The Casablanca chancellor has boxed herself in on filling the black hole in public finances
Friday, 26 July 2024 Rachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the public finances.
Chancellor Rachel Reeves claims “black hole” in public finances is “unsustainable”. She said, “left unchecked it would be financial stability at risk”.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves confirmed the UK is currently in “intense negotiations” with the US over tariffs “across the board”. The Chancellor said she “does not want to see tariffs go up”, highlighting her support for “free and open trade”. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has visited Wellington Barracks in central London after announcing in her Spring Statement that defence spending will increase by 2.5% in GDP. The chancellor and the defence secretary John Healey were shown the first AI-powered strike drone, as they learnt about the work of people on the strategic command's innovation unit. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chancellor says house building commitments in her Spring Statement will benefit young people and that she is "not in favour of national service". Speaking to ITV News, Rachel Reeves adds watching a Sabrina Carpenter concert in a box was "the right thing to do" given her security needs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for next year and every year after that". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Trump, with Kid Rock by his side, signed an executive order targeting unfair ticket scalping practices in the live entertainment industry. The order directs the FTC, Treasury, and DOJ to enforce stricter competition laws, ensure price transparency, and combat deceptive conduct. A detailed report on the actions taken will be submitted in 180 days. The move aims to protect consumers from exploitative pricing and restore fairness in concert ticket sales.
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The Green Party has said the government's expected cuts to welfare are "not fair" and that Chancellor Rachel Reeves could avoid making the cuts by choosing to "tax wealth fairly". Co-leaders Carla Denyer and Adrian Ramsay joined MPs holding placards outside the Treasury, at a 'Rebalance the Economy' photo-op. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Donald Trump defended Elon Musk amid Democratic backlash over his access to Treasury payment systems. During a press conference with Japan’s PM Ishiba, Trump dismissed concerns, calling Musk "not shy" and praising his efforts in uncovering government fraud. Treasury Secretary Scott Bessent backed Musk, calling him the "greatest entrepreneur." Meanwhile, Democrats accuse Musk of having undue influence after reports surfaced that DOGE found payments linked to fraudulent groups. The controversy intensifies as Musk’s role in Trump’s administration grows.
#Trump #ElonMusk #DOGE #Treasury #Fraud #Corruption #GOP #Democrats #Biden #GovernmentSpending #USAID #BreakingNews #Politics #TreasuryDepartment #MuskInvestigation #TrumpMusk #GovernmentEfficiency #Washington #Finance #Scandal
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Shadow Transport Secretary Helen Whatley insists the Labour Party took on a “strong” economic legacy as the Chancellor Rachel Reeves reveals a £20bn black hole in public finances. Report by..