Rachel Reeves avoids Liz Truss moment as markets stabilise
Friday, 1 November 2024 UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget.
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
Chief Secretary to the Treasury Darren Jones says the Labour government has brought stability back to the economy since high inflation under Liz Truss, and that businesses and working people will be pleased with inflation nearing the 2 per cent target.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Friday, 1 November 2024
UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget.
![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)
![Treasury minister on inflation data [Video]](https://video.newsserve.net/300/v/20241223/1396887338-Treasury-minister-on-inflation-data.jpg)
