whereas andrew bailey has been focused on the outlook he needs to shift now and look at the bond marketnd fiscal headroom and the pickle the government have found themselves in and respond if he doesn't do it sooner or later, he will find the uk in had a more challenging outlook for growth. >> from what you are telling me, the biggest pressure, you said there is actually coming on the fiscal side, is because of the budget we will be on obtain in w government is number 11 and 10 listening to us in the bond market at the moment >> yup in the u.s., donald trump doesn't listen to many people, but the bond arket is one thin he should be listening to. i'm not sure of andrew bailey is listening to he should be i would be telling him to ramp up the rhetoric about the interest rate cuts over the next 12 months. the government will not change their decision making now. they've got another budget in march. if the outlook doesn't change, of course, fiscal headroom eroded by the cost of interests going up with the bond yields rising the growth outlook deteriorating. the bond market is telling them y

in the market pricing so they are only pricing in two quarter-point cuts this year even though andrew baileynaled a four would be coming >> so pairing those expectations around the bank of england and rate cuts even as growth stagnates in the u.k.. will we get a growth rift -- growth lift from our relationship with china? what is rachel reeves hoping to achieve? >> the prime minister's spokesman was asked did she think about suspending the trip and it was not considered being and had given -- being and had been in the diary for so long. you go back to the pint glass clinking moment with president xi and david cameron and we are a long way from that. keir starmer wants to reset relations but that golden age is not what reeves is going for at all. clearly china also needs to make some friends right now at a huge part of this will be about a focus on opportunities for the financial sector. but it does not stop the fact that the timing is risky. we are just over a week away from doll from being inaugurated. you already had some members of his team expressing concerns that maybe this will show a

. >>> now the uk chancellor rachel reeves and bank governor andrew bailey will continue with the tripo china although there were talks about cancelling about the pressure of gilts. sam vadas filed this report. >> reporter: rachel reeves trip to china is described as a curious time as beijing welcomes the push for reengagement and there are questions if things will change particularly with the spy allegations which beijing denies. mean point out it comes at a time when both economies are facing challenges. in china, officials are desperate for more foreign investment. at the same time, they are skeptical with western trading partners like the u.s. and eu given tariffs and export controls. what is interesting is there is extensive coverage in british media, few details in china. there's been no shortage of state media commentary since starmer took office indicating an independent plan to boost trade with china. the policy is basically similar to the u.s. approach. trading china like a competitor and interfering in internal affairs, while on the other hand, hopeful it can capitalize on e