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flag UK Chancellor Rachel Reeves boosts UK-Spain ties with £240M investment and a proposed visa waiver to raise exports.

flag Chancellor Rachel Reeves is strengthening UK-EU economic ties during her first visit to Spain, announcing a £240 million investment from Spanish firm Exolum and proposing a temporary work visa waiver for UK services professionals traveling to Spain for short stays, potentially boosting UK exports by £250 million over five years. flag She emphasized closer alignment with EU rules as key to reducing inflation and stimulating growth, calling cooperation with Europe essential for economic stability. flag Reeves outlined her economic strategy focused on investment, reform, and international partnership during a speech at Bayes Business School and meetings with Spanish businesses. flag Meanwhile, EU relations minister Nick Thomas-Symonds is pushing to reduce trade barriers, citing excessive paperwork and fees for UK exporters, with plans to finalize a deal by the next UK-EU summit to cut red tape and costs by mid-2027.

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