Rachel Reeves has vowed to act if her fiscal plans are blown off course by turmoil in the gilt market, as she announced a deal with China intended to boost Britain’s stagnating economy.
The UK chancellor, speaking in Beijing on Saturday, insisted she would meet her fiscal rules that have come under pressure after UK 10-year borrowing costs last week rose to the highest level since the global financial crisis.
“Those fiscal rules that I set out in the Budget in October are non-negotiable and we will take actions to ensure that we meet those fiscal rules,” she told reporters.
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