Rachel Reeves hosted Scott Bessent at Downing Street on Tuesday. PA Video/PA Wire

Chancellor Rachel Reeves hosted US Treasury secretary Scott Bessent and top dogs from most of the world’s biggest finance firms in a warm-up event ahead of President Donald Trump’s UK arrival on Tuesday evening.

City firms including Barclays, HSBC and Revolut sent representatives to Downing Street, where they were joined by bosses from top Wall Street banks including JP Morgan and Goldman Sachs.

Finance chiefs were marking a total of over £1.25bn in investment, with all eyes on Reeves and Bessent on whether trade deal details can be finalised.

President Donald Trump is set to arrive on Tuesday evening, with meetings on Thursday at the Prime Minister’s estate in Chequers to flesh out some of the detail

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