Chancellor faces backlash over potential £50 billion listing for Chinese firm Shein in London

Chancellor Rachel Reeves is facing criticism for considering a £50 billion listing for Chinese firm Shein in London. Concerns about Shein's supply chain and transparency have raised questions about the decision's credibility. Experts warn that Reeves may need to raise taxes or cut spending due to rising borrowing costs. Her recent trip to China has drawn backlash, with some accusing her of neglecting domestic economic issues. Critics, including former Tory leader Iain Duncan Smith, argue that the trip is unproductive and that Reeves should focus on addressing the challenges stemming from her recent Budget.