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