Reeves 'disappointed' by UK economy unexpectedly shrinking
Video Credit: ODN - Duration: 00:47s - Published
Reeves 'disappointed' by UK economy unexpectedly shrinking
The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show.
Chancellor Rachel Reeves said she was âdisappointedâ by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget.
Rachel Reeves admits Aprilâs inflation rise to 3.5% is âclearly disappointingâ but acknowledges the figures are partly down to government policies to âstabiliseâ the economy. The chancellor says, âI do recognise that all policies have consequences, but if I hadn't have acted to stabilise the public finances, we would be in a worse position today." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Despite reported pressure from within the Labour Party, Chancellor Rachel Reeves insists the cut in winter fuel allowance for most pensioners âstandsâ, to âstabilise the public financesâ. 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 defends Britainâs new agreement with the European Union. Addressing MPs in the House of Commons, the chancellor said the governmentâs new deal will help make food cheaper, slash red tape, open up access the EU market and add nearly ÂŁ9bn to the UK economy by 2040. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves says a new post-Brexit deal with the EU marks a "really big day", praising it as a move to boost jobs, cut prices, and strengthen defence ties. The agreement, finalised ahead of a major EU summit, has reportedly been approved by the blocâs ambassadors and follows intense last-minute talks. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK's food security and the future of farming lies in Rachel Reeves' hands, a leading MP has said as a committee called on the government to delay farm.. Sky News
At Prime Minister's Questions, Conservative leader Kemi Badenoch says: "Inflation was 2% when Conservatives left office, 2%, it's now nearly double that. When will he recognise that itâs Labour's budget driving up inflation?" Sir Keir Starmer says, âwe are taking measures to bring prices downâ, citing the governmentâs trade deal with the EU. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer tells MPs at Prime Ministerâs Questions that the government is going to increase the number of pensioners who qualify for winter fuel payments following last yearâs cut in the numbers who are eligible. 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 Pensions Secretary Liz Kendall says the government is âgrasping the nettle of reformâ, to ensure the âWelfare State lasts for generations to comeâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer departs 10 Downing Street and arrives at the Houses of Parliament ahead of his weekly appearance at Prime Ministerâs Questions.
Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Responding to reports of Labour back bench criticism over policy, cabinet minister Steve Reed insists the government is âabsolutely focussed on supporting those people who are struggling the most with the cost-of-living crisisâ. The environment secretary lists increases to pensions and the National Minimum Wage plus increased investment in the NHS as a âLabour thing to doâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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