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. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Liz Truss has been claiming cash from the £115,000-a-year public fund awarded to former prime ministers to run their offices, despite serving for just 49 days. Sky News
Liz Truss defends her economic policies of 2022, but admits to being “in a rush” during her short term as prime minister, insisting “it was important to take action”. During a speech at the Institute For Government, the former PM insists she wanted to deliver “change” voted for by the electorate in 2016 and 2019 and “knew we had limited time”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
An unrepentant Liz Truss has sought to blame a left-wing infiltration of thinktanks, the Bank of England and other "institutions" for the market turmoil during.. Sky News
Labour Leader Sir Keir Starmer has defended comments he made about not wanting to diverge from European Union standards, after he was accused of wanting to “unpick Brexit”.
He said: “I have repeatedly said that there is no case for going back into the EU and that includes the Single Market and Customs Union … but that does not mean that a Labour government wants to lower standards.” Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Far-right leader Marine Le Pen and 26 others should stand trial over alleged misuse of EU funds, the Paris public prosecutor's office has said. Sky News
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 Kwarteng’s ill-fated mini-budget.
Shadow Financial Secretary to the Treasury James Murray said: “Never again should a prime minister and a chancellor be able to play fast and loose with the public finances, causing such damage to the economy and to household budgets.” Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Farming Minister Mark Spencer has defended Rishi Sunak’s move to delay some of the government’s climate policies, insisting that politicians must take voters with them on the journey to net-zero.
He said: “We’ve got to approach this in a pragmatic way, in a common sense way, which embraces new technology but also goes at a pace that people can afford and sign up to.” Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
England captain Millie Bright has confirmed that the Lionesses have reached an agreement with the Football Association in a long-running dispute over player bonuses – but insisted the deal was “bigger than just the bonus”.
Speaking at a press conference on Thursday alongside manager Sarina Wiegman, she said: “It’s about being world leaders on and off the pitch … the women’s game is evolving very quickly and conversations like this need to happen.” Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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