The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise dealing with economic issues at home.

Rachel Reeves flew to China on Thursday night in a bid to revive closer ties with the nation and boost Britain’s economy amid turmoil in UK bond markets.

Britain's Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.'s Labour government seeks to reset frayed ties with Beijing.

Rachel Reeves has been dealt a major blow after a group of economists warned that surging borrowing costs could stifle Labour's plan for growth. Goldman Sachs' James Moberly said the UK economy will now only grow by a meagre 0.

EMBATTLED Rachel Reeves arrived in China today amid fury over a major debt crisis and a plummeting economy at home. The under-siege Chancellor took off for Beijing last night as yields on UK bonds

The trip by Ms Reeves, who Ms Nandy said is “relentless in her pursuit of growth”, comes as the pound fell again by as much as 0.3pc overnight, having earlier hit its lowest level since November 2023.

The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds

Rachel Reeves' surge in borrowing costs will lead to increased interest rates on mortgages and business loans, economists have warned.

Britain's Chancellor Rachel Reeves of the is heading to China this weekend to revive the suspended China-UK Economic and Financial Dialogue.