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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Sir Mel Stride defends a super injunction obtained by former defence secretary Ben Wallace to block the reporting a data leak relating to Afghan nationals who supported British forces during the Afghanistan War. The shadow chancellor says people could have been murdered and tortured had the Taliban got hold of the information. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Mel Stride, Shadow Chancellor said ''Putting taxes on businesses, borrowing a lot of money and spending a lot of money has kept inflation higher than it otherwise would have been.'' It comes as UK inflation rose to a near 18-month high in June as food prices surged for the third month running, according to official figures. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride has appeared to distance himself from Robert Jenrick, who earlier posted a video on social media claiming Rachel Reeves' career as chancellor was "dead". The shadow chancellor adds, "everybody has their own particular way of conducting their politics". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride admits he felt "very upset" seeing a tearful Rachel Reeves sitting opposite him at PMQs in the House of Commons. The shadow chancellor adds that he sent her a message to make sure she was alright. 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 describes Wednesday’s inflation figures of 3.4% as “pretty disappointing” saying it is “of this government’s making” after putting up National Insurance for employers in the last budget. 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
Lawyer Kavon Hussain, representing motorists at the Supreme Court, says he is "disappointed" in a ruling that has found lenders are not liable for hidden commission payments within car finance schemes. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Millions of drivers in car finance schemes will not receive compensation, after the Supreme Court ruled lenders are not liable for hidden commission payments. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Heathrow has submitted its latest plans for a third runway at Europe’s busiest airport. The total cost, including new terminals and infrastructure, will be £49 billion pounds. The airport says expansion will create up to 40,000 new jobs and add 0.43% to the UK’s GDP by 2050. However, the plans will face fierce opposition from locals, politicians and climate campaigners. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Struggling with mental health issues, such as anxiety and depression, "is not weak and nothing to be ashamed of", says Amanda Thorpe, widow of former England cricketer Graham Thorpe. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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