Reeves defends China trip as UK faces economic challenges

Rachel Reeves, the Labour chancellor, is defending her business trip to China despite criticism over the UK’s economic situation. The pound has fallen to a 14-month low, and borrowing costs are rising, prompting calls for her to stay and address the turmoil. Reeves argues that the trip is essential for boosting economic growth through international cooperation. She plans to discuss trade and investment with Chinese officials while addressing sensitive issues, including China's support for Russia. The government acknowledges challenges ahead, with warnings about potential tax hikes or spending cuts. Reeves is expected to outline her growth strategy in a significant speech later this month.