London - On October 13, 2024, UK Chancellor Rachel Reeves announced plans to enhance economic relations with Germany, emphasizing the importance of German investment in the UK. In an article for the 'Handelsblatt', Reeves highlighted Germany as the UK’s second-largest trading partner.
Reeves expressed her desire for companies to choose the UK to create future jobs, benefiting families in both nations. The new Labour government aims to move past Brexit challenges and foster close cooperation with European partners.
The Labour government's strategy is built on shared values and collaboration with allies, particularly Germany. In August, Prime Minister Keir Starmer and Chancellor Olaf Scholz agreed to establish a new bilateral treaty focusing on economic cooperation.
Reeves underscored the government's industrial strategy, which presents opportunities for German businesses in key sectors such as climate neutrality, artificial intelligence, and healthcare advancements. These areas align with shared goals and perspectives between the two countries.