Reeves 'disappointed' by UK economy unexpectedly shrinking
Video Credit: ODN - Duration: 00:47s - Published
Reeves 'disappointed' by UK economy unexpectedly shrinking
The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show.
Chancellor Rachel Reeves said she was âdisappointedâ by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget.
Rachel Reeves says it was âclumsyâ for Treasury Minister Darren Jones to compare welfare to children's pocket money. The chancellor adds it was "not the right analogy". 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 confirmed the UK is currently in âintense negotiationsâ with the US over tariffs âacross the boardâ. The Chancellor said she âdoes not want to see tariffs go upâ, highlighting her support for âfree and open tradeâ. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has visited Wellington Barracks in central London after announcing in her Spring Statement that defence spending will increase by 2.5% in GDP. The chancellor and the defence secretary John Healey were shown the first AI-powered strike drone, as they learnt about the work of people on the strategic command's innovation unit. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chancellor says house building commitments in her Spring Statement will benefit young people and that she is "not in favour of national service". Speaking to ITV News, Rachel Reeves adds watching a Sabrina Carpenter concert in a box was "the right thing to do" given her security needs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer confesses the UK are preparing for âall eventualitiesâ ahead of new tariffs which are set to be imposed by Donald Trump on goods imported into the US.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer departs from Downing Street to take Prime Ministerâs Questions as Donald Trump prepares to unveil new tariffs on goods.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The education secretary says the government is using new technology to work with schools in tackling âpersistent absenceâ by pupils. Bridget Phillipson says the problem has become an âendemicâ issue in schools and that âif children arenât in school, if theyâre not in their classroom then they canât learnâ.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The boss of Heathrow Airport says he is âabsolutely committedâ to ensuring lessons are learnt from the events which led to the closure of Europeâs busiest airport last month. Appearing before MPs on the Transport Select Committee, Thomas Woldbye also offered a âsincere apologyâ for the travel disruption caused to thousands of passengers during the one-day shutdown.
Report by Ajagbef. 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
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
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