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Rachel Reeves will try to determine the unfolding impact of President Trump’s Blitz rates on Wednesday when talking to some of the city’s top executives.
Sky News has heard this the chancellor Will talks with bosses of companies, including Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G amid continued volatility in global financial markets.
Insiders said the talks were convened to help the Treasury’s Financial Services Growth and Competition Strategy.
However, they have acknowledged that the fallout of our ratesAlthough it does not affect most city employers directly, it would appear prominently on Wednesday’s agenda.
“The Chancellor will use this meeting to show leadership, build on her statement to the home earlier today, and reiterate that the government will act decisively to make the right decisions in our national interest and protect working people,” a Treasury Insider.
Ms Reeves will emphasize a commitment to working with international partners to reduce barriers to trade, while practicing the best possible bilateral agreement with the US, they added.
Charlie Nunn, the Lloyds boss; Antonio Simoes of L&G; And then Olley, the head of Hargreaves Lansdown, will all attend the talks.
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It will be the latest in a series of meetings the Chancellor has held over the past few weeks to increase economic growth.
Her budget in October last year has attracted a furious setback from the business community, while the Spring statement from last month raised fresh fear of the possibility of further tax increase later this year.
None of the companies invited to Wednesday’s meeting will comment if they are approached by Sky News.
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