'Laughable' for Reeves to claim she didn't know true state of the public finances

Chancellor defends decision to cut winter fuel allowance

Chancellor Rachel Reeves has defended the government's decision to cut the winter fuel allowance. Roughly 10 million pensioners are set to lose out on the £250 payment as the government restricts the benefit to only those receiving pension credit. "We had to take difficult decisions in very challenging circumstances because the previous government was overspending by £22bn just this year alone so we had to take action to get a grip on the public finances," Ms Reeves said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories claim chancellor will be ‘fuming’ at GDP figures

Former Conservative cabinet minister Laura Trott welcomes the latest economic figures that show GDP was at 0.6% from April to June but claims Rachel Reeves will be “fuming”. The shadow chief secretary to the treasury insists “this is yet more data to undermine (the chancellor’s) narrative that her economic inheritance is bad”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Chancellor welcomes interest rates cut

The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that millions of people are still paying higher mortgage rates after the Conservatives mini-budget. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Rachel Reeves reacts to Southport stabbings

Chancellor Rachel Reeves has reacted to the Southport stabbings which left two children dead and nine others injured. "My thoughts and prayers are with all of those affected. I also want to pay tribute to the emergency services and the police for their rapid response to that terrible incident," she said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn