the economic consequences of Brexit, and experts express concerns about uncertainty leading to reduced spending and investment.