The shadow chancellor says a Labour government would put forward a new charter for budget responsibility which would guarantee in law that any government making permanent and signficant spending changes will be subject to an independent OBR forecast.
Rachel Reeves says "the devastation Liz Truss and the Tory government have inflicted" will never be allowed to happen again.
Report by Brooksl.
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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
Chancellor Rachel Reeves insists she is “confident” the UK can secure a trade deal with the United States but will “only ever act” in the national interest in agreeing to one. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has said she will be having "conversations with the US administration" next week as the UK looks to secure a trade deal with Washington. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves said the UK is “resolved” to secure the best possible trade deal with the US but is also seeking to boost ties with other countries. She stressed the importance of protecting British jobs and industry while continuing talks with American counterparts. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer is facing a looming rebellion over his welfare reform package by dozens of Labour MPs who have warned it is "impossible to support" in its.. Sky News
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. 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 sent his chief cabinet "fixer" to attempt to calm down jittery Labour MPs in a mutinous mood after last week's elections drubbing by Reform. Sky News
A senior Labour MP has said the government needs to take "corrective action" over planned disability cuts - as Sir Keir Starmer faces a growing backbench.. Sky News
There was no conflict of interest in the incoming football regulator chair donating to Sir Keir Starmer's Labour leadership campaign, Downing Street has said. Sky News
Nigel Huddleston admitted the Conservative Party faces significant challenges after losing over 650 local council seats. He stressed the party's ongoing renewal process, aiming to return to core Conservative values. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Treasury Minister Richard Fuller admitted the Conservatives faced a “very difficult night” after losing nearly 700 seats and all 16 councils they were defending. He said Reform UK had done well, partly due to public disillusionment with Labour, but warned the party would now need to prove itself beyond slogans. Fuller said the Tories must rebuild trust ahead of future elections. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey said the Liberal Democrats are on course to become the new party of Middle England, as the party eyes major gains in traditional Conservative heartlands amid local election losses for both Tories and Labour. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch, whose party currently holds around half the seats up for election on Thursday, acknowledges that the local elections present her with a challenge. Visiting a farm in Lincolnshire, the Conservative leader says, “it is a very, very competitive political environment” and claims Reform UK are profiting through Labour doing so “badly”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch calls for prosecution of the rap trio Kneecap after a member of the group allegedly called for the death of Tory MPs. Video emerged of the group at a November 2023 gig appearing to show one member saying: "The only good Tory is a dead Tory. Kill your local MP." The Conservative leader accuses Kneecap of being "anti-British” and says, “they should be prosecuted”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the UK-US trade agreement is "not a historic deal". The Conservative Party leader adds it is simply a "small tariffs deal" that leaves the country in a "worse position than we were in March". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has held a phone call with the US president after agreeing a "historic" trade deal. Speaking from the White House, Donald Trump says there could not be a "more perfect morning to reach this historic agreement", given that the deal has been announced on the same day that Europe celebrated victory in World War II. Sir Keir Starmer replied by paying tribute to the historic, close partnership between the UK and US, adding that "the timing couldn't be more apt". 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 has celebrated the new UK and US trade agreement, saying it will "boost trade between the two countries" and "create more jobs" in the UK. The prime minister travelled to Jaguar Land Rovers factory in the West Midlands to announce the landmark agreement.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bognor Regis Town Crier Jane Smith has made a historic proclamation to mark the 80th anniversary of VE Day, where Allies achieved victory in Europe. 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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