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Rishi Sunak has pledged to boost the economy, cut hospital waiting lists and stop migrant crossings in the Channel in his first speech of 2023.

Speaking in Stratford, the prime minister laid out his priorities for 2023 and asked the public to judge his premiership on five promises.

These pledges are: to halve inflation; to grow the economy; to reduce debt; to cut hospital waiting lists; and to stop migrant crossings.

Sunak asked about ‘real world’ after setting out agenda – politics latest

Mr Sunak promised to work “night and day” to deliver on the five challenges during this parliament and to create “a future that restores optimism, hope and pride in Britain”.

Labour accused him of focusing on areas where progress is already predicted over the coming months, and “failing to tackle the big pressures” the country is facing in his “thin” speech.

Speaking to a room of journalists and business people, Mr Sunak said he wanted to make “five pledges to deliver peace of mind” and “five foundations on which to build a better future for our children and grandchildren”.

“First, we will halve inflation this year to ease the cost of living and give people financial security,” he said.

“Second, we will grow the economy, creating better-paid jobs and opportunity right across the country.

“Third, we will make sure our national debt is falling so that we can secure the future of public services.

“Fourth, NHS waiting lists will fall and people will get the care they need more quickly.

“Fifth, we will pass new laws to stop small boats, making sure that if you come to this country illegally, you are detained and swiftly removed.

“So, five promises – we will halve inflation, grow the economy, reduce debt, cut waiting lists, and stop the boats.

“Those are the people’s priorities. They are your government’s priorities. And we will either have achieved them or not.

“No tricks, no ambiguity, we’re either delivering for you or we’re not. We will rebuild trust in politics through action, or not at all. So, I ask you to judge us on the effort we put in and the results we achieve.”

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Sky’s political editor asks the prime minister: ‘How are you different to your predecessors?’

Mr Sunak continued: “People don’t want politicians who promise the earth and then fail to deliver. They want government to focus less on politics and more on the things they care about.

“The cost of living, too high. Waiting times in the NHS, too long. Illegal migration, far too much.

“I think people do accept that many of these challenges are, at least in part, the legacy of COVID and impacted by the war in Ukraine. But that’s not an excuse. We need to address these problems, not just talk about them.”

The prime minister acknowledged the vision he set out may not be delivered in its entirety this year, but concluded: “I will only promise what I can deliver, and I will deliver what I promise.”

Labour’s shadow education secretary Bridget Phillipson said the issues facing the UK were as a result of Mr Sunak’s own party.

She told Sky News: “They’ve in charge now for 13 years, the Conservatives, and the problems that we see now are a direct result of what’s happened over those last 13 years.

“Whether it’s the fact that as a victim of crime, you often won’t at the justice that you deserve. The fact that so many people are waiting for hours on end in A&E departments and if you try and get through to a GP to get an appointment, often it’s not possible at all.

“That’s the record the Conservative Party over these last 13 years and the empty pledges that we heard from the prime minister I think just show how out of touch he really is with what’s going on out there in the country at the moment.”

Mr Sunak’s speech comes as the UK is facing a wave of strikes, a cost of living crisis and huge pressures on the NHS.

Earlier today, a leading medical organisation said the PM must recall parliament “immediately” so MPs can discuss the “NHS crisis”.

The PM said his government is “taking urgent action” to increase hospital bed capacity by 7,000, adding: “And the NHS is working urgently on future plans for A&E and ambulances.”

He acknowledged that, at present, “patients aren’t receiving the care they deserve” and said “something has to change”.

The PM told his audience that the “most acute” pressure in the NHS is on A&E.

On the continuing industrial action, Mr Sunak called for a “reasonable dialogue” with the unions and promised an update on the government’s next steps.

Responding to his speech, Pat Cullen, the head of the Royal College of Nursing, whose members walked out last month, said he “appeared detached from the reality of what is happening and why” in the NHS, claiming the speech “focused on false promise and hollow boasts when practical and urgent measures are required on the part of government”.

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Food inflation reaches record levels

Yesterday, the PM’s new mission to combat high rates of innumeracy in England was unveiled through a pledge to ensure all pupils in the country study some form of maths until the age of 18.

