UK finance chief Reeves pledges most ‘pro-business’ government [Video]

LONDON — U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen.

Reeves told CNBC that it was only through wealth creation that the living standards of ordinary Britons would be improved and more money would be available to invest in public services.

“This is going to be the most pro-growth, pro-business Treasury that this country has ever seen,” Reeves, who is chancellor of the exchequer, told CNBC’s Steve Sedgwick via remote interview.

“I will work with business to make sure we’re doing all we can to bring wealth creation, to bring business investment to the U.K. economy,” she added.

Reeves, who has been in post for three weeks following Labour’s landslide victory in the U.K.’s July 4 general election, was speaking from Rio de Janeiro where she is attending a meeting of G20 finance ministers.

The …