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The next general election is only 17 months away at most. It is already seen as a “change election” – meaning that, on the basis of opinion polls and recent political contests, the party in power is likely to switch.

Conventional wisdom is that the Conservatives will most likely be out after 14 years continuously in power.

That outcome is of course in the lap of the electorate and cannot be taken for granted.

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But it is the basis on which individual MPs make calculations about their futures.

Before any seats change hands, we can already say that there will be at least 75 new faces in the 2024/25 parliament.

That’s because 75 current members have already announced that they are not standing – and more than 50 of them were elected as Conservatives. A further 14 Labour MPs are stepping down, with seven from the SNP.

The overall turnover of MPs will be much larger anyway if is a change election.

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The pollster Frank Luntz recently warned Tory MPs that any of them with a majority less that 15,000 is “at risk”. There are around 180 in that category – half the current parliamentary party.

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Now is the time when the main parties are choosing the candidates to fight the coming election in the seats they hold, the seats they regard as winnable and the seats viewed as not worth wasting further resources on.

The types of candidate being chosen, especially in their safe or target seats, tells us a lot about what a party will be like in government or in opposition after the next election.

Since becoming Labour leader in 2019, Sir Keir Starmer has devoted more energy to exerting iron discipline on his party after the Jeremy Corbyn years than to developing radical new policies.

True to form, Labour is ahead of the Conservatives in choosing its prospective parliamentary candidate – more than halfway through – with more than 100 of an expected 200 of so new PPCs in place.

Of course, not all of them are first timers. Re-treads include the former Cabinet minister Douglas Alexander, who is hoping to win back East Lothian from the SNP, Anna Turley fighting to regain her Red Wall seat of Redcar and former Wolverhampton MP Emma Reynolds, who is now standing in Wycombe.

These three ex-MPs embody the middle-aged, middle-of-the-road cut of the Labour candidates being selected. Only about one in 20 of them are below the age of 30.

Newly elected Labour MP Keir Mather (centre), with Labour leader Sir Keir Starmer and deputy Labour Party leader Angela Rayner at Selby football club, North Yorkshire, after winning the Selby and Ainsty by-election. Picture date: Friday July 21, 2023.
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Newly elected MP Keir Mather with Sir Keir Starmer and Angela Rayner

In spite of the recent by-election victory by the new Baby of the House, Labour’s Keir Mather, parliament is not proving welcoming for younger members. Those standing down include two young MPs who had been picked out as rising stars.

The SNP’s Mhairi Black calls Westminster “toxic”, Bishop Auckland Tory Deheena Davison finds it “unsociable”.

The Labour leadership are ruthlessly weeding out left-wing candidates.

Suspension from the party is the most brutal method. Jeremy Corbyn is no longer a member of Labour so he cannot stand as one of their candidates at the next election. His dwindling band of supporters in the Commons have been carefully biting their tongues to avoid joining him in the reject bin.

Before constituency parties get to vote on their candidate, a panel made up of trusted members of Labour’s National Executive (NEC) and local supporters draws up a “long list”.

As serving Mayor Jamie Driscoll found out to his cost in a similar process to select a candidate for the new mayor of the North East, this is how strong candidates not liked by the leadership can be excluded.

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Labour Party leader Jeremy Corbyn (right) alongside shadow Brexit secretary Keir Starmer during a press conference in central London. PA Photo. Picture date: Friday December 6, 2019. See PA story POLITICS Election. Photo credit should read: Jonathan Brady/PA Wire

Mish Rahman, a current member of the NEC supported by Momentum, is a typical example of the sort of PPC that Sir Keir does not want. He was blocked in the highly win-backable seat of Wolverhampton West in spite of being backed by five trade unions. He commented he was not surprised since none of his fellow “Bernie Grant Leadership” alumni have been selected. That programme, in memory of the black far-left Tottenham MP, was set up to promote candidates of his ilk.

Labour’s stand out PPC selection this time round typifies the change of mood. Charlie Falconer had to be sent to the House of Lords to serve in the Blair government. He refused to take his children out of private school and no constituency would have him.

Now the product of that public school education, his son Hamish Falconer – a well-regarded diplomat in his own right – has been selected as Labour candidate in marginal Lincoln.

Sir Keir Starmer and his closest aides – including Morgan MacSweeney, Matthew Faulding, Carol Linforth, David Evans and Marianna McFadden – are right to be careful.

Their opponents will target candidates with “extremist” skeletons in their closet.

