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Labour are promising to “get Britain’s future back” as the party meets for its annual conference.

Proceedings will kick off on Saturday with Labour Party‘s women’s conference, before the full summit commences on Sunday.

It follows the Conservative Party conference last week, which was beset by leaks about the scrapping of HS2 – as those hoping to succeed Rishi Sunak made a splash.

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Labour will be hoping to capitalise on its recent win in the Rutherglen and Hamilton West by-election.

Angela Rayner, who is the party’s deputy leader and shadow levelling up secretary, will tell delegates in Liverpool that Labour want “growth in all places for all people” – with “a decent job, a secure home and a strong community” for everyone.

According to the party, Ms Rayner will also “set out Labour’s plan to end the Tory housing emergency”.

More on Angela Rayner

Housing is one of many areas that delegates will be hoping to hear more details on, with some accusing the party of being light on detail with its policies, including issues such as the cancellation of HS2.

Business and the economy are other areas where Labour want to show they are ready for government.

The party is keen to show off that it has companies such as Gatwick Airport, Scottish Renewables, Specsavers, Ikea and McVities hosting stands for the first time – with the likes of John Lewis and Mastercard speaking to a “sold-out” business forum.

After Ms Rayner’s speech on Sunday, shadow chancellor Rachel Reeves will speak on Monday, with party leader Sir Keir Starmer on Tuesday.

It is during this speech that he will “outline plans to get Britain’s future back” – a slogan that Sir Keir has used before.

Read more:
Ten conference moments that made headlines

Who is Angela Rayner?

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Starmer: ‘We are the party of change’

Another policy pledge expected to be announced by Ms Rayner is the “biggest-ever transfer of power out of Westminster”, a policy touted last year at an event with former leader and ex-prime minister Gordon Brown.

Speaking on Friday, Sir Keir’s deputy said: “Rishi Sunak and the Tories have time and time again taken a sledgehammer to the foundations a good life can be built upon. Decent jobs, secure homes and strong communities are being snatched away from people.

“With five prime ministers in seven years and constant chaos and instability, Britain’s future has been left to take a back seat. The Tories’ legacy is national decline – a nation levelled down and starved of hope.

“While the Tories have stolen Britain’s future, it’s Labour that will give it back with our plan to make working people better off by securing growth for all people and in all places.”

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Anneliese Dodds, the chair of the Labour Party, said: “It is fantastic to be back in Liverpool for Labour’s annual conference.

“After 13 years of chaos and mismanagement under the Conservatives, people are struggling. Rishi Sunak has lost control of his party who are more interested in fighting among themselves than actually governing.

“In what is likely to be the final conference season before the general election, it has never been more clear that Labour has the plans to unlock growth, make our streets safe, secure the future of the NHS, break down barriers to opportunity and make the UK a green energy superpower.

“Let’s come together to get Britain’s future back.”

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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.

Read more:
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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.

Related: Bank of America backs 1%–4% crypto allocation, opens door to Bitcoin ETFs

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.

Related: Grayscale Chainlink ETF draws $41M on debut, but not ‘blockbuster’

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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