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Rishi Sunak warned the world is now “more volatile and dangerous” than at any time since the Cold War, as the prime minister embarked on a trip to Poland and Germany to discuss the threat of expansionist Russia and refocus the world’s eyes back on to Ukraine.

Speaking to journalists on the flight over to Poland, the prime minister said we were “unfortunately living in a world that is more dangerous than we’ve known it in decade, probably more dangerous than the end of the Cold War”, adding that this was why it was “important in that we do invest more in our defence and that’s what we’ve been doing”.

“My first priority is to keep people safe, and you’re right, I have been honest with people that the world is less safe than it has been in decades and my job, indeed my obligation, is to invest to keep the country safe, and that’s what I’m doing.”

Announcing a further £500m of military support being sent to Ukraine – taking the UK’s total support this year to £3bn – the prime minister told journalists he was “proud” the UK had led on supporting Ukraine and also told European allies it was “important” for Europeans to invest in security in these volatile times.

“We’re stepping up because that is what the situation demands and requires,” he said.

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“And if we are joined by other European partners in that it is important that Europeans invest in their own security,” he told Sky News.

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“[It was] very welcome news over the weekend from the US, but that doesn’t take away from the need for Europeans to invest in their security.

“I am very proud that the UK has always led in that regard. We are Europe’s largest defence spender and one of the few countries that’s consistently met the 2% NATO pledge and today’s action is another example of us leading by example.”

The prime minister is joined on this trip by his Chancellor Jeremy Hunt and Defence Secretary Grant Shapps, raising expectations that the prime minister might be making a bigger funding commitment on defence as he comes back on to the world stage. He will meet Polish Prime Minister Donald Tusk, NATO secretary general Jens Stoltenberg and German Chancellor Olaf Scholz over the next 24 hours.

The UK on Monday committed its largest ever donation of kit, including more than 400 vehicles, more than 1,600 missiles and 4m rounds of ammunition to the Ukraine war effort as Russia makes inroads.

“They have asked and we have answered,” said the prime minister as he warned that Mr Putin “will not stop at the Polish border” if Russia defeats Ukraine.

But having raided the UK’s arsenal to send to equipment to Ukraine, the next obvious question is whether the prime minister will finally lift the UK’s defence spending to 2.5% of GDP in the face of the growing threat of Russia and China.

The drumbeat is getting louder with two ministers last month – Anne-Marie Trevelyan and Tom Tugendhat – publicly urging the government to invest at a “much greater pace”.

The chancellor has said spending above the 2% NATO target would rise to this figure “as soon as economic conditions allow”.

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The House of Commons spending watchdog – the Public Accounts Committee – has warned the gap between the Ministry of Defence budget and cost of the UK’s desired military capabilities has risen by £16.9bn – the largest deficit ever – despite a promised injection of over £46bn over the next decade.

Fresh from victory on the passing of his landmark Rwanda legislation and emphatic that a regular rhythm hour of flights will be taking off from July, the trip to Europe is part of a publicity blitz as the embattled prime minister looks to get on the front foot ahead of next week’s local elections, aware that a disastrous night could put him not just back on to his heels but into free fall.

Kyiv’s weapons pile has been depleted, with a $60bn military aid package held up in the US Congress for months. The House of Representatives finally approved the funding at the weekend, with the deal now awaiting approval in the Senate, which should mean American weapons should start flowing into Ukraine in the coming days.

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BIT Mining to pay $10M fine for bribing Japanese politicians in former life

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BIT Mining to pay M fine for bribing Japanese politicians in former life

BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019.

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Coinbase CEO to meet with Trump to discuss personnel appointments — WSJ

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Coinbase CEO to meet with Trump to discuss personnel appointments — WSJ

Before US Election Day, Brian Armstrong said Coinbase was “prepared to work” with either a Kamala Harris or Donald Trump administration.

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Row over how many farms will be affected by inheritance tax policy – as PM doubles down ahead of farmers protest

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Row over how many farms will be affected by inheritance tax policy - as PM doubles down ahead of farmers protest

Sir Keir Starmer has insisted the “vast majority of farmers” will not be affected by changes to Inheritance Tax (IHT) ahead of a protest outside parliament on Tuesday.

It follows Chancellor Rachel Reeves announcing a 20% inheritance tax that will apply to farms worth more than £1m from April 2026, where they were previously exempt.

But the prime minister looked to quell fears as he resisted calls to change course.

Speaking from the G20 summit in Brazil, he said: “If you take a typical case of a couple wanting to pass a family farm down to one of their children, which would be a very typical example, with all of the thresholds in place, that’s £3m before any inheritance tax is paid.”

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The comments come as thousands of farmers, including celebrity farmer Jeremy Clarkson, are due to descend on Whitehall on Tuesday to protest the change.

And 1,800 more will take part in a “mass lobby” where members of the National Farmers’ Union (NFU) will meet their MPs in parliament to urge them to ask Ms Reeves to reconsider the policy.

Speaking to broadcasters, Sir Keir insisted the government is supportive of farmers, pointing to a £5bn investment announced for them in the budget.

He said: “I’m confident that the vast majority of farms and farmers will not be affected at all by that aspect of the budget.

“They will be affected by the £5bn that we’re putting into farming. And I’m very happy to work with farmers on that.”

Sir Keir’s spokesman made a similar argument earlier on Monday, saying the government expects 73% of farms to not be affected by the change.

Environment, Farming and Rural Affairs Secretary Steve Reed said only about 500 out of the UK’s 209,000 farms would be affected, according to Treasury calculations.

However, that number has been questioned by several farming groups and the Conservatives.

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Farming industry is feeling ‘betrayed’ – NFU boss

Government figures ‘misleading’

The NFU said the real number is about two-thirds, with its president Tom Bradshaw calling the government’s figures “misleading” and accusing it of not understanding the sector.

The Country Land and Business Association (CLA) said the policy could affect 70,000 farms.

Conservative shadow farming minister Robbie Moore accused the government last week of “regurgitating” figures that represent “past claimants of agricultural property relief, not combined with business property relief” because he said the Treasury does not have that data.

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Farmers' tractor protest outside the Welsh Labour conference in Llandudno, North Wales
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Welsh farmers carried out a protest outside the Welsh Labour conference in Llandudno, North Wales, over the weekend

Agricultural property relief (APR) currently provides farmers 100% relief from paying inheritance tax on agricultural land or pasture used for rearing livestock or fish, and can include woodland and buildings, such as farmhouses, if they are necessary for that land to function.

Farmers can also claim business property relief (BPR), providing 50% or 100% relief on assets used by a trading business, which for farmers could include land, buildings, plant or machinery used by the business, farm shops and holiday cottages.

APR and BPR can often apply to the same asset, especially farmed land, but APR should be the priority, however BPR can be claimed in addition if APR does not cover the full value (e.g. if the land has development value above its agricultural value).

File pic: iStock
Image:
APR and BPR can apply to farmland, which the Conservatives say has been overlooked by the Treasury in compiling its impact figures. File pic: iStock

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Mr Moore said the Department for the Environment, Farming and Rural Affairs (DEFRA) and the Treasury have disagreed on how many farms will be impacted “by as much as 40%” due to the lack of data on farmers using BPR.

Lib Dem MP Tim Farron said last week1,400 farmers in Cumbria, where he is an MP, will be affected and will not be able to afford to pay the tax as many are on less than the minimum wage despite being asset rich.

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