Great Britain will not reduce its standards or have not reduced the regulations in exchange for a trade agreement with the United States, the Chancellor confirmed.
Rachel Reeves Spoke before a central meeting with its American counterpart in Washington DC.
In an interview with Sky News, Ms. Reeves said she was “confident” that an agreement would be concluded, but said that she had red lines on food and car standards, adding that online security changes were “non -negotiable for the British government”.
The comments mark the firmer engagement towards a series of rules and regulations which have long been a reproach for the Americans.
Rachel Reeves spoke to Gurpreet Narwan de Sky
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The American administration is pressure for the United Kingdom to relax rules on agricultural exports, including beef treated with hormone.
Although Great Britain can reduce prices on certain agricultural products that comply with regulations, ministers have clearly been clearly that it will not reduce its standards.
However, the government was less firm with its position on online security.
A technical red line
The American technology industry has fiercely opposed to the online online security law, which was introduced in 2023 and obliges technological companies to protect children from harmful online content.
In a previous project of the UK’s trade agreement, the British government was considering an examination of the bill in the hope of unwinding the American tariffs.
However, the Chancellor suggested that it was no longer on the table.
“Regarding food standards, we have always been very clear that we are not going to water the standards in the United Kingdom and likewise, we have just passed the law on online security and security, especially our children, is not negotiable for the British government,” she said.
She added that Great Britain “was not going to water the road safety zones”, a movement that could open the way to American SUVs that were designed to protect passengers but not pedestrians.
While non-pricing barriers will remain intact, it was reported Tuesday evening that the United Kingdom could reduce its automobile rate by 10% to 2.5%.
The calculations behind the red lines of Reeves
What can Americans of Americans be ready to reduce its standards to Americans?
Donald Trump previously described non -pricing obstacles that block American exporters as a “cheating”.
Great Britain has a certain scope to reduce prices rates – and Rachel Reeves suggested that it was its objective – but ours is already a very open saving, we have no huge range to reduce tariff rates.
The real price for Americans is in the field of these non -pricing barriers.
There was a lot of speculation about what the United Kingdom could offer, but the chancellor gave a full commitment on Wednesday that she would not dilute the standards.
There are many who sigh in collective relief – from British farmers to road safety activists and parents of young children.
Although the government is sensitive to any potential public backings, it also has another factor to think.
When Ms. Reeves arrives at home, she will start the preparations for a UK summit in London next month.
Food and road safety standards of the United Kingdom are, in many regions, in synchronization with Europe, and Great Britain seeks even deeper integration.
The reduction in standards for Americans would make it impossible for a deeper alignment with Europeans.
The chancellor must decide which market is the most precious for Great Britain.
The answer is Europe.
Back home, the Chancellor suggested that she was still open to relaxing rules on the City of London, even if the global financial markets have endured a period of troubles, triggered by President Trump’s trade war.
Reforms at home?
In her speech as a mansion last November, the Chancellor said Post-2008 reforms had “gone too far” And define the city deregulation course.
When asked if it was a wise decision in the light of recent net fluctuations on the financial markets, Ms. Reeves said: “I want regulators not only for risk but also for growth.
“We make reforms and have established new letters of delivery to our financial services regulators.”
Borrowing costs from Great Britain Operate their highest level in almost 30 years after the announcements of the Trump release day prices, a brutal reminder that political decisions in the United States have the power to increase the United Kingdom’s bond yields and, in turn, to affect the Chancellor’s budget, to untie its already small point room and to derail its tax and expenditure plans.
However, the Chancellor said that she would not plan to adapt her tax rules, which include a promise to cover daily expenses with tax receipts, even if it gives her more room to maneuver in the face of volatility.
“The budgetary rules are not negotiable for a simple reason, which Great Britain must offer under the government’s budgetary and financial stability, which is so important in a world of global uncertainty,” she said.