Tories: Wage rises could keep interest rates higher
Video Credit: ODN - Duration: 01:19s - Published
Tories: Wage rises could keep interest rates higher
Mel Stride says he is concerned about “pretty high wage increases" across the public sector which he believes could mean interest rates remain “higher for longer”.
The shadow work and pensions secretary says he is not “overly concerned” about figures released by the ONS which show a rise of inflation to 2.2% for July.
Report by Blairm.
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Mel Stride has appeared to distance himself from Robert Jenrick, who earlier posted a video on social media claiming Rachel Reeves' career as chancellor was "dead". The shadow chancellor adds, "everybody has their own particular way of conducting their politics". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride admits he felt "very upset" seeing a tearful Rachel Reeves sitting opposite him at PMQs in the House of Commons. The shadow chancellor adds that he sent her a message to make sure she was alright. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Sir Mel Stride describes Wednesday’s inflation figures of 3.4% as “pretty disappointing” saying it is “of this government’s making” after putting up National Insurance for employers in the last budget. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor says it is "deeply disappointing" that the economy shrunk by 0.3% in April, a figure higher than expected. Mel Stride adds, "this is a budget that's spiralling ever-upwards and this government is failing to get a grip on". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow chancellor Sir Mel Stride called Rachel Reeves’ plans a “spend-now, tax-later review”, warning she’ll return in autumn with “yet more taxes”. He said the review is “not worth the paper it’s written on” and accused Reeves of losing control, predicting a “cruel summer of speculation” after what he calls months of economic chaos. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Macron and his wife Brigitte attended a banquet at Guildhall, hosted by the Lord Mayor and City of London Corporation. They were joined by the Duke and Duchess of Gloucester. The event is part of the French state visit, celebrating ties between the UK and France. 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 and Emmanuel Macron have visited the British Museum to celebrate plans for a cultural exchange between the UK and France. The Prime Minister said: “In this new world our alliances are more important than ever… the UK is proud to stand shoulder to shoulder with France, supporting Ukraine and calling for sustainable peace in the Middle East.” 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 has said the UK’s relationship with France is “as strong as it’s ever been” as he welcomed President Emmanuel Macron to Downing Street. The prime minister praised their “personal relationship” and said the state visit symbolised the closeness of both nations. He also reflected on their joint wreath-laying at Churchill’s statue, calling it a reminder of their enduring bond. 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 declines to rule out a wealth tax after Kemi Badenoch accuses him of “flirting” with the idea. The prime minister avoids a direct answer, instead defending Labour’s economic record and criticising past Tory policies. Badenoch warns such a tax would hit savings, pensions and homes, calling it a “tax on aspiration”. Report by Covellm. 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 confirms he stands by Labour’s manifesto pledge not to raise income tax, national insurance or VAT. Asked by Conservative leader Kemi Badenoch in Parliament if the promise still holds, Starmer simply replies: “Yes.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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