As the pound hits fresh lows and borrowing costs spiral leaving the City in meltdown Rachel Reeves has chosen this moment to flee to China to kowtow to communist dictator Xi. Lisa Nandy was wheeled out on the morning media rounds to defend her colleague, insisting it was “absolutely” the right decision for Reeves to jet off claiming Reeves is “relentless in her pursuit of growth.” Nandy must have missed the headlines dubbing this Reeves’ “Truss moment”…
Reassuringly, Nandy went on to say that she doesn’t think we should be “worried” about 30-year yields rising to their highest levels in decades or the pound’s 0.3% drop last night. Instead, she insisted we focus on keeping the UK economy “competitive” and fostering ties with the “second-largest economy in the world” arguing that “what China does has the biggest impact” on the lives of Brits. China hawks will agree with her on the impact of Beijing’s influence, though not for Nandy’s reasons…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”