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UK's gunboat policy will likely sink its trade hopes

China Daily | Updated: 2019-02-18 07:34

The incumbents of Downing Street and the United Kingdom Treasury are reportedly tearing their hair out at the injudicious words of the UK secretary of state for defense who has ruined a crucial trip by the chancellor of the exchequer to Beijing.

A trip considered "a vital part" of the United Kingdom's endeavors to cement global trading links as it struggles to bring home the bacon after Brexit. A trip that British media claim would be worth 10.2 billion pounds ($7.88 billion) over a five-year period.

The British Treasury has confirmed Philip Hammond, its chancellor, will not travel to Beijing, but it has sought to downplay the incident claiming "No trip was ever announced or confirmed".

UK's gunboat policy will likely sink its trade hopes

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