Chancellor Rachel Reeves defends China trip amid UK borrowing concerns

Chancellor Rachel Reeves is facing criticism for her upcoming trip to China amid rising UK borrowing costs, which have reached a 27-year high. Critics, including Conservative MPs, argue she should focus on the UK economy instead. Shadow Chancellor Mel Stride questioned whether Reeves would need to raise taxes or cut public services due to the economic situation. He accused the government of mismanaging the economy, leading to a lack of business confidence. Treasury minister Darren Jones defended the trip, stating it is important for UK trade. He emphasized that the government's fiscal rules remain unchanged, despite concerns over rising borrowing costs and their impact on public finances.