Keir Starmer calls for recall of parliament over economic crisis

Published

2 years ago

September 28, 2022

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Sir Keir Starmer has called for a recall of parliament to discuss the financial market turmoil following Friday’s mini-budget.

Speaking to reporters, the Labour leader said the move by the Bank of England to launch a temporary bond-buying programme to prevent “material risk” to UK financial stability was “very serious”.

Politics Hub: ‘Growing movement’ for chancellor to quit

Sir Keir said: “I think many people will now be extremely worried about their mortgage, about prices going up, and now about their pensions.

“The government has clearly lost control of the economy.

“What the government needs to do now is recall parliament and abandon this budget before any more damage is done.”

Parliament is in recess because of the Labour and Tory party conferences, and the decision for a recall lies with Prime Minister Liz Truss.

PM under pressure after Bank’s extraordinary move

The PM been facing international pressure to change course after Friday’s budget sent the pound crashing to record lows against the dollar and triggered mortgage lenders to withdraw their offers.

Then, in an extraordinary move today, the Bank of England took emergency action to prop up the economy.

It revealed that it would buy as many long-dated government bonds as needed between now and 14 October in a bid to stabilise financial markets.

Bank’s ‘nearly unthinkable’ intervention – economy latest

In addition to the plunge in the value of the pound, it has also seen investors demand a greater rate of return for UK government bonds – essentially IOUs.

That is because the level of borrowing required to fund the government giveaway, including tax cuts and energy aid for households and businesses, shocked the market, which immediately questioned the sustainability of public finances.

The Lib Dems and SNP have also demanded a recall of parliament, while a growing number of Tory MPs have been criticising the government’s economic plans.

‘Inept madness can’t go on’

Simon Hoare, Tory MP for North Dorset and chair of the Northern Ireland Select Committee, said: “In the words of Norman Lamont on Black Wednesday: ‘Today has been a very difficult day’.

“These are not circumstances beyond the control of Govt/Treasury. They were authored there. This inept madness cannot go on.”

Meanwhile, a former minister told Sky News that there is a “growing movement” for Chancellor Kwasi Kwarteng to step down.

“The mainstream majority think we have crossed the Rubicon,” they said.

But another former minister tried to pour water on the flames.

They said: “It is inevitable the markets would react to a changing direction in economic policy. They will settle.”

Mr Kwarteng held a meeting with investment bankers this morning to try to reassure them.

He said he was committed to “fiscal discipline”, and that he was working closely with the Bank’s governor and the Office for Budget Responsibility.

World

Russian man arrested after two Ukrainians stabbed to death in Germany

Published

11 hours ago

April 29, 2024

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Russian man arrested after two Ukrainians stabbed to death in Germany

A Russian man has been arrested after two Ukrainian men were stabbed to death in southern Germany.

The two Ukrainians were killed at a shopping centre in the village of Murnau in Upper Bavaria.

They were 23 and 36 years old and lived in the southern German county of Garmisch-Partenkirchen.

Shortly after the killings on Saturday evening, the police arrested a 57-year-old Russian on suspicion of murder, German news agency DPA reported.

The names of the victims and the suspect were not released in line with German privacy rules. It is not clear if the three men knew each other.

More than one million Ukrainian refugees came to Germany after Russia launched a full-scale invasion of Ukraine in 2022.

The majority arrived in the first three months after Russia’s invasion of Ukraine, according to Germany’s federal statistical office.

By October 2022, Ukrainian citizens were the second largest foreign population in Germany after Turkish nationals.

Germany is also home to a significant Russian immigrant community and 2.5 million Russians of German ancestry who mostly moved to the country after the collapse of the Soviet Union in the early 1990s.

World

Aid charity to resume operations in Gaza following killing of seven aid workers

Published

17 hours ago

April 29, 2024

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Aid charity to resume operations in Gaza following killing of seven aid workers

An aid group is to resume its work in Gaza four weeks after suspending operations following the killing of seven workers.

World Central Kitchen (WCK) says it will restart operations in the besieged strip on Monday, delivering food to “address widespread hunger”, including in the north.

It comes following the killing of the WCK workers in an Israeli military strike on 1 April.

Three British nationals, who were part of WCK’s security team, an Australian, a Polish national, an American-Canadian dual citizen, and a Palestinian, were killed in the strike.

An Israeli investigation found that incorrect assumptions, decision-making mistakes and violations of the rules of engagement had resulted in their deaths.

Middle East latest: Hamas releases hostage video

WCK suspended its operations in Gaza following their deaths. They had previously distributed more than 43 million meals in Gaza and accounted for more than 60% of all international non-governmental aid.

Erin Gore, the group’s chief executive, said the humanitarian situation in Gaza “remained dire”.

“We are restarting our operation with the same energy, dignity, and focus on feeding as many people as possible,” she said.

