Chancellor says UK economy is suffering 'sprained ankle'
Video Credit: ODN - Duration: 00:58s - Published
Chancellor says UK economy is suffering 'sprained ankle'
Chancellor Jeremy Hunt said the UK economy is suffering from a "sprained ankle" but rejected the diagnosis of a "broken leg" as he painted an optimistic picture of the future.
The chancellor stressed the need for “positivity” about future growth prospects as he referenced Elon Musk's recent visit to the UK.
"When Elon Musk was here three weeks ago, he said there were only two centres in the world for AI, San Francisco and London.
“We’ve got a lot going for us, so if we’re going to go into dealing with the sprain, rather than the broken leg, then let’s do so from a perspective of positivity," Mr Hunt said.
Report by Kennedyl.
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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
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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