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Gordon Brown has called on the government to carry out a “root and branch” review of Universal Credit amid growing poverty in the UK.

The former Labour prime minister told Sky News he was seeing a level of poverty “I never thought I would see in my lifetime again”, and it was the government’s “duty” to tackle it for people across the country.

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Speaking to Kay Burley, he said: “I grew up in a mining town, which is a textile town producing linoleum, with lots of slum housing, lots of real problems. And I thought that kind of poverty had gone.

“But it’s back now and you’ve got a million children last night who were not sleeping in a bed of their own… two million families that don’t have cookers and washing machines, and they can’t actually fend for the children the way they want to do.

“Kids are not cleaning their teeth because they can’t afford the toothpaste. And the soap is not being bought because it falls off the end of the off the shop when you have to buy the food and the food is costing more.”

Mr Brown, who is involved in creating so-called “multi-banks” – similar to foodbanks, but also offering bedding, furniture and hygiene products – said 2024 would be “a bigger test for us” than previous years to help those in need, adding: “I think we’ve got to do far more.”

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‘What can I do if I don’t have money?’

‘Far more children in poverty’

Asked by Kay Burley if the increase in poverty was down to the political choices of the current Conservative government, the former prime minister said: “Well, undoubtedly, Universal Credit needs to be looked at. I mean, it’s not working.

“The truth is that there are so many aspects of it that are problematical that there needs to be root and branch review of Universal Credit.

“The single person’s Universal Credit [payment] is a lower share of average earnings than at any point since the social security system started.

“So the government has got a responsibility and we’ve got to look at it.”

He added: “I am really worried about the state of poverty in Britain at the moment. And I really want people to focus on it because you don’t hear any government minister ever talking about poverty or about Universal Credit and how it needs to be reformed.

“It’s their duty to do something about it because in their midst and under their watch, far more children – more than four million children in this country – are in poverty.”

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‘They just can’t afford to keep their children’

Mr Brown also appealed for more businesses, big and small, to get involved in multi-banks, joining the likes of Amazon in providing goods for those in need.

Talking about a centre a charity runs in Wigan, he said: “On the first day it started, a father came in with his six-year-old son and said, ‘I can no longer afford to keep him’ and walked out. And the son was in absolute floods of tears – he was being deserted by his own father.

“And this is something that is going on at the moment.”

Mr Brown said that “neglect or domestic violence” were often not the reasons families are putting children into care in these circumstances.

“It’s because they just can’t afford to keep the children,” he added.

“And that’s something that we really should do something about because the cost of keeping a child in care is so high, but also it’s so unfair that that kid was being deserted by his father simply because his father didn’t have enough money.”

Sky News has contacted the Department for Work and Pensions for a response.

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Crypto self-custody is a fundamental right, says SEC’s Hester Peirce

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Crypto self-custody is a fundamental right, says SEC's Hester Peirce

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions.

“I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added:

“Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets.”

Privacy, SEC, Freedom, United States, Self Custody, Bitcoin Adoption, ETF
SEC commissioner Hester Peirce discusses the right to self-custody and financial privacy. Source: The Rollup

Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you’re doing something wrong, but it should be exactly the opposite presumption,” she said.

The comments came as the Digital Asset Market Structure Clarity Act, a crypto market structure bill that includes provisions for self-custody, anti-money laundering(AML) regulations, and asset taxonomy, is delayed until 2026, according to Senator Tim Scott.

Related: SEC to hold privacy and financial surveillance roundtable in December

Exchange-traded funds (ETFs) challenge Bitcoin’s self-custody ethos

Many large Bitcoin (BTC) whales and long-term holders are pivoting from self-custody to ETFs to reap the tax benefits and hassle-free management of owning crypto in an investment vehicle.

“We are witnessing the first decline in self-custodied Bitcoin in 15 years,” Dr. Martin Hiesboeck, the head of research at crypto exchange Uphold, said.