Connect with us

Published

on

Rishi Sunak hopes three key moments this week will turn around his fortunes after his standing in the party plummeted.

The PM is hoping Monday’s speech on the economy, Wednesday’s end of term appearance before Tory MPs and new inflation figures due out the same day, which could be close to the Bank of England target of 2%, will stem the bleeding of his premiership.

The Politics at Jack and Sam’s podcast conducted a wide-ranging survey of the Tory party, across the main factions and wings, and found misery and despair, and a revived talk of changing leader if things do not improve.

? Listen above and tap here to follow wherever you get your podcasts ?

Although senior figures still put this at below 50%, it is now being widely discussed and is likely to revive if the party does not do well in the 2 May local elections, which is anticipated.

Sunak has lost some of the goodwill and support of the one nation group of moderate MPs, on top of the existing disquiet amongst Red Wall MPs.

This comes in particular after the handling of the race row involving Tory mega-donor Frank Hester, although is also a consequence of the lack of impact for the budget and defection of Lee Anderson have also contributed to the change in mood.

More on Conservatives

Rishi Sunak attends a Q&A at The Queens Hotel, a JD Wetherspoon pub in Maltby, Rotherham
Pic:Reuters
Image:
Pic: Reuters

“Previously the party – apart from hardcore Boris-ites and Trussites – thought that it would be ridiculous to have another change of leadership in this parliament. That feeling has been weakened by the polls not moving,” said one One Nation Tory.

“It is certainly true that if you can find someone who can be anointed leader in a coronation rather than a contest, it might be worth it to save 50-100 seats.”

Please use Chrome browser for a more accessible video player

‘Sunak will still be Tory leader at next general election’

One name that appears to fit the bill for several different parts of the Tory parliamentary party is Commons leader and two-time leadership contender Penny Mordaunt.

Some on the right say she might be their compromise candidate as she is pro-Brexit, performs well in the Commons, and would run a “balanced” government post-Sunak.

Leader of the House of Commons Penny Mordaunt delivers a speech during the Conservative Party annual conference at the Manchester Central convention complex. Picture date: Wednesday October 4, 2023. PA Photo. See PA story POLITICS Tories. Photo credit should read: Danny Lawson/PA Wire
Image:
Pic: Danny Lawson/PA Wire

A 2019 Tory MP told me for the podcast that they are getting spontaneous constituency correspondence saying “thank God Penny is in the running” and “I hope she’s the party’s future”.

However one source said she believes there is no way there could be a change of leader without a contest and believes there would have to be a general election straight away if Sunak went, making the job a lot less appealing.

Tory MPs will spend much of Monday together in the division lobbies to vote to reject amendments inserted by the House of Lords into the Rwanda bill, and there will be a better sense of the mood after that, we say on the Politics at Jack and Sam’s podcast.

Continue Reading

Politics

Chancellor Rachel Reeves says she is ‘totally’ up for the job of chancellor in first comments since tearful PMQs

Published

on

By

Chancellor Rachel Reeves says she is 'totally' up for the job of chancellor in first comments since tearful PMQs

The chancellor has said she was having a “tough day” yesterday in her first public comments since appearing tearful at Prime Minister’s Questions – but insisted she is “totally” up for the job.

Rachel Reeves told broadcasters: “Clearly I was upset yesterday and everyone could see that. It was a personal issue and I’m not going to go into the details of that.

“My job as chancellor at 12 o’clock on a Wednesday is to be at PMQs next to the prime minister, supporting the government, and that’s what I tried to do.

“I guess the thing that maybe is a bit different between my job and many of your viewers’ is that when I’m having a tough day it’s on the telly and most people don’t have to deal with that.”

Politics latest: PM sets out 10-year NHS plan

She declined to give a reason behind the tears, saying “it was a personal issue” and “it wouldn’t be right” to divulge it.

“People saw I was upset, but that was yesterday. Today’s a new day and I’m just cracking on with the job,” she added.

More on Rachel Reeves

Ms Reeves also said she is “totally” up for the job of chancellor, saying: “This is the job that I’ve always wanted to do. I’m proud of what I’ve delivered as chancellor.”

