Reeves: UK is ahead in global funding race

RACHEL Reeves has said the UK is getting "ahead in the global race for investment" as Revolut unveiled plans to plug £3 billion into its expansion in the country.

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The Chancellor welcomed the pledge at the opening of the financial firm's new head office in London's Canary Wharf.

It follows major US financial firms last week announcing billions of pounds worth of investment into jobs and growth in the UK.

Ms Reeves said: “The UK is well and truly open for business under this Government.

“Through our ‘Leeds reforms’ we're making Britain the best place for financial services companies to do business, pushing us ahead in the global race for investment and putting more money in people’s pockets through the plan for change.”