READOUT: Deputy Secretary of the Treasury Wally Adeyemo's Travel to the United Kingdom

LONDON - From October 13 to October 15, Deputy Secretary of the Treasury Wally Adeyemo visited London, the United Kingdom, this week to meet with government and private sector counterparts. During engagements, including with Chancellor Rachel Reeves, National Security Advisor Tim Barrow, Bank of England Governor Andrew Bailey, Minister of State Stephen Doughty, and Director General Lindsey Whyte, Deputy Secretary Adeyemo discussed our countries' economic relationship. Deputy Secretary Adeyemo discussed both governments' economic strategies, including through a shared focus on driving strong economic growth and lowers costs through strategic investments in key industries like advanced manufacturing and clean energy. The Deputy Secretary commended the Chancellor and the UK government on a successful investment summit and their work to grow an economy that works for everyone.

In meetings with Chancellor Reeves, National Security Advisor Barrow, Minister Doughty, and Director General Whyte, Deputy Secretary Adeyemo advanced coordination on geopolitical challenges including the U.S. and UK's shared steadfast support for Ukraine and ways to further strengthen sanctions. Additionally, the Deputy Secretary highlighted our work to promote stability in the West Bank and efforts to cut off financial flows that enable Iran and its proxies' destabilizing activities.

###