WASHINGTON, March 17 -- British Chancellor of the Exchequer Rachel Reeves delivered the Mais Lecture at Bayes Business School, London, outlining a strategic vision for the UK economy centered on "securonomics." Reeves argued that the era of traditional globalization has ended, necessitating an active state that works in partnership with business to build resilience against global shocks.

The chancellor detailed plans to transition the United Kingdom to an investment-led g . . .

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