The chancellor's gamble with China: What price is Rachel Reeves willing to pay for closer trading ties?
Friday, 10 January 2025 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.
Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial...
Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more.. Sky News
The chancellor says the government is ready to support creative industries, after announcing film studios in England are to receive business rates relief for the next nine years. On a visit to the Warner Bros Studio in Leavesden, Rachel Reeves adds "that's something that this government wants to get behind to back growth and back British workers". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says she is "absolutely committed" to spending 2.5% of GDP on defence and will "set out a pathway" to do so "in the proper way". The chancellor adds, "a strong economy depends on strong defences". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing. Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Conservatives have said that the "disappointing" rise in inflation is a cause of worry. Kevin Hollinrake, Shadow Levelling Up Secretary, said the 0.5% rise in inflation from December to January was a direct result of Rachel Reeves' budget. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that..
Friday, 10 January 2025
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.
![Chancellor: Govt is ready to support creative industries [Video]](https://video.newsserve.net/300/v/20250220/1402802338-Chancellor-Govt-is-ready-to-support-creative-industries.jpg)
![Govt 'committed' to raising defence spending to 2.5% of GDP [Video]](https://video.newsserve.net/300/v/20250220/1402802388-Govt-committed-to-raising-defence-spending-to.jpg)
![Tories: We're not to blame for rise in inflation [Video]](https://video.newsserve.net/300/v/20250219/1402693586-Tories-We-re-not-to-blame-for-rise.jpg)
![Tories: We should be worried about 'disappointing' inflation [Video]](https://video.newsserve.net/300/v/20250219/1402678962-Tories-We-should-be-worried-about-disappointing-inflation.jpg)
![Rachel Reeves Hid in China While The Economy Dived! [Video]](https://video.newsserve.net/300/v/20250121/1737452918-Rachel-Reeves-Hid-in-China-While-The-Economy.jpg)
![Chancellor defends visit to China in Commons [Video]](https://video.newsserve.net/300/v/20250114/1398788646-Chancellor-defends-visit-to-China-in-Commons.jpg)
