Chancellor Rachel Reeves flew to Beijing to bang the drum bang the drum for trade and rebuild ties after years of frosty relations but economic turmoil risked overshadowing the trip

Reeves defiant over China trip in face of growing criticism and economic turmoil - Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

Ms Reeves is bracing herself for a report on the state of the public finances due from the Office for Budget Responsibility on March 26, and is due to reveal her spending plans in June although there are rumours at Westminster that she could make an emergency statement before then.

The chancellor Rachel Reeves is under pressure to cancel a controversial trip to China as the UK economy faces another tumultuous day on the markets. Shadow home secretary Chris Philp blamed Labour for the soaring cost of government borrowing and said she “should stay in the UK fixing the mess her Budget has created”.

The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis

Rachel Reeves is under pressure after flying out for a trip to China during a week in which rising government borrowing costs has spooked the financial markets.

Rachel Reeves faces mounting pressure to cancel her trip to China as Britain grapples with a market crisis that has pushed Government borrowing costs to their highest level since the 2008 financial crash.