Treasury blames borrowing spike on 'dire inheritance'
Video Credit: ODN - Duration: 00:56s - Published
Treasury blames borrowing spike on 'dire inheritance'
The Exchequer Secretary to the Treasury has blamed a “dire economic inheritance from the previous government” on a jump in Government borrowing last month.
Official figures on Friday showed public sector debt hit 100% of gross domestic product in August for the first time since the early 1960s.
James Murray said the latest Government borrowing figures were “far worse than expected”, having come in higher than forecast by the Office for Budget Responsibility.
Report by Covellm.
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Environment secretary Steve Reed has insisted "only around 500 farms will be affected" by the new family farm tax. The plans to impose inheritance tax on farms worth more than £1 million have sparked fury among rural communities, with thousands of farmers descending upon Westminster on Tuesday in protest.
"The vast majority of farms will pay nothing more under the new scheme - that's been validated by the Independent Office for Budget Responsibility," Mr Reed added.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Tulip Siddiq ignores questions from an ITV News reporter as she departs Parliament following her resignation as Treasury minister, following pressure around her connections to the deposed Bangladeshi regime. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chris Philp has accused Prime Minister Sir Keir Starmer of being "more interested in his cronies" than making appointments with integrity. The shadow home secretary's comments come after Tulip Siddiq quit as a Treasury minister over links to her aunt's political movement in Bangladesh. Philp adds the prime minister should have acted quicker and has called for the National Crime Agency to investigate "unanswered questions". 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 has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that to grow the UK economy "we need to help great British business export around the world" and that not engaging with China "is simply not an option". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A woman who worked as a Personal Assistant to the former Harrods boss Mohamed Al Fayed has broken her silence about the sexual abuse she says she suffered at his hands. Tanya Addison says Al Fayed would "make you sit on his lap" and "often kiss you on the mouth". She adds she was preyed upon almost as soon as she started working for Al Fayed in the 1990s, leaving her feeling "very frightened" and "deeply ashamed". Tanya has now joined a string of other women who have bravely come forward to make sexual allegations against the late Harrods boss. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Three Lancashire Constabulary officers are facing disciplinary proceedings after 23-year-old mum, Kiena Dawes, took her own life following prolonged abuse by her former partner, 30-year-old Ryan Wellings. Ms Dawes was assaulted by Wellings two weeks before she died. He was arrested, and shortly afterwards, Ms Dawes reported him to the police for contacting her – a breach of his bail conditions. An officer had dismissed her complaint, and she was also urged to delete a Facebook post in which she had written about the abuse she’d endured. This all left her feeling, “unsupported” by police and she was upset that Wellings had not been, “locked up”. On Monday, Wellings was found guilty of assault and prolonged domestic abuse at Preston Crown Court but was cleared of manslaughter. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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