Economic turning point could change course of Sunak's premiership

Tories: We're not to blame for rise in inflation

The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing. Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

'Bumpy ride' due to 'disastrous' previous government

Policing Minister Dame Diana Johnson has admitted that the next few months could be a "bumpy ride" following new data from the Office for National Statistics estimate that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Shadow chancellor criticises new growth figures

Shadow chancellor Mel Stride has criticised the new growth figures released by the ONS. Mr Stride accused the government of "talking down the economy" and referenced the "disastrous budget" set out by Rachel Reeves. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

UK economy unexpectedly grows by 0.1%

The UK economy grew in the final quarter of last year after better-than-expected expansion in December, according to official figures. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.1% higher between October and December. Rachel Reeves said she is "still not satisfied with the level of growth our economy is achieving" as she pledged to go "further and faster" to boost growth. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Flop in retail sales in December down to 'savvy' customers

UK retail sales unexpectedly declined last month in a blow to the sector during the all-important festive shopping season, new official figures show. The volume of retail sales – which measures the quantity bought – fell by 0.3% in December, the Office for National Statistics said. Retail analyst Kate Hardcastle said that the flop in sales was down to "savvy" customers who "cut corners" to save money. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn