Davos day two: Rachel Reeves to outline the year ahead for the UK – live updates
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Good morning from Davos, where the second day of the World Economic Forum. We’re about to hear from UK chancellor Rachel Reeves, and business secretary Jonathan Reynolds, as they hold a session with Bloomberg on “The Year Ahead for the UK”. It’s part of a push by Reeves and Reynolds at Davos this week, to meet with CEOs and investors and tell them that “the time to invest in Britain is now”.
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The Treasury say the ministers will “bang the drum for British business” at the WEF, as part of the government’s agenda for growth. During her two-day trip to Davos, Reeves is meeting business leaders including the JPMorgan Chase chief executive, Jamie Dimon, and Jo Taylor, president of giant Canadian pensions fund the Ontario Teachers’ Pension Plan.
She received a boost earlier this week, when a survey from PwC showed the UK is the second most attractive country for investment behind the US. WEF will hear speeches from António Guterres, Secretary-General of the United Nations, which is timely as delegates here watch to see how Donald Trump pushes for peace in the Russia-Ukraine war.
Europe’s economic malaise, and the impact that AI is having on economies, will also be on the agenda. 8.15am CET/7.15am GMT: Rachel Reeves holds a ‘fireside chat’ with Bloomberg at Davos. 9am CET/8am GMT: A session on Russia’s future. 10.15am CET/9.15am GMT: A session on ‘Where Are Interest Rates Going?’.
