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What's going on in the markets and should we be worried?

Sky News Thursday, 9 January 2025
What's going on in the markets and should we be worried?The chancellor is under pressure because financial market moves have pushed up the cost of government borrowing, putting Rachel Reeves' economic plans in peril.
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Rachel Reeves Rachel Reeves British politician (born 1979)

Rayner refuses to repeat chancellor's pledge on tax hikes

Angela Rayner has refused to repeat Rachel Reeves' pledge that taxes will not be increased at the next budget.
Sky News
PM joins Reeves and Reynolds to promote industrial strategy [Video]

PM joins Reeves and Reynolds to promote industrial strategy

Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:53Published
Chancellor: It’s up to the US to make the case for bombing [Video]

Chancellor: It’s up to the US to make the case for bombing

Rachel Reeves doesn’t say whether the UK believes strikes by the US on Iran were legal. The Chancellor tells broadcasters during a visit in the West Midlands: "It is up to the US to make that case. We were not involved in these actions and, of course, we would never comment on the legal advice that the government receives." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published
Chancellor reacts to latest interest rates decision [Video]

Chancellor reacts to latest interest rates decision

Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:38Published
Reeves 'disappointed' that economy shrunk 0.3% in April [Video]

Reeves 'disappointed' that economy shrunk 0.3% in April

Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published

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