Rachel Reeves heads to Saudi Arabia on trade deal mission as Autumn Budget looms
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Rachel Reeves heads to Saudi Arabia on trade deal mission as Autumn Budget looms
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"Rachel Reeves will head to Saudi Arabia on Monday as she looks to strengthen the UK's economic relationship with the country, briefly leaving behind the growing speculation at home on the upcoming Autumn Budget. The chancellor will use the visit to Riyadh to try to make progress on a trade deal with the Gulf Co-operation Council (GCC), meeting senior Saudi royals, US administration figures and global business chiefs."
A news outlet seeks donations to fund on-the-ground reporting, resists paywalls, and investigates topics including reproductive rights, climate change and Big Tech. Donations are presented as enabling reporters to speak to both sides of stories and keeping journalism accessible to all. Rachel Reeves will head to Saudi Arabia to strengthen the UK's economic relationship, pursue a trade deal with the Gulf Co-operation Council and meet senior Saudi royals, US administration figures and global business leaders. Treasury estimates suggest a GCC agreement could add 1.6 billion to the UK economy and contribute an additional 600 million to UK workers' annual wages. The trip takes place shortly before the Autumn Budget amid pressure over pre-election tax pledges.
Read at www.independent.co.uk
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