Rachel Reeves faces MPs over financial turbulence

Rachel Reeves faces MPs over financial turbulence – watch LIVE 13:15

Chancellor Rachel Reeves seeks to reassure turbulent markets amid high Government borrowing costs as she faces a grilling from MPs later. The Chancellor will answer questions in the Commons for the first time since her return from a trip to China criticised by political opponents for coinciding with a week of volatility for the pound and soaring yields on UK bonds.

Speculation about her position mounted on Monday after Sir Keir Starmer said he had confidence in her but declined to confirm she would stay in Number 11 until the next general election when asked by journalists a press conference in east London.

UK Chancellor Rachel Reeves returned yesterday from a trip to China aimed at strengthening economic ties between the two nations. She claimed that her efforts would boost economic growth, at a time when the British economy feels increasingly anaemic

At a press conference with Chinese Vice Premier He Lifeng, Reeves announced: “I believe that increasing trade and investment with an economically important partner like China is crucial for achieving my number one mission in Government — economic growth.”.