‘The City can’t be taken for granted’: how banks won over Rachel Reeves | Budget 2025

‘The City can’t be taken for granted’: how banks won over Rachel Reeves | Budget 2025

Over canapés of beef and stilton pie, bone marrow gravy and mushy peas, the financiers at JP Morgan’s New York headquarters held their champagne flutes aloft for a toast: “His majesty the king.”

Just days before Rachel Reeves’s budget –…

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