Chancellor vows support for car industry in EV shift
Video Credit: ODN - Duration: 00:57s - Published
Chancellor vows support for car industry in EV shift
The Chancellor has pledged “proper support” for the car industry as the Government phases out new petrol and diesel vehicle sales by 2030.
Rachel Reeves confirmed a consultation is underway to review inherited plans, including potential fines for firms not meeting electric vehicle sales targets.
She emphasised the need to balance the transition with maintaining investment and jobs in Britain, ensuring the automotive sector thrives during the shift to electric vehicles.
Report by Covellm.
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Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising competition from Chinese car makers. His departure highlights the mounting challenges for legacy carmakers in the EV transition.
Credit: euronews (in English) Duration: 00:36Published
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State schools will get “every penny” of extra funding from ending the VAT tax break on private school fees, which comes into effect from the 1 January 2025. Chancellor Rachel Reeves defended the move she had announced in her Autumn budget saying that every child deserved the best start in life. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow business secretary has called on Chancellor Rachel Reeves to "change course quickly", after new ONS figures show inflation increased to 2.6% in November. Andrew Griffith adds all the major economic metrics, such as inflation and growth, "are going in the wrong direction", and fears what four years of a Labour government will do to the UK economy. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Professor Sir Stephen Powis, the NHS national medical director, admits “it’s turning out to be one of the busiest winters in NHS history” as new figures reveal the number of flu patients in hospital is nearly five times the figure at the start of last month.
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: About 100 tractors have taken to the streets to protest the government's proposed changes to inheritance tax. Farmers gathered in Oxford city centre, with some seen holding banners saying "Fight the Tax".
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Foreign Secretary David Lammy announces new sanctions to target the finances of people smuggling gangs. The planned measures are intended to disrupt the flow of money and make it harder for ringleaders to profit from the deadly trade. Lammy says, "together we can strengthen borders, smash the gangs and get those with no right to be here to return to their countries".
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Former Scotland rugby union captain Stuart Hogg has been sentenced to a community payback order after he admitted abusing his estranged wife, Gillian Hogg, over the course of five years. Sheriff Peter Paterson sentenced Hogg to a community payback order with one year of supervision and a second five-year non-harassment order when he appeared at Selkirk Sheriff Court for sentencing on Thursday. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Foreign Secretary David Lammy says he found Donald Trump “very gracious” after spending hours with him. Lammy continues saying, “I look forward to working with Donald Trump in the coming months because the seriousness of the foreign policy challenges… means that we have to work together”.
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