Rachel Reeves is facing sustained criticism surrounding this week's visit to China amid fears the UK's economy is 'flatlining' after borrowing costs hit a 27-year high.
Rachel Reeves is facing sustained criticism surrounding this week's visit to China amid fears the UK's economy is "flatlining" after borrowing costs hit a 27-year high. The chancellor's trip comes amid mounting concerns that market turmoil could derail her economic strategy, amid speculation that she's prepared to impose more severe spending cuts on departments if necessary.
"And because of the role of the US bond market and the US financial markets in the world, it affects everything else around the world."The other 20 per cent is because the other markets are not sure both about the commitment by the government to this latest policy and some of the important details.
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