The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing.
Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in.
Report by Faragt.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nigel Huddleston admitted the Conservative Party faces significant challenges after losing over 650 local council seats. He stressed the party's ongoing renewal process, aiming to return to core Conservative values. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Treasury Minister Richard Fuller admitted the Conservatives faced a âvery difficult nightâ after losing nearly 700 seats and all 16 councils they were defending. He said Reform UK had done well, partly due to public disillusionment with Labour, but warned the party would now need to prove itself beyond slogans. Fuller said the Tories must rebuild trust ahead of future elections. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey said the Liberal Democrats are on course to become the new party of Middle England, as the party eyes major gains in traditional Conservative heartlands amid local election losses for both Tories and Labour. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch, whose party currently holds around half the seats up for election on Thursday, acknowledges that the local elections present her with a challenge. Visiting a farm in Lincolnshire, the Conservative leader says, âit is a very, very competitive political environmentâ and claims Reform UK are profiting through Labour doing so âbadlyâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch calls for prosecution of the rap trio Kneecap after a member of the group allegedly called for the death of Tory MPs. Video emerged of the group at a November 2023 gig appearing to show one member saying: "The only good Tory is a dead Tory. Kill your local MP." The Conservative leader accuses Kneecap of being "anti-Britishâ and says, âthey should be prosecutedâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On the politics, this is a win for Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves. And a big one: just at the point he really needed it after.. Sky News
Chancellor Rachel Reeves insists she is âconfidentâ the UK can secure a trade deal with the United States but will âonly ever actâ in the national interest in agreeing to one. 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 has said she will be having "conversations with the US administration" next week as the UK looks to secure a trade deal with Washington. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves said the UK is âresolvedâ to secure the best possible trade deal with the US but is also seeking to boost ties with other countries. She stressed the importance of protecting British jobs and industry while continuing talks with American counterparts. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. 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 Mel Stride warns that the UK could face higher prices, job losses, and lower wages without a trade deal with the US. He said that businesses, investors, and stock markets are unhappy, urging the government to accelerate negotiations and secure a deal quickly to avoid economic difficulties. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Tories have criticised the government for not being âquickerâ with talks about tariffs imposed by the US. Shadow Chancellor Mel Stride said Labourâs comments about Trump whilst they were the opposition were âunhelpfulâ and could have âsouredâ relations with the Trump administration. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Mel Stride has accused the Government of making rushed welfare cuts, including to disability benefits, to save money. He said ministers "lacked ambition" in finding fair savings and warned of "hard cases" emerging from the plans. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the UK-US trade agreement is "not a historic deal". The Conservative Party leader adds it is simply a "small tariffs deal" that leaves the country in a "worse position than we were in March". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has defended ongoing criticism from the Conservatives in response to the landmark trade agreement between the UK and India. Sir Keir Starmer insisted the deal will "see tariffs slashed for car sales and that is good for British jobs" and the criticism surrounding the deal is "incoherent nonsense". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Conservatives have criticised the signing of the landmark UK-india trade deal. Shadow policing minister Matt Vickers said this is "a bad deal for Britain", calling the deal a "two-tier tax system". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the public still does not trust the Conservatives. Speaking after the partyâs poor performance in last weekâs elections, she also dismissed âtalk of leadership challengesâ and insisted her job is to change that.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch has said she is "confident" she will lead the Conservatives into the next election despite the party suffering its worst-ever performance at last.. Sky News
Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has held a phone call with the US president after agreeing a "historic" trade deal. Speaking from the White House, Donald Trump says there could not be a "more perfect morning to reach this historic agreement", given that the deal has been announced on the same day that Europe celebrated victory in World War II. Sir Keir Starmer replied by paying tribute to the historic, close partnership between the UK and US, adding that "the timing couldn't be more apt". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer has celebrated the new UK and US trade agreement, saying it will "boost trade between the two countries" and "create more jobs" in the UK. The prime minister travelled to Jaguar Land Rovers factory in the West Midlands to announce the landmark agreement.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bognor Regis Town Crier Jane Smith has made a historic proclamation to mark the 80th anniversary of VE Day, where Allies achieved victory in Europe. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey says the latest figures showing a dip in UK growth are "really disappointing". The Liberal Democrat leader adds that the figures are a result of the Labour government's budget, their jobs tax and their lack of a growth strategy. His comments come after the latest Office for National Statistics data showed growth contracted by 0.1% in January. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A health minister says long-term, systemic domestic problems and a volatile global state has affected UK growth, as the latest Office for National Statistics figures show the economy contracted by 0.1% in January. Karin Smyth adds growth "is difficult, it's going to take some time, but we are determined to get there". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Robert Jenrick says "confidence has collapsed within our economy", after the latest Office for National Statistics figures show it contracted by 0.1% in January. The shadow justice secretary says the figures are a result of Rachel Reeves' "disastrous" Autumn budget, and urges the chancellor to stop her "anti-growth measures" and "put the economy back on firm footing again". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says the government is "determined" to turn around a decade of poor growth performance, after the latest Office for National Statistics figures show the UK economy contracted by 0.1% in January. The announcement is a blow to the chancellor ahead of her Spring statement on March 26. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Conservatives have said that the "disappointing" rise in inflation is a cause of worry. Kevin Hollinrake, Shadow Levelling Up Secretary, said the 0.5% rise in inflation from December to January was..
