Reeves to meet US financiers as Trump presidency kicks off
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Rachel Reeves will hold talks with some of Wall Street’s leading financiers in Davos this week, less than hours after Donald Trump's second US presidency gets underway. Sky News understands that the chancellor will attend a breakfast hosted by JP Morgan on Wednesday amid speculation about the threat of US tariffs being imposed on the UK as well as the prospects for a bilateral trade deal between the two countries.
Among those attending the meeting will be Filippo Gori, JP Morgan's European chief; Richard Gnodde, who runs Goldman Sachs's international operations; Sharon Yeshaya, Morgan Stanley's chief financial officer; and Jenny Johnson, president and chief executive of Franklin Templeton.
Money latest: Soldier reveals financial benefits of the army. The talks, to be held during the annual World Economic Forum, will come amid growing concern about the impact of the chancellor's October budget on sentiment among international investors in Britain.
Despite hailing £63bn of investment committed at a key summit, weeks before Ms Reeves' first fiscal event, the government's non-dom reforms have sparked fears about an exodus of wealth creators from the UK. The chancellor will use Wednesday's event to talk up the government's economic agenda, even after a torrid period which saw a spike in the cost of government borrowing, sparking brief comparisons with the aftermath of the Liz Truss administration's mini-Budget in 2022.
