Labour: Empower OBR to avoid repeat of Truss mini-budget
Video Credit: ODN - Duration: 00:48s - Published
Labour: Empower OBR to avoid repeat of Truss mini-budget
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 Kwartengās ill-fated mini-budget.
Shadow Financial Secretary to the Treasury James Murray said: āNever 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.ā Report by Buseld.
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Exchequer Secretary to the Treasury James Murray has welcomed news that UK inflation fell for the second month running. He called it an āencouraging signā that the governmentās economic plan is working but admitted āmany families are still struggling.ā Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A government minister has described the US tarriffs on steel and aluminium "disappointing" as they take effect today. Exchequer Secretary to the Treasury James Murray confirmed the UK are in negotiations with the US "as we speak" but said the government is unlikely to immediately retaliate. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer has hailed the "very important" trade deal the UK has reached with the US, that has "great potential for the future". The prime minister adds, "we will be relentless in wealth creation". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer says he "welcomes" the new Pope and looks forward to working with him, after Cardinal Robert Prevost was elected as the first US-born pontiff and leader of the Catholic Church. 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 the Joint Expeditionary Forces summit is "focussed" on supporting Ukraine, and defending values that were "hard won" during the Second World War. Speaking from Oslo, the prime minister adds that the government has announced its largest ever sanctions package against the Russian Shadow Fleet of oil tankers. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
"There could never be a justifiable reason" why two men felled the Sycamore Gap tree, Northumbria Police has said. Superintendent Kevin Waring also paid tribute to the "unwavering commitment of those involved in the case", after Daniel Graham and Adam Carruthers were found guilty of criminal damage following a trial at Newcastle Crown Court. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer joins European leaders, including Norway's Jonas Gahr StĆøre, for a family photo at the Joint Expeditionary Force Summit in Oslo. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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..
One year on from Liz Truss' mini-budget Labour MP Pat McFadden said that "people are still paying the price", quoting Labour's figures that indicate that Ā£300 billion has been wiped off the value of..
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