Chancellor pledges to 'fix' economy - as expert says 'black hole' matches Tory tax cuts
Friday, 26 July 2024 Chancellor Rachel Reeves has promised to "fix" the "mess" the Conservative government left in the economy, amid reports of a £20bn "black hole" in 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”.
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Chancellor Rachel Reeves will travel to the World Economic Forum (WEF) in Davos this week to court potential investors in UK growth projects, joining hundreds of.. Sky News
Rachel Reeves says news that the economy grew by 0.1% in November is "welcome, albeit modestly". The chancellor adds the latest Office for National Statistics figures show "we need to go further and faster in delivering growth to make people in Britain better off". 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 says news of a ceasefire agreement between Israel and Hamas is "welcome news". The chancellor adds that she now wants to see "all hostages released, a surge in aid into Gaza and work undertaken to achieve a two-state solution". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chief secretary to the Treasury has hailed an unexpected dip in inflation, but admits that the cost of living "is still a pressure for families across the country and there's more work to do". Darren Jones adds the latest Office for National Statistics figures, "shows that the prime minister's plan for change is working". Inflation has fallen to 2.5% in December from 2.6% in November, which will come as a relief to Chancellor Rachel Reeves, who has faced criticism given rising government borrowing costs and a slump in the value of the pound. The latest figures could open the door for an interest rate cut next month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A fall in December's CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to.. Sky News
Conservative shadow minister Richard Holden says it is “fantastic news” to see British-Israeli national Emily Damari released from captivity in Gaza, but adds that there is “a lot of anxiety there” for the families of the remaining hostages. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch has denied the Conservatives would consider means testing the pensions triple lock, as she accused her opponents of trying to "scare people". Sky News
Friday, 26 July 2024
Chancellor Rachel Reeves has promised to "fix" the "mess" the Conservative government left in the economy, amid reports of a £20bn "black hole" in the public finances.
![Rachel Reeves welcomes 'modest' economic growth [Video]](https://video.newsserve.net/300/v/20250116/1398926058-Rachel-Reeves-welcomes-modest-economic-growth.jpg)
![Reeves: Israel-Hamas ceasefire deal is welcome news [Video]](https://video.newsserve.net/300/v/20250116/1398925956-Reeves-Israel-Hamas-ceasefire-deal-is-welcome-news.jpg)
![Govt hails unexpected dip in inflation rate [Video]](https://video.newsserve.net/300/v/20250115/1398836702-Govt-hails-unexpected-dip-in-inflation-rate.jpg)
![Conservatives ‘anxious’ over remaining Israeli hostages [Video]](https://video.newsserve.net/300/v/20250120/1399336690-Conservatives-anxious-over-remaining-Israeli-hostages.jpg)
