Pound plummets to new 14-month low as Rachel Reeves criticised for China trip as tax rise fears grow - Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hi

EMBATTLED Rachel Reeves arrived in China today amid fury over a major debt crisis and a plummeting economy at home. The under-siege Chancellor took off for Beijing last night as yields on UK bonds

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.

Given gilt yields are rising, the pound is falling and, all things considered, markets look pretty hairy back in the UK, it's quite likely Rachel Reeves' trip to China gets overshadowed by noises off.

The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis

Reeves’ mission has become more desperate as the U.K. economy continues to falter, with borrowing costs this week reaching 1998 levels and the pound tanking, threatening the government’s pledge to generate growth and make Britons wealthier. That's prompted some grumbling back home as opposition parties urge Reeves to pull the trip altogether.

The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise dealing with economic issues at home.

RACHEL Reeves must cancel her trip to China to deal with sweeping market panic, the Conservatives have demanded.  The Chancellor was today warned she faces being the next Kwasi Kwarteng

Rachel Reeves is facing sustained criticism surrounding this week's visit to China amid fears the UK's economy is "flatlining" after borrowing costs hit a 27-year high.

Rachel Reeves' surge in borrowing costs will lead to increased interest rates on mortgages and business loans, economists have warned.

Whitehall departments are braced for deeper cuts in spending, while ministers have been instructed to dig up more policies that could help fire growth into the flagging economy.