Nadine Dorries has not yet stood down as promised to trigger the by-election in her Mid Bedfordshire constituency.

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The Daily Mail has already exposed Labour’s clean-cut candidate Alistair Strathern for taking part in a Greenpeace protest at the Home Office, dressed as a zombie.

A few places demand a high-profile and colourful candidate. The retiring Green MP Caroline Lucas has made Brighton Pavilion one of those constituencies. The Greens have already chosen Sian Berry, one of their other best-known politicians, to defend it for them.

The comedian Eddie Izzard, who has failed to be selected elsewhere numerous times, has local connections and is fighting hard for the Labour nomination.

The number of LGBT+ MPs now stands at a record 61 and is set to remain strong. Women and ethnic minorities are doing loess well.

Tory strategists at the centre wish they had the same grip on candidate selection as Labour, but they don’t. Just about the leadership’s only success has been blocking any candidacy by the former MEP and the serially disloyal Boris Johnson supporter David Campbell Bannerman.

Prime Minister Rishi Sunak and newly elected Conservative MP Steve Tuckwell arriving at the Rumbling Tum cafe in Uxbridge, west London, following the party's success in the Uxbridge and South Ruislip by-election. Picture date: Friday July 21, 2023. PA Photo. See PA story POLITICS ByElections. Photo credit should read: Jordan Pettitt/PA Wire
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Rishi Sunak and newly elected Conservative MP Steve Tuckwell in Uxbridge

After the turmoil of five prime ministers there is no centre, respected by all, to exert control.

PPCs are chosen by constituency associations whose members are the people who voted for Boris Johnson and Liz Truss and did not vote for Rishi Sunak.

The Tory Party factions are fighting out their differences in selections, constituency by constituency.

Unlike Labour they are choosing candidates who appeal to themselves, with little regard to who might attract floating voters in the centre ground.

Tory activists have already picked out two PPCs who they expect will still be battling for the soul of the party in a decades time.

In the One Nation corner stands Rupert Harrison, the PPC for Bicester, an old Etonian and former close aide to chancellor George Osborne. He looks like what Barbie’s Ken would look like were he to be a middle-aged Tory candidate.

The Nativist Brexiteer Corner is occupied by the cerebral and sometimes bearded Nick Timothy, who has taken over in Matt Hancock’s old constituency in Suffolk.

Nick Timothy
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Nick Timothy

Male, middle-aged, middle class, there is a similarity in the profile, if not the politics, of the candidates being chosen by the two main parties.

Both of them now place a premium on the candidate having a local connection.

It is much harder for bright politically ambitious young people to shop around for a seat – even though some of them in the past have proved of prime ministerial calibre – like Churchill or Blair or Johnson.

The ConservativeHome website reports that in 12 winnable target seats, eight of the PPCs were local councillors, two more had local connections and only two were women.

Those following the selections most closely, including the journalist Michael Crick on his @tomorrowsMPs X (formerly Twitter) page and the Professor of Politics Tim Bale, believe that insistence on the local factor is seriously diluting the quality of the people who are becoming MPs.

Whether or not we are heading into a change election, we know already that there will be lots of new faces. They won’t look much different to those they are replacing and it is a fond hope whether they will be any better.

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Building societies step up protest against Reeves’s cash ISA reforms

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Building societies step up protest against Reeves's cash ISA reforms

Building society chiefs will this week intensify their protests against the chancellor’s plans to cut cash ISA limits by warning that it will push up borrowing costs for homeowners and businesses.

Sky News has obtained the draft of a letter being circulated by the Building Societies Association (BSA) among its members which will demand that Rachel Reeves abandons a proposed move to slash savers’ annual cash ISA allowance from the existing £20,000 threshold.

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The draft letter, which is expected to be published this week, warns the chancellor that her decision would deter savers, disrupt Labour’s housebuilding ambitions and potentially present an obstacle to economic growth by triggering higher funding costs.

“Cash ISAs are a cornerstone of personal savings for millions across the UK, helping people from all walks of life to build financial resilience and achieve their savings goals,” the draft letter said.

“Beyond their personal benefits, Cash ISAs play a vital role in the broader economy.

“The funds deposited in these accounts support lending, helping to keep mortgages and loans affordable and accessible.

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“Cutting Cash ISA limits would make this funding more scarce which would have the knock-on effect of making loans to households and businesses more expensive and harder to come by.

“This would undermine efforts to stimulate economic growth, including the government’s commitment to delivering 1.5 million new homes.

