Chancellor Rachel Reeves Faces Criticism Over Economic Challenges and China Visit

UK borrowing costs rise and economic pressures mount as Reeves defends her fiscal strategy and secures £600m in Chinese investment.

Chancellor Rachel Reeves is under scrutiny following a rise in UK borrowing costs and market turbulence, with critics questioning her fiscal strategy.
Reeves faced backlash for proceeding with a planned visit to China during economic uncertainty, with opposition figures calling the trip 'tone deaf.'
The visit resulted in a £600 million Chinese investment commitment over five years, which the government says could lead to further economic benefits.
Cabinet ministers, including Wes Streeting and Anneliese Dodds, defended Reeves, highlighting her long-term economic plan and the challenges of balancing fiscal rules.
Economic analysts warn of potential spending cuts or tax increases, with key tests ahead, including the Office for Budget Responsibility's Spring Forecast in March.