Conservatives react to ‘pretty shocking’ inflation figures
Video Credit: ODN - Duration: 00:58s - Published
Conservatives react to ‘pretty shocking’ inflation figures
Shadow Chancellor Sir Mel Stride describes April’s rise in inflation to 3.5% as “pretty shocking” and says they are “down to government choices”, citing public sector pay rises and increases in employers' National Insurance.
Report by Blairm.
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Shadow Chancellor Sir Mel Stride welcomed the UK’s 0.7% growth but warned it’s "no time to pop champagne corks." He pointed to signs of a slowdown in March and rising pressures on businesses from tax and regulatory changes. Stride said wider forecasts still predict weaker growth ahead, warning the economy faces "stress and strain" despite this short-term boost. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. 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 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. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Tories have criticised the government for not being “quicker” with talks about tariffs imposed by the US. Shadow Chancellor Mel Stride said Labour’s comments about Trump whilst they were the opposition were “unhelpful” and could have “soured” relations with the Trump administration. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Tottenham fans welcomed home their Europa League winners back to North London on Friday evening. The Spurs supporters flocked onto the streets to witness the open-bus victory parade. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Tottenham fans welcomed home their Europa League winners back to North London on Friday evening. The Spurs supporters flocked onto the streets to witness the open-bus victory parade. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Tottenham Hotspur fans praise the team ahead of the Europa League winners parade in North London. Tottenham won the Europa League final after beating Manchester United 1-0 in Bilbao on Wednesday. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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