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
The government will unveil plans to overhaul Britain’s payments infrastructure, which will involve the Bank of England being given a more powerful oversight role. Sky News has learned that Treasury officials have given the green light to a new ‘Payments Vision’, details of which will be outlined at the Mansion House annual dinner this week. … Read more