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
Rachel Reeves has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that to grow the UK economy "we need to help great British business export around the world" and that not engaging with China "is simply not an option". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has been accused of refusing to "face up to her own failures" by "jetting off to Beijing" during a week of market turmoil. Sky News
The shadow financial secretary to the Treasury has called on Chancellor Rachel Reeves to "urgently get a grip" on the economy amid the current financial market turmoil. Gareth Davies adds high interest rates and mortgate payments "will be hurting people across the country. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour leader Sir Keir Starmer sets out plans for Artificial Intelligence within public services, calling it a “force for change that will transform the lives of working people for the better.”
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Half the public think Elon Musk is having a negative impact on British politics following his rants on X about Labour and Sir Keir Starmer, according to a new.. Sky News
A Sikh group has been left "disappointed" after Labour failed to open an inquiry into potential links between the UK and deaths of hundreds of Sikhs at the.. Sky News
England's men's players have the "power" to make their own stand and refuse to play Afghanistan in the Champions Trophy, says Labour MP Tonia Antoniazzi. BBC Sport
Wednesday, 31 July 2024
Tax rises will likely be announced in the autumn budget, chancellor Rachel Reeves has admitted.
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