Connect with us

Published

on

It was a speech Sir Keir Starmer said he’d waited four years to give. And after the glitter was dusted off, there is no doubt the Labour leader was still basking in the afterglow the morning after what one colleague described as the “speech of his life”.

I’ve interviewed the Labour leader a number of times, at low and high points of his leadership, and the Keir Starmer on show this week was more assured and confident than I had seen before.

He might not say it publicly, but this is a man who thinks power is coming his way. And that’s because, coming out of this conference, Sir Keir believes Labour has “earned the right to” a hearing from the country.

“I knew what I needed to do, I’ve been wanting to give this speech for four years… I knew this conference was going to be about national renewal, I knew this years ago, we got the opportunity to do it, and there was a buzz in the room.”

It might seem curious to you that the Labour leader needs to even care that much when his party is 18 points ahead in the polls, according to our Sky News poll tracker. But hoping that the Tories lose the next election because voters are still fed up with them is risky. What if Rishi Sunak gets it together before polling day?

Sir Keir doesn’t just want the Tories to lose, he wants Labour to win.

PM won’t call election ‘because he thinks he’ll lose’, says Starmer

More on Keir Starmer

Please use Chrome browser for a more accessible video player

‘PM thinks he’ll lose election’

Yes, his speech was light on policy, although in our interview on Wednesday, he did go further on NHS waiting lists than before as he committed to whittling them back by five million by the end of his first term should Labour win a general election (Gordon Brown got waiting lists to 2.3 million in the last year of the last Labour government and Sir Keir vowed to do the same should he take the keys to Number 10).

More pledges and policies will be rolled out in the coming months. For Sir Keir the prize here in Liverpool for Labour was to start a national conversation and be heard – and in that, he and his team believe they have succeeded in that.

And the reason it really matters to Labour is voter volatility. While the vast majority of voters want change, a huge chunk of them are still not convinced the change is Labour.

To even begin to convince them it is, Sir Keir first has to get their attention. And even after that, the challenge remains huge. Sir Keir requires an even bigger swing than the record 10.2 per cent Sir Tony Blair achieved in 1997 to win a majority. He needs to gain over 120 seats to win outright.

A protester throws glitter on Britain's Labour Party Leader Keir Starmer at Britain's Labour Party annual conference in Liverpool, Britain, October 10, 2023. REUTERS/Phil Noble

Ask any shadow cabinet member if Labour is going to win the general election, and they know the drill: we are confident but not complacent, we won’t take the voters for granted.

For it could be a bumpy ride. The Conservative Party will come at Sir Keir on policy issues – be that on his green energy plans and immigration – and his character.

The most tense moments in our interview were undoubtedly when I pressed him on whether he regretted backing Jeremy Corbyn to be prime minister, given the former Labour leader had described Hamas as “friends”.

These will be exactly the questions political opponents will pose running into a general election as they look to put doubts about the Labour leader in voters’ minds.

Labour sources tell me Sir Keir’s speech has had “unusual levels of cut through”, helped by the glitter bombing and his reaction to it – which I’m told focus groups say showed he had “character” and was a leader who was “composed and calm”.

“The backdrop to all of this is a lack of trust in all politicians,” explained one Labour figure. “Delivery is hard in opposition but they are aware of how much Keir has changed the party in a short space of time and that gives an increasingly strong reason to believe.”

Glitter gone, a leader taking nothing for granted. But his response to Rishi Sunak’s assertion to me last week that a general election is “not what the country wants” says it all.

“He’s completely wrong about that,” Sir Keir told me: “What he really meant was he’s not happy to go to the electorate because he thinks he’ll lose.” Which presumably means Sir Keir thinks he’ll win.

Continue Reading

Politics

Crypto’s path to legitimacy runs through the CARF regulation

Published

on

By

Crypto’s path to legitimacy runs through the CARF regulation

Crypto’s path to legitimacy runs through the CARF regulation

The CARF regulation, which brings crypto under global tax reporting standards akin to traditional finance, marks a crucial turning point.

Continue Reading

Politics

Tokenized equity still in regulatory grey zone — Attorneys

Published

on

By

Tokenized equity still in regulatory grey zone — Attorneys

Tokenized equity still in regulatory grey zone — Attorneys

The nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments.

Continue Reading

Politics

Rachel Reeves hints at tax rises in autumn budget after welfare bill U-turn

Published

on

By

Rachel Reeves hints at tax rises in autumn budget after welfare bill U-turn

Rachel Reeves has hinted that taxes are likely to be raised this autumn after a major U-turn on the government’s controversial welfare bill.

Sir Keir Starmer’s Universal Credit and Personal Independent Payment Bill passed through the House of Commons on Tuesday after multiple concessions and threats of a major rebellion.

MPs ended up voting for only one part of the plan: a cut to universal credit (UC) sickness benefits for new claimants from £97 a week to £50 from 2026/7.

Initially aimed at saving £5.5bn, it now leaves the government with an estimated £5.5bn black hole – close to breaching Ms Reeves’s fiscal rules set out last year.

Read more:
Yet another fiscal ‘black hole’? Here’s why this one matters

Success or failure: One year of Keir in nine charts

Please use Chrome browser for a more accessible video player

Rachel Reeves’s fiscal dilemma

In an interview with The Guardian, the chancellor did not rule out tax rises later in the year, saying there were “costs” to watering down the welfare bill.

“I’m not going to [rule out tax rises], because it would be irresponsible for a chancellor to do that,” Ms Reeves told the outlet.

More on Rachel Reeves

“We took the decisions last year to draw a line under unfunded commitments and economic mismanagement.

“So we’ll never have to do something like that again. But there are costs to what happened.”

Meanwhile, The Times reported that, ahead of the Commons vote on the welfare bill, Ms Reeves told cabinet ministers the decision to offer concessions would mean taxes would have to be raised.

The outlet reported that the chancellor said the tax rises would be smaller than those announced in the 2024 budget, but that she is expected to have to raise tens of billions more.

It comes after Ms Reeves said she was “totally” up to continuing as chancellor after appearing tearful at Prime Minister’s Questions.

Please use Chrome browser for a more accessible video player

Why was the chancellor crying at PMQs?

Criticising Sir Keir for the U-turns on benefit reform during PMQs, Conservative leader Kemi Badenoch said the chancellor looked “absolutely miserable”, and questioned whether she would remain in post until the next election.

Sir Keir did not explicitly say that she would, and Ms Badenoch interjected to say: “How awful for the chancellor that he couldn’t confirm that she would stay in place.”

In her first comments after the incident, Ms Reeves said she was having a “tough day” before adding: “People saw I was upset, but that was yesterday.

“Today’s a new day and I’m just cracking on with the job.”

Please use Chrome browser for a more accessible video player

Reeves is ‘totally’ up for the job

Sir Keir also told Sky News’ political editor Beth Rigby on Thursday that he “didn’t appreciate” that Ms Reeves was crying in the Commons.

“In PMQs, it is bang, bang, bang,” he said. “That’s what it was yesterday.

“And therefore, I was probably the last to appreciate anything else going on in the chamber, and that’s just a straightforward human explanation, common sense explanation.”

Continue Reading

Trending