The chancellor says she “understands what President [Donald] Trump wants to address” with his tariffs, ahead of talks with her US counterpart in Washington on Friday. Rachel Reeves said there were similarities with the way both the US and UK governments had come to power off the back of voter frustration with the economy.

By William Schomberg WASHINGTON (Reuters) -British finance minister Rachel Reeves met U.S. Treasury Secretary Scott Bessent on Friday to discuss a trade deal, shortly after saying that improving business ties with the European Union was "arguably even more important.

UK Chancellor Rachel Reeves suggested that Britain’s trade connections with the EU were more important than with the US.