22 hours ago Brits 'paying price for Labour's bungled Budget': Reeves warned money from tax hikes will have to go on servicing debt after markets turn on UK

Sterling tumbled to its lowest level against the US dollar for over a year this morning as investors continued to push up risk premium on UK gilts - the way the state finances its activities.

Economics

6 hours ago Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip

Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services

Events

26 hours ago Rachel Reeves urged to scrap China trip as Pound falls to year low and borrowing costs soar

But Treasury minister Darren Jones defended the Chancellor’s foreign trip

Politics

26 hours ago Rachel Reeves faces calls to CANCEL China trip to deal with market chaos as Pound is hammered and UK borrowing costs rise again on fears of 'Stagflation'

The Tories and Lib Dems insisted the Chancellor should drop plans to head for Beijing this weekend amid mounting alarm at the situation.

Economics

22 hours ago Warning food prices could soar by 20% as pressure mounts on Reeves over flailing economy

Exclusive: Fears of a massive rise in the cost of imports have fuelled calls for Rachel Reeves to cancel her China trip with warnings that the UK is on the cusp of a financial crisis and recession

Events