Target Towns: Voters in Grimsby have their say on Politics Hub With Sophy Ridge

Published

11 months ago

April 26, 2024

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Voters in Grimsby – one of Sky News’s election Target Towns – have been offering their views on politics, politicians and “broken promises”.

The electoral battle in Grimsby and Cleethorpes, the Target Towns, will be fierce. Labour will need an 11.7 point swing to win this newly-merged constituency back from the Conservatives.

In 2019, residents in Grimsby voted Tory for the first time since the end of the Second World War. The old Cleethorpes constituency was always more of a bellwether, having voted Conservative since 2010.

However, it has shed some of its rural, Conservative-voting residents in the merger.

Politics live: Why have politicians lost people’s trust?

Speaking on the Politics Hub With Sophy Ridge, small business owner Shannon said she might not vote in the next general election later this year as she “just can’t trust anything anybody says”.

She said she has felt this way since Brexit – something Grimsby was overwhelmingly in support of – because “we were promised ‘x’ and ‘y’ and it hasn’t happened, so I’m just totally disengaged from it”.

Asked whether local MPs on the panel – Conservative Lia Nici and Labour’s Melanie Onn – could change her mind, Shannon said “possibly”, but reiterated how let down local people feel.

“We’re promised a lot, but it’s never delivered,” she said. “Talk of things happening… and then it doesn’t happen and people are just fed up… have been told this is what we’re going to get, but it doesn’t actually happen. And that’s why people have just lost faith.”

‘Lack of leadership’

Steven told Sophy Ridge that he will “force” himself to vote at the election as “you should”, but he doesn’t believe there is anyone worth voting for.

“I find politics almost unbelievable,” he added. “It’s nothing to believe in. There’s no one to believe in.”

He puts the blame down to a “lack of leadership nationally” and that the current crop of politicians “lack the statesmanship” needed.

“The politicians that we looked up to and respected as children and young people seem to have vanished,” he added. “It seems to be petty about scandal, backbiting.

“I think there are important issues that need to be addressed in this country, and I think turn on the television or watch debates, and that seems to be sorely lacking in politics at the moment.”

‘Start caring about us’

Sarah used a former US president to express her upset at the state of politics today, telling Sophy Ridge: “I think Ronald Regan said it best – the most terrifying words in the English language are, ‘I’m from the government and I’m here to help’, which I think is basically what most people think about the intervention of either Labour or a Conservative government.”

She said neither party had done anything for the town during their stints in power, and despite growing up in Grimsby, she was keen to leave as a result.

“It’s a shame really, because, you know, my family is from here, I’ve lived most of my life here, so it should be a place that is going to be a draw for young people – especially when you look at the housing prices.

“We just went to Liverpool in February and that’s such a wonderful city, you know, it’s like apples and oranges. But you look at what’s going [in Grimsby] and… the town centre is all fake shops or barbers or charity shops.

“No one does care about us and at the end of the day you can vote for any politician, but when they start caring about us, maybe we’ll care back.”

Stark and bleak view from Target Town voters

The battle for a town that no one there wants.

Sky News is reporting from Grimsby in the run up to the general election as one of its ‘Target Towns’ – a key constituency prized by both Conservatives and Labour – Great Grimsby and Cleethorpes.

But it turns out that Grimsby doesn’t really want them.

It hasn’t always been a town doused in apathy. In 2016, 70% of people here voted to leave the EU – one of the highest results in the country – and in the 2019 election, the constituency turned Tory for the first time since the Second World War.

But five years on, polling by Sky News found that since then, the number of people saying they “almost never” trust the British government to place the needs of the nation above the interests of their own party has nearly doubled – from 26% to 49%.

It’s a stark but bleak view. Voters tonight described both leaders as uninspiring and uninteresting.

When asked what they make of the current prime minister, words like ‘weak’ and ‘performative’ were used. Voters couldn’t make their mind up about the Labour leader, saying they were unsure about him or his policies.

The lack of a clear dividing line between the two parties could be a problem in the general election, especially as both parties have been trying to show a bit more leg this week ahead of a fully fledged election campaign.

Labour have shown a hint of more radical policies today, with their announcement on aiming to nationalise railways within five years. But have they waited a bit too long to impress the people of Grimsby?

