Shadow Chancellor Mel Stride warns that the UK could face higher prices, job losses, and lower wages without a trade deal with the US.
He said that businesses, investors, and stock markets are unhappy, urging the government to accelerate negotiations and secure a deal quickly to avoid economic difficulties.
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
Conservative leader Kemi Badenoch arrives before addressing the Scottish Conservative Party conference in Edinburgh.
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 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
Kemi Badenoch accused Sir Keir Starmer of failing on the economy, claiming unemployment had âsurgedâ since Labour took office. The PM hit back at PMQs, saying 500,000 more people are in work and highlighting jobs from defence, energy and housing projects. Starmer said Labour is investing in Britainâs future, while the Tories âtalk Britain downâ. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Both Labour and Conservatives have raised red flags over a proposed Chinese super-embassy in London. Shadow Home Secretary Chris Philp said the US was right to be concerned, claiming Labour is âcosying up to Chinaâ at the cost of national security. Meanwhile, Technolgy Secretary Peter Kyle says the UK has longstanding, secure processes in place to monitor foreign diplomatic sites, adding the public should feel reassured. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Home Secretary Chris Philp says the Conservative Party has learned from past mistakes but warns that Reform UK's pledges are like âTruss on steroids,â with over ÂŁ100bn in unfunded promises. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Keir Starmer is welcomed by Canadian Prime Minister Mark Carney at Rideau Cottage ahead of the G7 summit. The pair share beers while watching the Stanley Cup Final, as they discuss reviving UK-Canada trade talks and deepening economic ties. Report by Etemadil. 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 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
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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