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The Latest Breaking News from Rachel Reeves

Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China

The Chancellor called for more UK-China investment, but said this must not come at the price of national security.

The Independent UK

Watch: Rachel Reeves attends economic talks in China as chancellor pledges to make UK ‘better off’

Watch again as Rachel Reeves attended economic talks in China on Saturday (11 January) as the chancellor pledged to make the UK “better off”.

The Independent UK

Labour urged to change course to avoid 'crisis point' as economy tanks

LABOUR have been warned they must change course urgently or risk bringing the country to a “crisis point” amid a series of dire economic…

The National (Scotland)

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What the papers say – January 11

Here are the major stories making headlines this Saturday.

Evening Standard

UK Finance Minister Begins China Visit Amid Govt Bond Crisis

British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world's number two economy as UK borrowing costs soar.

International Business Times

Rachel Reeves backs ‘non-negotiable’ October Budget during visit to Beijing

The Chancellor of the Exchequer vowed to stand firmly behind her fiscal plan when asked if she will need to rethink her economic strategy.

Evening Standard

Britain's Treasury chief is heading to China to revive suspended economic and financial talks

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing

The Independent UK

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Rachel Reeves says better ties with China will boost UK growth as she arrives in Beijing

UK chancellor becomes first holder of her office to make an official visit to China in a decade

The Guardian - UK

Reeves defiant over China trip in face of growing criticism and economic turmoil

Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

The Independent UK

UK must ‘engage confidently with China’ on trade, says Reeves

‘Choosing not to engage with China is therefore no choice at all,’ said Rachel Reeves.

Evening Standard

Fears over UK borrowing costs as US jobs figures prompt bond market volatility

Pound falls against the dollar and bond yields rise amid concerns over high UK inflation and interest rates

The Guardian - UK

Rachel Reeves faces another anxious week of second-guessing the City

Markets appear to be fretting over sustainability of tax and spending plans and whether UK is heading for ‘stagflation’

The Guardian - UK

There are no adults in the room: there’s barely a room. This is politics at warp speed, and we know who’s benefiting

Fiscal crisis, corruption claims, shenanigans and legal threats. This feels like the week old-style politics sat on a grenade, says Guardian columnist Marina Hyde

The Guardian - UK

UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening

UK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government’s tax and spending plans. Yields on gilts, as UK government bonds are called, have been rising – and these yields are effectively the level of interest that the government…

The Conversation

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The Independent UK

Cabinet minister defends Rachel Reeves trip to China during economic crisis

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

Evening Standard

Pound slumps 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 hike taxes or impose some ‘very severe reductions and squeezes’ on public services

The Guardian - UK

UK debt market sell-off threatens to push up mortgage costs

Almost 700,000 homeowners face increase when fixed-rate deals end this year

Evening Standard

We don’t need to worry about rise in borrowing costs, minister insists

A Cabinet minister has insisted there is no need to be worried about rising Government borrowing costs after yields on UK bonds surged to their highest level since the 2008 financial crisis.

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news in one place.

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The Guardian - UK

Minister defends Rachel Reeves’ China trip amid market turmoil – as it happened

Lisa Nandy says chancellor’s visit to China is ‘right and proper’, despite continued bond market sell-off

The Guardian - UK

Pound and UK bonds fall after strong US jobs report; UK gas storage levels are ‘concerningly low’ – as it happened

Plunging temperatures and high demand for gas fired power stations have reduced UK winter gas storage levels, reports Centrica

The Guardian - UK

Friday briefing: Why spiralling borrowing costs spell trouble for Rachel Reeves

In today’s newsletter: Economic uncertainty at home and abroad is causing problems for the Labour agenda – could this risk becoming the chancellor’s mini-budget moment?

Evening Standard

What the papers say – January 10

Here are the biggest stories leading Friday’s front pages.

Evening Standard

Rachel Reeves heads to China as pressure mounts as market turmoil derails government’s economic strategy

The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds

The Independent UK

Reeves faces pressure to balance the books as borrowing costs rise

The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds.

The Independent UK

Liz Truss lays into Rachel Reeves over economy and trip to China

Chancellor faces Tory calls to scrap planned visit to Beijing

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