File picture: Britain’s Chancellor of the Exchequer Rachel Reeves delivers her Spring Statement of the budget at the House of Commons in London, Britain, March 26, 2025.
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House of Commons
British finance minister Rachel Reeves on Thursday said there were clearly economic headwinds approaching, speaking after data showed Britain’s economy grew more strongly than expected in early 2025.
“There’s clearly economic headwinds, and the world is changing. We can see that all around us, but we are a strong economy,” Reeves told reporters, when asked whether growth was sustainable.
Reeves also emphasised the significance of the government’s recently-announced trade agreements with the US and India.
She said the government was “working through the detail” on the US deal – a limited bilateral trade agreement that leaves in place Trump’s 10 per cent tariffs on British exports.
Published on May 15, 2025