Tory MPs fume over Chancellor Rachel Reeves absence from a debate on the country's finances in the House of Commons. Opposition MPs shouted 'where is she' after Mel Stride posed an important question to the absent Chancellor over borrowing costs.
Rachel Reeves pressed the flesh with China 's communist leaders today - while the UK took another battering by markets amid alarm at her economic strategy.
Although similar bond market moves have been seen globally, Labour has been accused of leaving Britain exposed with their huge tax, borrow and spend Budget. They held talks at the Diaoyutai State Guesthouse in the Chinese capital as Ms Reeves' began her bid to deepen economic ties between the two countries
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'. Culture Secretary Lisa Nandy defended the Chancellor proceeding with the visit during a round of interviews this morning, telling Sky News: 'China is the second largest economy, and what China does has the biggest impact on people from Stockton to Sunderland, right across the UK, and it's absolutely essential that we have a relationship with them.
'But it also reflects a series of Government choices and mutually incompatible promises: to stick to a hard, numerical fiscal rule while leaving only the finest of margins against it; to prioritise public services and avoid imposing another round of austerity; not to raise the biggest taxes, and not to raise taxes again after the Autumn Budget; and to hold only one fiscal event per year.
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