Govt minister: We have to accept the trade-offs of growth
Video Credit: ODN - Duration: 02:18s - Published
Govt minister: We have to accept the trade-offs of growth
Jonathan Reynolds says there is no contradiction between Labour's new plans for growth and the government's green commitments, citing investments in renewable energy and clean technology as "massive opportunities".
The business secretary did, however, admit that there are ātrade-offsā involved in growth and that the government will have to accept this as part of the process.
This comes ahead of Chancellor Rachel Reeves' major speech on growth, in which she is expected to speak about plans of improving water infrastructure, expanding Heathrow, and unlocking big investments for the country.
Report by Faragt.
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The business secretary has unveiled plans to crack down on late payments to ease the burden on small businesses. Jonathan Reynolds said the small business commissioner is to be given powers to fine large companies which continue to pay their suppliers late. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds and his Indian counterpart Piyush Goyal formally signed the UK-India trade agreement in the great hall of Chequers. The deal is set to be worth Ā£6 billion in investment for the British economy and increase efforts to tackle illegal migration and organised crime. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as āencouraging numbersā. 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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Chancellor Rachel Reeves shares positive news from the labour market data released today, noting 384,000 more jobs since she took office despite a slight unemployment increase. She acknowledges more work is needed to get everyone who can work back into employment.
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Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Heathrow has submitted its latest plans for a third runway at Europeās busiest airport. The total cost, including new terminals and infrastructure, will be Ā£49 billion pounds. The airport says expansion will create up to 40,000 new jobs and add 0.43% to the UKās GDP by 2050. However, the plans will face fierce opposition from locals, politicians and climate campaigners. Report by Jonesia. 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 Home Office will appeal the High Court's refusal to allow it to intervene in the case of a hotel used to house asylum seekers in Epping, but says it remains committed to ultimately closing the hotel. Home Office Minister Dan Jarvis said they are "clearing up the mess of the previous government" but it needs to be done in an "ordered and managed fashion". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Famine has been confirmed in Gaza City for the first time by the UN-backed body responsible for monitoring world hunger. Speaking from the Gaza strip, Unicef spokesperson Tess Ingram said: "It's a shame on the international community that we haven't been able to prevent this. There's just not enough aid getting into the territory." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
One of the UK's biggest steelworks has been taken over by the government after it collapsed into administration, putting thousands of jobs at risk. Reacting to the news, Conservative MP Katie Lam said it is "impossible to have an industrial base" in the UK "when energy prices are this high." 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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