The Conservatives ratified their Rwanda policy into law today, but voters here weren’t hugely enthused by that either. One member of the audience tonight proclaiming they care much more about housing and the environment. They asked – why is the centre of political debate about Rwanda and a policy we don’t really care about?

Apathy might override this election.

‘We fight for your town’

So what did the politicians have to say in response?

Both the Tory and Labour MPs accepted their roles in the downbeat feelings, with Ms Onn saying: “I do think I’m part of a system that bears responsibility for not communicating politics well, not engaging with people, not making them feel that they are heard enough through the course of our debates.

“I think the British public at large probably deserve to hear people occasionally say we haven’t always been as good as we could.”

But Ms Nici insisted it was not all just sniping in parliament and MPs do care about what happens to their constituents – and the country.

“What your MP does is go out, have a look at the legislation and then fight for your town,” she said. “I work hard every day to make sure that I’m listening to what you want and to be able to represent that right at the heart of at Grimsby.”

And both MPs agreed the town had a great future ahead after the next election. But it will be for the Shannons, Stevens and Sarahs to decide who stands up for them after the next election.

Politics

Crypto stocks down, IPOs punted amid tariff tumult

Published

4 hours ago

April 4, 2025

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Crypto stocks down, IPOs punted amid tariff tumult

Cryptocurrency firms felt the heat from US President Donald Trump’s sweeping tariff rollout this week as market turbulence sent share prices tumbling and foiled initial public offering (IPO) plans.

From exchanges to Bitcoin (BTC) miners, crypto stocks suffered as much, if not more, than shares of other companies — despite the industry’s warm relationship with the US president.

On April 2, Trump announced he was placing tariffs of at least 10% on practically all imports into the United States and adding additional “reciprocal” tariffs on some 57 countries.

Since then, major US stock indices — including the S&P 500 and Nasdaq — tumbled by roughly 10% as traders braced for a looming trade war.

Sharp selloffs

Crypto exchange Coinbase — a prominent ally of Trump during the November US elections — experienced a similarly severe sell-off, with its stock price dropping by roughly 12% during the same period, according to data from Google Finance.

Bitcoin miners are also taking a hit. The CoinShares Crypto Miners ETF (WGMI) — which tracks a diverse basket of Bitcoin mining stocks — has lost roughly 13% of its value since immediately prior to Trump’s April 2 announcement, according to data from Morningstar.

Even Strategy, one of the best-performing stocks of 2024, wasn’t immune. Its share price has fallen by around 6% on the news, Google Finance data showed.

According to Reuters, investment bank JPMorgan has raised its estimated odds of a global economic recession in 2025 to 60% from 40% previously.

“Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” JP Morgan reportedly said.

“The effect … is likely to be magnified through (tariff) retaliation, a slide in U.S. business sentiment and supply-chain disruptions.”

IPO delays

The impact of US tariffs hasn’t been limited to stock price volatility. Stablecoin issuer Circle has reportedly paused plans for a 2025 IPO, citing market turbulence.

According to The Wall Street Journal, Circle is “waiting anxiously” before taking further steps after filing to take the company public on April 1.

It is among several companies — including fintech Klarna and ticketing service StubHub — reportedly considering altering or shelving IPO plans.

One exception may be Bitcoin itself, which some analysts say is finally “decoupling” from the broader market.

Bitcoin’s spot price has held above $82,000 this week, even as US equities markets collapsed.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Politics

Brazilian court authorizes crypto seizure for debt collection — Report

Published

5 hours ago

April 4, 2025

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Brazilian court authorizes crypto seizure for debt collection — Report

Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.

According to local media reports, the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors.

The report was confirmed by the Superior Court of Justice, which issued a notice on its website.

The decision was reached unanimously by the Third Panel, which reviewed a case brought forward by a creditor.

“Although they are not legal tender, crypto assets can be used as a form of payment and as a store of value,” a translated version of the Superior Court of Justice’s memo read.

Under existing rules, Brazilian judges are allowed to freeze bank accounts and order fund withdrawals, even without a debtor’s knowledge, should they rule that a creditor is owed money.

Following the recent decision, crypto assets now fall under the same purview.

Minister Ricardo Villas Bôas Cueva, who voted in the five-person panel, said cryptocurrencies still lack formal regulation in Brazil but noted certain bills have recognized the asset class as “a digital representation of value.”

