Griffith: Inflation figures show Reeves must change course
Video Credit: ODN - Duration: 01:00s - Published
Griffith: Inflation figures show Reeves must change course
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
Rachel Reeves says the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of living crisis continues to bite" but that the government is "taking action" to address its challenges. ONS figures show inflation has risen to 2.6% in November, from 2.3% the previous month. 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 she can understand why women affected by changes to the state pension age will feel "disappointed", but adds that paying an "expensive compensation bill" was not the best use of taxpayers' money. Campaigners say the government's decision not to compensate women affected by changes to the state pension age, and their communication of these changes, are "bizarre and totally unjustified". But the chancellor says the ombudsman has reported that around 90 percent of women knew the changes were coming. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has said most Waspi women knew the state pension age was changing so it was not "the best use of taxpayers' money to pay an expensive.. Sky News
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 “disappointed” by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget. The Office for National Statistics said gross domestic product contracted 0.1% in October. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Griffith has accused the government of "betraying" Waspi women over changes to the state pension age in the UK. The government has chosen not to compensate women born in the 1950s, claiming most knew about the pension changes. But the shadow business secretary says Labour campaigned on how they were going to "right the injustice", before changing their position after winning the election. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ukraine has claimed it is behind a bomb attack that killed a senior Russian general in charge of nuclear protection forces in Moscow on Tuesday. Lieutenant General Igor Kirillov, who is chief of Russia’s Nuclear, Biological and Chemical Protection Troops, was killed outside a block of flats some 7km (4 miles) southeast of the Kremlin. Defence Secretary John Healey said the general was a "bad man" with a proven record of "using chemical weapons against troops on the battlefield."
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![Reeves: Inflation remains in line with international peers [Video]](https://video.newsserve.net/300/v/20241218/1396454622-Reeves-Inflation-remains-in-line-with-international-peers.jpg)
![Reeves: I understand why Waspi campaigners are disappointed [Video]](https://video.newsserve.net/300/v/20241218/1396454760-Reeves-understand-why-Waspi-campaigners-are-disappointed.jpg)
![Reeves 'disappointed' by UK economy unexpectedly shrinking [Video]](https://video.newsserve.net/300/v/20241213/1396036972-Reeves-disappointed-by-UK-economy-unexpectedly-shrinking.jpg)
![Griffith: Labour has betrayed Waspi women [Video]](https://video.newsserve.net/300/v/20241218/1396459934-Griffith-Labour-has-betrayed-Waspi-women.jpg)
![Defence Secretary responds to death of Russian general [Video]](https://video.newsserve.net/300/v/20241217/1396408704-Defence-Secretary-responds-to-death-of-Russian-general.jpg)
