Rachel Reeves returns to the Treasury after a trade mission to China, amid market turbulence from bond selloffs and anticipation of key UK inflation and GDP data.
The chancellor's decisions may need to change depending on prolonged bond selloff effects, as market expectations regarding US interest rates influence the UK economy.
Critics argue that Reeves should have stayed home to manage the financial turmoil; however, industry leaders advocate for ongoing engagement with China, the second largest economy.
Inflation concerns were highlighted as the UK faces rising consumer prices; the upcoming CPI and GDP data are crucial for policymakers navigating economic uncertainty.
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