UK Economy contracts for second month amid Tory criticism
Video Credit: ODN - Duration: 00:58s - Published
UK Economy contracts for second month amid Tory criticism
The UK economy shrank for a second consecutive month in October, marking the first back-to-back decline since the pandemic.
Shadow Chancellor Mel Stride criticised the government, claiming it inherited a fast-growing economy but is now "talking down" the UK, causing higher taxes, inflation, and unemployment.
Stride warned businesses are "sounding the alarm" due to the government's "doom and gloom" economic narrative.
Report by Covellm.
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Shadow Chancellor Sir Mel Stride describes Wednesdayâs inflation figures of 3.4% as âpretty disappointingâ saying it is âof this governmentâs makingâ 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 Reevesâ plans a âspend-now, tax-later reviewâ, warning sheâll return in autumn with âyet more taxesâ. He said the review is ânot worth the paper itâs written onâ and accused Reeves of losing control, predicting a âcruel summer of speculationâ 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
Mel Stride has said the Conservative Party has changed in a speech delivered on Thursday. The shadow chancellor admitted the 2022 mini-budget "was a mistake". "The Conservative Party is needed now more than ever but to win the fight, we will need thoughtfulness," Mr Stride added.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride admitted the mini-budget was "a mistake". The shadow chancellor made the remarks ahead of a speech he is set to deliver on Thursday. Mr Stride also warned the Labour Party is "not fiscally credible" and is "making a lot of mistakes". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Tennis fans arrive in southwest London for the what is expected to be the hottest ever opening day of the Wimbledon Tennis Championships. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ben Askren has undergone double lung transplant surgery ... and following the procedure, his wife shared she's now full of optimism about his future. Amy Askren.. TMZ.com
A shadow Tory minister has accused Bob Vylan's performance at Glastonbury of being "incitement to violence" as he condemned the BBC for broadcasting the controversial performance. Danny Kruger also called on the police to look at "where the charges should be brought". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Education minister Baroness Smith says the BBC has âquestions to answerâ over why it allowed a Glastonbury set by Bob Vylan containing discriminatory language to be broadcast. The BBC is facing questions after rapper Bob Vylan - of the rap punk duo - led crowds at the festival's West Holts Stage in chants of: "Free, free Palestine" and: "Death, death to the IDF (Israel Defence Forces)" on Saturday. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow minister for work and pensions Danny Kruger has criticised the government's proposed Welfare Reform Bill. Mr Kruger said the reforms "won't save much money" and "won't help people into work". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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