Chancellor: GDP figures are testament to economy resilience
Video Credit: ODN - Duration: 01:11s - Published
Chancellor: GDP figures are testament to economy resilience
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.
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The International Monetary Fund (IMF) has said the UK economy is heading for a "soft landing" but reiterated its message to Jeremy Hunt that he should not have.. Sky News
Shadow science secretary Peter Kyle has insisted every one of Labour's policies will be “fully costed and fully funded” after Chancellor Jeremy Hunt accused Labour of resorting to "playground politics".
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Chancellor of the Exchequer Jeremy Hunt accused Labour of using “playground politics” to distract debate from the "biggest divide in British politics” as he gave a speech about tax cuts in central London on Friday.
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Jeremy Hunt will promise further tax cuts if the Tories win the next general election and will accuse the Labour Party of not being honest about how it will fund.. Sky News
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
Prince William hosted a garden party at Buckingham Palace on behalf of his father King Charles. The party also included his cousins Princess Beatrice, Princess Eugenie, Zara Tindall - accompanied by her husband, Mike - and Peter Philips. The Prince met representatives from a number of his and his wife’s patronages and military affiliations.
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The neighbour of a woman who was mauled to death by XL Bully dogs, says she never saw muzzled dogs anywhere on the estate. Aimee Marston said "We've never ever seen an XL Bully. If they were registered, we would have seen muzzled dogs but I've got two ex-racing greyhounds and we walk them all the time and we never ever see muzzled dogs on the estate." It is believed to be the first fatal attack by the breed since new registration laws came into force in February. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The first victims of the infected blood scandal will receive their final compensation payment before the end of the year, minister John Glen has said. In a statement delivered to the House of Commons, Mr Glen said the payments would be exempt from income, capital gains, and inheritance tax.
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Prime Minister Rishi Sunak insists there must be 'justice and accountability' where there is evidence of wrongdoing following the publication of the Infected Blood report. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak, prime minister, politics, government, Austria, Europe, foreign politics
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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