“The fiscal rules laid out in the Budget are non-negotiable. Following the Brompton visit, Ms Reeves joined in on a UK-China Economic and Financial Dialogue meeting in Beijing with her Chinese counterpart, Vice Premier He Lifeng. The Treasury has said that making Britain better will be “at the forefront of the Chancellor’s mind” throughout the visit. The yield on 30-year gilts briefly touched 5.43%, just below the peak of Thursday’s sell-off, which was the highest point since 1998. The UK Government has said its “reset” of relations with Beijing comes with the “firm recognition” that the two countries “will not, and do not, always agree”.

Source: The Times January 11, 2025 14:40 UTC