Chancellor of the Exchequer will today arrive in Rio de
Janeiro, Brazil, to attend the G20 Finance Ministers and Central
Bank Governors Meeting on her first international visit since
taking office.
The Chancellor will meet with G20 counterparts for the first
time, where she will champion British business and declare the
country is ‘open for business' once again after years of
uncertainty and instability.
The Chancellor will tell an international audience that the
number one priority of the new British government is to deliver
economic growth to make every part of the country better off. She
will urge business leaders to “take another look at Britain” as
she talks to the Government's plans to boost international
investment.
She will outline to leaders of world economies how she will
always act in the national interest on major international
issues, including climate change and support for Ukraine as
Russia's illegal invasion continues into its third year. The
Prime Minister has already recommitted £3 billion per year of
military support to the end of the decade or for as long as
needed.
, Chancellor of the Exchequer,
said:
“Over the coming days my message to international leaders is
simple: after years of uncertainty and instability, Britain is
open for business once again.
“This new government's number one mission is to boost economic
growth so we can make every part of the country better off. That
can only happen by working alongside business from around the
world to encourage them to invest in the jobs and industries of
the future.
“That is why over the coming two days I will be banging the drum
for British business and urging leaders to take another look at
us.
“I'm ready to take my seat at the table alongside fellow finance
ministers, steering the world economy and representing our
national interests on the major issues of our time, including
grasping the growth opportunities of the net zero transition and
putting pressure on Russia to end the war in Ukraine.”
Chancellor Reeves will also use her platform as the UK's first
woman Chancellor to champion the importance of female leadership
in economics and finance, as she meets with other female leaders
while at the G20.
Chancellor Reeves' visit to Brazil is the latest step in the
government's national mission to grow the economy. Since taking
office, she has pursued reform of the economy to fix its
foundations and make every part of Britain better off, including
announcing changes to the planning system, ending the ban on new
onshore wind and launching a National Wealth Fund to catalyse
private sector investment.
Brazil holds the presidency for the G20 this year, with a focus
on social inclusion and the fight against hunger; energy
transition and sustainable development; and reform of global
governance. Ministers and governors will discuss the global
economy, financial stability, international taxation, climate,
and debt and development. The Chancellor will promote
collaboration on issues including addressing inequality, driving
growth and progressive taxation.
The UK and Brazil's relationship is particularly strong in green
finance, with Brazil raising $2 billion by listing its new
sustainable sovereign bond on the London Stock Exchange. The UK
government recently renewed its Memorandum of Understanding with
the Brazilian Development Bank on cooperation on the green
transition, in particular on green finance. Britain has also made
£5 billion available in UK Export Finance funding to meet
Brazil's needs.
