Budget headroom and tax stance

Chancellor of the Exchequer Rachel Reeves says the UK wants to reduce tensions with the US over President Donald Trump’s threat of new tariffs, ahead of his arrival at the annual World Economic Forum in Davos. “I don’t think it’s in anyone’s interest to escalate tensions, or to allow rhetoric to be a substitute for hard work and diplomacy,” Reeves speaks with Bloomberg's Francine Lacqua e in Davos, Switzerland.

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