UK Finance Minister Rachel Reeves pledges most 'pro-growth, pro-business' government the country has seen

"This is going to be the most pro-growth, pro-business Treasury that this country has ever seen," Reeves told CNBC's Steve Sedgwick via remote interview.

Reeves told CNBC that it was only through wealth creation that the living standards of ordinary Britons would be improved and more money would be available to invest in public services. Reeves, who has been in post for three weeks following Labour's landslide victory in the U.K.'s July 4 general election, was speaking from Rio de Janeiro, Brazil where she is attending a meeting of G20 finance ministers.The chancellor said she has already met with business leaders who are interested in doing business in the U.K. She acknowledged, however, that businesses needed more clarity on taxation.

Reeves declined to comment on the precise details, saying "issues around taxes are rightly for the budget." But she added that she wants to ensure Britain has a "competitive tax system."

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget SpeechAmitoj Singh is a CoinDesk reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »

UK finance minister hints at above-inflation pay rises for public sector workersUK finance minister hints at above-inflation pay rises for public sector workers
Source: Investingcom - 🏆 450. / 53 Read more »

Former Mozambique finance minister on trial in US over ‘tuna bond’ scandal that spurred debt crisisNEW YORK (AP) — The “ tuna bond ” scandal that shook Mozambique's economy is washing into a U.S. court, where a former Mozambican finance minister is
Source: Mynorthwest - 🏆 438. / 53 Read more »

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisisThe “tuna bond” scandal that shook Mozambique’s economy is washing into a U.S. court. Former Mozambican finance minister Manuel Chang is being tried on charges that he took bribes to secretly commit his country to huge loans that prosecutors say got looted. Chang has pleaded not guilty to conspiracy charges.
Source: AP - 🏆 728. / 51 Read more »

Thai deputy Finance Minister says need to align policies to lift economic growthThai deputy Finance Minister says need to align policies to lift economic growth
Source: Investingcom - 🏆 450. / 53 Read more »

Indonesia sees 2024 budget deficit at 2.7% of GDP, finance minister saysIndonesia sees 2024 budget deficit at 2.7% of GDP, finance minister says
Source: Investingcom - 🏆 450. / 53 Read more »