Britain is aiming to establish a “pragmatic and serious relationship” with China, as Sir Keir Starmer plans to meet with President Xi at the G20 summit to discuss economic stability, international cooperation, and climate change.

A senior economic adviser to Donald Trump has urged Britain to align with the US for trade agreements, cautioning against persisting with the European Union’s economic approach.

The governor of the Bank of England has urged a rebuilding of trade relations with the European Union, emphasising the economic benefits of a closer partnership post-Brexit.

Business leaders have criticised the proposed reforms by Rachel Reeves, warning that they may lead to higher prices and job losses, with a significant impact on the UK economy.