Chancellor Rachel Reeves faces backlash over budget issues and calls to cancel China trip
Chancellor Rachel Reeves faces criticism over her Budget, which has led to rising borrowing costs. A top Tory, Chris Philp, has called for her to cancel her trip to China and address the economic issues at home. Philp highlighted that government bond yields are now higher than after Liz Truss's mini-Budget, indicating market concerns about Treasury borrowing. He suggested that Reeves and the entire government should be dismissed due to their economic policies. Reeves's planned trip to Beijing has sparked controversy, with some arguing for engagement with China despite its hostile actions. Labour MP Mike Tapp emphasized the importance of interacting with China's growing economy.