British finance minister Rachel Reeves will try to build "common ground on trade and investment" during a trip to China this weekend, the Treasury said on Saturday, in the latest move by the government to thaw ties with Beijing.
The UK “must engage confidently with China” in trade, Rachel Reeves has suggested, as she arrived in Beijing amid market turbulence at home. The Chancellor has said “choosing not to engage” with the Asian nation “is no choice at all” but said that Britain must also “speak candidly” in areas where “we disagree,
Chancellor Rachel Reeves flew to Beijing to bang the drum bang the drum for trade and rebuild ties after years of frosty relations but economic turmoil risked overshadowing the trip
Ms Reeves is bracing herself for a report on the state of the public finances due from the Office for Budget Responsibility on March 26, and is due to reveal her spending plans in June although there are rumours at Westminster that she could make an emergency statement before then.
A defiant Rachel Reeves has defended flying to China for a business trip in the face of fears that Britain is heading for an economic crisis. As the pound hit a new 14-month low and the cost of government borrowing rose again, Ms Reeves faced calls to cancel her trip and remain home to deal with the market turmoil.
The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis
MPs and peers pen letter to Rachel Reeves urging her to raise plight of detained political prisoners during China trip.
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.
Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.
THERE is a “high chance” Rachel Reeves will have to raise taxes or make emergency spending cuts, experts said as she touched down in China yesterday. Economists at Barclays said surging borrowing
Making Britain better off will be at the forefront of the chancellor's mind during her visit to China, the Treasury has said amid controversy over the trip.