{"id":2987,"date":"2025-01-10T09:49:57","date_gmt":"2025-01-10T09:49:57","guid":{"rendered":"https:\/\/260web.com\/news\/reeves-heads-to-china-as-pressure-grows-over-borrowing-costs\/"},"modified":"2025-01-10T09:49:57","modified_gmt":"2025-01-10T09:49:57","slug":"reeves-heads-to-china-as-pressure-grows-over-borrowing-costs","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/reeves-heads-to-china-as-pressure-grows-over-borrowing-costs\/","title":{"rendered":"Reeves heads to China as pressure grows over borrowing costs"},"content":{"rendered":"<p>Reeves heads to China as pressure grows over borrowing costs<\/p>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-6ybo2z-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Rachel Reeves speaking to the media at a banking hub\" loading=\"eager\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/01\/oZJF7h.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/78a2\/live\/4c387c40-cefe-11ef-9e0e-d7637d66f95d.jpg 976w\" width=\"3840\" height=\"2160.2742857142857\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\">PA Media<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"byline-block\" class=\"ssrcss-1hbb5i-BylineComponentWrapper e8mq1e90\">\n<div class=\"ssrcss-qt5zqv-BylineWrapper e8mq1e918\">\n<div class=\"ssrcss-h3c0s8-ContributorContainer e8mq1e917\">\n<div class=\"ssrcss-1u2in0b-Container-ContributorDetails e8mq1e914\">\n<div class=\"ssrcss-68pt20-Text-TextContributorName e8mq1e97\">Andr\u00e9 Rhoden-Paul<\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e911\">BBC News<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-jlwt2c-Divider e8mq1e916\"><\/div>\n<\/div>\n<div data-component=\"metadata-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2025-01-10T03:52:27.209Z\">10 January 2025, 03:52 GMT<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<div class=\"ssrcss-13mf69a-MetadataSnippetWrapper ek9haql0\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2025-01-10T09:19:22.277Z\">Updated 29 minutes ago<\/time><\/span><\/span><\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">It is &#8220;absolutely right&#8221; that Chancellor Rachel Reeves&#8217; trip to China go ahead as planned, a cabinet colleague has said.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Opposition parties had called for Reeves to cancel the three-day visit, aimed to  boost trade and economic ties, after the pound fell to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But Culture Secretary Lisa Nandy said the chancellor should take seriously the UK&#8217;s relationship with China, the world&#8217;s second largest economy.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nandy said the rise in borrowing costs was &#8220;a global trend that we&#8217;ve seen affecting economies all over the world&#8221;.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We are confident that we&#8217;re taking both the short-term action to stabilise the economy but also the long-term action that is necessary to get the economy growing again,&#8221; she told the BBC.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Higher government borrowing costs have led to fears that further tax rises or spending cuts could be on the horizon as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Lower-than-expected spending on public services could affect things like health, education and welfare.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Yields on government bonds, which have been rising in recent months, climbed again on Friday.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The pound, which fell to its lowest level in more than a year on Thursday, also dipped at the market open.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On Thursday, the Treasury ruled out any emergency intervention in the markets, saying they continued to &#8220;function in an orderly way&#8221;.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"links-block\" class=\"ssrcss-12l5xzx-LinksComponentWrapper e3eyuya0\">\n<section class=\"ssrcss-msolhr-LinksWrapper e3eyuya5\">\n<ul role=\"list\" class=\"ssrcss-mh3hvv-InContentLinksGrid e3eyuya3\">\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Why are UK borrowing costs rising and what does it mean for me?<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">17 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Market trouble threatens Labour&#8217;s economic plans<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">19 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Truss legal threat to PM over claim she crashed economy<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">18 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/section>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Travelling to China with the chancellor are senior financial figures, including the governor of the Bank of England and the chair of HSBC. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">There she will meet China&#8217;s Vice Premier He Lifeng in Beijing before flying to Shanghai for discussion with UK firms operating in China. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The government is looking to revive an annual economic dialogue with China that has not been held since the pandemic. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ties have been strained in recent years by growing concerns about the actions of China&#8217;s Communist leaders, allegations of Chinese hacking and spying and its jailing of pro-democracy figures in Hong Kong. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Conservatives and Liberal Democrats have criticised the chancellor for proceeding with the planned trip rather than staying in the UK to address the cost of government borrowing and slide in the value of the pound. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Shadow chancellor Mel Stride accused Reeves of being &#8220;missing in action&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, former Chancellor Philip Hammond told the World at One programme on Thursday that he &#8220;wouldn&#8217;t personally recommend the chancellor cancels her trip to China. This can wait until she gets back next week.&#8221;<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1mipgd7-Placeholder etlorgc0\"><span><\/p>\n<div><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg.webp 800w, https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/01\/wJwyIW.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Line chart showing 10-year UK government bond yields, from 2004 to January 2025. The yield was 4.9% on 2 January 2004, and rose to a peak of 5.5% in July 2007. It then gradually fell to a low of 0.1% in August 2020, before starting to climb again. On 9 January 2025, it hit 4.9%, the highest since 2008.\" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/01\/wJwyIW.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/e6b6\/live\/1ad89650-cf06-11ef-9fd6-0be88a764111.jpg 800w, https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/01\/wJwyIW.jpg 976w\" width=\"976\" height=\"686\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/div>\n<p><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Governments generally spend more than they raise in tax so they borrow money to fill the gap, usually by selling bonds to investors.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Interest rates &#8211; known as the yield &#8211; on government bonds have been going up since around August, a rise that has also affected government bonds in the US and other countries. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The yield on a 10-year bond has surged to its highest level since 2008, while the yield on a 30-year bond is at its highest since 1998, meaning it costs the government more to borrow over the long term.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-10dbsxs-Placeholder etlorgc0\"><span><\/p>\n<div><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Thin, red banner promoting the Politics Essential newsletter with text saying, \u201cGet the latest political analysis and big moments, delivered straight to your inbox every weekday\u201d. There is also an image of the Houses of Parliament. \" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/01\/2qkaxs.png\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/6c51\/live\/418bf790-cf2b-11ef-9fd6-0be88a764111.png 976w\" width=\"1600\" height=\"263\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/div>\n<p><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Sign up for our Politics Essential newsletter to read top political analysis, gain insight from across the UK and stay up to speed with the big moments. It&#8217;ll be delivered straight to your inbox every weekday.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline1\"><\/div>\n<div data-component=\"topic-list\" class=\"ssrcss-1qmkvfu-TopicListWrapper etw6iwl1\">\n<div class=\"ssrcss-113c0cq-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-50vlbt-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-ad2rmd-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-1ujonwb-ClusterItems e1ihwmse0\">\n<li>Rachel Reeves<\/li>\n<li>UK economy<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Fri, 10 Jan 2025 09:19:22 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reeves heads to China as pressure grows over borrowing costs PA Media Andr\u00e9 Rhoden-Paul BBC News 10 January 2025, 03:52 GMT Updated 29 minutes ago It is &#8220;absolutely right&#8221; that Chancellor Rachel Reeves&#8217; trip to China go ahead as planned, a cabinet colleague has said. Opposition parties had called for Reeves to cancel the three-day&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/reeves-heads-to-china-as-pressure-grows-over-borrowing-costs\/\">Continue reading <span class=\"screen-reader-text\">Reeves heads to China as pressure grows over borrowing costs<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-politics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=2987"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/2986"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=2987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=2987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=2987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}