In the substance and calendar, Astrazeneca’s decision to cancel a planned expansion of its Speke flu vaccine installations is a blow for the recent government’s zeal for growth. Instead of injecting 450 million pounds sterling into the factory on the Merseyside, a dispute with the new administration on the government’s support amount saw the project … Read more
The Chancellor said that the government was “absolutely happy” to consider joining a pan -European customs area after the EU declared himself open to British membership. Earlier this week, the European Commerce Commissioner, Maros Sefcovic, said that Brussels “could consider” authorizing the United Kingdom to join the Pan-Mediterranean Convention (PEM) as part of a “reset” … Read more
Chancellor Rachel Reeves has indicated she will ignore environmental objections to a third landing strip at Heathrow to prioritize economic growth, a stance likely to put her at odds with colleagues including the Home Secretary. energy, Ed Miliband. Speaking as she began a 48-hour speech to international investors at the World Economic Forum in Davos, … Read more
Chancellor Rachel Reeves has been accused of refusing to “face up to her own failures” by “flying to Beijing” during a week of market turmoil. Shadow chancellor Mel Stride accused the chancellor of dodging tough questions as “the government lost control of the economy” while Ms Reeves visited China last week with a delegation including … Read more
The Health Secretary said the cabinet was aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a wider, difficult economic situation – but called on the public to “give up their time “. Wes Streeting argued the public “underestimates” the “amount of heavy lifting” Ms Reeves has had to do and will … Read more
With government bond yields rising, sterling falling and, all things considered, markets looking rather choppy in the UK, it is highly likely that Rachel Reeves’ trip to China will be overshadowed by rumors. There’s a chance the dominant narrative doesn’t speak China himself, but why didn’t she cancel the trip. But make no mistake: this … Read more
Rachel Reeves’ trip to China – the first by a British chancellor since 2019 – was always going to spark controversy. In recent years Conservative governments have kept Beijing remotely – amid concerns about espionage, the situation in Hong Kongand the treatment of Uighurs. David CameronThe so-called “golden age” of commitment to continued economic investment, … Read more
Improving Britain’s situation will be “at the forefront of the Chancellor’s concerns” during her visit to China, the Treasury has said, amid controversy over the trip. Rachel Reeves soared on Friday after ignoring calls from opposition parties to cancel the long-planned project due to domestic market turmoil. Last week saw a fall in the pound … Read more
Bank of England Governor Andrew Bailey will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries. Sky News has learned that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor during the January trip. Mr … Read more
The Treasury is set to finalize Rachel Reeves’ first visit to China as chancellor just days before Donald Trump is sworn in for the second time as US president. Sky News understands that Whitehall officials have planned a mid-January resumption of economic and financial dialogue between the UK and China after a six-year hiatus. Sources … Read more