Why Rachel Reeves is facing pressure to cancel China trip... 😳

Mel Stride has criticised Rachel Reeves for her absence in parliament as the UK government’s borrowing costs soar, asking the Commons: “Where is the Chancellor?” The Conservative shadow Chancellor hit out at Reeves, who is coming under pressure to cancel a long-planned trip to China and Davos, during an urgent question in the Commons. It comes amid jitters in the financial markets as the cost of servicing UK debt surged yesterday to its highest level since 2008, while the pound continued to fall against the dollar – putting the Chancellor at risk of breaking her self-imposed fiscal rules. #politics #news #economy #economics #ukeconomy #uknews #ukpolitics #china #labour #labourparty