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MPs are returning to Westminster on Monday for the rapidly accelerating downhill run to the next general election.

Thanks to Boris Johnson’s success in repealing the Fixed Term Parliament Act there is no precise guidance as to when that date with political destiny will be.

The next general election could even take place the year after next.

If this parliament runs right up to the constitutional buffers, the Commons would be dissolved on 17 December 2024, with the general election taking place no later than 28 January 2025.

Would the Conservatives be wise to campaign for last-gasp re-election through Christmas and the traditional January blues?

Probably not.

The general assumption is that the prime minister will have to screw up his courage and ask the King to call the general election during 2024.

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The nation faces months of torrid electioneering until then.

A Sunak win would go against the pattern of history

British politics since 2016 have been dominated by turmoil within the Conservative Party.

It is difficult to boast of any significant achievements by UK plc in that time.

Broken Britain and the Cost Of Living Crisis dominate the public conversation.

Opinion polls are consistently against the Conservatives.

In any case, Sir Anthony Seldon, chronicler of prime ministers, points out for Rishi Sunak to win “would be a unique historic achievement – no party since modern electoral politics were born in 1832 has won a fifth general election in a row”.

Yet that is what the prime minister is attempting.

An immediate Kamikaze early election to get it all over now is not on his agenda.

Sunak wants to celebrate his first anniversary as prime minister on 25 October.

He has just tinkered with a cabinet reshuffle and is planning to host an international conference on Artificial Intelligence as well as a King’s Speech on 7 November.

He spelt out his priorities for the new term before the summer recess in a speech to Tory MPs in the 1922 Committee: “When we come back in September we have a choice to make… do we come together and throw everything at winning the next election or not?

“I’ve made my choice, I’m all in with you to win.”

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Anger over Shapps appointment

By-elections will loom over conference season

Coming together will not be easy in the next few months, not least because MPs will not be legislating together very much.

They will be back at Westminster for barely a fortnight before going into recess until 16 October for an unusually prolonged party conference season.

Further recesses are likely before the King’s speech and for the autumn half-term.

A first order of business next week will be moving the writs – setting the dates – for the two pending by-elections in the seats vacated by Nadine Dorries in Mid-Bedfordshire and by the SNP’s Margaret Ferrier in Rutherglen & West Hamilton.

The results are bound to overshadow the conference season.

The Liberal Democrats meet in Bournemouth in the last week of September, followed in the first half of October by the Conservatives in Manchester, then Labour in Liverpool, and finally the SNP in Aberdeen.

No party can relax about these by-elections.

Expectations are highest for Labour.

Sir Keir Starmer‘s chances of leading a majority government will be boosted if Labour shows it can take back seats from the Scottish nationalists.

Capturing Mid Beds would be a record-breaking result, and act as smashing confirmation of Labour’s standing in the polls and its recent by-election victory in Selby & Ainsty.

Or not.

A split in votes between Labour, Liberal Democrat and independent candidates, could allow the Conservatives to hold on.

This would be a boost for Sunak whatever the underlying realities of the electoral arithmetic.

Tony Blair’s path to Labour’s victory in 1997 was famously likened to “a man carrying a priceless Ming vase across a highly polished floor”.

Starmer is currently attempting a similar feat.

Sunak’s hope is that some scandal, party row, or misjudgement makes his opponent drop the vase.

But Starmer is stolid and cautious and Labour looks as united as the feuding Tories look disunited.

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Tories are at loggerheads but will throw everything at it

Sunak hopes to use the legislative agenda to “throw everything” at winning the general election.

That means looking for wedge issues – which could cast the opposition in a bad light.

Unfortunately for him, as was shown in the aftermath of the surprise hanging on of Johnson’s former seat in Uxbridge & South Ruislip, the Conservatives are at loggerheads over what those policies should be.

In the clear-up session this month Tories are tussling in both the Lords and Commons over the Online Harms Bill, the Energy Bill and the proposed changes on housing and river pollution added to the Levelling-Up Bill by Michael Gove.

Conservative factions are also lining up to take each other on at the Conference – #CPC23 to its organisers.

