Reynolds: Rates unlikely to be cut despite fall in inflation
Video Credit: ODN - Duration: 00:49s - Published
Reynolds: Rates unlikely to be cut despite fall in inflation
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’.
Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’.
Report by Covellm.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Government minister Mel Stride insists that “we are seeing a resilient labour market,” despite official figures revealing that Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market. The Office for National Statistics said the rate of UK unemployment rose to 4.3%. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jeremy Hunt has said it is "encouraging" that ONS figures show the UK economy has grown by 0.6% between January and March. The chancellor argues that Labour is the party "gaslighting" the public by saying everything is "going wrong with the British economy" and that the latest statistics show Britain's longer term prospects are "significant". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chief Secretary to the Treasury Laura Trott says the drop in inflation is not an accident but the result of the government's 'hard work' and 'deflationary’ spring Budget.
New figures from the Office for National Statistics show the rate fell to 3.2% in the year to March. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the latest GDP figures that show that 2023’s recession was slightly weaker than originally thought are a “testament to the resilience of the economy”. Figures released by the Office for National Statistic revealed the economy shrunk for two quarters in a row, but the total contraction over that six-month period dropped from 0.5% to 0.4%. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Houthi rebels claimed targeting a U.S. Navy destroyer and a commercial ship in the Red Sea, though the warship intercepted the missile days prior. The statement follows a slowdown in Houthi attacks on shipping, attributed by the U.S. military to airstrikes and interceptions. The attacks are purportedly aimed at pressuring Israel regarding the conflict in Gaza, resulting in disruptions to shipping activity.
#HouthiRebels #HouthiAttack #HouthiRebels #USNavy #Gazawar #IsraelGaza #IsraelHamas #Israelwarlive #Gazawarlive #Worldnews #Oneindia #Oneindia
~HT.178~PR.152~ED.155~GR.121~
Yemen's Houthi rebels have claimed responsibility for two attacks on ships in the Gulf of Aden and another assault in the Indian Ocean. The group's military spokesperson, Yahya Saree, announced the attacks on the MSC Diego and MSC Gina in the Gulf of Aden, along with the previously unreported attack on the MSC Vittoria in the Indian Ocean. These incidents raise concerns about the potential use of underwater drones (UUVs) by the Houthis, posing a significant threat to shipping, particularly in the Red Sea. The Centre for International Maritime Security has highlighted the secretive nature of Houthi UUV capabilities, warning of the devastating impact on targeted vessels. Amidst these developments, the Houthis have issued warnings to Israel over the conflict in the Gaza Strip, asserting that their attacks on shipping aim to pressure Israel to end the war. They have vowed to continue these assaults until Israel ceases its military actions in Gaza.
#HouthiRebels #UnderseaDrones #RedSeaAttacks #IsraeliShips #GulfOfAden #YemenConflict #MaritimeSecurity #HouthiStrikes #ShippingThreat #MiddleEastTrouble
~PR.152~ED.102~HT.95~
In a bold statement aired on Al-Masirah TV, Allama Muhammad Muftah, head of the Houthi-run Supreme Committee for Supporting Al-Aqsa, delivered a stern message. He vowed that any Israeli aggression towards Rafah in Gaza would be met with swift and decisive action from Yemen. Muftah declared that the Houthis were prepared to escalate their attacks on shipping, signalling a dangerous escalation in the conflict. He emphasised that this response would not be limited to Yemen alone but would extend to any Israeli aggression across the region.
#HouthiRebels #RedSeaAssault #Israel #RafahInvasion #CatastrophicAssault #RedSeaAttacks #RafahOffensive #Yemen #MiddleEast #Conflict #WarWarning #MilitaryThreat #GlobalSecurity #InternationalTensions #ChaosAhead
~HT.97~PR.152~ED.194~
In a daring rescue operation, the Indian Navy saves a Panama-flagged ship, predominantly manned by 22 Indian crew members, from the clutches of Houthi rebels amidst escalating maritime tensions. Stay updated with the latest developments in this ongoing series of drone and missile strikes.
#IndianNavy #IndianNavyRescue #Houthis #HouthiRebels #outhiAttacks #PanamaFlaggedShip #RedSea #RedSeaCrisis #RedSeaAttacks #IsraelHamasWar #INSKochi #Yemen #Oneindia
~PR.274~ED.101~GR.125~HT.96~
In the latest escalation, Yemen's Houthi rebels strike once more, damaging an oil tanker and downing a US drone amid tensions over Israel's offensive in Gaza. Stay updated with the latest developments in this volatile situation.
#RedSeaCrisis #RedSeaAttacks #Houthis #HouthisvsIsrael #UKOilTanker #USDrone #IsraelHamasWar #BanjaminNetanyahu #Gaza #GazaHumanitarianCrisis #Oneindia
~PR.274~ED.101~GR.122~HT.96~
Shadow science secretary Peter Kyle has insisted every one of Labour's policies will be “fully costed and fully funded” after Chancellor Jeremy Hunt accused Labour of resorting to "playground politics".
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor of the Exchequer Jeremy Hunt accused Labour of using “playground politics” to distract debate from the "biggest divide in British politics” as he gave a speech about tax cuts in central London on Friday.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Alessandro Nasini, the curator behind unseen photographs of the King and his late mother the Queen, says his focus is on “doing the best” for the Royal Family as the exhibition went on display for the first time at the King’s Gallery in Buckingham Palace.
Report by Ajagbef. 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 promises immediate action if elected prime minister, focusing on stabilising and growing the economy, removing planning restrictions, and addressing the small boats issue. He emphasised that these changes could begin "absolutely straight away" and highlighted the importance of earning voter trust and confidence ahead of the election. "We must be laser focused on that from day one," Starmer insisted. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour Party Leader Keir Starmer highlights the potential of AI while stressing the need for regulation to mitigate risks and manage job changes. "I do think it's got huge potential," he stated, noting the importance of a strong regulatory framework. Starmer believes the UK can effectively balance opportunities and risks, benefiting from advancements while protecting the workforce. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![Government insist plan is working despite unemployment rise [Video]](https://video.newsserve.net/300/v/20240514/1375445844-Government-insist-plan-is-working-despite-unemployment-rise.jpg)
![Hunt: Latest UK economic growth is encouraging [Video]](https://video.newsserve.net/300/v/20240510/1375145204-Hunt-Latest-UK-economic-growth-is-encouraging.jpg)
![Trott: Fall in inflation due to govt's hard work [Video]](https://video.newsserve.net/300/v/20240417/1372872374-Trott-Fall-in-inflation-due-to-govt.jpg)
![Chancellor: GDP figures are testament to economy resilience [Video]](https://video.newsserve.net/300/v/20240328/1371179958-Chancellor-GDP-figures-are-testament-to-economy-resilience.jpg)
![Houthi Dares Biden: US Navy Destroyer USS Mason Attacked By Rebels| No Casualties Reported| Oneindia [Video]](https://video.newsserve.net/300/v/20240516/1375631794-Houthi-Dares-Biden-US-Navy-Destroyer-USS-Mason.jpg)
![Houthis Wreck Havoc In Red Sea: 3 Ships Assaulted Within Hours In Fresh Missile Blitz | Oneindia [Video]](https://video.newsserve.net/300/v/20240509/1375062698-Houthis-Wreck-Havoc-In-Red-Sea-Ships.jpg)
!['Brace For Chaos': Houthi Rebels Warn of Catastrophic Assault In Red Sea If Israel Invades Rafah [Video]](https://video.newsserve.net/300/v/20240508/1375000666-Brace-For-Chaos-Houthi-Rebels-Warn-of.jpg)
![Indian Navy Rescues Panama-Flagged Ship from Houthi Rebels in the Red Sea | Oneindia News [Video]](https://video.newsserve.net/300/v/20240429/1374040386-Indian-Navy-Rescues-Panama-Flagged-Ship-from-Houthi.jpg)
![Houthis Target UK Oil Tanker and U.S. Drone in the Read Sea | Israel-Hamas War | Oneindia News [Video]](https://video.newsserve.net/300/v/20240429/1374037056-Houthis-Target-UK-Oil-Tanker-and.jpg)
![Labour insists its policies will be fully funded [Video]](https://video.newsserve.net/300/v/20240517/1375708302-Labour-insists-its-policies-will-be-fully-funded.jpg)
![Jeremy Hunt accuses Labour of ‘playground politics’ [Video]](https://video.newsserve.net/300/v/20240517/1375706054-Jeremy-Hunt-accuses-Labour-of-playground-politics.jpg)
![Curator ‘focused’ on delivering the best Royal portraits [Video]](https://video.newsserve.net/300/v/20240517/1375701188-Curator-focused-on-delivering-the-best-Royal-portraits.jpg)
![Starmer promises immediate action if elected PM [Video]](https://video.newsserve.net/300/v/20240516/1375648536-Starmer-promises-immediate-action-if-elected-PM.jpg)
![Starmer emphasises AI regulation to safeguard jobs [Video]](https://video.newsserve.net/300/v/20240516/1375649054-Starmer-emphasises-AI-regulation-to-safeguard-jobs.jpg)
