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.
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Chief Secretary to the Treasury Darren Jones says the Labour government is still committed to stimulating economic growth despite figures from the Office of National Statistics showing the economy recorded no growth in the third quarter of this year. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show. Chancellor Rachel Reeves said she was “disappointed” by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget. The Office for National Statistics said gross domestic product contracted 0.1% in October. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Figures released by the Office for National Statistics (ONS) on Thursday put net migration at more than 900,000 in the year to June 2023, numbers Starmer blamed on the previous Conservative government.
Credit: euronews (in English) Duration: 01:32Published
UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.3% for October, up from 1.7% in the previous month. Shadow Chief Secretary to the Treasury Darren Jones said there was “more to do” to ease cost-of-living pressure.
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Yemen’s Ansarullah movement has claimed that their targeted strikes against U.S. and Israeli assets caused significant confusion among American air defense systems, allegedly leading to "friendly fire" that downed a U.S. fighter jet. Mohammed al-Bukhaiti, a senior Houthi official, asserted the group's actions effectively baffled the U.S.'s advanced defense network, resulting in an American warplane being mistakenly hit.
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The United States has launched a series of airstrikes against Houthi military targets in Yemen, including missile storage and command centers, after the Houthis launched a hypersonic missile attack on Tel Aviv, injuring at least 16 people. The attack comes amidst rising tensions, with the Houthis also targeting vessels in the Red Sea in solidarity with Palestinians during the ongoing Israel-Gaza conflict. In this video, we cover the latest developments and airstrike footage from both sides, highlighting the escalation in the Middle East and its potential global repercussions.
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In a shocking incident over the Red Sea, the US Navy mistakenly shot down one of its own F/A-18 fighter jets in a friendly fire mishap. The jet, which had taken off from the USS Harry S. Truman, was downed by the USS Gettysburg during an operation to disrupt Houthi forces in Yemen. While the pilots ejected safely, the incident raises serious questions about military coordination. Watch the aftermath and the investigation into this unprecedented mistake.
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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.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Home Secretary Yvette Cooper thanks police on shift over the festive period, as she commits to an extra £1bn for forces next year to bring back neighbourhood policing.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Leader of the House of Commons Lucy Powell says the government will be looking at "bringing in new legislation" to strengthen rules on political donations following reports that billionaire Elon Musk is to make a large donation to Reform UK. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Levelling Up Secretary Kevin Hollinrake insists Kemi Badenoch is the "right person" to the lead the Conservative Party saying, "she is very strong, she's very optimistic, she is very bold". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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