The chancellor's gamble with China: What price is Rachel Reeves willing to pay for closer trading ties?
The UK sticks out diplomatically and economically by refusing to impose extra tariffs on Chinese car companies. In return, Britain is hoping to boost exports of financial services in the coming years.
Given gilt yields are rising, the pound is falling and, all things considered, markets look pretty hairy back in the UK, it's quite likely Rachel Reeves's trip to China gets overshadowed by noises off.
No doubt it is quite likely that Rachel Reeves's trip to China gets overshadowed by noises off. Those noises off are a sound reason for sending her there for a while, but it isn't far enough.
Given friendlier relations with Elon Musk, a more suitable location might have been Mars, but China will have to do for now.
4 comments:
I should imagine that, when the loan from the CCP is called in, as so many have, over the years, and the country isn't able to repay it, Rachel from Accounts will offer somewhere like the Isle of Wight as an alternative repayment. After all, she is a trained, and qualified, economist, isn't she?
Penseivat
Penseivat - that's an idea, I bet people living on the Isle of Wight hope Rachel from Accounts get's somebody else to do the valuation though. We wouldn't want her to miss off a zero or two, it might dent her reputation as a trained, and qualified, economist.
Could we send her to LA to offer Foreign Aid? Or would that be lammy-brained's job?
dearieme - both would be good, plus Starmer to give it his approval.
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