“We will continue to get as much food into Gaza, including northern Gaza, as possible – by land, air, or sea.”

She said despite assurances by the Israel Defence Forces (IDF) of changes to their rules of operations in the wake of the workers’ deaths, their staff still faced the threat of being threatened or killed.

“We have been forced to make a decision: Stop feeding altogether during one of the worst hunger crises ever, ending our operation that accounted for 62% of all International non-governmental-organisation (NGO) aid, or keep feeding knowing that aid, aid workers and civilians are being intimidated and killed,” Ms Gore said.

“These are the hardest conversations, and we have considered all perspectives when deliberating.

“Ultimately, we decided we must keep feeding, continuing our mission of showing up to provide food to people during the toughest of times.”

Strikes on Rafah and Blinken’s visit

It comes as medics said 13 people had been killed in Israeli airstrikes on three houses in the southern city of Rafah on Monday.

The strikes on Rafah, where over a million people are sheltering from months of Israeli bombardment, came hours before Egypt was expected to host leaders of Hamas to discuss prospects for a ceasefire agreement with Israel.

On Sunday, Hamas officials said a delegation, led by Khalil al Hayya, the group’s deputy Gaza chief, would discuss a ceasefire proposal handed by Hamas to mediators from Qatar and Egypt, as well as Israel’s response.

Mediators, backed by the US, have stepped up their efforts to conclude a deal amid threats by Israel to invade Rafah.

Meanwhile, US secretary of state Antony Blinken is beginning his seventh diplomatic mission to the Middle East since the Israel-Hamas war began more than six months ago.

He will visit Saudi Arabia, where Arab and European foreign ministers have gathered in Riyadh for a meeting of the World Economic Forum, before making stops in Jordan and Israel on Tuesday and Wednesday.

In Jordan and Israel, Mr Blinken will focus largely on aid, meeting with various relief organisations, as well as officials in both countries, to underscore the urgent need for more humanitarian assistance into Gaza.

On Sunday, the IDF said the amount of aid going into Gaza had increased “significantly” and would be scaled up “even more” in the coming days.

IDF spokesperson Rear Admiral Daniel Hagari said: “Getting aid to the people of Gaza is a top priority – because our war is against Hamas, not against the people of Gaza.”

World

Ireland pledging emergency legislation to send asylum seekers back to UK in wake of Rwanda bill being passed

Published

1 day ago

April 28, 2024

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Ireland pledging emergency legislation to send asylum seekers back to UK in wake of Rwanda bill being passed

Ireland is pledging emergency legislation enabling it to send asylum seekers back to the UK.

More than 80% of recent arrivals in the republic came via the land border with Northern Ireland, Irish justice minister Helen McEntee told a parliamentary committee last week.

Rishi Sunak told Sky News it showed the UK’s Rwanda scheme was already working as a deterrent after it finally became law last week.

Ireland’s deputy prime minister has said the threat of deportation to Rwanda is causing migrants to head for Ireland instead of the UK.

Micheal Martin said the policy was already affecting Ireland because people are “fearful” of staying in the UK.

The former taoiseach told The Daily Telegraph: “Maybe that’s the impact it was designed to have.”

Simon Harris, Ireland’s latest leader, has asked Ms McEntee to “bring proposals to cabinet to amend existing law regarding the designation of safe ‘third countries’ and allowing the return of inadmissible international protection applicants to the UK”, a spokesman said.

Ms McEntee said she will be meeting UK Home Secretary James Cleverly in London on Monday.

“There are many reasons why we have seen an increase in migration towards Ireland,” she told RTE.

“My focus as minister for justice is making sure that we have an effective immigration structure and system.

“That’s why I’m introducing fast processing, that’s why I’ll have emergency legislation at cabinet this week to make sure that we can effectively return people to the UK, and that’s why I’ll be meeting with the home secretary to raise these issues on Monday.”

People are now “worried” about coming to the UK, Rishi Sunak has said.

He told Sky News: “If people come to our country illegally, but know that they won’t be able to stay here, they are much less likely to come, and that’s why the Rwanda scheme is so important.”

Mr Sunak said the comments from Irish politicians show that “illegal migration is a global challenge”.

“[That] is why you’re seeing multiple countries talk about doing third country partnerships, looking at novel ways to solve this problem, and I believe [they] will follow where the UK has led,” he said.

Shadow minister Wes Streeting said it was unlikely a Labour government would bring people back from Rwanda if some are sent there.

“Once people are settled in Rwanda, they’re settled in Rwanda,” he told Sky News, adding it was doubtful that Labour would “unpick that situation”.

Regarding illegal migration in general, he said it required “putting the money that’s gone to Rwanda into the National Crime Agency so we can have proper cross-border policing to tackle the criminal gangs, speeding up the processing of decision-making, making sure we’ve got serious returns agreements with other countries”.

He added: “Those are solutions that can work.”