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Sir Keir Starmer questioned whether Boris Johnson was “okay” as he accused him of introducing a “working-class dementia tax” through this week’s reform to social care funding.

The Labour leader said the prime minister was fronting a “Covent Garden pickpocketing operation” over the reform that means only what individuals personally pay for their social care will contribute to the lifetime £86,000 cap.

It was pushed through the Commons by a small majority after a Tory rebellion but experts have said it will mean poorer people will reach the cap faster than wealthy individuals so would see more of their assets eaten up by care costs.

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Is PM losing Tory support?

Raising the issue at Prime Minister’s Questions, Sir Keir said: “The only thing he is delivering is high taxes, high prices and low growth. I’m not sure the prime minister should be shouting about that.

“And it isn’t just broken promises, it’s also about fairness. Everyone needs protecting against massive health and care costs.

“But under his plan, someone with assets worth about £100,000 will lose almost everything yet somebody with assets of about £1 million will keep almost everything.”

After quizzing the prime minister a number of times on the issue, Sir Keir added: “It’s a classic con game. A Covent Garden pickpocketing operation. The prime minister is the frontman, distracting people with wild promises and panto speeches whilst his chancellor dips his hand in their pocket.”

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And he asked: “How could he possibly have managed to devise a working-class dementia tax?”

The PM retorted that the social care plan “does more for working people up and down the country than Labour ever did”.

Mr Johnson earlier this week gave a speech to business leaders in which he imitated a car engine, lost his place and effusively praised Peppa Pig World, prompting exasperation from some senior Tories.

And on top of the Tory rebellion over social care, he has been plagued by criticism over standards after a U-turn the government performed after initially whipping Conservative MPs to reject suspending now ex-Tory MP Owen Paterson for breaching lobbying rules.

Sir Keir used PMQs to echo a reporter’s question after the Peppa Pig speech, as he asked: “Is everything OK, prime minister?”

The PM replied: “I’ll tell you what’s not working – it’s that line of attack.”

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The PM said his social care reform ‘does more for working people than Labour ever did’

Mr Johnson used Sir Keir’s attack on him for downgrading rail plans for the Midlands and the North by saying there has been “nothing like it for a century”, as he referenced a promised £96 billion investment and three new high-speed lines.

He added: “It turns out that (he) actually campaigned against HS2, said it would be devastating and said it should be cancelled.”

Mr Johnson said: “I took a decision that it was the right thing to do for the long-term interests of the whole country, how can they possibly trust that man?”

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Jeremy Hunt to promise further tax cuts as pre-general election battle hots up

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Jeremy Hunt to promise further tax cuts as pre-general election battle hots up

Jeremy Hunt will promise further tax cuts if the Tories win the next general election and will accuse the Labour Party of not being honest about how it will fund its spending pledges.

The chancellor will give a speech in London on Friday in which he will accuse his shadow, Rachel Reeves, of resorting to “playground politics” with her criticism of the high levels of taxation on UK households.

Mr Hunt will also reiterate his ambition to eradicate the national insurance tax – which the Tories have already slashed twice in a bid to move the polls – where they currently lag 20 points behind Labour.

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Labour has attacked the policy as an unfunded £46bn pledge and likened it to the policies that saw Liz Truss resign from office after just 44 days as prime minister.

The chancellor was previously forced to make clear that his desire to abolish the “unfair” national insurance tax would not happen “any time soon”.

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The chancellor described national insurance as a “tax on work” and said he believed it was “unfair that we tax work twice” when other forms of income are only taxed once.

The overall tax burden is expected to increase over the next five years to around 37% of gross domestic product – close to a post-Second World War high – but Mr Hunt will argue the furlough scheme brought in during the pandemic and the help the government gave households for heating both needed to be paid for.

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Last week: National Insurance to be axed ‘when it’s affordable’

“Labour like to criticise tax rises this parliament thinking people don’t know why they have gone up – the furlough scheme, the energy price guarantee and billions of pounds of cost-of-living support, policies Labour themselves supported,” he will say.

“Which is why it is playground politics to use those tax rises to distract debate from the biggest divide in British politics – which is what happens next.

“Conservatives recognise that whilst those tax rises may have been necessary, they should not be permanent. Labour do not.”

James Murray, Labour’s shadow financial secretary to the Treasury, said: “There is nothing Jeremy Hunt can say or do to hide that fact that working people are worse off after 14 years of economic failure under the Conservatives.”

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French regulator warns investors Bybit provided services ‘illegally’

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French regulator warns investors Bybit provided services ‘illegally’

The Autorité des Marchés Financiers reported Bybit has been blacklisted since May 2022 “for non-compliance with current French regulations.”

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US Senate passes resolution overturning SEC crypto rule on banks

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US Senate passes resolution overturning SEC crypto rule on banks

U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets.

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