UK-EU Trade Takes Priority Over US Deals, Says Reeves

Shadow Chancellor Rachel Reeves has emphasised that strengthening trade relations with the European Union should take priority over forging new trade deals with the United States. Speaking at a recent business forum, Reeves underlined that the EU remains the UK’s largest trading partner, making its economic relationship with Europe vital for future growth.

Reeves stated that while a good trade deal with the US is beneficial, the volume and importance of trade with the EU are far greater. She pointed out that British businesses continue to face hurdles when trading with European countries post-Brexit, and these barriers must be addressed to support economic recovery and stability.

“Rebuilding our economic ties with the EU is not just about trade numbers; it’s about securing jobs, boosting exports, and creating opportunities for businesses across the UK,” Reeves said. She also indicated that a Labour government would work towards removing unnecessary trade barriers, improving market access, and restoring trust with European partners.

At the same time, Reeves acknowledged the strategic importance of maintaining strong relations with the United States, particularly in areas such as security, investment, and innovation. However, she made it clear that trade with the EU has a more immediate and direct impact on the British economy.

Business leaders welcomed her comments, expressing hope that future policies would ease the challenges they currently face when exporting to Europe. Analysts have also noted that improved relations with the EU could strengthen the UK’s overall global standing and help attract new investment.

As the next general election approaches, trade and economic relations with major partners like the EU and the US are likely to be key issues for voters and businesses alike.