Humza Yousaf: Political future of Scotland’s first minister hangs in the balance as Greens back no-confidence motion
The Scottish Green Party will join with rival MSPs to back a no-confidence motion in First Minister Humza Yousaf next week, after the SNP kicked its coalition partners out of government.
Mr Yousaf announced his plan to cut ties with the Greens earlier on Thursday, following a bitter row over the SNP’s climbdown on climate targets.
And soon after, the Scottish Conservatives announced it would lodge a vote of no-confidence in him, claiming the first minister had “failed” in his role and had “focused on the wrong priorities for Scotland”.
Analysis: Humza Yousaf’s defeated leadership rival could hold the key to his political fate
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Both Labour and the Liberal Democrats agreed to back the motion, with its success hanging on whether Green Party MSPs joined the attack to give SNP critics a majority in Holyrood.
Its co-leaders Patrick Harvie and Lorna Slater have now confirmed their party they will join forces to condemn Mr Yousaf’s leadership, with Green sources telling Sky News there was serious anger among the ousted party.
How Mr Yousaf’s ex-SNP leadership rival could be crucial in vote
In the Scottish parliament, the SNP has 63 seats out of 129, two short of an outright majority.
The Greens have seven, the Conservatives 31, Labour has 22, the Liberal Democrats have four, there is one Alba MSP Ash Regan – an ex-SNP leadership rival of Mr Yousaf’s – and there is also presiding officer Alison Johnstone who is both an MSP and Scotland’s equivalent of the Commons speaker.
If Ms Regan, who was formerly part of the SNP but defected to Alex Salmond’s Alba Party last October, backs Mr Yousaf then that would mean both sides having 64 votes, and Ms Johnstone would be expected to vote in favour of the status quo, so the first minister would survive.
But if Ms Regan votes against Mr Yousaf, then the opposition parties will have 65 votes against the SNP’s 63, and the first minister would lose.
Former SNP leadership candidate Ash Regan defected to the Alba Party last October. Pic: PA
If the no-confidence vote passes, it will still be up to Mr Yousaf to decide on how to respond. However, it puts increasing pressure on his position if he fails to hold the confidence of the majority of the parliament.
However, if a no-confidence vote was passed on the government, the SNP administration would have to resign and appoint a new first minister within 28 days or call an election.
Speaking at a news conference, Mr Harvie said: “Humza Yousaf becoming first minister was on the basis of a political cooperation which both parties members signed in good faith, which Humza Yousaf endorsed, and even two days ago was still endorsing.
“He’s now chosen to end that. That’s his decision and it can’t come without consequences.”
Scottish Green Party co-leaders Lorna Slater and Patrick Harvie were ousted from government on Thursday. Pic: PA
Both he and Ms Slater denied that supporting the no-confidence vote was “revenge”.
Mr Harvie added: “This is about how we achieve the greatest political change for Scotland.
“Humza Yousaf has decided to abandon the vehicle that was delivering that progressive change for Scotland. We think that’s a profound mistake.”
The power-sharing deal between the SNP and the Greens was made in 2021, after Nicola Sturgeon’s party came in just shy of an outright majority in the Holyrood election of the same year.
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Both backers of Scottish independence, the Bute House Agreement between the parties – named after the first minister’s official residence in Edinburgh – brought the Greens into government for the first time anywhere in the UK, with both Ms Slater and Mr Harvie given ministerial posts.
But signs that the agreement was running into difficulty came after the Scottish government scrapped its commitment to cut emissions by 75% by 2030.
The Greens were also dismayed at the pause of puberty blockers in the wake of the landmark Cass review of gender services for under-18s in England and Wales.
The party had been expected to hold a vote on the future of the agreement, but before they got a chance, Mr Yousaf summoned his cabinet and announced on Thursday that the deal had “served its purpose”.
The first minister said he hoped to pursue a “less formal” agreement with his former partners and heralded what he called a “new beginning” for the SNP, saying his decision showed “leadership”.
But with the Greens now ready to join those against the SNP, there is a possibility it could instead prompt an end to his premiership.
US Representative Stephen Lynch pressed Federal Reserve Vice Chair Michelle Bowman on Tuesday over her past remarks encouraging banks to “engage fully” with digital assets, questioning the Fed’s role in advancing crypto frameworks while showing confusion over the definition of stablecoins.
In a Tuesday oversight hearing, Lynch asked Bowman, the Fed vice chair for supervision, about remarks she had made at the Santander International Banking Conference in November. According to the congressman, Bowman said she supported banks “[engaging] fully” with respect to digital assets.
However, according to Bowman’s comments at the conference, she referred to “digital assets” rather than specifically cryptocurrencies. The questioning turned into Lynch asking Bowman about distinctions between digital assets and stablecoins.
The Fed official said that the central bank had been authorized by Congress — specifically, the GENIUS Act, a bill aimed at regulating payment stablecoins — to explore a framework for digital assets.