Addressing this ambition, Mr Sunak said: “Just imagine what greater numeracy will unlock for – people the skills to feel confident with your finances, to find the best mortgage deal.

“The ability to do your job better and get paid more and greater self-confidence to navigate a changing world.”

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Sara Sharif: 10-year-old’s stepmother said girl’s father beat her up ‘like crazy’, according to WhatsApp messages read in court

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Sara Sharif: 10-year-old's stepmother said girl's father beat her up 'like crazy', according to WhatsApp messages read in court

Sara Sharif’s stepmother sent her sister some pictures of the 10-year-old looking bruised and miserable – and told her to “delete” them, a court has heard.

“Look what he’s doing,” Beinash Batool told Qandeela Saboohi, referring to the beatings Sara was allegedly getting from her father, Urfan Sharif.

“Delete the pictures.”

A series of WhatsApp messages exchanged between 2020 and 2023, in which Batool told her sister about the physical attacks Sharif was allegedly inflicting on his daughter, were read out to a jury at the Old Bailey.

Sara Sharif
Image:
Sara Sharif

Batool repeatedly told her sister that Sharif was hitting Sara for being “naughty”, “rude and rebellious”, and because she had cut up his clothes, hidden keys and torn up documents.

Batool, 30, Urfan Sharif, 42, and Sara’s uncle, 29-year-old Faisal Malik, are accused of carrying out a campaign of abuse culminating in Sara’s murder on 8 August last year.

As early as February 2020, Batool described Sharif as going on a “rampage” after spilling hot tea, saying he was “possessed”.

Writing about 10 photographs of Sara, she wrote: “This is how bad he is beating her… I feel really sorry for her. He beat the crap out of her.”

On another occasion, Batool said Sharif “went ballistic” and “beat Sara up like crazy”. She expressed fears he could break an arm or leg.

In May 2021, Batool told Ms Saboohi: “Not great in our house, it’s all a bit manic. Urfan beat the crap out of Sara and my mind is all in bits. I really want to report him.

“Why the hell doesn’t Urfan learn – she’s covered in bruises, literally beaten black.”

Afterwards, Sharif sat “on his fat bum” and played the board game Ludo, she said.

She went on: “Why the hell I’m even letting him in the house. I’m sorry for Sara, poor girl cannot walk. She literally fainted in the kitchen in the morning. He made her do sit-ups all night.”

Asked what Sara had done, Batool said: “Because she hid the keys.”

By 2022, Batool said she was planning to get some “legal advice” but was advised by her sister to give it time and not to rush.

Urfan Sharif, Beinash Batool and Faisal Malik. Pics: Surrey Police
Image:
Urfan Sharif, Beinash Batool and Faisal Malik. Pics: Surrey Police

In an update later that year, Batool said she was thinking about taking Sara out of school, saying: “I don’t want to but kinda don’t have a choice.

“I’m just fed up of her behaviour and Urfan’s. Sara’s body is literally bruised because Urfan beat her up. I cannot even cover it up.

“He beat Sara up yesterday and I can’t send her to school on Monday looking like that.

“She ripped Urfan’s documents in front of him and was being rude and rebellious.”

Referring to an image of Sara in a hijab, Batool wrote: “You haven’t even seen her body, it’s a whole lot worse.”

Days later, she said Sara’s school was worried about her and Sharif was “stressed” about it.

In an apparent reference to Sara’s injuries, she wrote: “Urfan told me to cover it up with makeup and she’s going to wear sunglasses.”

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Two months before Sara died, Batool referred to “Sara’s antics”, telling her sister: “Urfan beat the crap out of Sara… Yeah, he beat her up like crazy.

“Her oxygen level dropped really low, she’s finding it hard to stay awake.”

Asked if Sharif had hit her on the head, Batool said: “Nah, but she’s breathing really rapidly.”

The day before Sara died, Ms Saboohi tried to make contact but Batool told her she was “not in the mood to speak”.

Two days later, the defendants were captured on CCTV as they prepared to board a flight to Pakistan from Heathrow Airport.

That CCTV has now been shown to the jury.

On 10 August last year, police found Sara’s body in a bunkbed after Sharif called from Pakistan to say he had beaten her up “too much” for “being naughty”.

