CNBC's UK Exchange newsletter: Starmer's great crawl to China [CNBC]
Diageo plc (DEO)
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Source: CNBC
China was Britain's sixth largest export market for goods and services in the year to June 2025, but exports to the country were down 10% on the previous 12 months. Relations with China have deteriorated since George Osborne, the former Chancellor, heralded a “golden decade” for both countries. In this article This report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It is now more than a decade since George Osborne delivered a speech on the floor of the Shanghai Stock Exchange expounding the virtues of a strong partnership between the U.K. and China. Scores of dignitaries, including chief executives, civic leaders and heads of cultural institutions, heard the then Chancellor of the Exchequer [Britain's term for finance minister] declare: “Let's stick together and make Britain China's best partner in the West. “Let's stick together and create a golden decade for both of our countries.” In his speech, on Sept
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