Rachel Reeves has refused to comment on the state of Britain’s economic turmoil during her visit to China, as the Tories hit out at Starmer’s Chancellor going “missing”.
During her visit to bicycle-maker Brompton’s flagship Beijing store earlier today, Reeves failed to comment on British markets, simply opting to declare that her existing fiscal plans would stay in place.
She said: “The fiscal rules laid out in the Budget are non-negotiable.
“Economic stability is the bedrock for economic growth and prosperity.”
The Conservatives have blasted her trip abroad, saying that she had “fled to China” to avoid explaining the state of the nation’s economy
PA
The Chancellor said she would not give a running commentary on the state of the UK markets.
Gilt yields have now reached their highest points since 2008 – hiking up the cost of government borrowing – which fuelled concern that Reeves would fail to abide by her self-prescribed rules on debt and spending without imposing further cuts on working people.
The Conservatives have blasted her trip abroad, saying that she had “fled to China” over explaining the state of the nation’s economy.
Shadow Chancellor Mel Stride said: “We are witnessing an economic mess of Rachel Reeves’ own making, with the impacts of her disastrous Budget continuing to bite. Yet astonishingly she made the choice to get on a jet rather than stay and try to get a grip.
“The Chancellor should turn right back around, and return to the UK urgently.”
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