![Huddleston: Tories in tough fight after losses [Video]](https://video.newsserve.net/300/v/20250504/1409862814-Huddleston-Tories-in-tough-fight-after-losses.jpg)
![Tories 'still have work to do', says Fuller after losses [Video]](https://video.newsserve.net/300/v/20250503/1409777506-Tories-still-have-work-to-do-says.jpg)
![Lib Dems target Tory heartlands amid Reform surge [Video]](https://video.newsserve.net/300/v/20250502/1409697854-Lib-Dems-target-Tory-heartlands-amid-Reform-surge.jpg)
![Tories acknowledge âvery competitiveâ local elections [Video]](https://video.newsserve.net/300/v/20250428/1409320042-Tories-acknowledge-very-competitive-local-elections.jpg)
![Badenoch calls for Kneecap prosecution [Video]](https://video.newsserve.net/300/v/20250428/1409318246-Badenoch-calls-for-Kneecap-prosecution.jpg)
![Chancellor welcomes interest rate cut [Video]](https://video.newsserve.net/300/v/20250508/1410218508-Chancellor-welcomes-interest-rate-cut.jpg)
![Chancellor âconfidentâ of trade deal with the US [Video]](https://video.newsserve.net/300/v/20250423/1408897144-Chancellor-confident-of-trade-deal-with-the-US.jpg)
![Reeves: We are in active negotiations with the US [Video]](https://video.newsserve.net/300/v/20250417/1408354502-Reeves-We-are-in-active-negotiations-with-the.jpg)
![Reeves: UK focused on US deal while expanding global trade [Video]](https://video.newsserve.net/300/v/20250411/1407781122-Reeves-UK-focused-on-US-deal-while-expanding.jpg)
![Bank of England cuts interest rates to 4.25% [Video]](https://video.newsserve.net/300/v/20250508/1410199570-Bank-of-England-cuts-interest-rates-to.jpg)
![Tories: UK faces tough future without trade deal [Video]](https://video.newsserve.net/300/v/20250404/1407090676-Tories-UK-faces-tough-future-without-trade-deal.jpg)
![Tories: Govt shouldâve been quicker with tariff talks [Video]](https://video.newsserve.net/300/v/20250327/1406355694-Tories-Govt-should-ve-been-quicker-with-tariff.jpg)
![Stride: Labour welfare cuts 'rushed' and 'lack ambition' [Video]](https://video.newsserve.net/300/v/20250319/1405529952-Stride-Labour-welfare-cuts-rushed-and-lack-ambition.jpg)
![Badenoch: UK-US trade deal leaves UK in worse position [Video]](https://video.newsserve.net/300/v/20250508/1410234486-Badenoch-UK-US-trade-deal-leaves-UK-in.jpg)
![PM reacts to criticism against UK-India trade deal [Video]](https://video.newsserve.net/300/v/20250507/1410110244-PM-reacts-to-criticism-against-UK-India-trade.jpg)
![Conservatives criticise landmark UK-India trade deal [Video]](https://video.newsserve.net/300/v/20250507/1410101002-Conservatives-criticise-landmark-UK-India-trade-deal.jpg)
![Kemi Badenoch admits public 'don't trust' Conservatives [Video]](https://video.newsserve.net/300/v/20250506/1410020634-Kemi-Badenoch-admits-public-don-trust-Conservatives.jpg)
![BoE Governor 'very pleased' about UK-US trade deal [Video]](https://video.newsserve.net/300/v/20250508/1410228162-BoE-Governor-very-pleased-about-UK-US-trade.jpg)
![Starmer and Trump hail trade deal during phone call [Video]](https://video.newsserve.net/300/v/20250508/1410223048-Starmer-and-Trump-hail-trade-deal-during-phone.jpg)
![Starmer welcomes US-UK Trade Agreement [Video]](https://video.newsserve.net/300/v/20250508/1410223024-Starmer-welcomes-US-UK-Trade-Agreement.jpg)
![Bognor Regis Town Crier makes historic VE Day proclamation [Video]](https://video.newsserve.net/300/v/20250508/1410219204-Bognor-Regis-Town-Crier-makes-historic-VE-Day.jpg)
![Davey: Dip in UK growth is really disappointing [Video]](https://video.newsserve.net/300/v/20250314/1405047518-Davey-Dip-in-UK-growth-is-really-disappointing.jpg)
![Minister: Economic growth is difficult and will take time [Video]](https://video.newsserve.net/300/v/20250314/1405038146-Minister-Economic-growth-is-difficult-and-will-take.jpg)
![Jenrick: Confidence has collapsed in our economy [Video]](https://video.newsserve.net/300/v/20250314/1405031880-Jenrick-Confidence-has-collapsed-in-our-economy.jpg)
![Economy contracted by 0.1% in January, ONS figures say [Video]](https://video.newsserve.net/300/v/20250314/1405028584-Economy-contracted-by-in-January-ONS.jpg)
![Tories: We should be worried about 'disappointing' inflation [Video]](https://video.newsserve.net/300/v/20250219/1402678962-Tories-We-should-be-worried-about-disappointing-inflation.jpg)