Pic: PA
Image:
Reeves was seen wiping away tears during PMQs. Pic: PA

Asked if she was surprised that Sir Keir Starmer did not back her more strongly during PMQs, she reiterated that she and the prime minister are a “team”, saying: “We fought the election together, we changed the Labour Party together so that we could be in the position to return to power, and over the past year, we’ve worked in lockstep together.”

PM: ‘I was last to appreciate’ that Reeves was crying

The chancellor’s comments come after the prime minister told Sky News’ political editor Beth Rigby that he “didn’t appreciate” that she was crying behind him at Prime Minister’s Questions yesterday because the weekly sessions are “pretty wild”, which is why he did not offer her any support while in the chamber.

He added: “It wasn’t just yesterday – no prime minister ever has had side conversations during PMQs. It does happen in other debates when there’s a bit more time, but in PMQs, it is bang, bang, bang. 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.”

Please use Chrome browser for a more accessible video player

Starmer explains to Beth Rigby his reaction to Reeves crying in PMQs

During PMQs, Tory leader Kemi Badenoch branded the chancellor the “human shield” for the prime minister’s “incompetence” just hours after he was forced to perform a humiliating U-turn over his controversial welfare bill, leaving a “black hole” in the public finances.

The prime minister’s watered-down Universal Credit and Personal Independent Payment Bill was backed by a majority of 75 in a tense vote on Tuesday evening – but a total of 49 Labour MPs voted against the bill, which was the largest rebellion in a prime minister’s first year in office since 47 MPs voted against Tony Blair’s lone parent benefit in 1997, according to Professor Phil Cowley from Queen Mary University.

Reeves looks transformed – but this has been a disastrous week for the PM

It is a Rachel Reeves transformed that appears in front of the cameras today, nearly 24 hours since one of the most extraordinary PMQs.

Was there a hint of nervousness as she started, aware of the world watching for any signs of human emotion? Was there a touch of feeling in her face as the crowds applauded her?

People will speculate. But Ms Reeves has got through her first public appearance, and can now, she hopes, move on.

The prime minister embraced her as he walked on stage, the health secretary talked her up: “Thanks to her leadership, we have seen wages rising faster than the cost of living.”

A show of solidarity at the top of government, a prime minister and chancellor trying to get on with business.

But be in no doubt today’s speech on a 10-year-plan for the NHS has been overshadowed. Not just by a chancellor in tears, but what that image represents.

A PM who, however assured he appeared today, has marked his first year this week, as Sky News’ political editor Beth Rigby put to him, with a “self-inflicted shambles”.

She asked: “How have you got this so wrong? How can you rebuild trust? Are you just in denial?”

They are questions Starmer will be grappling with as he tries to move past a disastrous week.

Ms Reeves has borne a lot of the criticism over the handling of the vote, with some MPs believing that her strict approach to fiscal rules has meant she has approached the ballooning welfare bill from the standpoint of trying to make savings, rather than getting people into work.

Ms Badenoch also 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 will, and Ms Badenoch interjected to say: “How awful for the chancellor that he couldn’t confirm that she would stay in place.”

Downing Street scrambled to make clear to journalists that Ms Reeves was “going nowhere”, and the prime minister has since stated publicly that she will remain as chancellor “for many years to come”.

Continue Reading

Politics

Bitcoin Suisse legal chief flags gaps in EU, Swiss stablecoin rules

Published

on

By

Bitcoin Suisse legal chief flags gaps in EU, Swiss stablecoin rules

Bitcoin Suisse legal chief flags gaps in EU, Swiss stablecoin rules

Peter Märkl, general counsel at Bitcoin Suisse, criticized both EU and Swiss stablecoin regulations as inadequate and burdensome.

Continue Reading

Politics

Tether narrows USDC’s lead on BitPay payment transactions in 2025

Published

on

By

Tether narrows USDC’s lead on BitPay payment transactions in 2025

Tether narrows USDC’s lead on BitPay payment transactions in 2025

BitPay’s USDC stablecoin transactions accounted for almost double that of USDT in 2024, but the trend has shifted in favor of Tether this year.

Continue Reading

Trending