In Full: Reeves on UK-US Trade, Pension 'Megafunds,' Regulation

UK-US Free Trade Agreement

On Monday, UK Business Secretary Grant Shapps stated that the UK and the US are "weeks, not months" away from reaching a free trade deal. Speaking at the Global Investment Summit in London, Shapps said that the two sides are "very close" to an agreement and that he is "confident" that a deal will be reached "very soon."

Benefits of a UK-US Free Trade Deal

• Increased trade and investment between the two countries
• Lower tariffs and other barriers to trade
• Greater harmonization of regulations
• Easier movement of goods and services between the two countries

Pension 'Megafunds'

The UK government is considering creating a number of "megafunds" to invest in UK infrastructure and other long-term assets. The megafunds would be managed by private sector fund managers and would be expected to attract investment from both domestic and international investors. The government believes that the megafunds would help to boost economic growth and create jobs.

Benefits of Pension 'Megafunds'

• Increased investment in UK infrastructure
• Higher returns for pension savers
• Greater diversification of pension portfolios
• Support for economic growth and job creation

Regulation

The UK government is also planning to introduce a number of new regulations to the financial sector. The regulations are aimed at increasing competition and protecting consumers. The government believes that the regulations will help to make the financial sector more stable and resilient.

Benefits of Financial Regulation

• Increased competition in the financial sector
• Greater protection for consumers
• Enhanced stability and resilience of the financial sector