Economy

It comes as firms warned the economy is “headed for the worst of all worlds” with activity expected to fall sharply in the first three months of 2025.

Ministers said an extra £15 million will be made available for supply chain businesses and workers affected by changes at Tata’s south Wales site.

ITV News Joel Hills explains if rising inflation is due to the way it's calculated or a resurgence in prices, as it has reached its highest level since March.