Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that millions of people are still paying higher mortgage rates after the Conservatives mini-budget.
Report by Covellm.
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The Bank of England governor has said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses as a result of the budget. Sky News
The governor of the Bank of England said that the UK must “welcome opportunities to rebuild relations” following Brexit, as he backs the Chancellor’s plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer has said he is "absolutely" still confident in Chancellor Rachel Reeves after her financial plans sparked rows with pensioners, farmers and.. Sky News
Liberal Democrats leader, Sir Ed Davey visited high-street businesses calling for a Government U-turn on the rise of the bus fare cap. The £2 cap on single fares that applies on most routes outside London will be replaced by a new £3 cap until the end of 2025, Chancellor Rachel Reeves announced in the Budget. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor of the Exchequer Rachel Reeves speaks to engineers and scientists during a visit to Tokamak Energy in Abingdon. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Responding to the slowdown in economic growth during the quarter to September, Chancellor Rachel Reeves emphasised that achieving growth is the "number one mission of this Government". However, she acknowledged that when she became chancellor, she was upfront about the "scale of the challenges" she had inherited, particularly regarding the state of public finances. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride blamed GDP figures showing growth slowed between July and September on the Labour government “talking down of the economy”. UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Gordon Brown has paid tribute to former deputy prime minister John Prescott following his death aged 86 following a battle with Alzheimer's. The former prime minister credited Mr Prescott with transforming "our view of climate change" and being the "pioneer of levelling up."
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Sir Keir Starmer said the UK must "double down" it's support for Ukraine after returning from the G20 summit in Brazil. Addressing the House of Commons on Thursday, the prime minister said it "could not be more clear" that "this is a man that wants destruction, not peace".
"After 1,000 days of war, I am clear that we must double down in our support. We will not be deterred or distracted by reckless threats," he added.
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The energy minister has admitted the winter fuel payment cut was a "tough call" by the chancellor. Miatta Fahnbulleh urged pensioners struggling with their energy bills to get in touch with their suppliers. "We announced yesterday that there will be £500 million worth of support available to people this winter. I know people are worried about their energy bills this winter - please pick up the phone and speak to your supplier," she said.
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Shadow defence secretary James Cartlidge has responded to speculation that Ukraine has fired UK-supplied Storm Shadow missiles at targets inside Russia for the first time. Mr Cartlidge said: "We do support giving Ukraine maximum autonomy because ultimately they're trying to fight for their lives - this is an act of self defence." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former deputy prime minister John Prescott has died aged 86 following a battle with Alzheimer's, his family has announced. Lord Prescott was a key figure of Sir Tony Blair's New Labour project, seen by many as custodian of the party's traditional values in the face of a modernising leadership.
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