Rachel Reeves dashes hopes of early breakthrough in UK-US trade deal

News Snapshot:

Rachel Reeves has dashed hopes of an early breakthrough in trade talks with the Trump administration, stressing that the UK is “not going to rush” into a deal. Speaking before her first face-to-face meeting with the US Treasury secretary, Scott Bessent, in which she was expected to lobby him to reduce tariffs, the chancellor said negotiations would take time. “We’re not going to rush a deal. We want to get the right deal that’s in our national interest, and those talks are ongoing,” she said. Asked about her discussions with Bessent – the first time the pair will meet face...