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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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
Shadow Chancellor Sir Mel Stride describes April’s rise in inflation to 3.5% as “pretty shocking” and says they are “down to government choices”, citing public sector pay rises and increases in employers' National Insurance. Report by Blairm. 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
Reform UK’s Deputy Leader Richard Tice said it was a “remarkable” result for his party after they came third behind SNP and Scottish Labour who won the Hamilton, Larkhall and Stonehouse by-elections in a shock result. Tice also said he was “sad” to see party chair, Zia Yusuf, leave.
Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Scottish Labour Leader Anas Sarwar has hailed his party’s shock victory in the Hamilton, Larkhall and Stonehouse by-elections, saying the results sent a “clear message” from the Scottish people, who he says are “sick of the SNP” and “reject the poison of Farage”. Scottish Labour stunned the SNP to win the Hamilton, Larkhall and Stonehouse by-election by just 602 votes, whilst Reform UK beat the Conservatives into third place, just 800 votes shy of the SNP in second. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has hailed Scottish Labour’s victory in the by-election in Hamilton, Larkhall and Stonehouse whilst piling criticism on Reform Leader Nigel Farage following the resignation of party chair, Zia Yusuf. The environment secretary said Farage could not run a party “with enough MPs to fit in a phonebox”. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has announced new regulations that mean six water companies will be banned from paying bonuses to senior bosses. Environment Secretary Steve Reed also spoke about criminal investigations into water companies and private investment into sewage treatment.
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The Conservatives are pushing for the UK to leave the ECHR, claiming it is limiting the government’s abilities to control borders. Shadow Home Secretary Chris Philp says the government should be able to do “what the public want”.
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