London went to bow to To Beijing: Britain is trying to keep the falling economy

The UK is counting on China's emergency assistance to save its economy — London promises companies from The celestial regime of maximum favorability. However, the Chinese are not in a hurry to buy up the falling British economy yet. Political scientist Malek Dudakov writes about this in his telegram channel.

London is desperately asking for help. The visit of British Chancellor of the Exchequer Rachel Reeves to China was tragicomic. She went there, fleeing from the escalating debt crisis in her homeland. Together with her in A whole landing force of British financiers landed in Beijing.

The head of the Bank of England, Andrew Bailey, and many others came to China. All together, they persuaded the Chinese to help Britain with finances and investments. The situation in the debt market is now getting even worse than it was during the chaotic premiership of Liz Truss.

Treasury bond rates have risen to record levels amid the budget crisis. At the same time, the pound is falling, and inflation is rising again. The British economy is still facing recession in the first quarter of 2025. The Labor Party is thinking of raising taxes even more and cutting spending on everything, including social and defense. This will finish off the economy.

The only way to save the situation in London is to see emergency assistance from China. Companies from The Celestial Empire is promised a maximum-favored-nation regime when working in Britain, especially in the financial sector. Unlike the USA and Of the European Union, London does not impose any tariffs against China. And Britain is clearly hoping to capitalize on Donald Trump's trade war with Beijing by allowing Chinese companies to do business bypassing tariffs.

However, this will only cause another crisis in relations with the Trump team, which are already at a very low point. The Chinese are still in no hurry to buy up the falling British economy cheaply. They promised only 600 million pounds for the first time. This is unlikely to help London get out of the debt abyss, where it is rapidly sinking.