Conservatives react to ‘pretty shocking’ inflation figures
Video Credit: ODN - Duration: 00:58s - Published
Conservatives react to ‘pretty shocking’ inflation figures
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.
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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.
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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
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. 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
The Government has pledged £5 million for a renovation project in memory of the three young girls murdered in Southport. Sir Keir Starmer and Angela Rayner met the parents of Elsie Dot Stancombe, Alice da Silva Aguiar and Bebe King in Downing Street on Tuesday. The Town Hall gardens in Southport will be renovated in their memory, a project the families have said is “rooted in love, resilience and unity”. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer says a stabilised economy has allowed the government to reinstate most winter fuel payments. Nine million pensioners in England and Wales will now receive support this winter after a £1.25bn U-turn. The Prime Minister denied the move was a response to backlash, insisting it followed a reassessment of the country’s financial position. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Emperor penguins, the largest of their kind, are facing a growing threat as shrinking sea ice puts their future at risk. The birds rely on stable ice for up to eight months to raise their chicks, but as the Southern Ocean warms, that vital platform is melting too quickly. Scientists are alarmed by satellite data, which shows a sharp decline in colony numbers, with some areas disappearing twice as fast as predicted just seven years ago. Storms, changing weather and predators like orca whales are also contributing to their decline. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Marks & Spencer has partially restored online shopping after a ransomware attack in April. A limited range of fashion items are now available for delivery in parts of the UK. Cyber expert Graham Cluely says rebuilding systems takes time and security checks are crucial to ensure hackers are gone. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
King Charles received a huge applause as he arrived at Lancaster Castle on Monday. His Majesty met with local business representatives and attended a reception with a wide range of community organisations during the visit.
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