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Labour will promise to “get police back out in the community” as they focus their campaigning on tackling crime.

Speaking on Thursday, shadow home secretary Yvette Cooper will reiterate the party’s pledge to put 13,000 neighbourhood police officers and PCSOs “back on the beat in communities across the country”, saying there will be “guaranteed neighbourhood patrols” to ensure their presence is visible to deter crime, as well as being able to catch criminals.

She will also vow to run a “hands-on Home Office” to regularly assess the department’s progress against Labour’s “missions” for government – which include cracking down on anti-social behaviour.

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Ms Cooper said: “On Rishi Sunak’s watch, 90% of crimes are going unsolved and knife-wielding muggers, phone thieves and pickpockets can get away with menacing our town centres and neighbourhoods.

“Ministers have done nothing to tackle the new organised crime wave that is hitting local shops and streets. That is the Tory legacy on law and order, and our communities are paying the price.

“Enough is enough. Labour will rebuild safety on Britain’s streets and take back our town centres from thugs and thieves, with 13,000 more neighbourhood police and PCSOs back on the beat in our communities, tough new powers to crackdown on those who cause havoc on our high streets, and a mission to reverse the collapse in the number of crimes being solved.

“Labour will put an end to Tory chaos and be a government of law and order, putting the safety and security of our communities at its heart and taking back our streets”.

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Yvette Cooper is talking tough on crime

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But policing minister Chris Philp said the policy “isn’t worth the paper it’s written on”, adding: “Only 3,000 of their proposed new officers would be full time officers with the power of arrest and 3,000 of them are officers this government has already recruited.

“Contrast that with the Conservatives who have recruited record police numbers with 20,000 more since 2019.

“The choice is clear in this election, stick with the bold action and clear plan under Rishi Sunak and the Conservatives that has driven crime down by 54% since 2010, or go back to square one with Labour.”

Chris Philp speaking to Rob Powell about shoplifting
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Chris Philp hit back at Labour’s plan

On day eight of the election campaign, the Conservatives will go on the attack – aiming their punches at Labour’s “chaotic” economic policy.

Chancellor Jeremy Hunt accused his opposite number, Rachel Reeves, of “buckling under pressure” to rule out raising VAT in the next parliament, having “carefully and deliberately” avoided doing so all week – including in an interview with Sky News’ Sam Coates.

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After the minister wrote in the Telegraph that Labour would “raid” VAT to pay for its policies, Ms Reeves released a statement calling it “absolute nonsense”, adding: “Labour will not be increasing income tax, national insurance, or VAT.”

Mr Hunt then accused her of “flip-flopping” and saying what he believed was a change in policy “demonstrates that Labour don’t have a plan for the economy”.

Meanwhile, the SNP will appeal to young people out on the campaign trail on Thursday, with First Minister John Swinney saying “an entire generation has been robbed of opportunity” because of austerity, Brexit and the cost of living crisis.

And the Liberal Democrats will be calling for a mental health professional in every primary and secondary school, with party leader Sir Ed Davey claiming the Tories had “abandoned parents and children”.

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MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

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MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

A New York jury was unable to reach a verdict in the case of Anton and James Peraire-Bueno, the MIT-educated brothers accused of fraud and money laundering related to a 2023 exploit of the Ethereum blockchain that resulted in the removal of $25 million in digital assets.

In a Friday ruling, US District Judge Jessica Clarke declared a mistrial in the case after jurors failed to agree on whether to convict or acquit the brothers, Inner City Press reported.

The decision came after a three-week trial in Manhattan federal court,  resulting in differing theories from prosecutors and the defense regarding the Peraire-Buenos’ alleged actions involving maximal extractable value (MEV) bots.

A MEV attack occurs when traders or validators exploit transaction ordering on a blockchain for profit. Using automated MEV bots, they front-run or sandwich other trades by paying higher fees for priority.

In the brothers’ case, they allegedly used MEV bots to “trick” users into trades. The exploit, though planned by the two for months, reportedly took just 12 seconds to net the pair $25 million.

In closing arguments to the jury this week, prosecutors argued that the brothers “tricked” and “defrauded” users by engaging in a “bait and switch” scheme, allowing them to extract about $25 million in crypto. They cited evidence suggesting that the two plotted their moves for months and researched potential consequences of their actions. 

“Ladies and gentlemen, bait and switch is not a trading strategy,” said prosecutors on Tuesday, according to Inner City Press. “It is fraud. It is cheating. It is rigging the system. They pretended to be a legitimate MEV-Boost validator.” 

Related: MEV bot exploit heads to US court, testing crypto’s legal gray zones

In contrast, defense lawyers for the Peraire-Buenos pushed back against the US government’s theory of the two pretending to be “honest validators” to extract the funds, though the court ultimately allowed the argument to be presented to the jury.  

“This is like stealing a base in baseball,” said the defense team on Tuesday. “If there’s no fraud, there’s no conspiracy, there’s no money laundering.”