Rachel Reeves is looking to care for Green GDP buds

With the outbreak of the news on Friday that the British economy had become amazing 0.5 percent in February, the highest expectations of analysts, Chancellor Rachel Reeves had breakfast at Downing Street with economists.

the GDP bump He was transferred to Reeves by a WhatsApp auxiliary, which prompted the counselor to respond hidden with an expressive “heart”. One of Reeves said: “I was surprised, everyone was surprised.”

As for the consultant, it was a welcome comfort: a sign, perhaps, the increase in the “job tax” of the employer in the autumn budget of 25 billion pounds, had no chilling effect.

but Refiz He hurried to note that this was just a snapshot of one month and that the data of the National Statistics Office covered a moment in a timely manner before US President Donald Trump launched his global trade war.

“The world has changed,” said Reeves on Friday morning. Its mission is to ensure that the signs of the British economic spring are not eliminated through the ice winds that are blowing through the global trading system.

Reeves breakfast was part of a series of meetings this week to plan a way to move forward with the economy and consider how to protect those sectors exposed to the introductory disorder.

Its starting point is that the 10 percent foundation tariff of Trump – which strikes Britain alongside most other countries – will be suspended in the foreseeable future, whatever the commercial deal to the United Kingdom with the United States.

While the ministers hope that they could persuade Trump to reduce the tariff of 25 percent on British car exports, Prime Minister Sir Kerr Starmer warned this week that the US President’s attack was not a “passing phase.”

Starmer promised the “turbide charge” current government plans – instead of presenting a set of new policies – to deal with the new environment, as well as REVES is looking to speed up things.

However, some Labor Party deputies believe that Starmer and Rifez have not yet found policy response to suit their dramatic discourse over the “end of globalization”. Someone said: “Everything is talking about it well, but where is the procedure?”

Reeves allies talk about a response from four aspects-or “four buckets”, to use the Treasury-one of whom includes the advisor who plays a global role in building commercial alliances and defending free trade.

It is striking that Reeves is now the second tallest financial minister G7 – after Giancarlo Giogeletti in Italy – although she was in the stage for only nine months. The meetings of the International Monetary Fund and the World Bank in Washington are seen later this month as a major moment.

Reeves allies claim that it can play a role in trade in the same way as Starmer played a leading role in trying to form a “alliance of those wishing” to secure any peace deal in Ukraine. This initiative, in the absence of peace, definitely stopped.

The second element will see that the government rushes decisions on reviewing public spending and industrial policy – both of which were to bear fruit in June – to support the economy.

Reeves wants to issue some ads in the coming weeks, including settling parts of spending – “Ground Zero”, a multiple look at all Whitehall spending plans – before the deadline on June 11.

The spending review will focus on £ 20 billion from the additional borrowing of capital expenditures permitted each year under the financial rules of Reeves, specified last October, to support areas such as transportation infrastructure and energy projects.

One of Reeves ally said: “We do not want to see this money just used to repair school surfaces.” “We want to invest in technology in the public sector. There is a large amount of money to invest in high growth areas.”

A third “bucket” is linked to the invitation of the most affected sectors of the Trump tariff, especially cars, life sciences and pharmaceutical preparations – associated with the development of the industrial strategy.

The ministers are also preoccupied with saving the steel industry, in which structural problems were afflicted before Trump imposed a 25 percent global tariff on US steel imports.

Emergency legislation will be presented on Saturday to Try to save the British steel station In Scunthorpe, the last melting oven facility in the country.

The problem, according to people who are working closely in the new industrial strategy, is that it does not retreat to the scope of the global change that occurs – with the preferred phrase – “before our eyes”.

“As at the present time, it’s a complete red herring,” said a person working on the strategy, which aims to focus on eight sectors for the main growth.

The Reeves team insists that the industrial strategy is not related to money – organizational reform and removal of barriers that prevent growth are decisive – but they realize that they look at it on the pyderum but without money.

One of the ally said: “Kiir and Rashil sees this as a priority. There is definitely renewed energy in the industrial strategy.”

The fourth part of the Reeves plan is to complete an American trade deal, which he focused greatly on the cooperation of accurate technology, although an “economic agreement” with Trump does not seem to be high on the White House’s agenda at the present time.

Just as Starmer and REEVES are trying politically to develop closer economic relations with Europe-a decisive summit in the United Kingdom-the European Union on May 19-based on a proposed agreement to link the British military capabilities and the European Union.

The most sensitive is an attempt to build commercial links with China, it seems that Trump will not notice. Douglas Alexander, Minister of Commerce, was in China this week.

Reeves, who used to receive bad economic news more than good on her phone, faces a few decisive weeks because she is trying to graze against the elements that were erased “green buds” in February growth numbers.