
Chancellor heads to China in search of growth amid surging borrowing costs
Chancellor Rachel Reeves eyes economic opportunities in China while sticking to her strict borrowing limits, as the UK faces rising bond yields and mortgage uncertainties.
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

Chancellor Rachel Reeves eyes economic opportunities in China while sticking to her strict borrowing limits, as the UK faces rising bond yields and mortgage uncertainties.

UK’s 10-year gilt yield hits 4.82%, its highest since the global financial crisis, fuelling inflation concerns and threatening the chancellor’s fiscal targets.

Britain’s supermarkets brace for a 4.2% surge in food prices this year, warns the BRC, as higher employer NI contributions, wage hikes and packaging levies push…

Sterling posts its steepest three-day loss in nearly two years as surging UK bond yields reach multi-decade highs, stoking concerns over fiscal policy and growth.

Piers Morgan quits Rupert Murdoch’s media empire, taking full ownership of his Uncensored brand on YouTube. Discover why the outspoken broadcaster chose greater independence and global…

Taxpayers stand to save both money and headaches in 2025 by committing to better tax practices in the year ahead, according to leading audit, tax and…

Neville Taylor, linked to more than 400 UK firms, has been banned from directorships for nine years after an Insolvency Service probe found he helped struggling…

Debt-laden Asda has emerged as the weakest performer among Britain’s biggest supermarkets this festive season, as new data from Kantar shows a steep 5.8 per cent…

Shein faces fierce scrutiny from UK MPs over forced labour concerns in Xinjiang, casting serious doubt on its proposed London IPO and £50bn valuation.

JPMorgan Chase is reportedly poised to mandate a full five-day office week for thousands of its employees, signalling a further clampdown on remote and hybrid working…

AI spinout RoboK has secured £1m in UKRI funding to lead the PALLETS project, transforming safety and efficiency in UK ports and warehouses through AI-powered real-time…

Over 700 McDonald’s workers have launched a legal case alleging bullying, racism, and sexual harassment at over 450 UK outlets. Discover how the fast-food giant is…

Britain’s retailers have suffered another blow after budget-conscious consumers reined in their Christmas spending, disappointing hopes of a bumper festive season and leaving the “golden quarter”…

Concierge group Quintessentially, co-founded by Sir Ben Elliot, flags “material uncertainty” amid £15m loan deadlines and net liabilities of £29m.

UK firms cut jobs at the fastest rate in four years in December, according to the latest PMI survey, with hiring freezes and layoffs triggered by…