Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial markets in the UK, but said the rules she set for herself in October were essential for economic stability. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Growth is the number one mission of this Labour government, and to grow the economy we need
00:17to help great British businesses export around the world, like Brompton Bikes are doing here.
00:23And that's why I've got with me a delegation of senior UK finance bosses to unlock tangible
00:30benefits to help British businesses export and trade with the second largest economy
00:35in the world, and always doing that in the UK's national interest.
00:39There's undoubtedly been moves in global financial markets over the last few days.
00:45I'm not going to provide a running commentary on that, but what I would say is that the
00:50fiscal rules that I set out in my budget in October are non-negotiable, and growth
00:56is the number one mission of this government, to make our country better off.
01:00And that's why I'm in China, to unlock tangible benefits for British businesses exporting
01:06and trading around the world, to ensure that we have greater access to the second biggest
01:11economy in the world.
01:13And when we have these pragmatic conversations with Chinese leaders, and indeed with Chinese
01:18businesses, we will always be acting in Britain's national interest.