The cost of government borrowing rose again this morning and the pound fell – with financial markets still worried by the country’s faltering economy and weak public finances.
(Subscribe: https://bit.ly/C4_News_Subscribe)
The Chief Secretary to the Treasury, Darren Jones, tried to calm nerves, saying the government was determined to keep the national debt under control.
The Chancellor herself is on a flight to China, in search of new trade and investment opportunities to kick start the economy.
———————–
Follow us:
Facebook – https://www.facebook.com/Channel4News/
Twitter – https://twitter.com/Channel4News
TikTok – https://www.tiktok.com/@c4news
Instagram – https://www.instagram.com/channel4news/
source
This country is a DUMP. Labour are going to make even worse . The only politician that speaks any sense is NIGEL FARAGE. Everyone has got to vote REFORM UK, Give Nigel Farage a go as PM.
UK has Fallen
More millionaires have left the UK than any other country that China.
That is an indictment of the failures of our MP's to manage competently.
The public sector is 10-15% below pre covid productivity levels. When the land registry staff were asked to work in the office 3 days a week instead of 2 , the union representative had the audacity and arrogance to say … this is not victorian Britain, as if being asked to work at your place of work was akin to working in mines or factories for double the number of hours , 6 days a week without pension, healthcare, social security etc.
The civil service is dominated by middle class London and home counties suburbanites ie the woke left. They undermined the tory government and will do the same to Labour if it threatens their interests.
The country needs to cut social welfare, over 10 million working age people is not acceptable, we need to drive productivity in the public sector by AI/ IT means if necessary, we need to cut waste, cut the cost of government, make it easier to hire and fire non-performing staff. We need to incentivise technological investment both from UK and overseas companies and we need to strive to build relationships with nations around the world.
There is so much wrong with the country only radical thinking can change the tide.
Incompetent and lying govt, have Labour dpne anything they said yhey would pre election?
Our govt are a sham!
Imagine taxing every employee 30% and having the scalce of debt we do!!!!!
Lord Patten is the last person to ask about business opportunities with China.
China's econ is in deep trouble as well, what a stupid move to beg for help from them.
Helia Ebrahimi wins the prize for the most irritating person on any news programme.
4:12, why he keeps use the term ‘us bending our knees to China’? I thought UK is on his knees because UK’s economy is crumbling.
Plus, the real question, as an equal business partner to China, what can UK put on the table? If UK has nothing but to lecture how China should rule in Hong Kong, well, are you sure you not having a nostalgic moment for a powerful empire?
"Remember remember the fifth of November" This should be are next public holiday or the closest Monday. "Political accountability day" Well he managed to keep them honest for awhile. They seem to think we are celebrating the fact he was caught. lol This should be a day of reflection on what the government have said the previous year and what they actually did. They need to be held accountable. On this day the country should by law be able to fire by the worst politician of the year, as voted for by the country.
If there is a crisis coming dont blame Rachel Reeves. Blame Jeremy and co
All the sputter about 'bending the knee' to China…Trump also expects the same of us to the USA. UK is no longer a relevant superpower. Unless things turn for the better, the UK will need to bend the knee to anyone to get us out of this mess.
Glad I didn’t vote this government 😂
The Sunak-Hunt period now looking like a golden era . Who'd have thought 😆
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over a million dollars from trading the crypto market last year regardless of the market conditions 😊.
MUGA – Make UK Great Again!
The UK is finished. We have no one in power who has a brain cell to fix the UK economy. I dread to think what this shambolic government will do to this country by the time REFORM take office.
What do you mean ‘is it on its way?’
She is not an economist and she is also blind, going to China to beg for investment when the Chinese people acknowledge the whole country is bankrupted! The government over there have been printing billion yuns to stabilise and boost their economy! Soon the Yun value will be par with the monopoly money!
Tea grown in China, exported to Great Britain, and then exported back to China . U.K. was doing a similar thing in India when it occupied her, just a different material. Somethings never change, huh?
Neoliberalism started by Margaret thatcher
Vote the communists out!
Rachel from accounts is doing a terrible job
Illegal undocumented muslims jumping hospital waiting lists ahead of British people.
Vote Reform Party 🇬🇧
Crazy policies such as net zero, are making the complete country poorer, and the public are just going along with this crazy policy
NHS hospitals in crisis, as 1,000s of pensioners are not turning on thier heating in this cold snap .
Reeves budget backfires as pensioners are filling NHS beds , flu and covid is rife in our hospitals, and pensioners are struggling to survive this cold winter and high energy prices.
IF YOU VOTED LABOUR THEY BETRAYED OUR ELDERLY.
Cut spending asap even at severe sacrifices.
UK needs revolution.
If you can move out and be conservative Christian.
I'm from Iraq
The Iraqi dinar has become worthless
I want to exchange my dinars for British pounds
How long will the British pound continue to fall?
when should i buy it?
In Iraq, we exchange paper dinars for paper pounds
directly
Iraq does not have an electronic market
Electronic markets are forbidden to Muslims
Heading for deflation ! Economy is finished ?
Banks r scamming public with the thieving government !
1920 crisis or crash coming !
Zero interest rates needed and close down the rich banks !
what Liz truss did was also market concerns was it not.. this guy Rupert doesn't really know his stuff with comments like that. I guess it's not the same thing when your a labour fan boy and Rachel reeves does it! We are in a far worse position now with the current government, interest rates up and growth is down!
Why is Channel 4 not calling for Starmer to resign now its even worse than under Liz Truss?
Oh yeah beacuse they are far left hypocrites.
"Standing up for your principles" G@z@ anyone?
0.2% not worth the financial effort , god help us !
Every country in the world suffered the aftermath of Covid…!! or was it just UK?