UK Economy contracts for second month amid Tory criticism
Video Credit: ODN - Duration: 00:58s - Published
UK Economy contracts for second month amid Tory criticism
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.
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Shadow Chancellor Mel Stride has accused the Government of making rushed welfare cuts, including to disability benefits, to save money. He said ministers "lacked ambition" in finding fair savings and warned of "hard cases" emerging from the plans. 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 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
Shadow chancellor Mel Stride has criticised the new growth figures released by the ONS. Mr Stride accused the government of "talking down the economy" and referenced the "disastrous budget" set out by Rachel Reeves.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor has argued that Rachel Reeves's plan to expand Heathrow Airport doesn't do enough to tackle economic issues affecting people now, claiming it will only come into effect in the next 10-30 years, if at all. Mel Stride did, however, assert his support for Reeves's planned Heathrow expansion, despite citing Labour divisions about the issue including Mayor of London Sir Sadiq Khan's objections. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer says banning phones in schools is "not necessary" and instead there is an "emerging battle" to ensure that the content children are consuming online is "suitable for their age". His comments come as the Conservative Party leader Kemi Badenoch tells the prime minister at PMQs, "teachers and headteachers say the evidence already shows that schools that ban phones get better results". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Armed Forces minister says the £2.2bn increase in defence spending is necessary in "these more insecure and dangerous times". Luke Pollard adds the money will be put towards "more advanced weaponry, directed energy weapons, more business going directly to UK firms and improving defence housing". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Armed Forces minister has said the responsibility to end the war in Ukraine "is solely on Putin", as Russia and Ukraine agree to a Black Sea ceasefire deal. Luke Pollard adds, "we will continue to support our friends in Ukraine to guarantee their freedom and sovereignty for as long as it takes". On the leaked White House Signal messages criticising Europe, Pollard says President Donald Trump is "right" to call on European countries to step up on defence spending. 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 has left Downing Street for the House of Commons where she will deliver her Spring statement. Rachel Reeves, who enjoyed seeing inflation fall to 2.8% this morning, is expected to announce welfare cuts and an increase in defence spending. 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 has left Downing Street for the House of Commons where he will face questions from Conservative Party leader Kemi Badenoch. After PMQs, the prime minister will listen to Chancellor Rachel Reeves deliver her Spring statement. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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