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

Immensely pragmatic' Reeves will have a laser-focus on her job of growing the economy over other concerns when she visits China, a Labour insider said

Chancellor Rachel Reeves faces demands to cancel a trip to China as the UK economy descends into chaos. She is jetting off to Beijing despite fears that a crisis on the financial markets could force her to impose fresh tax hikes or impose swingeing spending cuts.