The UK sticks out diplomatically and economically by refusing to impose extra tariffs on Chinese car companies. In return, Britain is hoping to boost exports of financial services in the coming years.

Pound plummets to new 14-month low as Rachel Reeves criticised for China trip as tax rise fears grow - Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hi

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.

British finance minister Rachel Reeves will begin a visit to China on Saturday, seeking to revive dialogue with the world's number two economy in the shadow of financial tumult back home.

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

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

Rachel’s choice RACHEL Reeves will return to Britain from her ill-timed trip to China facing the most blinding financial headache. Make no mistake: it’s been a week from hell for the Chancellor.

Rachel Reeves is under pressure after flying out for a trip to China during a week in which rising government borrowing costs has spooked the financial markets.

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

Reeves’ mission has become more desperate as the U.K. economy continues to falter, with borrowing costs this week reaching 1998 levels and the pound tanking, threatening the government’s pledge to generate growth and make Britons wealthier. That's prompted some grumbling back home as opposition parties urge Reeves to pull the trip altogether.

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.