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Union leaders have urged Sir Keir Starmer to be bolder with his vision for the country if he wants to win the next election and lead Britain out of decline.

In a message to the potential future incumbent of Downing Street, union chiefs said the Labour leader needed to offer a more positive message than simply being “better than the Conservatives”.

The choice words were delivered at the Trades Union Congress (TUC) annual conference in Liverpool, where issues like workers’ rights, the state of public services and the cost of living crisis are being hotly debated.

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Paul Novak, the new general secretary of the TUC, delivered a rousing speech on Monday, claiming the Conservatives have “broken Britain” and calling for change in the form of a Labour government.

But while Labour traditionally enjoys the support of unions, the party’s perceived move to the centre, with a focus on fiscal Conservatism, has attracted anger among the movement.

Sharon Graham, leader of Labour’s biggest union donor Unite, has accused the party of becoming a “1990s tribute act” to former prime minister Tony Blair.

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Despite winning three elections, she told Sky News that Sir Keir’s leadership needs to be more radical than then because there is less money in the public coffers to spend – and options such as wealth taxes and nationalising energy should be considered to raise capital.

In a reference to the post-war Labour government of Clement Attlee, which founded the NHS, she said: “Britain is in crisis. And what we need to do now is not to look back to 1997.

“What we need to do is be more like in 1945. The country needs a reboot and Labour needs to put policies forward that give it that reboot.”

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Sharon Graham calls on Labour to be ‘like 1945’

That sentiment was echoed by the leader of the PCS union that represents civil servants.

Mark Serwotka, a Labour member, said Sir Keir needs to offer a vision for people to vote for Labour “that is more than just ‘we’re better than the Conservatives'”.

He told Sky News: “Britain is in crisis. We’ve got people waiting for 15 hours in ambulances, schools being shut through crumbling concrete, a 180,000 backlog of asylum cases because of lack of staff and incredibly £45bn in uncollected tax because we don’t have enough staff in tax offices. A crisis needs urgent and radical action.”

Mr Serwotka called on Labour to offer things like free school meals, a record investment in public services and a clamp down on tax evasion.

He denied “singing from a different hymn sheet” to Mr Nowak, who urged the trade union movement to unite behind Labour “to kick this rotten government out”.

Mr Serwotka insisted: “I want to see a Labour government, but I don’t want to see a Labour government that comes in and tells people that they’ve ‘still got to live in poverty, there’s nothing much we can do about it’.

“The point of a Labour government is to offer hope to those currently in despair. And the way to do that is to say ‘we will be bold, we will invest in our communities’.”

Paul Nowak, general secretary of the TUC speaking at the TUC congress at the ACC Liverpool. Picture date: Monday September 11, 2023.
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Paul Nowak accused the Tories of having ‘broken Britain’

In a direct challenge to the Labour leader, he added: “If I had the chance to talk to Keir Starmer, I would say to him, enthuse those voters who didn’t vote Labour last time. Tell them why you would make a difference to their lives and you can win an election. But if you only rely on not being a Conservative, you risk winning the election. So be bold.”

Starmer: Labour ‘absolutely focused on future’

After more than a decade out of power, Sir Keir is hoping to become the first Labour prime minister to win at the ballot box since Mr Blair – who secured two more terms after his landslide victory in 1997.

He has sought to rebuild the party focusing on a more centrist style than his predecessor, Jeremy Corbyn, and has stressed the need for fiscal Conservatism amid bleak warnings about the state of the UK economy.

In recent months, he has rowed back on a number of big spending commitments, arguing Labour will only get into government if they are trusted to handle the public finances.

However, he insisted there is still “a lot of common ground” with trade unions when asked about the criticism.

Speaking ahead of a dinner with union leaders in Liverpool tonight, Sir Keir said: “The Labour Party is absolutely focused on the future, not the past, and the challenges that we will inherit if we’re privileged enough to go into government.

“The central challenge will be growing the economy. Within that is dignity and respect for working people in their working environment.”

Asked how he plans to keep unions on side, he added: “The Labour Party and the trade unions have had a long relationship together and we had a big session at the beginning of the summer where we agreed policy going forward.

“So what you’ll see here is a lot of common ground as we go towards what we know will be really huge challenges.”

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Millionaire former Tory donor defects to Reform

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Millionaire former Tory donor defects to Reform

Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.

Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.

Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.

He added: “He will take Reform UK Scotland to a new level.”

During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.

The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.

“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.

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“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.

“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.

“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”

The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.

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Claims made against Nigel Farage

Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.

Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.

Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.

Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.

A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.

On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.

Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.

“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.

The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation. 

If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.

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EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns

The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.

“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”

“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.

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Global stock market value by country. Source: Visual Capitalist

The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.

The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.

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