William Emlyn Jones KC, the prosecutor, has previously told jurors it was disputed whether messages Batool sent to two of her sisters were accurate or gave a full picture.

All three defendants, formerly of Hammond Road in Woking in Berkshire, have denied murder and causing or allowing the death of a child between 16 December 2022 and 9 August 2023.

The trial continues.

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Budget: Hostile market response as chancellor suffers Halloween nightmare

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Budget: Hostile market response as chancellor suffers Halloween nightmare

First things first: don’t panic.

What you need to know is this. The budget has not gone down well in financial markets. Indeed, it’s gone down about as badly as any budget in recent years, save for Liz Truss’s mini-budget.

The pound is weaker. Government bond yields (essentially, the interest rate the exchequer pays on its debt) have gone up.

That’s precisely the opposite market reaction to the one chancellors like to see after they commend their fiscal statements to the house.

In hindsight, perhaps we shouldn’t be surprised.

After all, the new government just committed itself to considerably more borrowing than its predecessors – about £140bn more borrowing in the coming years. And that money has to be borrowed from someone – namely, financial markets.

But those financial markets are now reassessing how keen they are to lend to the UK.

More on Budget 2024

The upshot is that the pound has fallen quite sharply (the biggest two-day fall in trade-weighted sterling in 18 months) and gilt yields – the interest rate paid by the government – have risen quite sharply.

This was all beginning to crystallise shortly after the budget speech, with yields beginning to rise and the pound beginning to weaken, the moment investors and economists got their hands on the budget documentation.

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Chancellor challenged over gilt yield spike

But the falls in the pound and the rises in the bond yields accelerated today.

This is not, to be absolutely clear, the kind of response any chancellor wants to see after a budget – let alone their first budget in office.

Indeed, I can’t remember another budget which saw as hostile a market response as this one in many years – save for one.

That exception is, of course, the Liz Truss/Kwasi Kwarteng mini-budget of 2022. And here is where you’ll find the silver lining for Keir Starmer and Rachel Reeves.

The rises in gilt yields and falls in sterling in recent hours and days are still far shy of what took place in the run up and aftermath of the mini-budget. This does not yet feel like a crisis moment for UK markets.

But nor is it anything like good news for the government. In fact, it’s pretty awful. Because higher borrowing rates for UK debt mean it (well, us) will end up paying considerably more to service our debt in the coming years.

Rachel Reeves and Chief Secretary to the Treasury Darren Jones prepare to leave 11 Downing Street
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Rachel Reeves leaving 11 Downing Street before the budget. Pic: PA

And that debt is about to balloon dramatically because of the plans laid down by the chancellor this week.

And this is where things get particularly sticky for Ms Reeves.

In that budget documentation, the Office for Budget Responsibility said the chancellor could afford to see those gilt yields rise by about 1.3 percentage points, but then when they exceeded this level, the so-called “headroom” she had against her fiscal rules would evaporate.

Read more:
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In other words, she’d break those rules – which, recall, are considerably less strict than the ones she inherited from Jeremy Hunt.

Which raises the question: where are those gilt yields right now? How close are they to the danger zone where the chancellor ends up breaking her rules?

Short answer: worryingly close. Because, right now, the yield on five-year government debt (which is the maturity the OBR focuses on most) is more than halfway towards that danger zone – only 56 basis points away from hitting the point where debt interest costs eat up any leeway the chancellor has to avoid breaking her rules.

Now, we are not in crisis territory yet. Nor can every move in currencies and bonds be attributed to this budget.

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Markets are volatile right now. There’s lots going on: a US election next week and a Bank of England decision on interest rates next week.

The chancellor could get lucky. Gilt yields could settle in the coming days. But, right now, the UK, with its high level of public and private debt, with its new government which has just pledged to borrow many billions more in the coming years, is being closely scrutinised by the “bond vigilantes”.

A Halloween nightmare for any chancellor.

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Sara Sharif: 10-year-old’s stepmother said girl’s father beat her up ‘like crazy’, according to WhatsApp messages read in court

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Sara Sharif: 10-year-old's stepmother said girl's father beat her up 'like crazy', according to WhatsApp messages read in court

Sara Sharif’s stepmother sent her sister some pictures of the 10-year-old looking bruised and miserable – and told her to “delete” them, a court has heard.

