Reeves commits to fiscal discipline as borrowing costs rise during China trip

Chancellor Rachel Reeves has pledged to take action to meet fiscal rules amid rising government borrowing costs. She faces pressure to address potential tax increases or spending cuts before her fiscal statement in March. During her trip to China, Reeves emphasized her commitment to fiscal discipline, stating her rules are "non-negotiable." She is considering deeper spending cuts beyond the planned 5% efficiency savings. Reeves also discussed economic ties with China, securing deals worth £600 million for the UK. She raised concerns about national security and human rights during meetings, while opposition parties criticized her for not addressing domestic economic issues.