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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The shadow chancellor says it is "deeply disappointing" that the economy shrunk by 0.3% in April, a figure higher than expected. Mel Stride adds, "this is a budget that's spiralling ever-upwards and this government is failing to get a grip on". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow chancellor Sir Mel Stride called Rachel Reevesâ plans a âspend-now, tax-later reviewâ, warning sheâll return in autumn with âyet more taxesâ. He said the review is ânot worth the paper itâs written onâ and accused Reeves of losing control, predicting a âcruel summer of speculationâ after what he calls months of economic chaos. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride has said the Conservative Party has changed in a speech delivered on Thursday. The shadow chancellor admitted the 2022 mini-budget "was a mistake". "The Conservative Party is needed now more than ever but to win the fight, we will need thoughtfulness," Mr Stride added.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride admitted the mini-budget was "a mistake". The shadow chancellor made the remarks ahead of a speech he is set to deliver on Thursday. Mr Stride also warned the Labour Party is "not fiscally credible" and is "making a lot of mistakes". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Sir Mel Stride describes Aprilâs rise in inflation to 3.5% as âpretty shockingâ and says they are âdown to government choicesâ, citing public sector pay rises and increases in employers' National Insurance. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In homes and places of worship from Leicester to London and beyond, people are remembering those who died onboard Air India flight 171. The Boeing 787-8 Dreamliner crashed on Thursday, seconds after taking off from Ahmedabad, the largest city in the Indian state of Gujarat. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Conservative leader Kemi Badenoch arrives before addressing the Scottish Conservative Party conference in Edinburgh.
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Conservative leader Kemi Badenoch expresses her âdeepest condolencesâ to those affected by the Air India plane that crashed in Ahmedabad on Thursday, killing over 240 people.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Conservative leader Kemi Badenoch asserts the answer to the problems in Scotland âdoes not involve more devolutionâ. Speaking at the Scottish Conservative conference in Edinburgh on Friday, Badenoch says, âthe answer to these problems must involve a reassertion of our Conservative, economic principles.â
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Industry Minister Sarah Jones expresses âdeep concernâ as Israel launches air strikes against dozens of sites in Iran, targeting the countryâs nuclear programme.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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