Stride: UK ‘far from out of the woods’ despite growth
Video Credit: ODN - Duration: 01:16s - Published
Stride: UK ‘far from out of the woods’ despite growth
Shadow Chancellor Sir Mel Stride welcomed the UK’s 0.7% growth but warned it’s "no time to pop champagne corks." He pointed to signs of a slowdown in March and rising pressures on businesses from tax and regulatory changes.
Stride said wider forecasts still predict weaker growth ahead, warning the economy faces "stress and strain" despite this short-term boost.
Report by Covellm.
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Shadow Chancellor Sir Mel Stride describes Wednesday’s inflation figures of 3.4% as “pretty disappointing” saying it is “of this government’s making” 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 Reeves’ plans a “spend-now, tax-later review”, warning she’ll return in autumn with “yet more taxes”. He said the review is “not worth the paper it’s written on” and accused Reeves of losing control, predicting a “cruel summer of speculation” 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.
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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
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Beachgoers in Brighton enjoy the hot, sunny weather as temperatures surpassed 30C in England on Monday. Heathrow Airport recorded the highest temperature of the day so far with a high of 33C. Report by Jonesia. 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
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