Rachel Reeves has been slammed after returning from China with just £600 million of investment. The Chancellor made the trip last week despite turbulence on the UK gilt markets as the Budget fallout continues. The Labour politician said she had agreed deals worth £600 million to the UK economy over the next five years.

Rachel Reeves has said the UK has "no choice" but to engage "confidently" with China, as she arrived in Beijing to begin what she described as "financial dialogue" between the nations.

Agreements worth £600 million, potentially adding £1 billion in value to the UK economy, have been secured following Chancellor Rachel Reeves’ trip to Beijing.