Chancellor hosting Downing Street talks with Treasury secretary, which are aimed at securing more US investment

Rachel Reeves will host the bosses of top US and UK financial firms in Downing Street on Tuesday morning, as Donald Trump begins his official state visit.

The meeting, which will be jointly hosted by US Treasury secretary, Scott Bessent, will be attended by senior figures from BlackRock, Barclays and Blackstone, who will have roundtable talks with officials hoping to highlight economic cooperation between the two countries.

Trump’s two-day visit will include a series of business events, including a state banquet with tech bosses and senior cabinet ministers on Wednesday evening. Trump will later travel to Chequers on Thursday for a business reception, working lunch and press conference with Keir Starmer.

Meanwhile, ministers will be hoping that Tuesday’s roundtable with financial bosses from the City and Wall Street will secure further foreign investments that can generate growth and positive headlines before a challenging budget in November.