“The GENIUS Act requires us to promulgate regulations to allow these types of activities,” said Bowman.
While the price of many cryptocurrencies can be volatile, stablecoins, like those pegged to the US dollar, are generally “stable,” as the name suggests. Though there have been instances where some coins have depegged from their respective currencies, such as the crash of Terra’s algorithmic stablecoin in 2022, the overwhelming majority of stablecoins rarely fluctuate past 1% of their peg.
Related: Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026
Bowman said in August that staff at the Fed should be permitted to hold small “amounts of crypto or other types of digital assets” to gain an understanding of the technology.
FDIC acting chair says stablecoin framework is coming soon
Also testifying at the Tuesday hearing was Travis Hill, acting chair of the Federal Deposit Insurance Corporation. The government agency is one of many responsible for implementing the GENIUS Act, which US President Donald Trump signed into law in July.
According to Hill, the FDIC will propose a stablecoin framework “later this month,” which will include requirements for supervising issuers.
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Over a third of people think Rachel Reeves exaggerated economic bad news in the run-up to the budget – twice as many as thought the chancellor was being honest, a new Sky News poll has found.
Some 37% told a YouGov-Sky News poll that Ms Reeves made out things were worse than they really are. This is much higher than the 18% who said she was broadly honest, and the 13% who said things were better than she presented.
This comes in an in-depth look at the public reaction to the budget by YouGov, which suggests widespread disenchantment in the performance of the chancellor.
Just 8% think the budget will leave the country as a whole better off, while 2% think it will leave them and their family better off.
Some 52% think the country will be worse off because of the budget, and 50% think they and their family will be worse off.
This suggests the prime minister and chancellor will struggle to sell last week’s set-piece as one that helps with the cost of living.
Some 20% think the budget worried too much about help for older people and didn’t have enough for younger people, while 23% think the reverse.
The poll found 57% think the chancellor broke Labour’s election promises, while 13% think she did not and 30% are not sure. Some 54% said the budget was unfair, including 16% of Labour voters.
And it arguably gets worse…
This comes as the latest Sky News-Times-YouGov poll showed Labour and the Tories are now neck and neck among voters.
The two parties are tied on 19% each, behind Reform UK on 26%. The Greens are on 16%, while the Liberal Democrats are on 14%.
This is broadly consistent with last week, suggesting the budget has not had a dramatic impact on people’s views.
However, the verdict on Labour’s economic competence has declined further post-budget.
Asked who they would trust with the economy, Labour are now on 10% – lower than Liz Truss, who oversaw the 2022 mini-budget, and also lower than Jeremy Corbyn in the 2019 election.
The Tories come top of the list of parties trusted on the economy on 17%, with Reform UK second on 13%, Greens on 8% and Lib Dems on 5%. Nearly half, 47%, don’t know or say none of them.
Only 57% of current Labour voters say the party would do the best job at managing the economy, falling to 25% among those who voted Labour in the 2024 election.
Some 63% of voters think Ms Reeves is doing a bad job, including 20% of current Labour voters, while just 11% of all voters think she is doing a good job.
A higher proportion – 69% – think Sir Keir Starmer is doing a bad job.
Paul Atkins, chair of the US Securities and Exchange Commission, said that the agency can continue advancing digital asset regulation without legislation from Congress, signaling his expectations for the industry in 2026.
In a CNBC interview released on Tuesday, Atkins said the SEC was providing “technical assistance” as Congress considered legislation for digital asset regulation, likely referring to the market structure bill working its way through the US Senate. Atkins said that although the agency’s operations were impacted by the longest US government shutdown in the country’s history, he continued to make progress on “rules that are focused on helping [the crypto] sector.”
“We have enough authority to drive forward,” said Atkins. “I’m looking forward to having an innovation exemption that we’ve been talking about now. We’ll be able to get that out in a month or so.”
Atkins, whom the US Senate confirmed to chair the SEC in April after his nomination by US President Donald Trump, has taken steps to reduce the number of enforcement actions against crypto companies, including by issuing no-action letters for decentralized physical infrastructure networks.
His actions align with many of the policy directives from the White House under Trump, who has issued several executive orders touching on crypto and blockchain.
Related: Republicans urge action on market structure bill over debanking claims
The SEC chair rang the opening bell at the NYSE on Tuesday, outlining his plans for the agency “on the cusp of America’s 250th anniversary.”
US regulators are still awaiting progress on a market structure bill
Lawmakers on the US Senate Agriculture Committee and the Senate Banking Committee are taking steps to move forward with a digital asset market structure bill, which will outline the regulatory authority of agencies, including the SEC and Commodity Futures Trading Commission, over cryptocurrencies.
Senate Banking Chair Tim Scott said that the committee planned to have the bill ready for markup in December.
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