As the Chancellor Rachel Reeves flies into Washington for a series of high-level meetings, there is lots of spin from the Treasury that she is about to tie up a trade deal with the United States. The plan is that it would save the UK from tariffs and may even give a much needed boost to the British economy. But all the evidence we have tells us that Reeves is a terrible negotiator who constantly overestimates her own abilities. It is far more likely she will blow the deal at the last minute.
It hardly sounds like a very promising meeting. On Friday, Reeves is due to meet with President Trump’s Treasury Secretary Scott Bessent.
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