Britain | A mountain to climb

The Rachel Reeves theory of growth

The chancellor says it’s her number-one priority. We ask her what that means for Britain

Rachel Reeves at the World Economist Forum in Davos, Switzerland
Photograph: Getty Images
|DAVOS

SPEAK TO the world’s financiers assembled at Davos this week, and Britain rarely comes up. When it does, the mood is hardly complimentary. One banker remarks on how many millionaires have recently left the country. Another financial executive says that Brexit has shrunk the investor base. Others raise a comment by Ray Dalio, a billionaire, who warned on January 21st of a “debt death spiral” in Britain if public spending is not reined in.

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This article appeared in the Britain section of the print edition under the headline “The Rachel Reeves theory of growth”

From the January 25th 2025 edition

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