Reeves: US tariffs will have huge implications but UK banking system resilient

Chancellor of the Exchequer Rachel Reeves (Anthony Devlin/PA) - (PA Wire)

Rachel Reeves has said US tariffs will “continue to have huge implications” before insisting the Bank of England believes the UK banking system is “resilient”.

The Chancellor, in a message to families and businesses, said “we have your backs” as she made a statement to the House of Commons at the beginning of Treasury questions on Tuesday.