Economy contracted by 0.1% in January, ONS figures say
Video Credit: ODN - Duration: 00:33s - Published
Economy contracted by 0.1% in January, ONS figures say
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.
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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 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
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Chancellor Rachel Reeves said the UK is “resolved” 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
Chancellor Rachel Reeves welcomed February’s strong GDP growth but said more must be done to ensure it’s “felt by families up and down the country”. She said Labour is “not complacent” and is pushing ahead with planning and regulatory reforms to “get Britain building” and drive further economic growth. 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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