The UK sticks out diplomatically and economically by refusing to impose extra tariffs on Chinese car companies. In return, Britain is hoping to boost exports of financial services in the coming years.

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

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.

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

Rachel Reeves is under pressure after flying out for a trip to China during a week in which rising government borrowing costs has spooked the financial markets.

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

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.

Britain's Chancellor Rachel Reeves of the is heading to China this weekend to revive the suspended China-UK Economic and Financial Dialogue.

Immensely pragmatic' Reeves will have a laser-focus on her job of growing the economy over other concerns when she visits China, a Labour insider said

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

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.