Government insist plan is working despite unemployment rise
Video Credit: ODN - Duration: 01:05s - Published
Government insist plan is working despite unemployment rise
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.
Shadow Chancellor Mel Stride warns that the UK could face higher prices, job losses, and lower wages without a trade deal with the US. He said that businesses, investors, and stock markets are unhappy, urging the government to accelerate negotiations and secure a deal quickly to avoid economic difficulties. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Tories have criticised the government for not being “quicker” with talks about tariffs imposed by the US. Shadow Chancellor Mel Stride said Labour’s comments about Trump whilst they were the opposition were “unhelpful” and could have “soured” relations with the Trump administration. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Mel Stride has accused the Government of making rushed welfare cuts, including to disability benefits, to save money. He said ministers "lacked ambition" in finding fair savings and warned of "hard cases" emerging from the plans. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing. Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow chancellor Mel Stride has criticised the new growth figures released by the ONS. Mr Stride accused the government of "talking down the economy" and referenced the "disastrous budget" set out by Rachel Reeves.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds says the Conservative leader is wrong to say she had negotiated a modernisation plan with British Steel for electric arc furnaces at Teesside and Scunthorpe. Ms Badenoch posted on X on Friday saying as business secretary in the last Conservative government she had negotiated the proposal, but it was "bungled" by Labour. After intervening, Ms Badenoch says: "Labour cannot negotiate. We were negotiating a modernisation deal that would have had limited job losses, just like we had in Port Talbot”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Opening the second reading of the Steel Industry (Special Measures) Bill, Business Secretary Jonathan Reynolds says: "We meet under exceptional circumstances, to take exceptional action, in what are exceptional times”. Report by Blairm. 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 departs 10 Downing Street and arrives at Parliament ahead of a debate and vote for emergency legislation to grant government control of British Steel. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Industry Minister Sarah Jones says the prime minister is “acting in the national interest” by recalling parliament on Saturday to create emergency legislation to grant government control of British Steel. Both the Commons and the Lords will break from Easter recess for a highly unusual Saturday sitting to debate a Bill aimed at blocking the company's Chinese owners, Jingye, from closing blast furnaces at its Scunthorpe plant. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey said Parliament's recall to protect British Steel is essential amid “Putin’s barbaric war” and Trump’s “outrageous tariffs”. He said the Liberal Democrats will work constructively with the Government but warned nationalisation “should not be off the table”. Davey also called on Nigel Farage to apologise for supporting Trump, accusing him of being a “plastic patriot” who owes steelworkers an apology. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Ed Davey says the latest figures showing a dip in UK growth are "really disappointing". The Liberal Democrat leader adds that the figures are a result of the Labour government's budget, their jobs tax and their lack of a growth strategy. His comments come after the latest Office for National Statistics data showed growth contracted by 0.1% in January. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A health minister says long-term, systemic domestic problems and a volatile global state has affected UK growth, as the latest Office for National Statistics figures show the economy contracted by 0.1% in January. Karin Smyth adds growth "is difficult, it's going to take some time, but we are determined to get there". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Robert Jenrick says "confidence has collapsed within our economy", after the latest Office for National Statistics figures show it contracted by 0.1% in January. The shadow justice secretary says the figures are a result of Rachel Reeves' "disastrous" Autumn budget, and urges the chancellor to stop her "anti-growth measures" and "put the economy back on firm footing again". 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 government is "determined" to turn around a decade of poor growth performance, after the latest Office for National Statistics figures show the UK economy contracted by 0.1% in January. The announcement is a blow to the chancellor ahead of her Spring statement on March 26. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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