Tories: Wage rises could keep interest rates higher
Video Credit: ODN - Duration: 01:19s - Published
Tories: Wage rises could keep interest rates higher
Mel Stride says he is concerned about “pretty high wage increases" across the public sector which he believes could mean interest rates remain “higher for longer”.
The shadow work and pensions secretary says he is not “overly concerned” about figures released by the ONS which show a rise of inflation to 2.2% for July.
Report by Blairm.
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The UK economy shrank for a second consecutive month in October, marking the first back-to-back decline since the pandemic. Shadow Chancellor Mel Stride criticised the government, claiming it inherited a fast-growing economy but is now "talking down" the UK, causing higher taxes, inflation, and unemployment. Stride warned businesses are "sounding the alarm" due to the government's "doom and gloom" economic narrative. 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 has described the ceasefire between Israel and Hezbollah as "very encouraging" and "very good news." He emphasised the need for the release of hostages in Gaza, which Mel Stride stated should now be a key priority. 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 has said the rise in inflation to 2.8% is "worrying." UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures.
Mel Stride said a key componenent to the increase has been energy bills. "The winter fuel payment has been removed for a lot of pensioners including the most vulnerable so I think a lot of people will be worried about this," Mr Stride said.
Report by Kennedyl. 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
Shadow Chancellor Mel Stride calls on Foreign Secretary David Lammy to “withdraw” historical derogatory remarks made about Donald Trump claiming they “are probably not going to make for encouraging a positive relationship” with the new US administration. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
AA President Edmund King believes Monday morning will be the busiest period of the Christmas getaway on the UK's roads as his motoring organisation predicts “some 22 million” drivers will travel today. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Care minister Stephen Kinnock has announced a new funding boost alongside reforms to GP services which he says will "bring back the family doctor".
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
57-year-old Brian Whitelock has been jailed for life without parole for murdering his neighbour Wendy Buckney in a savage attack in her own home. Whitelock was released from prison in December 2018 after being deemed a low risk by the Parole Board, having served 18 years over a separate double killing of his friend and brother.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former UK Ambassador to the US Lord Darroch suggests Lord Mandelson is "well placed" to represent the UK in the United States, particularly with his trade background.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mark Morrell, a pothole campaigner, has dismissed the government's new funding for potholes, saying repairing potholes "is a waste of money" and roads need to be resurfaced.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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