Rachel Reeves used her speech at a Welsh business conference to warn against isolationist politics.

Speaking at the Wales Investment Summit, the Chancellor called on attendees to reject the politics of “national retreat”.

The event is the most significant hosted by Wales since the 2014 Nato summit – with more than 300 senior business leaders attending from 31 countries.

The Chancellor told the audience: “I believe in that proud and prosperous future for Wales, and I believe that together we can achieve it, if we reject the isolationist politics of national retreat in whatever guise it comes.

“Whether it seeks to cut off Wales from the rest of Britain, or to cut Britain off from the rest of the world.

“If we choose, instead, the high road of national renewal, we can see the future that

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