“Look what he’s doing,” Beinash Batool told Qandeela Saboohi, referring to the beatings Sara was allegedly getting from her father, Urfan Sharif.

“Delete the pictures.”

A series of WhatsApp messages exchanged between 2020 and 2023, in which Batool told her sister about the physical attacks Sharif was allegedly inflicting on his daughter, were read out to a jury at the Old Bailey.

Sara Sharif
Image:
Sara Sharif

Batool repeatedly told her sister that Sharif was hitting Sara for being “naughty”, “rude and rebellious”, and because she had cut up his clothes, hidden keys and torn up documents.

Batool, 30, Urfan Sharif, 42, and Sara’s uncle, 29-year-old Faisal Malik, are accused of carrying out a campaign of abuse culminating in Sara’s murder on 8 August last year.

As early as February 2020, Batool described Sharif as going on a “rampage” after spilling hot tea, saying he was “possessed”.

Writing about 10 photographs of Sara, she wrote: “This is how bad he is beating her… I feel really sorry for her. He beat the crap out of her.”

On another occasion, Batool said Sharif “went ballistic” and “beat Sara up like crazy”. She expressed fears he could break an arm or leg.

In May 2021, Batool told Ms Saboohi: “Not great in our house, it’s all a bit manic. Urfan beat the crap out of Sara and my mind is all in bits. I really want to report him.

“Why the hell doesn’t Urfan learn – she’s covered in bruises, literally beaten black.”

Afterwards, Sharif sat “on his fat bum” and played the board game Ludo, she said.

She went on: “Why the hell I’m even letting him in the house. I’m sorry for Sara, poor girl cannot walk. She literally fainted in the kitchen in the morning. He made her do sit-ups all night.”

Asked what Sara had done, Batool said: “Because she hid the keys.”

By 2022, Batool said she was planning to get some “legal advice” but was advised by her sister to give it time and not to rush.

Urfan Sharif, Beinash Batool and Faisal Malik. Pics: Surrey Police
Image:
Urfan Sharif, Beinash Batool and Faisal Malik. Pics: Surrey Police

In an update later that year, Batool said she was thinking about taking Sara out of school, saying: “I don’t want to but kinda don’t have a choice.

“I’m just fed up of her behaviour and Urfan’s. Sara’s body is literally bruised because Urfan beat her up. I cannot even cover it up.

“He beat Sara up yesterday and I can’t send her to school on Monday looking like that.

“She ripped Urfan’s documents in front of him and was being rude and rebellious.”

Referring to an image of Sara in a hijab, Batool wrote: “You haven’t even seen her body, it’s a whole lot worse.”

Days later, she said Sara’s school was worried about her and Sharif was “stressed” about it.

In an apparent reference to Sara’s injuries, she wrote: “Urfan told me to cover it up with makeup and she’s going to wear sunglasses.”

Read more:
Pound falls sharply after major budget tax rises
Dozens of stolen supercars returned to UK

Two months before Sara died, Batool referred to “Sara’s antics”, telling her sister: “Urfan beat the crap out of Sara… Yeah, he beat her up like crazy.

“Her oxygen level dropped really low, she’s finding it hard to stay awake.”

Asked if Sharif had hit her on the head, Batool said: “Nah, but she’s breathing really rapidly.”

The day before Sara died, Ms Saboohi tried to make contact but Batool told her she was “not in the mood to speak”.

Two days later, the defendants were captured on CCTV as they prepared to board a flight to Pakistan from Heathrow Airport.

That CCTV has now been shown to the jury.

On 10 August last year, police found Sara’s body in a bunkbed after Sharif called from Pakistan to say he had beaten her up “too much” for “being naughty”.

William Emlyn Jones KC, the prosecutor, has previously told jurors it was disputed whether messages Batool sent to two of her sisters were accurate or gave a full picture.

All three defendants, formerly of Hammond Road in Woking in Berkshire, have denied murder and causing or allowing the death of a child between 16 December 2022 and 9 August 2023.

The trial continues.

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