Reeves Seeks to Calm Market Turmoil as UK Touts China Deals
- Fiscal rules set out in October budget are ‘non-negotiable’
- Officials agree to enhance financial services, trade links
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UK Chancellor of the Exchequer Rachel Reeves sought to allay market concerns over the government’s fiscal position during a trip to China, where she reached deals worth £600 million ($731 million) to the British economy over the next five years.
“There’s undoubtedly been moves in global financial markets over the last few days,” Reeves told reporters in Beijing on Saturday. “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.”