Centrist “One Nation” Tories are rallying in advance while the Conservative Democratic Organisation is holding a black-tie dinner on the opening night in Manchester graced by right-wing luminaries including Priti Patel, Lord Frost and David Campbell Bannerman.

Nadine Dorries and Theresa May will be there too for the launch of their books, attacking the direction of the party from different sides.

Liz Truss, last year’s prime minister, is expected.

Johnson’s attendance plans are not known.

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Sunak will try to dispel divisions in his party with what he puts into his first King’s speech.

The programme for government is likely to be aspirational for the next government rather than offering immediate remedies for the state of the nation, along the lines of the government’s small boats, NHS and crime weeks during the summer break.

The reshuffle appointment of Sunak-loyalist Claire Coutinho as Energy Security Secretary will confirm fears of Conservatives such as Zac Goldsmith that the prime minister will deploy green policy scepticism as a wedge against Labour.

First-term MP Coutinho has no track record on the environment.

PM’s priorities offer a clue to election timing

The prime minister’s five pledges remain his priorities.

The most likely to succeed is halving inflation, or coming close to it.

Little more than warm words are expected in Chancellor Jeremy Hunt’s autumn statement.

By the Budget in March, some Tories think there may be a “soft spot” of economic optimism, allowing Hunt to tee up a spring election.

Most of those calling for this early vote belong to a “things can only get worse” tendency who fear a recession and still more mortgage pain later in 2024.

As they approach the end of their term, incumbent prime ministers often use local elections as a weathervane before calling a general election.

As things stand, Sunak has little to look forward to in next year’s set of elections in predominantly Labour-leaning metropolitan boroughs, featuring 10 high-profile mayoral contests, including in London and Greater Manchester.

A general election at the same time, on 2 May 2024, could soften the blow.

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Alternatively, if Sunak hesitates and the Conservatives do well against expectations, a June general election could follow.

Sunak’s deputy chief of staff has told his team to enjoy next month’s party conference because it could be the last before the election.

Conventional wisdom at Westminster is that this time next year the general election campaign will be under way – with a vote in October wiping out next year’s costly conference season.

In the most recently reported figures, Labour raised more money from donors than the Conservatives.

There has not been an autumn general election in the UK for 50 years.

Sometimes conventional wisdom can be wrong about the dates and the outcomes of elections.

For example, it cannot take account of external factors.

By next September it should be clearer which way the Ukraine war is heading and whether the United States is poised to re-elect Donald Trump.

We can be certain, however, that British politicians and voters are already caught up in a bitterly contentious long campaign to election day and beyond.

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Washington fueled the Bitcoin bubble, Peter Schiff says

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Washington fueled the Bitcoin bubble, Peter Schiff says

Washington fueled the Bitcoin bubble, Peter Schiff says

In an interview with Cointelegraph, economist Peter Schiff warns that Bitcoin’s gains are built on political and Wall Street support that may not last.

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What’s at stake for Sam Bankman-Fried’s long-awaited appeal?

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What’s at stake for Sam Bankman-Fried’s long-awaited appeal?

What’s at stake for Sam Bankman-Fried’s long-awaited appeal?

The former FTX CEO is currently serving a 25-year sentence in federal prison, but has the opportunity to get a new trial.

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Chancellor Rachel Reeves refuses to rule out manifesto-breaking tax hikes

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Chancellor Rachel Reeves refuses to rule out manifesto-breaking tax hikes

Rachel Reeves has refused to rule out breaking her manifesto pledge not to raise certain taxes, as she lays the groundwork ahead of the budget later this month.

Asked directly by our political editor Beth Rigby if she stands by her promises not to raise income tax, national insurance or VAT, the chancellor declined to do so.

She told Rigby: “Your viewers can see the challenges that we face, the challenges that are on [sic] a global nature. And they can also see the challenges in the long-term performance of our economy.”

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She went on: “As chancellor, I have to face the world as it is, not the world as I want it to be. And when challenges come our way, the only question is how to respond to them, not whether to respond or not.

“As I respond at the budget on 26 November, my focus will be on getting NHS waiting lists down, getting the cost of living down and also getting the national debt down.”