Despite regulatory uncertainty, Brazil is a major hub for crypto

Although Brazil still lacks an overarching framework for digital assets, with the country’s central bank divvying up the regulatory processes into phases, crypto adoption is surging across the country.

Brazil ranks second among all Latin American countries in terms of “crypto value received,” which is a key benchmark for adoption, according to an October report by Chainalysis.

Earlier this year, crypto exchange Binance was granted approval to operate in the country after it acquired a São Paulo-based investment company.

A Binance executive told Cointelegraph at the time that Brazil was making “significant strides” in regulating the industry and expects a comprehensive framework to be finalized “by mid-year.”

Nevertheless, not all of Brazil’s regulatory proposals have been favorable for the industry.

In December, the country’s central bank proposed banning stablecoin transactions on self-custodial wallets at a time when more locals were using dollar-pegged tokens to hedge against the devaluation of the Brazilian real.

Industry observers told Cointelegraph at the time that such a ban would be difficult to enforce.

“Governments can regulate centralized exchanges, but P2P transactions and decentralized platforms are much harder to control, which means the ban would likely only affect part of the ecosystem,” said Lucien Bourdon, an analyst with Trezor.

Politics

‘Will the PM side with parents or tech bros?’: Labour peer demands action on children’s smartphone safety

Published

6 hours ago

April 4, 2025

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'Will the PM side with parents or tech bros?': Labour peer demands action on children's smartphone safety

Sir Keir Starmer needs to choose between parents who want stronger action to tackle harmful content on children’s phones, or the “tech bros” who are resisting changes to their platforms, Baroness Harriet Harman has said.

Speaking to Beth Rigby on Sky News’ Electoral Dysfunction podcast, the Labour peer noted that the prime minister met with the creators of hit Netflix drama Adolescence to discuss safety on social media, but she questioned if he is going to take action to “stop the tech companies allowing this sort of stuff” on their platforms where children can access it.

Sir Keir hosted a roundtable on Monday with Adolescence co-writer Jack Thorne and producer Jo Johnson to discuss issues raised in the series, which centres on a 13-year-old boy arrested for the murder of a young girl, and the rise of incel culture.

Politics latest: Could the UK retaliate against Trump?

The aim was to discuss how to prevent young boys being dragged into a “whirlpool of hatred and misogyny”, and the prime minister said the four-part series raises questions about how to keep young people safe from technology.

Sir Keir has backed calls for the four-part drama to be shown in all schools across the country, but Baroness Harman questioned what is going to be achieved by having young people simply watch the show.

“Two questions were raised [for me],” she said. ” Firstly – after they’ve watched it, what is going to be the discussion afterwards?

“And secondly, is he going to act to stop the tech companies allowing this sort of stuff to go online into smartphones without protection of children?

“Because if the tech companies wanted to do this, they could actually protect children. They can do everything they want with their tech.”

She acknowledged there are “very big public policy challenges” in this area, but added of the prime minister: “Is he going to side with parents who are terrified and want this content off their children’s phones, or is he going to accept the tech bros’ resistance to having to make changes?”

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Can parliament keep up?

The Labour peer backed the Conservative Party’s call for a ban on smartphones in schools to be mandated from Westminster, saying it would “enable all schools not to have a discussion with their parents or to battle it out, but just to say, this is the ruling” from central government, which Ofsted would then enforce.

“I’m sensitive to the idea that we shouldn’t constantly be telling schools what to do,” she continued. “And they’ve got a lot of common sense and a lot of professional experience, and they should have as much autonomy as possible.

“But perhaps it’s easier for them if it’s done top down.”

Baroness Harman also questioned the speed with which parliament is actually able to legislate to deal with the very rapid development of new technologies, and posits that it could “change its processes to be able to legislate in real time”.

She suggested that a “powerful select committee” of MPs could be established to do that, because “otherwise we talk about it, and then we’re not able to legislate for 10 years – by which time that problem has really set in, and we’ve got a whole load more problems”.

On the podcast, the trio also discussed the 10% tariffs imposed on the UK by Donald Trump and the government’s efforts to strike a trade deal with the US to mitigate the impact of the levy.

The government has refused to rule out scrapping the Digital Services Tax, a 2% levy on tech giants’ revenues in the UK, as part of the negotiations with the Trump administration – a move Baroness Harman said would be “very heartbreaking”.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