The UK economy grew in the final quarter of last year after better-than-expected expansion in December, according to official figures.
The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.1% higher between October and December.
Rachel Reeves said she is "still not satisfied with the level of growth our economy is achieving" as she pledged to go "further and faster" to boost growth.
Report by Kennedyl.
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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
Rachel Reeves, the chancellor, has called in the bosses of Britain's biggest high street lenders for a fresh round of talks on the government's economic growth.. Sky News
Guests arriving for the funeral of former Deputy Prime Minister Lord John Prescott. Arrivals include: Sir Lindsay Hoyle, Angela Rayner, John Healey, Rachel Reeves, Sir Keir Starmer, Gordon Brown, Sir Sadiq Khan, David Lammy, Yvette Cooper and Ed Balls, and Tony Blair. Arrivals followed by the coffin being carried into the church.
Report by Faragt. 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
UK retail sales unexpectedly declined last month in a blow to the sector during the all-important festive shopping season, new official figures show. The volume of retail sales – which measures the quantity bought – fell by 0.3% in December, the Office for National Statistics said. Retail analyst Kate Hardcastle said that the flop in sales was down to "savvy" customers who "cut corners" to save money. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says news that the economy grew by 0.1% in November is "welcome, albeit modestly". The chancellor adds the latest Office for National Statistics figures show "we need to go further and faster in delivering growth to make people in Britain better off". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chief secretary to the Treasury has hailed an unexpected dip in inflation, but admits that the cost of living "is still a pressure for families across the country and there's more work to do". Darren Jones adds the latest Office for National Statistics figures, "shows that the prime minister's plan for change is working". Inflation has fallen to 2.5% in December from 2.6% in November, which will come as a relief to Chancellor Rachel Reeves, who has faced criticism given rising government borrowing costs and a slump in the value of the pound. The latest figures could open the door for an interest rate cut next month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has been forced to leave a location in Buckinghamshire after a group of tractor-driving protesters descended on his visit and staged a loud demonstration.
Keir Starmer was visiting a housing development to announce his plans to build new towns across England when a number of vehicles showed up.
The tractors, brandishing placards reading 'Back British Farming', could be heard sounding loud musical horns while the prime minister attempted to speak to construction workers at the site.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has pledged to build a "new generation of towns" across the UK. Housing minister Matthew Pennycook said the plan is an "ambitious milestone" to build the next generation of communities. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Reform UK leader Nigel Farage announced his party's plans to scrap net zero in a bid to "set a new direction of travel relating to the economy and renewable energy". In a press conference on Wednesday, the Reform UK leader said the net zero targets are the "prime reason for the reindustrialisation of Britain".
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Former President Donald Trump makes a bold statement regarding inflation and the rising cost of living. With prices soaring in 2025, what does this mean for the economy and the American people? Watch..
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