Labour: Empower OBR to avoid repeat of Truss mini-budget
Video Credit: ODN - Duration: 00:48s - Published
Labour: Empower OBR to avoid repeat of Truss mini-budget
Labour has proposed new plans to ensure ministers are legally bound to consult the Office for Budget Responsibility on major tax and spending changes, to prevent a recurrence of Liz Truss and Kwasi Kwartengās ill-fated mini-budget.
Shadow Financial Secretary to the Treasury James Murray said: āNever again should a prime minister and a chancellor be able to play fast and loose with the public finances, causing such damage to the economy and to household budgets.ā Report by Buseld.
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Ministers depart Downing Street following a Cabinet meeting, passing Larry, the Chief Mouser, in the doorway. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Gareth Southgate has resigned as manager of the England menās national football team after almost eight years at the helm. It comes just two days after Englandās defeat to Spain in the final of Euro 2024. Despite that disappointment, Southgate has taken the Three Lions to two European Championship finals and a World Cup semi-final during his time in charge. Prince William, President of the Football Association (FA), tweeted his thanks to Southgate for his leadership. The FA says the process to appoint Southgateās successor has begun, and they aim to have a new manager confirmed as soon as possible. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bowie praised Conservatives' record on defence, calling UK's military one of ''the most advanced and well-equiped'' in the world. The shadow veterans' minister also urged Labour to commit to spending 2.5% of GDP on defence. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer chairs a Cabinet meeting in Downing Street. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
When asked about the upcoming election in the United States, James Murray emphasised the importance of working on relationship between the UK and US which is ''more important than any individual person''. Report by Gluszczykm. 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 has set out his plans to ensure the Office for Budget Responsibility assesses every major fiscal statement by the government, to avoid future market fallouts like the one..
One year on from Liz Truss' mini-budget Labour MP Pat McFadden said that "people are still paying the price", quoting Labour's figures that indicate that Ā£300 billion has been wiped off the value of..
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