China, Pound and Rachel Reeves

Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip
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
Pound falls to lowest in over a year after UK borrowing costs rise
The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. Economists have warned that the rising costs could lead to further tax increases or spending cuts as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending.
Rachel Reeves facing calls to cancel controversial China trip as pound tumbles
The chancellor Rachel Reeves is under pressure to cancel a controversial trip to China as the UK economy faces another tumultuous day on the markets. Shadow home secretary Chris Philp blamed Labour for the soaring cost of government borrowing and said she “should stay in the UK fixing the mess her Budget has created”.
Rachel Reeves told to cancel China trip as Britain's market meltdown could trigger '1976 level crisis'
Rachel Reeves faces mounting pressure to cancel her trip to China as Britain grapples with a market crisis that has pushed Government borrowing costs to their highest level since the 2008 financial crash.
Reeves' China trip defended after borrowing cost nerves
It is "absolutely right" that Chancellor Rachel Reeves' trip to China goes ahead as planned, a cabinet colleague has said. Opposition parties had called for Reeves to cancel the three-day visit, aimed to boost trade and economic ties,
Pound plumbs 14-month low, rattled by gilt market rout
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FTSE 100 Live: Pound Falls After Sinking to 2023 Low as Stocks Set to Open Flat
FTSE 100 futures are about flat, with the index having sailed through the UK market turmoil of recent days unscathed. It is ...
Deutsche Bank says sell the pound
Deutsche Bank strategist Shreyas Gopal says to sell the struggling British pound, the worst-performing currency in the young new year. Falling export orders and a reversal in energy prices is putting ...
Pound in biggest three-day slide in two years as gilt pain intensifies
The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux
Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an omen of ...
A plunging pound with surging U.K. yields suggest the bond vigilantes are lurking
A plunging pound and a surge in U.K. government borrowing costs to their highest since the great financial crisis serve as a ...
U.K. Pound Slides, Bond Yields Surge
U.K. bond prices, stocks and the British pound slid on Wednesday after a rout sparked by hot U.S. economic data rippled ...
Pound Slumps to Weakest Since 2023 Amid Broad UK Market Selloff
The pound tumbled to its weakest level against the US dollar in over one year as investors’ concerns over the UK fiscal and ...