Chancellor of the Exchequer Rachel Reeves will become the most senior British official to visit Beijing in 7 years this weekend as she embarks on a mission to deepen economic ties with China against the backdrop of UK market turmoil that threatens to undermine her plans to spur growth domestically.
Given gilt yields are rising, the pound is falling and, all things considered, markets look pretty hairy back in the UK, it's quite likely Rachel Reeves' trip to China gets overshadowed by noises off.
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.
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 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.
Rachel Reeves' surge in borrowing costs will lead to increased interest rates on mortgages and business loans, economists have warned.
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
Britain's Chancellor Rachel Reeves of the is heading to China this weekend to revive the suspended China-UK Economic and Financial Dialogue.
Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services
The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds
Immensely pragmatic' Reeves will have a laser-focus on her job of growing the economy over other concerns when she visits China, a Labour insider said