Chancellor Rachel Reeves faces calls to cancel China trip as UK economy weakens

news.yahoo.com

Chancellor Rachel Reeves faces criticism for her planned trip to China as the UK economy struggles. Borrowing costs have reached a 27-year high, and the Pound has fallen to its lowest level in a year against the Dollar. Opposition leaders argue that Reeves should cancel her trip to address the economic issues at home. They claim her recent budget decisions have worsened the situation, leading to higher taxes and increased borrowing. Treasury minister Darren Jones defended the trip, stating it is important for UK trade. He emphasized the government's commitment to fiscal discipline despite rising borrowing costs and market fluctuations.


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