Rachel Reeves is facing Cabinet anxiety over Labour's market chaos as she defies a backlash to head for China.
Although similar moves have been seen globally and the mood seemed to ease by the afternoon, there is alarm that the huge tax, borrow and spend Budget has left Britain exposed. The yields on 10-year and 30-year gilts have been increasing - meaning the government has to pay more to finance borrowing There are signs that Ms Reeves is losing the confidence of her own colleagues, with a Cabinet source telling The Times: 'They've lost the plot'.
'We need to make sure that the UK economy remains competitive, we need to challenge where we must, including in the area of human rights, but we also need to make sure that we are working with China on those areas of shared interest.'
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canal+ valued at £2.6bn on London market debutUK chancellor Rachel Reeves has hailed listing as a vote of confidence in the London market
Read more »
Canal+ valued at £2.3bn after shares fall on London market debutUK chancellor Rachel Reeves hails listing as vote of confidence in London market
Read more »