Connect with us

Published

on

Rishi Sunak will seek to refocus attention on the economy this week amid questions about how long his chancellor will remain in post.

Downing Street issued a statement in October saying: “The chancellor will be delivering the autumn statement in a few weeks’ time and the budget next spring.”

The latest Politics at Jack and Sam’s podcast episode discusses how, since then, Mr Sunak has clarified the election will not be until the second half of the year.

The preferred polling day is not thought to be until November, meaning there are now several months and possibly a further financial statement before polling day.

Prime Minister Rishi Sunak speaks with Eastleigh FC players and staff during a visit to Silverlake Stadium, in Eastleigh, Hampshire. Picture date: Friday January 19, 2024.
Image:
Prime Minister Rishi Sunak

Click to subscribe to Politics at Jack and Sam’s wherever you get your podcasts

This carefully worded statement, given by Number 10 sources amid speculation at the chancellor’s future in the autumn to The Times and The Sun, appeared to open the door to Jeremy Hunt being replaced after the spring budget.

Clare Coutinho, a close ally of Mr Sunak who was recently made energy secretary, is thought to be amongst the potential candidates, although others worry she does not have the experience.

More on Conservatives

Read more from Sky News:
Yousaf invites Starmer for talks
Shapps rejects claims the army will shrink further

Mr Hunt is now preparing the spring budget apparently not knowing whether it will be his last. He has insisted he will stand again in his Surrey seat at the election.

Sky News revealed last year there were questions by some around Mr Sunak whether Mr Hunt should continue in post. These claims were denied by Number 10 and he remained in post in the November reshuffle last year.

The Politics at Jack and Sam’s podcast also reveals concerns that the unusual strategy of talking up tax cuts may end up setting expectations too high.

The Treasury has not yet received its first preliminary forecast from the Office for Budget Responsibility, the financial watchdog, about how much money he may have to spend in the 6 March event.

Each penny on income tax would cost £7bn, and the latest report by Capital Economics suggested the chancellor may have around £14bn to spend.

Continue Reading

Politics

Japan wrote the first stablecoin rulebook — so why is the US pulling ahead?

Published

on

By

Japan wrote the first stablecoin rulebook — so why is the US pulling ahead?

Japan wrote the first stablecoin rulebook — so why is the US pulling ahead?

“Japan prizes systemic stability above innovation speed, while the US is signaling a bigger market-opening play,” said Startale Group’s Takashi Tezuka.

Continue Reading

Politics

Binance and Tether are watching Korea closely: Here’s why

Published

on

By

Binance and Tether are watching Korea closely: Here’s why

Binance and Tether are watching Korea closely: Here’s why

Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance.

Continue Reading

Politics

Nigel Farage’s deportation plan relies on these conditions – legal expert explains if it could work

Published

on

By

Nigel Farage's deportation plan relies on these conditions - legal expert explains if it could work

Explaining how they plan to tackle what they described as illegal migration, Nigel Farage and his Reform UK colleague Zia Yusuf were happy to disclose some of the finer details – how much money migrants would be offered to leave and what punishments they would receive if they returned.

But the bigger picture was less clear.

How would Reform win a Commons majority, at least another 320 seats, in four years’ time – or sooner if, as Mr Farage implied, Labour was forced to call an early election?

How would his party win an election at all if, as its leader suggested, other parties began to adopt his policies?

Politics latest: Starmer ‘angry’ about Farage’s language on migrant hotels

Highly detailed legislation would be needed – what Mr Farage calls his Illegal Migration (Mass Deportation) Bill.

But Reform would not have a majority in the House of Lords and, given the responsibilities of the upper house to scrutinise legislation in detail, it could take a year or more from the date of an election for his bill to become law.

Reform’s four-page policy document says the legislation would have to disapply:

The United Nations refugee convention of 1951, extended in 1967, which says people who have a well-founded fear of persecution must not be sent back to a country where they face serious threats to their life or freedom

The United Nations convention against torture, whose signatories agree not expel, return or extradite anyone to a country where there are substantial grounds to believe the returned person would be in danger of being tortured

The Council of Europe anti-trafficking convention, which requires states to provide assistance for victims

Please use Chrome browser for a more accessible video player

Farage sets out migration plan

According to the policy document, derogation from these treaties is “justified under the Vienna Convention doctrine of state necessity”.

That’s odd, because there’s no mention of necessity in the Vienna Convention on the law of treaties – and because member states can already “denounce” (leave) the three treaties by giving notice.

It would take up to a year – but so would the legislation. Only six months’ notice would be needed to leave the European Convention on Human Rights, another of Reform’s objectives.

Read more:
Women and children will be detained under Farage plans
Far right ’emboldened’ says MP as Starmer faces mounting pressure over immigration

Mr Farage acknowledged that other European states were having to cope with an influx of migrants. Why weren’t those countries trying to give up their international obligations?

His answer was to blame UK judges for applying the law. Once his legislation had been passed, Mr Farage promised, there would be nothing the courts could do to stop people being deported to countries that would take them. His British Bill of Rights would make that clear.

Courts will certainly give effect to the will of parliament as expressed in legislation. But the meaning of that legislation is for the judiciary to decide. Did parliament really intend to send migrants back to countries where they are likely to face torture or death, the judges may be asking themselves in the years to come.

They will answer questions such as that by examining the common law that Mr Farage so much admires – the wisdom expressed in past decisions that have not been superseded by legislation. He cannot be confident that the courts will see the problem in quite the same way that he does.

Continue Reading

Trending