Rachel Reeves has been slammed after returning from China with just £600 million of investment. The Chancellor made the trip last week despite turbulence on the UK gilt markets as the Budget fallout continues. The Labour politician said she had agreed deals worth £600 million to the UK economy over the next five years.
UK Chancellor of the Exchequer Rachel Reeves left behind turmoil in financial markets to travel to Beijing in pursuit of growth drivers for the British economy, sparking a media backlash at home and dismaying critics of China’s Communist Party. The results were underwhelming.
Rachel Reeves, the UK Chancellor, embarks on a significant trade mission to China, aiming to bolster economic ties and explore investment opportunities. Her visit comes at a time when the UK economy faces challenges,
Exclusive: Former cabinet minister Sir Iain Duncan Smith said that the chancellor’s trip to Beijing was a desperate move ‘because she has trashed the economy’
Rachel Reeves was flying back from China into an economic storm as the Pound lost further ground against the Dollar and the cost of long-term Government borrowing hit a new high early on Monday.
MEL Stride has said Chancellor Rachel Reeves needs to “get a grip” after her “tone deaf” visit to China. The Shadow Chancellor told Sky News’s Sunday Morning With
The Energy Secretary, who has vocally opposed the west London airport's expansion in the past, said the Government can meet both its growth and net zero mission together
I’m not going to apologise for the Budget, because although I hear criticism, what I don’t hear is any real alternatives'
Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.
Netflix beats expectations and reports stellar growth and forecasts for 2025. China could see 10% tariffs on goods going to the US from next month, which is lower than expected. UK public borrowing figures for Dec likely to weigh on bond market, and put pressure on UK to cut public spending quickly and rapidly.
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The PwC survey cheered the findings as a “vote of confidence in the UK”, showing that 14% of worldwide CEOs believe the UK will receive the greatest proportion of international investment, behind only the US, with 30%. They are followed by Germany with 12%, China with 9% and India with 7% in the top five.