Chancellor on UK economy: ‘We’re not out of the woods’
Video Credit: ODN - Duration: 00:29s - Published
Chancellor on UK economy: ‘We’re not out of the woods’
Chancellor Jeremy Hunt says the fact that the UK narrowly avoided recession as the economy flatlined in the last three months of 2022, "shows there is underlying resilience in the UK economy", but adds, "we're not out of the woods".
Speaking to reporters after the figures were released, the cabinet minister says: "Inflation is still much too high and it is causing pain for families up and down the country, which is why we need to stick to our plan to halve inflation." Report by Patelr.
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Jeremy Hunt has said it is "encouraging" that ONS figures show the UK economy has grown by 0.6% between January and March. The chancellor argues that Labour is the party "gaslighting" the public by saying everything is "going wrong with the British economy" and that the latest statistics show Britain's longer term prospects are "significant". Report by Brooksl. 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 Bank of England's decision to leave interest rates unchanged, adding he would rather it didn't rush into a decision it'd later have to backtrack on. Report by Alibhaiz. 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
Rishi Sunak, Jeremy Hunt and Grant Shapps have been greeted by the British ambassador to Poland, Anna Clunes, at Warsaw Airport.
The prime minister is in Poland to discuss security with his counterpart Donald Tusk and Nato Secretary General Jens Stoltenberg. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says he would like to bring down taxes - but only if it were fiscally responsible.
He adds he would also like to put more money into public services through growing the economy rather than more funding. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Labour leader has said Natalie Elphicke has made clear the Conservative Party are "out of road" and "incompetent", following her defection to Labour. Sir Keir Starmer added, "I don't think she's alone", and believes there are "many Conservative supporters and voters" who feel Labour is the "only party that can take our country forward". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer says Labour would scrap the government's Rwanda scheme, labelling it a "waste of taxpayers' money". The Labour leader adds a new Border Security Command would help take down people-smuggling gangs in the first place. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
An ex-prisoner has been sentenced to an indefinite hospital order for killing an elderly mobility scooter rider. Lee Byer, 45, was psychotic when he stabbed 87-year-old Thomas O’Halloran in Greenford, west London, in August 2022. Mr O’Halloran, originally from County Clare, was well-known in the Greenford community. Byer, who had had a string of convictions, was released from Wormwood Scrubs five days before the killing. Mental health reports found Byer was psychotic, hearing voices, and suffering from paranoid schizophrenia. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak has said that "after a difficult couple of years", the UK has made the case that it is now the "best place" to start and invest in a business. Speaking at a PM Connect event at Siemens Healthineers factory, the prime minister added that the latest ONS figures showing a 0.6% growth in the economy gives him "enormous confidence and optimism that we are on the right track". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak has said he is "encouraged" that the economy has "real momentum", after the latest ONS figures show the UK economy is has grown by 0.6% between January and March. The prime minister added "we are heading in the right direction and people will start to feel that change". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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