Starmer’s plans to avoid repeat of Truss mini-budget chaos
Video Credit: ODN - Duration: 00:45s - Published
Starmer’s plans to avoid repeat of Truss mini-budget chaos
Labour Leader Sir Keir Starmer has set out his plans to ensure the Office for Budget Responsibility assesses every major fiscal statement by the government, to avoid future market fallouts like the one sparked by Liz Truss in 2022.
During a visit to the London Stock Exchange, he said: “Just a year or so ago we had the disastrous mini-budget of Liz Truss and people are still paying the price for that and that can never be allowed to happen again.” Report by Buseld.
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Sir Keir Starmer has unveiled a pledge card with six "first steps" the Labour Party would take if it were to form a government after the next general election. The steps include measures to invest in the NHS, education and policing, to set up a new national energy company and an elite border force, and to promote economic stability. The move, unveiled during a campaign speech in Essex, is reminiscent of Tony Blair’s five pledges ahead of Labour’s landslide victory in 1997, and less favourably of Ed Miliband’s promises carved into stone in 2015. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Responding to The Office for Budget Responsibility’s figures, forecasting that national debt will rise every year for the next four years, the prime minister says it is "very important we have debt under control" and points to the "context" of the last few years, including the pandemic.
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A Moroccan asylum seeker has been sentenced to life in jail for murder, with a minimum term of 45 years, at Teesside Crown Court. In October last year, 45-year-old Ahmed Alid stabbed Iranian Christian convert Javed Nouri at the house he was sharing with other asylum seekers before looking for more victims in Hartlepool town centre. He then stabbed and killed 70-year-old Terence Carney who was out for his regular early morning walk. Alid told police he had committed his crimes out of “revenge” for Israel killing children in the Palestinian conflict. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Pastor of Jubilee Church, Tope Koleoso, described the service for 14-year-old Daniel Anjorin as “gentle and peaceful” as dozens of mourners gathered to pay their respects.
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From anti-violence Facebook posts to poetry and pictures with a "national voluntary civil militia" group, the digital footprint of the suspect in the shooting of.. Sky News
The personal fortunes of the prime minister and the King have risen in the last 12 months, according to the Sunday Times Rich List 2024. Rishi Sunak and wife Akshata Murty’s wealth surged from £529m last year to £651m this year. Meanwhile, King Charles’ wealth also grew, rising from £600m last year to £610m this year. This year’s list was again topped by Gopi Hinduja and his family, who control the Hinduja Group, and saw their wealth rise from £35bn to £37.2bn. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour has proposed new plans to ensure ministers are legally bound to consult the Office for Budget Responsibility on major tax and spending changes, to prevent a recurrence of Liz Truss and Kwasi..
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