‘Each of us must do our bit’

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Ms Reeves’s comments to Rigby came after a highly unusual pre-budget speech in Downing Street in which she set out the scale of the international and domestic “challenges” facing the government.

What did Labour promise in their manifesto?

Rachel Reeves has refused to say whether she will hike taxes, but what exactly was her manifesto commitment last year?

She said: “We will ensure taxes on working people are kept as low as possible.

“Labour will not increase taxes on working people, which is why we will not increase national insurance, the basic, higher, or additional rates of income tax, or VAT.”

She also hinted at tax rises, saying: “If we are to build the future of Britain together, each of us must do our bit for the security of our country and the brightness of its future.”

Despite her promise that last year’s budget – which was the biggest tax-raising fiscal event since 1993 – was a “once in a parliament event,” the chancellor said that in the past year, “the world has thrown even more challenges our way,” pointing to “the continual threat of tariffs” from the United States, inflation that has been “too slow to come down,” “volatile” supply chains leading to higher prices, and the high cost of government borrowing.

She also put the blame squarely on previous Tory governments, accusing them of “years of economic mismanagement” that has “limited our country’s potential,” and said past administrations prioritised “political convenience” over “economic imperative”.

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Sky’s Beth Rigby said there will be ‘almighty backlash’ after budget, as chancellor failed to rule out breaking tax pledges.

Ms Reeves painted a picture of devastation following the years of austerity in the wake of the financial crisis, “instability and indecision” after that, and then the consequences of what she called “a rushed and ill-conceived Brexit”.

“This isn’t about re-litigating old choices – it’s about being honest with the people, about the consequences that those choices have had,” she said.

‘I don’t expect anyone to be satisfied with growth so far’

The chancellor defended her personal record in office so far, saying interest rates and NHS waiting lists have fallen, while investment in the UK is rising, and added: “Our growth was the fastest in the G7 in the first half of this year. I don’t expect anyone to be satisfied with growth of 1%. I am not, and I know that there is more to do.”

Amid that backdrop, Ms Reeves set out her three priorities for the budget: “Protecting our NHS, reducing our national debt, and improving the cost of living.”

Cutting inflation will also be a key aim in her announcements later this month, and “creating the conditions that [see] interest rate cuts to support economic growth and improve the cost of living”.

She rejected calls from some Labour MPs to relax her fiscal rules, reiterating that they are “ironclad,” and arguing that the national debt – which stands at £2.6trn, or 94% of GDP – must come down in order to reduce the cost of government borrowing and spend less public money on interest payments to invest in “the public services essential to both a decent society and a strong economy”.

She also put them on notice that cuts to welfare remain on the government’s agenda, despite its humiliating U-turn on cuts to personal independence payments for disabled people earlier this year, saying: “There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education or employment.”

Chancellor Rachel Reeves delivered a highly unusual pre-budget speech from Downing Street. Pic: PA
Image:
Chancellor Rachel Reeves delivered a highly unusual pre-budget speech from Downing Street. Pic: PA

And the chancellor had a few words for her political opponents, saying the Tories’ plan for £47bn in cuts would have “devastating consequences for our public services,” and mocked the Reform UK leadership of Kent County Council for exploring local tax rises instead of cuts, as promised.

Concluding her speech, Ms Reeves vowed not to “repeat those mistakes” of the past by backtracking on investments, and said: “We were elected to break with the cycle of decline, and this government is determined to see that through.”

‘Reeves made all the wrong choices’

In response to her speech, Conservative shadow chancellor Sir Mel Stride wrote on X that “all she’s done is confirm the fears of households and businesses – that tax rises are coming”.

He wrote: “The chancellor claims she fixed the public finances last year. If that was true, she would not be rolling the pitch for more tax rises and broken promises. The reality is, she fiddled the fiscal rules so she could borrow hundreds of billions more.

“Every time the numbers don’t add up, Reeves blames someone else. But this is about choices – and she made all the wrong ones. If Rachel Reeves had the backbone to get control of government spending – including the welfare bill – she wouldn’t need to raise taxes.”

He called for her to resign if she raises taxes.

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