“Cutting the Cash ISA limit would send a discouraging message to savers, who are sensibly trying to plan for the future and undermine a product that has stood the test of time.”

The chancellor is reportedly preparing to announce a review of cash ISA limits as part of her Mansion House speech next week.

While individual building society bosses have come out publicly to express their opposition to the move, the BSA letter is likely to be viewed with concern by Treasury officials.

The Nationwide is by far Britain’s biggest building society, with the likes of the Coventry, Yorkshire and Skipton also ranking among the sector’s largest players.

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In the draft letter, which is likely to be signed by dozens of building society bosses, the BSA said the chancellor’s proposals “would make the whole ISA regime more complex and make it harder for people to transfer money between cash and investments”.

“Restricting Cash ISAs won’t encourage people to invest, as it won’t suddenly change their appetite to take on risk,” it said.

“We know that barriers to investing are primarily behavioural, therefore building confidence and awareness are far more important.”

The BSA called on Ms Reeves to back “a long-term consumer awareness and information campaign to educate people about the benefits of investing, alongside maintaining strong support for saving”.

“We therefore urge you to affirm your support for Cash ISAs by maintaining the current £20,000 limit.

“Preserving this threshold will enable households to continue building financial security while supporting broader economic stability and growth.”

The BSA declined to comment on Monday on the leaked letter, although one source said the final version was subject to revision.

The Treasury has so far refused to comment on its plans.

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Govt declines to rule out wealth tax after ex-Labour leader Lord Kinnock calls for wealth tax

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Govt declines to rule out wealth tax after ex-Labour leader Lord Kinnock calls for wealth tax

The government has declined to rule out a “wealth tax” after former Labour leader Neil Kinnock called for one to help the UK’s dwindling finances.

Lord Kinnock, who was leader from 1983 to 1992, told Sky News’ Sunday Morning With Trevor Phillips that imposing a 2% tax on assets valued above £10 million would bring in up to £11 billion a year.

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On Monday, Sir Keir Starmer’s spokesperson would not say if the government will or will not bring in a specific tax for the wealthiest.

Asked multiple times if the government will do so, he said: “The government is committed to the wealthiest in society paying their share in tax.

“The prime minister has repeatedly said those with the broadest shoulders should carry the largest burden.”

He added the government has closed loopholes for non-doms, placed taxes on private jets and said the 1% wealthiest people in the UK pay one third of taxes.

Chancellor Rachel Reeves earlier this year insisted she would not impose a wealth tax in her autumn budget, something she also said in 2023 ahead of Labour winning the election last year.

Asked if her position has changed, Sir Keir’s spokesman referred back to her previous comments and said: “The government position is what I have said it is.”

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The previous day, Lord Kinnock told Sky News: “It’s not going to pay the bills, but that kind of levy does two things.

“One is to secure resources, which is very important in revenues.

“But the second thing it does is to say to the country, ‘we are the government of equity’.

“This is a country which is very substantially fed up with the fact that whatever happens in the world, whatever happens in the UK, the same interests come out on top unscathed all the time while everybody else is paying more for getting services.

“Now, I think that a gesture or a substantial gesture in the direction of equity fairness would make a big difference.”

The son of a coal miner, who became a member of the House of Lords in 2005, the Labour peer said asset values have “gone through the roof” in the past 20 years while economies and incomes have stagnated in real terms.

In reference to Chancellor Rachel Reeves refusing to change her fiscal rules, he said the government is giving the appearance it is “bogged down by their own imposed limitations”, which he said is “not actually the accurate picture”.

A wealth tax would help the government get out of that situation and would be backed by the “great majority of the general public”, he added.

His comments came after a bruising week for Prime Minister Sir Keir Starmer, who had to heavily water down a welfare bill meant to save £5.5bn after dozens of Labour MPs threatened to vote against it.

With those savings lost – and a previous U-turn on cutting winter fuel payments also reducing savings – the chancellor’s £9.9bn fiscal headroom has quickly dwindled.

In a hint of what could come, government minister Stephen Morgan told Wilfred Frost on Sky News Breakfast: “I hold dear the Labour values of making sure those that have the broadest shoulders pay, pay more tax.

“I think that’s absolutely right.”

He added that the government has already put a tax on private jets and on the profits of energy companies.

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UK sentences 2 men to prison over $2M cold-calling crypto scam

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UK sentences 2 men to prison over M cold-calling crypto scam

UK sentences 2 men to prison over M cold-calling crypto scam

Two men who admitted to running a crypto scheme that defrauded 65 investors have both been sentenced to over five years in prison.

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