Chief Secretary to the Treasury Laura Trott says the drop in inflation is not an accident but the result of the government's 'hard work' and 'deflationary’ spring Budget.
New figures from the Office for National Statistics show the rate fell to 3.2% in the year to March.
Report by Alibhaiz.
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Chancellor Jeremy Hunt says the latest GDP figures that show that 2023’s recession was slightly weaker than originally thought are a “testament to the resilience of the economy”. Figures released by the Office for National Statistic revealed the economy shrunk for two quarters in a row, but the total contraction over that six-month period dropped from 0.5% to 0.4%. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’. Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Work and Pension Secretary Mel Stride said the latest employment statistics are "a step in the right direction." The latest figures from the Office of National Statistics revealed unemployment rose and wage growth slowed in the three months to January. However, Mr Stride pointed out: "We've still got a record level of payroll employment and we're seeing real wages rising for the eighth month in succession. This is really because our plan is working." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The cost-of-living crisis and the end of the Covid-19 pandemic have been reflected in the Office for National Statistics’ ‘basket of goods’, which measures the UK’s inflation rate. A pint of Guinness and hand sanitiser have been removed whilst gluten-free bread and air fryers are in. Vinyl records have made a return to the basket after a 32-year absence, thanks in part to the success of a Taylor Swift album. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Health Secretary Victoria Atkins vows to find and remove migrants who have gone missing. She says, “law enforcement will now deal with this to locate those that have no reported as they should have done.”
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak has said he doesn't agree with comments made by Tory defector Dan Poulter, arguing it was the 'common sense majority position' of the country to reform the welfare system. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak has said he's not going to accept the return of asylum seekers from Ireland, adding he was confident the Rwanda Bill complied with international obligations. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Humza Yousaf has announced his resignation as Scotland's first minister ahead of forthcoming confidence votes. Mr Yousaf had been battling for his political survival after terminating the power-sharing deal between the SNP and Scottish Greens on Thursday. He entered Holyrood in 2011, first as a regional MSP and then as the representative for Glasgow Pollok five years later. In 2012, he became a junior minister in Alex Salmond’s government, before being promoted to the Scottish Cabinet during Nicola Sturgeon’s premiership. He went on to become the youngest and the first Asian and Muslim first minister in the office’s history. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt has welcomed the cut to National Insurance by visiting a Morrison's store to meet its employees.
He reiterated the government's aspiration to reduce even more of the tax when it was 'responsible' to do so. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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