Reeves on the line: an interview with Britain's chancellor at Davos

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• 00:03

  The Economist.

• 00:10

  It's that time of the year again.

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  It is my great honour to welcome you to the World Economic Forum's annual meeting in 2025.

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  The bosses of firms from UBS to DHL, as well as celebrities like David Beckham,

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  have descended on the Swiss mountain town of Davos.

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  And why wouldn't they?

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  For one week only, the world's wealthiest people are in a single place to do deals,

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  make announcements, and behind closed doors, discuss the fate of the world.

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  For Britain's politicians,

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  the decision of whether to be seen hobnobbing with the world's financial elite can be a fraught one.

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  They're all flying in in their private jets.

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  It's so hypocritical.

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  You know, I know Keir Starmer, your man, loves it.

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  He loves Davos.

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  This is all about swigging champagne and having a few vol-au-vons.

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  They're making money because they're all there lobbying with their politicians.

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  But for Rachel Reeves, the British Chancellor of the Exchequer,

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  who's pledged to solve the country's growth crisis and to stabilise its shaky fiscal foundations,

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  there is no question about whether she should be there.

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  She's trying to persuade the world to invest in Britain.

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