Reynolds: Rates unlikely to be cut despite fall in inflation
Video Credit: ODN - Duration: 00:49s - Published
Reynolds: Rates unlikely to be cut despite fall in inflation
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’.
Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’.
Report by Covellm.
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The Downing Street diary has an enormous red ring circled around Wednesday morning when the Office for National Statistics releases its monthly inflation data. Sky News
Government minister Mel Stride insists that “we are seeing a resilient labour market,” despite official figures revealing that Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market. The Office for National Statistics said the rate of UK unemployment rose to 4.3%. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt has said it is "encouraging" that ONS figures show the UK economy has grown by 0.6% between January and March. The chancellor argues that Labour is the party "gaslighting" the public by saying everything is "going wrong with the British economy" and that the latest statistics show Britain's longer term prospects are "significant". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chief Secretary to the Treasury Laura Trott says the drop in inflation is not an accident but the result of the government's 'hard work' and 'deflationary’ spring Budget.
New figures from the Office for National Statistics show the rate fell to 3.2% in the year to March. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the latest GDP figures that show that 2023’s recession was slightly weaker than originally thought are a “testament to the resilience of the economy”. Figures released by the Office for National Statistic revealed the economy shrunk for two quarters in a row, but the total contraction over that six-month period dropped from 0.5% to 0.4%. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A Panamanian-flagged oil tanker was struck by a missile off Yemen’s Red Sea coast, escalating tensions in the region. The attack, carried out by Iran-backed Houthi militants, caused significant damage but the crew managed to restore power and continue their course. This incident, reported by CENTCOM, is the latest in a series of attacks on ships in the Red Sea and Gulf of Aden. Learn more about the implications of this attack and the ongoing conflict in Yemen.
#Yemen #HouthiAttack #OilTanker #RedSea #MaritimeSecurity #GlobalShipping #CENTCOM #News #InternationalAffairs #RedSeaAttacks #Oneindia
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Houthi rebels claimed targeting a U.S. Navy destroyer and a commercial ship in the Red Sea, though the warship intercepted the missile days prior. The statement follows a slowdown in Houthi attacks on shipping, attributed by the U.S. military to airstrikes and interceptions. The attacks are purportedly aimed at pressuring Israel regarding the conflict in Gaza, resulting in disruptions to shipping activity.
#HouthiRebels #HouthiAttack #HouthiRebels #USNavy #Gazawar #IsraelGaza #IsraelHamas #Israelwarlive #Gazawarlive #Worldnews #Oneindia #Oneindia
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Yemen's Houthi rebels have claimed responsibility for two attacks on ships in the Gulf of Aden and another assault in the Indian Ocean. The group's military spokesperson, Yahya Saree, announced the attacks on the MSC Diego and MSC Gina in the Gulf of Aden, along with the previously unreported attack on the MSC Vittoria in the Indian Ocean. These incidents raise concerns about the potential use of underwater drones (UUVs) by the Houthis, posing a significant threat to shipping, particularly in the Red Sea. The Centre for International Maritime Security has highlighted the secretive nature of Houthi UUV capabilities, warning of the devastating impact on targeted vessels. Amidst these developments, the Houthis have issued warnings to Israel over the conflict in the Gaza Strip, asserting that their attacks on shipping aim to pressure Israel to end the war. They have vowed to continue these assaults until Israel ceases its military actions in Gaza.
#HouthiRebels #UnderseaDrones #RedSeaAttacks #IsraeliShips #GulfOfAden #YemenConflict #MaritimeSecurity #HouthiStrikes #ShippingThreat #MiddleEastTrouble
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In a bold statement aired on Al-Masirah TV, Allama Muhammad Muftah, head of the Houthi-run Supreme Committee for Supporting Al-Aqsa, delivered a stern message. He vowed that any Israeli aggression towards Rafah in Gaza would be met with swift and decisive action from Yemen. Muftah declared that the Houthis were prepared to escalate their attacks on shipping, signalling a dangerous escalation in the conflict. He emphasised that this response would not be limited to Yemen alone but would extend to any Israeli aggression across the region.
#HouthiRebels #RedSeaAssault #Israel #RafahInvasion #CatastrophicAssault #RedSeaAttacks #RafahOffensive #Yemen #MiddleEast #Conflict #WarWarning #MilitaryThreat #GlobalSecurity #InternationalTensions #ChaosAhead
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In a daring rescue operation, the Indian Navy saves a Panama-flagged ship, predominantly manned by 22 Indian crew members, from the clutches of Houthi rebels amidst escalating maritime tensions. Stay updated with the latest developments in this ongoing series of drone and missile strikes.
#IndianNavy #IndianNavyRescue #Houthis #HouthiRebels #outhiAttacks #PanamaFlaggedShip #RedSea #RedSeaCrisis #RedSeaAttacks #IsraelHamasWar #INSKochi #Yemen #Oneindia
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Peloton is swearing off Diddy's music for all future workouts -- this after the horrifying 2016 clip of the rapper beating his ex, Cassie, emerged. On its.. TMZ.com
It’s been described as the worst treatment disaster in the history of the NHS. Between 1970 and 1991, 30,000 people were infected with HIV or Hepatitis C after being treated with contaminated blood. Today the final report from the infected blood inquiry says the scandal was “no accident.” Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak describes the publication of the Blood Inquiry report as a 'day of shame' for the British state, adding the victims were failed in the 'most harrowing and devastating' ways. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chair of the Infected Blood Inquiry, Sir Brian Langstaff, said the Infected Blood scandal happened because those in authority refused to put patients first. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Campaigners of the Infected Blood scandal hail the Inquiry's report as a 'momentous day', following years of 'denial, delay and cover-up'. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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