Chancellor of the Exchequer Rachel Reeves will become the most senior British official to visit Beijing in 7 years this weekend as she embarks on a mission to deepen economic ties with China against the backdrop of UK market turmoil that threatens to undermine her plans to spur growth domestically.

Rachel Reeves flew to China on Thursday night in a bid to revive closer ties with the nation and boost Britain’s economy amid turmoil in UK bond markets.

Britain's Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.'s Labour government seeks to reset frayed ties with Beijing.

The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise dealing with economic issues at home.

Rachel Reeves has been dealt a major blow after a group of economists warned that surging borrowing costs could stifle Labour's plan for growth. Goldman Sachs' James Moberly said the UK economy will now only grow by a meagre 0.

Reeves’ mission has become more desperate as the U.K. economy continues to falter, with borrowing costs this week reaching 1998 levels and the pound tanking, threatening the government’s pledge to generate growth and make Britons wealthier. That's prompted some grumbling back home as opposition parties urge Reeves to pull the trip altogether.

EMBATTLED Rachel Reeves arrived in China today amid fury over a major debt crisis and a plummeting economy at home. The under-siege Chancellor took off for Beijing last night as yields on UK bonds

The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds

RACHEL Reeves must cancel her trip to China to deal with sweeping market panic, the Conservatives have demanded.  The Chancellor was today warned she faces being the next Kwasi Kwarteng

Rachel Reeves' surge in borrowing costs will lead to increased interest rates on mortgages and business loans, economists have warned.

The trip by Ms Reeves, who Ms Nandy said is “relentless in her pursuit of growth”, comes as the pound fell again by as much as 0.3pc overnight, having earlier hit its lowest level since November 2023.