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.
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”.
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.”
Image: 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”.
European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times.
EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan.
Under the Digital Services Act, which came into law in October 2022 to police social media companies and “prevent illegal and harmful activities online,” companies can be fined up to 6% of global revenue for violations.
A spokesman for the European Commission, the bloc’s executive branch, declined to comment on this case to The New York Times but did say it would “continue to enforce our laws fairly and without discrimination toward all companies operating in the EU.”
In a statement, X’s Global Government Affairs team said that if the reports about the EU’s plans are accurate, it “represents an unprecedented act of political censorship and an attack on free speech.”
“X has gone above and beyond to comply with the EU’s Digital Services Act, and we will use every option at our disposal to defend our business, keep our users safe, and protect freedom of speech in Europe,” X’s global government affairs team said.
Along with the fine, the EU regulators could reportedly demand product changes at X, with the full scope of any penalties to be announced in the coming months.
Still, a settlement could be reached if the social media platform agrees to changes that satisfy regulators, according to the Times.
One of the officials who spoke to the Times also said that X is facing a second investigation alleging the platform’s approach to policing user-generated content has made it a hub of illegal hate speech and disinformation, which could result in more penalties.
X EU investigation ongoing since 2023
The EU investigation began in 2023. A preliminary ruling in July 2024 found X had violated the Digital Services Act by refusing to provide data to outside researchers, provide adequate transparency about advertisers, or verify the authenticity of users who have a verified account.
X responded to the ruling with hundreds of points of dispute, and Musk said at the time he was offered a deal, alleging that EU regulators told him if he secretly suppressed certain content, X would escape fines.
Thierry Breton, the former EU commissioner for internal market, said in a July 12 X post in 2024 that there was no secret deal and that X’s team had asked for the “Commission to explain the process for settlement and to clarify our concerns,” and its response was in line with “established regulatory procedures.”
Musk replied he was looking “forward to a very public battle in court so that the people of Europe can know the truth.”
US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token.
“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3.
The firm added that it anticipates the contract going live on April 21.
According to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and margined contract trading under the symbol XRL.
The contract tracks XRP’s price and is settled in US dollars. Each contract represents 10,000 XRP, currently worth about $20,000 at $2 per token.
Contracts can be traded for the current month and two months ahead, and trading will be paused as a safety measure if spot XRP prices move more than 10% in an hour.
“The exchange has spoken with FCMs (Futures Commission Merchants) and market participants who support the decision to launch a XRP contract,” the firm stated.
Coinbase is not the first to launch XRP futures in the United States. In March, Chicago-based crypto exchange Bitnomial announced the launch of the “first-ever CFTC-regulated XRP futures in the US.”
XRP futures trading is available on many of the world’s leading centralized crypto exchanges, such as Binance, OKX, Bybit and BitMEX.
Funding rates remain negative
In late March, Cointelegraph reported that XRP derivatives’ funding rates had flipped negative as investor sentiment turned bearish.
Funding rates are periodic payments between traders in perpetual futures markets that help keep the futures price aligned with the spot price. Positive funding rates mean that long traders (buyers) pay short traders, while negative funding rates mean short traders (sellers) pay long traders.
When funding rates go negative, it means short traders are willing to pay a premium to maintain their positions, indicating strong conviction from bearish derivatives traders.
XRP funding rates remained negative on major derivatives exchanges as of April 4, according to CoinGlass.
Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency.
“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.”
His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country.
The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country.
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.
The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”
Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.
Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency.
CZ has met with several other state officials in Asia
Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January.
CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed.
Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies.
CZ also recently donated 1,000 BNB (BNB) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April.