UK economy to grow faster than expected but short of Labour pledge, IMF says
Tuesday, 16 July 2024 The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year.
The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Pat McFadden plays down Rosie Duffield quitting the Labour Party saying, "I don't think in the end her resignation is a big surprise". The chancellor of the Duchy of Lancaster also dismisses criticisms from Ms Duffield about donations from Lord Alli, insisting "everything that's donated is properly declared". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Delegates at the Labour conference have voted for a motion to reverse the winter fuel payment cuts. The vote is non-binding but showed an overwhelming majority voted in favour of reversing the decision to axe the benefit for millions of pensioners. Sir Keir Starmer was not present at the final day of the conference as he is set to attend the UN Security Council and General Assembly in New York. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A protest was staged at the final day of the Labour conference against the cuts to the winter fuel allowance. Members of Unite chanted "save the winter fuel" at their stand in the conference hall. It comes as the government refuses to U-turn on the cuts amid increasing backlash.
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The health secretary has vowed to end "two-tier healthcare" in the NHS in a speech delivered at the Labour conference. Wes Streeting said the NHS has let people down in recent years. "We are the generation that will build a national care service worthy of it's name. That's the change Britain voted for," he said.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn