First cabinet meet: Govt to assist construction of 3 crore more houses under Pradhan Mantri Awas Yojana

Govt 'committed' to raising defence spending to 2.5% of GDP

Rachel Reeves says she is "absolutely committed" to spending 2.5% of GDP on defence and will "set out a pathway" to do so "in the proper way". The chancellor adds, "a strong economy depends on strong defences". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Chancellor: Govt is ready to support creative industries

The chancellor says the government is ready to support creative industries, after announcing film studios in England are to receive business rates relief for the next nine years. On a visit to the Warner Bros Studio in Leavesden, Rachel Reeves adds "that's something that this government wants to get behind to back growth and back British workers". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt calls for 'cool, calm minds' to face Trump's tariffs

The technology secretary has called for "cool, calm minds" in tackling the global challenges faced due to Donald Trump's tariffs placed on US trading partners. Peter Kyle adds the government has had to get the foundations of the economy right, which he says was achieved through the Budget, increased investment and artificial intelligence. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt backs Heathrow expansion to boost economic growth

The Government will back a third runway at Heathrow Airport as it looks to go “further and faster” on growth, the chancellor has announced. In a speech in Oxfordshire on growth, Rachel Reeves said the west London airport’s expansion is “badly needed” because “for decades its growth has been constrained”. Reeves stated that a third runway could increase potential GDP by 0.43% by 2050 and create more than 100,000 jobs. Heathrow’s plan to build a third runway received parliamentary approval in June 2018, but has been delayed by legal challenges and the coronavirus pandemic. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn