The arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to crack down on the industry
The American Bankers Association claims that United States President Joe Biden’s move will “harm investors, customers, and ultimately the financial system.”
Labour has announced its plans to reduce net migration – with Sir Keir Starmer accusing the Conservatives of having “repeatedly broken their promises” to get the number down.
It marks another attempt by the Labour Party to appeal to Conservative voters.
Figures published after Rishi Sunak called the general election showed a net of 685,000 arrived in the UK last year – down from a record of 764,000 in 2022.
The 2023 figure is still three times the number in 2019 when the last election took place. The Conservatives promised in their manifesto that year to get net migration down.
In 2012, when the data from the Office for National Statistics starts, net migration was just under 200,000.
Sir Keir said he wanted to see any government he leads ban “the practices employed by businesses who exploit the migration system by illegally undercutting working conditions”.
More on Keir Starmer
Related Topics:
The announcement tonight mirrors policies proposed by shadow home secretary Yvette Cooper in November last year, and some bear similarities to current government objectives.
Sir Keir added: “With Labour, Britain will be less reliant on migration by training more UK workers.
Advertisement
“The Tories have repeatedly broken their promises to bring down net migration. Since 2010, they have published four manifestos promising to bring down net migration.”
The Labour leader said he wants to compel parts of Whitehall to cooperate so “migration triggers a plan to train UK workers and improve jobs”.
Employment sectors like health and construction that have been reliant on migration to fill “skill gaps” will be made to draw up workforce plans, with another pledge to reform the points-based migration system.
The aim, according to Labour, is to “fire up skills training rather than look overseas”.
One pledge is to ban employers and agencies that break employment law from hiring overseas workers.
Another is to stop the “workplace exploitation” of foreign workers being used to undercut wages.
Some in the Conservative Party have claimed Labour are rebranding policies the government has already enacted.
The government previously pledged to increase the threshold on salaries required for visas, and pledged to scrap “cut-price shortage labour from overseas” by scrapping discounts to visa salary requirements for those in short-staffed sectors.
Those employers looking to get on the shortage occupation list have to show they are also training domestic workers.
Conservative candidate Jonathan Gullis tweeted that “nobody buys” Sir Keir’s plans.
Follow Sky News on WhatsApp
Keep up with all the latest news from the UK and around the world by following Sky News
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
A spokesperson for Reform UK, which is campaigning heavily on reducing immigration, said: “Sir Keir’s first suggestion is to prosecute a law that already exists about illegally paying below minimum wage, the other is a pious wish.
“Labours offer is nothing new and will make no difference. If you want to make a change, Vote Reform to freeze immigration.”
However, this bears echoes of the 2019 promise to build 40 new hospitals by 2030 – something the government will not be able to do, according to the National Audit Office.
The report released last year found only 32 of the 40 new hospitals promised by Boris Johnson would be built by the end of the decade – and some may be too small.
The Conservatives also want to increase the range of treatments available for people at pharmacies, after previously introducing the scheme.
More on Conservatives
Related Topics:
They claim treating conditions such as acne and chest infections would free up 20 million GP appointments once fully fired up.
Rishi Sunak said: “The NHS is one of our most important national assets and the Conservatives are taking the long-term decisions to secure its future.
Advertisement
“As part of our clear plan we are investing in community services making it quicker, easier and more convenient for patients to receive the care they need and help to relieve pressure on hospital services.
“Only the Conservatives will take the bold action needed to secure the NHS’s future so that you can be safe in the knowledge that the NHS will be there for you and your family whenever you need it.”
It comes as the Tories continue to languish in the polls behind Labour.
Meanwhile, Chancellor Jeremy Hunt told the Mail on Sunday that his party’s tax cuts failed to draw in voters – and also said another cut would not have changed opinions.
He said: “The fact that we’ve had two significant tax cuts that haven’t really changed the polls demonstrates to me that having a third one with the same again is unlikely to change the calculus.”
He added: “The Bank of England’s view is that there’s an 18-month delay between changing interest rates and it impacting on people’s finances… so the idea that you have a drop in interest rates and suddenly everyone feels good… is to underestimate how people are making this decision.”
Follow Sky News on WhatsApp
Keep up with all the latest news from the UK and around the world by following Sky News
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
The government’s healthcare pledge will require an extra £1bn by the end of the decade, and will be funded by cutting NHS managers to pre-COVID levels and reducing the use of management consultants, they said.
Labour’s shadow health secretary Wes Streeting said: “The Conservatives have broken their manifesto promise to recruit more GPs, instead cutting 1,700 since 2016 and closing down more than 450 GP practices.
“Patients are finding it harder than ever before to see a GP, so why would they trust this latest empty promise?
“The doctor can’t see you now, and it will only get worse if the Tories are given another five years.
“Labour will train thousands more GPs and cut the red tape that ties up GPs’ time, so we can bring back the family doctor.”