State schools to get boost as private school tax break ends
Video Credit: ODN - Duration: 00:54s - Published
State schools to get boost as private school tax break ends
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.
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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
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
The average household energy bill across England, Scotland, and Wales has risen by 1.2% after Ofgem increased its price cap. Simon Francis of the End Fuel Poverty Coalition warns that bills are now £700 higher annually than in winter 2020/21, with pensioners and disabled individuals hardest hit. He urges government investment in home insulation and energy efficiency to reduce costs and reliance on volatile gas markets. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rain falls as performers prepare to take part in the New Year's Day Parade in central London, as wind, rain and snow warnings are in force across parts of the UK. The start of London’s New Year’s Day Parade was delayed by 30 minutes due to high winds being forecast, and inflatable cartoon characters were no longer going to be used, event spokesman said. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Thousands of people braved the cold weather in London to help mark the New Year. The chimes of Big Ben and a spectacular fireworks display at the London Eye went ahead, despite concerns about adverse weather conditions – which had led authorities to cancel the traditional Hogmanay celebration in Edinburgh. Report by Chinnianl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
People in the capital give their reaction to the news that Mayor of London Sadiq Khan has been knighted in the New Year Honours. Sir Sadiq has been honoured for political and public service, having held the role of mayor since 2016. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK is braced for an unsettled start to 2025, with heavy snow, rain and wind expected to cause travel disruption over New Year's Eve. Alex Burkill from the Met Office says weather warnings are constantly being updated and urges people to check them, “particularly if you’re planning to travel.” 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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