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A Labour MP has resigned after being suspended over allegations of “serious sexual misconduct”.

In a statement, Christian Matheson apologised to the complainant for “the hurt I have caused”.

But he added that he is “dismayed” to have been found guilty “of several allegations that I know to be untrue”.

An independent panel on MPs’ conduct recommended Mr Matheson should be suspended from the Commons for four weeks over the allegations.

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Mr Matheson described the proposed suspension as “excessive and unfair”.

The Parliamentary Commissioner for Standards upheld two allegations of sexual misconduct against Mr Matheson made by a former member of staff.

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He allegedly invited her on a private trip abroad and “the invitation was sexually motivated, unwanted, and had placed the complainant under pressure and intimidated her”, according to the report.

During a work event outside Parliament, he also “linked arms with her; made personal comments about her appearance while looking at her suggestively; made her hold his hand as they left and insisted on accompanying her to her bus stop; and once there invited her back to his flat, kissed her twice on the forehead and attempted to kiss her on the mouth”.

The report states that the commissioner “concluded that these were all unwanted and unwelcome sexual advances”.

A Labour spokesperson said: “This is an incredibly serious case. There must be a zero tolerance for sexual harassment and the Labour Party has acted immediately following the ICGS findings.

“We will now select a candidate that the people of Chester can be proud to vote for.”

Mr Matheson has been the MP for the City of Chester since 2015.

“I have today, with great sadness, tendered my resignation as Member of Parliament for the City of Chester,” he said in a statement.

“This follows publication of a report which had found me guilty of sexual misconduct.

“From the start I accepted I had committed a minor breach of the code and had hoped that an honest and open approach would stand me in a fair light.

“This has proven not to be the case and I am dismayed that I have been found guilty of several allegations that I know to be untrue.

“Indeed my insistence on what I know to be true – that I had no sexual motivation in this matter – was held against me as a refusal to accept my guilt, and caused an increased sanction which I felt was disproportionate.

“Despite provable factual inaccuracies in the sanctions report, my appeal against sanction was not even considered, for the same reason.

“Therefore, I faced a suspension from the House of four weeks.

“Whilst I believe that this is an excessive and unfair penalty, I cannot challenge the process further. I believe that the honourable and right thing to do now is to resign my seat and seek to rebuild my life elsewhere.

“I would ask for privacy for my family. This matter has also caused a great toll on my health, requiring my hospitalisation, and I ask that my privacy is respected while I recover.

“I will forever be grateful to my constituency, and my party, for giving me the honour to serve, and I apologise to the people of Chester, and to the House of Commons, for the disrepute I have brought.

“I once again apologise to the complainant in my case, for the hurt I have caused.”

His resignation means there will now be a by-election in the City of Chester.

Mr Matheson retained the seat with a 6,164 majority in 2019.

Responding to the report, Mike Clancy, general secretary of Prospect union, said: “It is worrying however that while he was being investigated he remained able to attend the Houses of Parliament.

“In no other workplace would someone being investigated for such serious offences be free to continue visiting it. MPs must get a grip on this issue – it is simply unacceptable that those working in Parliament continue to be put at risk in this way.”

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

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He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

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These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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Court confirms sacking of South Korean president who declared martial law

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Court confirms sacking of South Korean president who declared martial law

South Korea’s constitutional court has confirmed the dismissal of President Yoon Suk Yeol, who was impeached in December after declaring martial law.

His decision to send troops onto the streets led to the country’s worst political crisis in decades.

The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.

The president was also said to have taken actions “beyond the powers provided in the constitution”.

Demonstrators who stayed overnight near the constitutional court wait for the start of a rally calling for the president to step down. Pic: AP
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Demonstrators stayed overnight near the constitutional court. Pic: AP

Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.

The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.

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The Constitutional Court is under heavy police security guard ahead of the announcement of the impeachment trial. Pic: AP
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The court was under heavy police security guard ahead of the announcement. Pic: AP

After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.

He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.

His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.

The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.

South Korea must hold a national election within two months to find a new leader.

Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

Stock markets around the world fell on Thursday after Donald Trump announced sweeping tariffs – with some economists now fearing a recession.

The US president announced tariffs for almost every country – including 10% rates on imports from the UK – on Wednesday evening, sending financial markets reeling.

While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.

Trump tariffs latest: US stock markets tumble

All three of the US’s major markets opened to sharp losses on Thursday morning.

A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. Pic: AP
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The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP

By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.

Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.

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Worst one-day losses since COVID

As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.

The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.

It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.

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The latest numbers on tariffs

‘Trust in President Trump’

White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.

“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”

Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”

He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.

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How is the world reacting to Trump’s tariffs?

Economist warns of ‘spiral of doom’

The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.

He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.

Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.

He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”

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It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.

Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.

Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.

It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.

He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”

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