Connect with us

Published

on

Rishi Sunak will give a speech on Monday setting out “bold ideas to change society” – as he seeks to regain momentum following the defection of one of his MPs to Labour and a hammering at the local elections.

In what is being billed by Downing Street as a “major speech” in central London, the prime minister will outline “the stark choice facing the UK public” ahead of the general election later this year.

Mr Sunak has suggested he will go to the polls in the autumn, with Foreign Secretary Lord Cameron telling Sky News on Sunday that voters need time “to see our plan is working”.

In a bid to revive his faltering premiership, the Tory leader will say: “I have bold ideas that can change our society for the better, and restore people’s confidence and pride in our country.

“I feel a profound sense of urgency. Because more will change in the next five years than in the last 30.

“I’m convinced that the next few years will be some of the most dangerous yet most transformational our country has ever known.”

? Tap here to follow Politics at Jack and Sam’s wherever you get your podcasts ?

It is not clear what specific ideas the prime minister will set out.

A trail of the speech released by Downing Street says he will discuss safeguarding the nation’s security against threats like war and rising global immigration.

Migrants attempt to cross the Channel to the UK
Image:
Migrants attempt to cross the Channel to the UK

Mr Sunak will also set out his intention to capitalise safely on the opportunities presented by artificial intelligence.

He will go on to say: “Our country stands at a crossroads.

“Over the next few years, from our democracy to our economy to our society – to the hardest questions of war and peace – almost every aspect of our lives is going to change.

“How we act in the face of these changes – not only to keep people safe and secure but to realise the opportunities too – will determine whether or not Britain will succeed in the years to come.

“And this is the choice facing the country.”

The speech comes after a difficult week for Mr Sunak, who faced his second defection to Labour after Dover MP Natalie Elphicke crossed the floor to join the opposition benches shortly before PMQs on Wednesday.

Rishi Sunak and Natalie Elphicke in June 2023, as the prime minister claimed his plan to stop the boats was working
Image:
Rishi Sunak and Natalie Elphicke in June 2023

Please use Chrome browser for a more accessible video player

Defecting Tory hits out at Conservatives

Ms Elphicke, considered to be on the right of the Tory party, blamed the “broken promises of Rishi Sunak’s tired and chaotic government”, and said key deciding factors for switching have been “housing and the safety and security of our borders”.

The shock move made her the second Tory MP to join the Labour Party in 11 days after former minister Dan Poulter defected to the opposition, blaming NHS “chaos”.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

Mr Sunak has also come under pressure after the Conservatives suffered a mauling at the local elections, losing nearly 500 council seats, the Backpool South by-election and the West Midlands mayoralty in a bruising set of results.

In the wake of the defeats, Mr Sunak was facing calls to tack both further right and further to the centre.

Time is running out to make up ground against Labour ahead of the election, which has to be held by 25 January at the latest.

Continue Reading

Politics

Crypto could get relief as US Senate cuts deal to end shutdown: Report

Published

on

By

Crypto could get relief as US Senate cuts deal to end shutdown: Report

The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports.

Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the matter.

It was Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for a House-approved bill, putting the record 40-day government shutdown within reach of being lifted.

An official vote is still needed to finalize the agreement.

Ongoing uncertainty over when the US government would reopen has been a key factor holding back Bitcoin (BTC) and the broader crypto market from mounting a rebound.

Bitcoin initially rallied to a new high of $126,080 six days into the government shutdown on Oct. 6, but has since fallen over 17% to $104,370, CoinGecko data shows. 

Bitcoin’s fall over the past month saw it drop by double-digit percentage points on Oct. 10 after US President Donald Trump’s announcement of 100% tariffs on China sent shockwaves throughout the markets.

Bitcoin’s change in price since Oct. 1. Source: CoinGecko

Bitcoin rallied 266% after last government shutdown lifted

The last US government shutdown occurred between late December 2018 and late January the following year in Trump’s first term.