US Edition
Reeves says Gulf trade pact is Government’s ‘next deal’ after EU summit
- Chancellor Rachel Reeves said on May 20, 2025, that the UK is close to finalizing a trade agreement with six Gulf Cooperation Council nations including Saudi Arabia and Qatar.
- This follow-up pact follows previous Brexit-related challenges and new trade deals with the EU, US, and India aimed at restoring Britain's global trade presence.
- The Gulf agreement seeks to boost British investment access, digital innovation, and trade ties, while negotiations continue over outstanding provisions in goods and financial services.
- Reeves stated that enhanced trade collaboration between the UK and Gulf states could boost their mutual trade volume by approximately 16%, contributing around £8.6 billion annually to the UK economy over the long term.
- This deal may strengthen post-Brexit growth yet remains vulnerable to external shocks and does not guarantee broad public benefits on wages or job security.
9 Articles
9 Articles
After UK-EU reset, Arab Gulf deal next in crosshairs for Reeves
The UK is eyeing a major deal with major Arab Gulf states following Monday's landmark pact with the EU, aimed at resetting post-Brexit relations. Chancellor of the Exchequer Rachel Reeves said she was looking to strike trade deals with Saudi Arabia, UAE and Qatar, as the UK sought to expand its economic opportunities following its exit from the European Union in 2020. "Britain is in a better place than any other country in the world in terms of …
UK treasury chief says closer to signing trade deal with Gulf Arab states
The UK is closer to finalising a trade agreement with the Gulf Cooperation Council, which includes Saudi Arabia, Qatar, UAE, Kuwait, Bahrain and Oman, Chancellor of the Exchequer Rachel Reeves said on May 20.
Rachel Reeves says Gulf pact is UK’s ‘next deal’ as she claims Britain is better placed on trade ‘than any other country'
Chancellor Rachel Reeves said the Government is nearing a trade pact with six Gulf nations, including Qatar and Saudi Arabia, as its next major deal.
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