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The Tories have been taken over by “crackpots and conspiracy theorists”, Wes Streeting said as he defended Labour’s appeal to voters.

Appearing on Sky News’ Sunday Morning with Trevor Phillips programme, the shadow health secretary rejected criticism that his party under Sir Keir Starmer’s leadership is “a bit wet”.

He said he was “proud” Labour is “appealing to the country rather than repelling people” when “the cranks, the crackpots and the conspiracy theorists” have taken over the Conservative Party.

Politics Live: Israeli ambassador on ‘nightmare’ Hamas attack

Pointing to comments made by Transport Secretary Mark Harper – who last week claimed local councils want to “decide how often you go the shops” – Mr Streeting added: “When you’ve got cabinet ministers, notionally serious cabinet ministers like Mark Harper on your programme this morning, peddling conspiracy theories as if he’s been doom-scrolling TikTok trying to find the most bonkers things to say from the conference platform – what are these people doing?

“And how on earth does this address the biggest crises in our country?”

Mr Streeting was responding to criticism from the head of Labour’s biggest donor, who last night warned the party against being “too timid” and “limping into Number 10”.

More on Keir Starmer

Sharon Graham, the general secretary of Unite, said she wanted the party to resemble the reforming Labour government of 1945 led by Clement Attlee in the aftermath of the Second World War, when the NHS was founded.

Mr Streeting made the point that Labour’s new plan to spend £1.1bn providing another two million NHS appointments during evenings and weekends is an example of its ambition.

The measure forms part of Labour’s NHS proposals – including extra scanners and dental reforms – worth around £1.6bn, but it relies on NHS staff volunteering for extra shifts despite the lure of lucrative private work.

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Heckler interrupts Angela Rayner’s speech

Labour peer Peter Mandelson said he agreed with Ms Graham that “we need more than policy tweaks and we need more than small twists of the policy dial”.

However, he said Sir Keir needs to continue doing what he’s doing “taking the party from being ‘weird’ to ‘normal’.”

RMT boss Mick Lynch also called on Labour to be bolder, telling Sky News: “There’s no point in being timid or hiding your light under a bushel. People need something to vote for, not just something to vote against.”

It comes as Labour members gather in Liverpool for what could be the final Labour conference before the expected general election next year.

Wordcloud about Keir Starmer. Pic: BBC
Image:
Word cloud about Keir Starmer. Pic: BBC

Read More:
Analysis: Starmer cannot afford to be ‘boring’

Starmer needs to give people a reason to vote Labour
Tories ‘infected by dishonesty epidemic’

After its dire performance at the last election, the party has been buoyed by consistent double-digit poll leads over the Tories and the recent Rutherglen and Hamilton West by-election triumph over the SNP.

Speaking to the BBC, Sir Keir said he wanted to use the conference to change people’s minds about those who aren’t convinced by him.

Confronted with a word cloud that suggested the public thought “nothing” about him, he said: “I’ve had a lot worse thrown at me in my life… that is why this week is so important for us.

“We come here to this, the last conference before a general election, to set out our positive case.”

In other developments as the conference started on Sunday:

  • Sir Keir said his plan to grow the economy would raise money to invest in public services – but would not say what would happen if the economy doesn’t grow
  • The Labour leader restated a commitment to build 1.5 million homes over a five-year term, and said he would scrap the Rwanda deportation plan even if it’s approved by the courts and brings down Channel crossings
  • Deputy leader Angela Rayner gave a speech which was interrupted by a heckler talking about the NHS
  • The speech addressed rental reforms, housing and workers’ rights but did not contain new policy

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Prediction markets bet on Coinbase-linked Hassett as top Fed pick

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Prediction markets bet on Coinbase-linked Hassett as top Fed pick

Prediction markets Polymarket and Kalshi view Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair.

The odds of Hassett filling the seat have spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is widely viewed as crypto‑friendly thanks to his past role on Coinbase’s advisory council, a disclosed seven‑figure stake in the exchange and his leadership of the White House digital asset working group.​

Founder and CEO of Wyoming-based Custodia Bank, and a prominent advocate for crypto-friendly regulations, Caitlin Long, commented on X:

“If this comes true & Hassett does become Fed chairman, anti-#crypto people at the Fed who still hold positions of power will finally be out (well, most of them anyway). BIG changes will be coming to the Fed.”

Source: Polymarket Money

Related: Crypto-friendly Trump adviser Hassett top pick for Fed chair: Report

Kevin Hassett’s crypto credentials

Hassett is a long-time Republican policy economist who returned to Washington as Trump’s top economic adviser and has now emerged as the market-implied frontrunner to lead the Fed.

His financial disclosure reveals at least a seven‑figure Coinbase stake and compensation for serving on the exchange’s Academic and Regulatory Advisory Council, placing him unusually close to the crypto industry for a potential Fed chair.​

Still, crypto has been burned before by reading too much into “crypto‑literate” resumes. Gary Gensler arrived at the Securities and Exchange Commission with MIT blockchain courses under his belt, but went on to preside over a wave of high‑profile enforcement actions, some of which critics branded as “Operation Chokepoint 2.0.”

A Hassett-led Fed might be more open to experimentation and less reflexively hostile to bank‑crypto activity. Still, the institution’s mandate on financial stability means markets should not assume a one‑way bet on deregulation.​

Related: Caitlin Long’s crypto bank loses appeal over Fed master account

Supervision pushback inside the Fed

The Hassett odds have jumped just as the Fed’s own approach to bank supervision has received pushback from veterans like Fed Governor Michael Barr, who earned his reputation as one of Operation Chokepoint 2.0’s key architects.

According to Caitlin Long, while he Barr “was Vice Chairman of Supervision & Regulation he did Warren’s bidding,” and he “has made it clear he will oppose changes made by Trump & his appointees.”

On Nov. 18, the Fed released new Supervisory Operating Principles that shift examiners toward a “risk‑first” framework, directing staff to focus on material safety‑and‑soundness risks rather than procedural or documentation issues.

In a speech the same day, Barr warned that narrowing oversight, weakening ratings frameworks and making it harder to issue enforcement actions or matters requiring attention could leave supervisors slower to act on emerging risks, arguing that gutting those tools may repeat pre‑crisis mistakes.​

Days later, in Consumer Affairs Letter 25‑1, the Fed clarified that the new Supervisory Operating Principles do not apply to its Consumer Affairs supervision program (an area under Barr’s committee as a governor).

If prediction markets are right and a crypto‑friendly Hassett inherits this landscape, his Fed would not be writing on a blank slate but stepping into an institution already mid‑pivot on how hard (and where) it leans on banks.