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10/16/2024

READOUT: Deputy Secretary of the Treasury Wally Adeyemo's Travel to the United Kingdom | U.S. Department of the…

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READOUT: Deputy Secretary of the Treasury Wally Adeyemo's
Travel to the United Kingdom
October 16, 2024

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
countriesʼ economic relationship. Deputy Secretary Adeyemo discussed both governmentsʼ
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 UKʼs 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 e orts to cut o financial flows that enable Iran and
its proxiesʼ destabilizing activities.
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https://home.treasury.gov/news/press-releases/jy2649

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