Reeves eyes new year trip to China to bolster trade ties
Tuesday, 1 October 2024 Rachel Reeves, the chancellor, is drawing up plans for a visit to China early next year that would include resuming a key financial services trade summit for the first time since 2019.
The chancellor says the welfare system "needs reform", as more than 40 MPs have written to Prime Minister Sir Keir Starmer urging him to pause and reassess planned cuts to disability benefits. Rachel Reeves adds, "the current levels of people going onto these benefits is not sustainable". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has hailed the new UK-US trade deal as being a "good deal" for sectors such as car manufacturing, aerospace, life sciences and steel. The chancellor adds the agreement is a "big improvement from where we were a month ago". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has insisted that rebelling Labour MPs "know the welfare system needs reform" as the government faces a growing backlash over planned.. Sky News
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On the politics, this is a win for Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves. And a big one: just at the point he really needed it after.. Sky News
Tuesday, 1 October 2024
Rachel Reeves, the chancellor, is drawing up plans for a visit to China early next year that would include resuming a key financial services trade summit for the first time since 2019.
![Chancellor: Welfare system is unsustainable and needs reform [Video]](https://video.newsserve.net/300/v/20250509/1410314326-Chancellor-Welfare-system-is-unsustainable-and-needs-reform.jpg)
![Reeves hails UK-US trade deal for British industries [Video]](https://video.newsserve.net/300/v/20250509/1410314106-Reeves-hails-UK-US-trade-deal-for-British.jpg)
![Chancellor welcomes interest rate cut [Video]](https://video.newsserve.net/300/v/20250508/1410218508-Chancellor-welcomes-interest-rate-cut.jpg)
