Notifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleNina LloydTuesday 14 July 2026 23:24 BST‘British economy is strong’: Chancellor Rachel Reeves optimistic about UK futureRachel Reeves, in her anticipated final major speech as Chancellor, stated that the UK's relationship with the European Union is its most crucial alliance.She urged Britain to be "much bolder" in fostering closer ties with the EU, advocating for a rescheduled UK-EU summit to finalise agreements on youth mobility, agrifoods, and emissions.Reeves defended her tenure, claiming the economy had "beaten the odds" under her leadership and that she had demonstrated credibility in her decisions.She urged incoming prime minister Andy Burnham to combine "radical change" with economic credibility, a principle she believes has guided the Labour government.Reeves' comments suggest she anticipates not remaining Chancellor under Mr Burnham, who is set to become the new Labour leader.In fullRachel Reeves says ‘no alliance’ more important than with the EU in likely last major speech as chancellorMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in