Reynolds: Rates unlikely to be cut despite fall in inflation
Video Credit: ODN - Duration: 00:49s - Published
Reynolds: Rates unlikely to be cut despite fall in inflation
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’.
Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’.
Report by Covellm.
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Chief Secretary to the Treasury Laura Trott says the drop in inflation is not an accident but the result of the government's 'hard work' and 'deflationary’ spring Budget.
New figures from the Office for National Statistics show the rate fell to 3.2% in the year to March. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the latest GDP figures that show that 2023’s recession was slightly weaker than originally thought are a “testament to the resilience of the economy”. Figures released by the Office for National Statistic revealed the economy shrunk for two quarters in a row, but the total contraction over that six-month period dropped from 0.5% to 0.4%. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Work and Pension Secretary Mel Stride said the latest employment statistics are "a step in the right direction." The latest figures from the Office of National Statistics revealed unemployment rose and wage growth slowed in the three months to January. However, Mr Stride pointed out: "We've still got a record level of payroll employment and we're seeing real wages rising for the eighth month in succession. This is really because our plan is working." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The cost-of-living crisis and the end of the Covid-19 pandemic have been reflected in the Office for National Statistics’ ‘basket of goods’, which measures the UK’s inflation rate. A pint of Guinness and hand sanitiser have been removed whilst gluten-free bread and air fryers are in. Vinyl records have made a return to the basket after a 32-year absence, thanks in part to the success of a Taylor Swift album. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Yemen's Houthi rebels claimed responsibility for striking the Andromeda Star oil tanker in the Red Sea, part of their solidarity with Palestinians amid the Gaza conflict. The ship sustained damage, confirmed by Ambrey. Recent attacks on commercial vessels raise concerns of regional destabilization. The USS Dwight D. Eisenhower's departure from the Red Sea coincided with heightened tensions.
#Yemen #HouthiRebels #Palestine #GazaConflict #HouthiAttacks #RedSeaAttacks #Israel #Gazawar #Worldnews #MiddleEastnews #Oneinda #Oneindia news
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Yemen's Houthis attacked the Andromeda Star oil tanker in the Red sea en route from Russia to India. The vessel, involved in Russian trade, reported damages. The.. IndiaTimes
Shipping traffic through the vital Suez Canal artery has plunged by 66% since cargo was forced to divert due to attacks on vessels, according to official.. Sky News
Indian exporters are facing challenges as costs surge due to Houthi attacks on shipping in the Red Sea, resulting in a significant rise in cargo insurance.. IndiaTimes
Policing minister Chris Philp has defended the government's record on the NHS, after former Conservative MP Dr Dan Poulter defected to Labour. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow health secretary says Dan Poulter's defection to Labour "speaks volumes." Dr Dan Poulter, a former Conservative MP, announced he would be taking the Labour whip until the next election as the Conservative party no longer prioritised the NHS. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Hun Manet announced that twenty soldiers lost their lives in an ammunition explosion at a base in western Cambodia. The incident, which also left several soldiers injured, took place on Saturday afternoon at an army base in Kampong Speu province. Hun Manet shared the news through a statement on Facebook, though further details about the explosion were not provided.
#CambodiaBlast #MilitaryBaseExplosion #AmmunitionExplosion #CambodiaTragedy #HunManet #CambodiaArmy #MilitaryBaseBlast #CambodiaIncident #CambodiaExplosion #MilitaryBaseTragedy
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"Hundreds of thousands" of people descended on London for a pro-Palestinian march on Saturday, as the Metropolitan Police warns months of protest have caused "fear and uncertainty" in Jewish communities.
The event, organised by the Palestine Solidarity Campaign (PSC), began at Parliament Square from 12pm and is expected to draw larger crowds as the day goes on.
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