Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead
Wednesday, 15 January 2025 A fall in December's CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves.
In a harrowing visit to Gaza’s so-called “Valley of Death,” Trump’s envoy Steve Witkoff walked the frontline near an aid distribution zone where nearly 900 civilians have reportedly been killed in recent IDF operations. Joined by international officials and aid workers, Witkoff witnessed first-hand the devastation wrought by shelling in proximity to humanitarian corridors.
#SteveWitkoff #GazaVisit #GazaCrisis #USEnvoyInGaza #WitkoffInGaza #GazaHumanitarianCrisis #GazaAidCrisis #GazaHungerCrisis #GazaCity #IsraelGazaWar #TrumpOnGaza #GazaUnderAttack #GazaNews #GazaToday #GazaConflict #GazaDiplomacy #IsraelGazaCrisis #GazaRelief #MiddleEastCrisis #GazaWar2025
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India has reportedly declined a U.S. offer to buy F-35 stealth fighter jets, according to Bloomberg. The offer was made by President Trump during Prime Minister Modi’s visit to Washington in February. Instead of purchasing American jets, India is prioritizing joint defense manufacturing initiatives and has shown greater interest in the Russian Su-57, especially after its debut at Aero India.
The Indian Ministry of External Affairs downplayed Bloomberg’s report, confirming no formal talks on the F-35 have taken place yet. Meanwhile, the U.S. has slapped 25% tariffs on Indian imports due to a failed trade deal, escalating tensions. Trump also announced India would face a penalty over its continued defense ties with Russia. This deepening rift could impact U.S.-India defense cooperation and reshape future arms procurement.
#IndiaUSRelations #F35Deal #ModiTrump #IndiaDefense #FighterJetDeal #USIndiaTensions #Su57India #DefenseNews #Tariffs #USIndiaTrade #TrumpModi #Geopolitics #MilitarySale #IndiaRejectsF35 #BloombergReport #RussianDefense #TrumpSanctions #ModiWashington #IndiaForeignPolicy #AeroIndia
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Donald Trump says he has ordered two nuclear submarines to be positioned in the "appropriate regions" in a row with former Russian president Dmitry Medvedev. Sky News
Exchequer Secretary to the Treasury James Murray admits “there is more to do” in order reduce inflation further following a small fall in the Consumer Prices Index to 3.4% in May. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". 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 dodged calls from her predecessor Anneliese Dodds for a wealth tax to be considered ahead of this autumn's budget. Sky News
Sizewell C nuclear power plant construction to cost £38bn as investors sign deal. Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn