Govt must do 'so much more' for economy, says Labour
Video Credit: ODN - Duration: 01:22s - Published
Govt must do 'so much more' for economy, says Labour
The shadow chancellor says the government "need to be doing so much more to fulfil the potential of the UK economy" after the IMF predicted it will shrink next year.
Rachel Reeves adds that the "patchwork Brexit deal" is a contributing factor and is "holding us back as a country".
Report by Wardl.
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The shadow business secretary has called on Chancellor Rachel Reeves to "change course quickly", after new ONS figures show inflation increased to 2.6% in November. Andrew Griffith adds all the major economic metrics, such as inflation and growth, "are going in the wrong direction", and fears what four years of a Labour government will do to the UK economy. 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 she can understand why women affected by changes to the state pension age will feel "disappointed", but adds that paying an "expensive compensation bill" was not the best use of taxpayers' money. Campaigners say the government's decision not to compensate women affected by changes to the state pension age, and their communication of these changes, are "bizarre and totally unjustified". But the chancellor says the ombudsman has reported that around 90 percent of women knew the changes were coming. 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 the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of living crisis continues to bite" but that the government is "taking action" to address its challenges. ONS figures show inflation has risen to 2.6% in November, from 2.3% the previous month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sriram Krishnan, a prominent figure in the tech world with a stellar career at Microsoft, Twitter, Facebook, and more, has been appointed as the Senior Policy Advisor for Artificial Intelligence at the White House. His role will focus on shaping AI policies and ensuring that the United States remains at the forefront of technological innovation. Learn about his journey, his vision for AI, and what this means for America’s tech future.
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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.
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