A two-day visit by Rachel Reeves to the “Davos in the Desert” conference in Saudi Arabia has ended with claims that a trade deal between Britain and six Gulf states is “almost done”.
The UK chancellor is seeking the agreement to nudge up Britain’s growth prospects ahead of her November 26 Budget, but also used her visit to drum up investment in a new high-tech Oxford-Cambridge growth corridor.
Qatar finance minister Ali al Kuwari said at the Future Investment Initiative in Riyadh on Tuesday that a “GCC-UK [trade deal] is almost done”. Reeves replied: “We are going to get that done.”
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