UK Chancellor of the Exchequer Rachel Reeves will tell European financial leaders on Monday that closer ties between the UK and the EU will promote economic growth. Since Brexit, the UK Chancellor of the Exchequer will address the Eurozone for the first time, and Reeves will say that resetting the relationship means "breaking down trade barriers" and helping "businesses sell in each other's markets".

Although the Labour Party has ruled out the possibility of rejoining the EU, it has repeatedly expressed its hope for the UK to "deepen" its relationship with the EU.

The Conservative Party has stated that the Chancellor of the Exchequer should figure out how to reverse the "destructive budget measures that have destroyed confidence".

Shadow Business Secretary Andrew Griffith said, "If Reeves is interested in economic growth, she should tell the UK Prime Minister to get on a plane to the US and talk to President elect Trump about reaching a US UK trade deal, rather than trying to pull the UK back into the European Union where growth is slowing down

The British Chamber of Commerce (BCC), representing approximately 50000 businesses, stated that in order to achieve economic growth, 'we must increase exports', but UK companies are struggling under significant regulatory and document burdens.

At the Eurogroup Finance Ministers' Meeting held in Brussels, Reeves will propose the establishment of a 'mature, commercialized relationship' between the UK and the EU.

She will tell European leaders, "I know that the past few years have been very tumultuous, with division and chaos defining the previous government's attitude towards Europe, it will not define ours

She would say, "I believe that closer economic relations between the UK and the EU are not a zero sum game, but rather aimed at improving our economic growth prospects on both sides

Daisy Cooper, spokesperson for the Liberal Democratic Party's Treasury Department, said, "The Conservative Party's poor Brexit agreement is a disaster for the economy, with small businesses, farmers, and fishermen trapped in endless red tape

Last month, the Governor of the Bank of England, Andrew Bailey, made a highly unusual statement that the UK must "rebuild its relationship" with the EU.

Due to the independence of the Bank of England from Westminster politics, the central bank governor has consistently avoided commenting on Brexit.

He said: "The impact on trade seems to be more reflected in goods than services... But it emphasizes why we must be alert and welcome the opportunity to rebuild relations, while respecting the very important decision of the British people."

The export of goods such as food and agriculture has been affected by new trade barriers, but the service industry, including banking, has performed better than expected.