Reeves defends China visit and hails £600m boost to UK

Quick Summary:

The chancellor has been criticised for making the trip while the government is under pressure from rising borrowing costs.

She says she wants a long-term relationship with China that is "squarely in our national interest" and on Saturday said agreements reached in Beijing would be worth £600m to the UK over the next five years.

Chancellor Rachel Reeves has defended her decision to travel to China to improve economic ties at a time when soaring government borrowing costs threaten to squeeze UK public finances.

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Article Details

Category: Business

Markets: United KingdomChinaHong KongSpainUkraine

Topics: Visit Been Government Economy Economic China Reeves Costs Borrowing Told

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 13:34:22 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1223 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25147181

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Official Website: bbc.co.uk

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