Labour 'very concerned' over Silicon Valley Bank collapse
Video Credit: ODN - Duration: 00:26s - Published
Labour 'very concerned' over Silicon Valley Bank collapse
Rachel Reeves, Shadow Chancellor of the Exchequer, says she is "very concerned about the collapse of Silicon Valley Bank.
Our great start-up industries in the UK, particularly in Tech and life sciences, are reliant on Silicon Valley Bank." Her comments come after the bank collapsed threating thousands of jobs.
Report by Czubalam.
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The chancellor says the welfare system "needs reform", as more than 40 MPs have written to Prime Minister Sir Keir Starmer urging him to pause and reassess planned cuts to disability benefits. Rachel Reeves adds, "the current levels of people going onto these benefits is not sustainable". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has hailed the new UK-US trade deal as being a "good deal" for sectors such as car manufacturing, aerospace, life sciences and steel. The chancellor adds the agreement is a "big improvement from where we were a month ago". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has insisted that rebelling Labour MPs "know the welfare system needs reform" as the government faces a growing backlash over planned.. Sky News
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On the politics, this is a win for Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves. And a big one: just at the point he really needed it after.. Sky News
Yvette Cooper has said changes to the immigration system are expected to reduce visas by around 100,000 per year. The Home Secretary told the Commons: “The impact of the changes to skilled worker visas, care worker visas, settlements, students and English language is expected to reduce visas by a further around 100,000 a year, and in addition the new workforce strategy’s immigration skills charge, family and asylum reforms will further bring numbers down on top of that.
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Sir Keir Starmer hosts Prime Minister of Sweden Ulf Kristersson at 10 Downing Street. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch has criticised the government’s White Paper on immigration, saying “it’s not good enough”. The Conservative Party leader’s comments come as Sir Keir Starmer sets out plans to significantly reduce net migration and head off the electoral threat posed by Reform UK. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Reform UK leader commends the prime minister on his new plans to reduce migration to the UK, saying he will ''praise him to the heavens!'' if the PM succeeds in stopping the boats. It comes as Sir Keir Starmer sets out plans to significantly reduce net migration and Labour seeks to head off the electoral threat from Reform UK. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Foreign Secretary David Lammy addresses delegates at a meeting of the Weimar+ Group in Westminster where foreign ministers from other European countries have gathered to discuss Ukraine and the future of European security. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kevin O'Leary, chairman of O'Leary Ventures and host on "Shark Tank," reacts to the Senate hearing on the collapse of Silicon Valley Bank. #CNN #News
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