Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency (CBDC) as a remedy for the national economy.
Giving commentary on local television, Noguera expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024. In the official’s opinion, the key feature of the CBDC is its traceability, which would help the government to collect taxes:
“By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.”
The CBDC will also help to solve the nation’s monetary problem, as the unstable local currency, the Argentine peso, often competes with the United States dollar even as a payment method, according to Noguera.
Noguera spoke about the digital peso in a very definite manner, assuring that the CBDC would be introduced gradually, coexisting with cash, with a complete replacement of paper fiat currency happening at the final stage of the project.
On Oct. 2, Massa, who is also a presidential candidate, pledged to launch a CBDC if elected to “solve” Argentina’s long-lasting inflation crisis. According to election polls, Massa is slightly trailing Javier Milei, a pro-Bitcoin (BTC) and anti-central bank candidate who wants to adopt the U.S. dollar as Argentina’s currency.
As well as a 10-week jail sentence, Amesbury, 55, must pay £200 compensation to Mr Fellows.
Amesbury had been drinking in the town in his constituency where he lives before arriving at a taxi rank, where Mr Fellows approached him to complain about the closure of the Sutton Weaver swing bridge.
The court heard how, after punching Mr Fellows in the head and knocking him to the ground, Amesbury punched him a further five times on the ground before members of the public intervened.
As he was being held back, he told Mr Fellows: “You won’t threaten your MP again, will you?”
The victim suffered a lump on his head and a graze on his elbow in what the Crown Prosecution Service said was a “persistent assault”.
Image: MP Mike Amesbury outside Chester Ellesmere Port and Neston Magistrates’ Court. Pic: PA
Labour and Reform call for by-election
Amesbury’s future as an MP remains under question as his lawyer indicated he will appeal the sentence.
Otherwise, MPs who receive a custodial sentence, even if it is suspended, automatically trigger a recall petition which could result in a by-election if 10% of constituents sign it.
This will have to wait until the appeal period is over.
Labour suspended Amesbury from the party shortly after the incident, so he has been sitting as an independent.
They have said he will not be admitted back in and called for a by-election, saying his constituents “deserved better” after his “completely unacceptable actions”.
Reform UK also called for Amesbury “to do the honourable thing and resign immediately”.
‘Alarm bells will be ringing’ for PM
Sky News chief political correspondent Jon Craigsaid while Labour won the seat at last year’s election with a “fairly healthy majority” of more than 14,000, there will be “real nervousness” within the party about holding it.
Reform came second in Runcorn and Helsby at the general election and – given their lead in the national polls – Craig said “alarm bells will be ringing” for Sir Keir Starmer.
Image: Mike Amesbury was captured punching a man on CCTV
‘A necessary punishment’
Sentencing Amesbury, deputy senior district judge Tan Ikram said an immediate custodial sentence was “necessary as a punishment and a deterrent”.
The judge added Amesbury, who has been an MP since 2017, would serve 40% of his sentence in custody and will remain on licence for 12 months after his release.
Amesbury’s lawyer requested the judge return to the court moments after he was taken to the cells by two security guards, as he wanted to make a bail application while they appeal his sentence.
The judge returned to court, sat down, paused briefly and said: “Application refused.”
Amesbury will be taken to HMP Altcourse in Liverpool. Unlike many defendants, he did not appear to have a bag of belongings with him.
After pleading guilty, he described the incident as “highly regrettable” and apologised to Mr Fellows and his family outside the court.
Alison Storey, senior specialist prosecutor with the Crown Prosecution Service’s special crime division, said Amesbury’s victim did not react aggressively and was alone at the time of the assault.
The study – commissioned by thinktank the Energy and Climate Intelligence Unit (ECIU) – found for every £1 of value generated by the net zero economy, an additional £1.89 was created in the wider economy.
It report was published as the government increases efforts to meet a legally binding goal to cut greenhouse gas emissions to zero overall (that’s net zero) by 2050.
Some Conservative and Reform MPs have criticised net zero, electric cars and renewables, suggesting efforts to curb climate change are to blame for higher energy bills and the deindustrialisation of Britain.
But the report, with analysis from CBI Economics and the Data City, suggests the UK’s net zero economy is a significant driver of growth, innovation, and productivity.
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What’s inside Labour’s net zero plan?
Where is the growth happening?
Renewables, electric vehicles, low carbon heating, recycling and green finance are all part of the net zero sector.
Small and medium businesses with fewer than 250 employees are the main drivers of growth, and salaries are 15% higher than the UK average (£43,100, compared with £37,430).
Regions beyond London and the South East are where the net zero economy is growing significantly, the report found, boosting some of the country’s most deprived areas.
The West Midlands, Yorkshire and the Humber, and southwest England were the largest contributors, each more than 5% of the national total, while Scotland’s net zero economy has grown by 21.3% since 2022 – now worth £9.1bn.
Image: RWE’s Gwynt y Mor, off the coast of North Wales, is the world’s fifth largest offshore wind farm. Pic: Ben Birchall/PA
Tyne and Teesside was also highlighted as a hotspot thanks to a £1bn Nissan electric vehicle project, which includes a gigafactory for next-gen batteries. It is creating 6,200 jobs.
London and the South East are still leading the way, with £16.2bn and £13.1bn of green investment respectively.
Overall, the sector attracted £23bn of public, private and foreign direct investment – and each full-time job generated £105,000 in economic value, well above the UK average, the report found.
What are the Conservatives and Reform’s views on net zero?
Tory leader Kemi Badenoch has described herself as a “net zero sceptic” and her voting record shows she has largely opposed efforts to reduce greenhouse gas emissions.
She has also voted against banning fracking and called net zero targets “arbitrary”, saying they would “bankrupt” the UK.
The Conservatives’ manifesto from the 2024 election, when Rishi Sunak was leader, said the party was committed to a “pragmatic and proportionate” approach to net zero by 2050.
It said the party would invest £6bn in energy efficiency over three years to make one million homes warmer.
Reform has said it would impose taxes on the renewable energy sector and wants to scrap “net stupid zero” targets.
The party blames net zero policies for higher energy bills and deindustrialisation in the UK and believe green initiatives will make “zero difference to climate change”.
Deputy leader Richard Tice called renewable energy a “massive con” and promised Reform would recover subsidies paid to wind and solar companies.
‘You can’t have growth without green’
Energy Secretary Ed Miliband said the findings showed “net zero is essential to growth, a strong economy, and money in working people’s pockets”.
Making Britain “a clean energy superpower” will provide “energy security, good jobs, and investment in our communities”, he added.
Louise Hellem, chief economist at the CBI, said “there are huge emerging markets for green technologies that the UK must capitalise on”.
“It is clear, you can’t have growth without green,” she said.