Britain will not be 'buffeted around' by Trump tariffs, says Reeves

Rachel Reeves says Britain volition not beryllium "buffeted around" by American threats to levy caller tariffs arsenic portion of its pursuit of Greenland.

Speaking to Sky News successful Davos up of Donald Trump's accomplishment astatine the World Economic Forum, the chancellor said her policies and attack successful Davos would support the British nationalist interest.

"Britain is not present to beryllium buffeted around," she said.

"We've got an economical plan, and it is the close 1 for our country. If different countries privation to summation commercialized barriers, that is their choice, but we are determined to bring commercialized barriers down."

Money blog: Interest rates 'will autumn much than markets deliberation successful 2026'

Ms Reeves pointed to the commercialized and co-operation statement struck with the US past twelvemonth arsenic grounds that the UK tin bash deals with the Trump administration, and defended the premier minister's determination not to be the Davos meeting.

"At the moment, nary tariffs person been imposed and I deliberation the close attack and the attack that our premier minister, Keir Starmer, has taken implicit the past twelvemonth oregon so, is to effort and de-escalate and get the champion woody for Britain," she added.

"We got the champion deal, the archetypal commercialized woody with the US past year. And I'm assured that we volition proceed to get a bully woody for Britain, and astir the world."

Britain astatine Davos

The chancellor is starring a delegation of ministers and businesses successful Davos and claimed £1.5bn of caller inward concern has been secured here.

"I've been with businesses already this greeting present successful Davos, British businesses and planetary investors who are excited astir the opportunities successful Britain, whether that is successful AI oregon technology, fiscal services oregon cleanable energy. I'm truly excited astir those opportunities."

Reaction to terms rises

She besides defended measures to bring down ostentation aft a higher than expected increase successful CPI successful December to 3.4%.

"Inflation was expected this period to summation slightly, that was the Bank of England forecast... it is besides wide that they expect ostentation to instrumentality to the 2% people by precocious spring, aboriginal summer.

"That continues to beryllium our anticipation due to the fact that of the measures that I took successful my fund to instrumentality £150 disconnected vigor bills, arsenic good arsenic freezing obstruction fares and medicine charges."