Embattled Rachel Reeves opens door to emergency spending cuts as market chaos piles pressure on public finances

RACHEL Reeves has opened the door to emergency spending cuts as market chaos piles pressure on public finances.

The embattled Chancellor yesterday came out fighting as she defended her controversial trip to China while Britain’s economy took a battering.

AFPEmbattled Rachel Reeves has opened the door to emergency spending cuts amid market chaos[/caption]

She blamed “global markets” for the record spike in UK debt interest payments, dismissing Tory claims that her Budget caused the surge.