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The Conservatives have pledged to give £20m to 30 towns across the country – a move the Labour Party has branded a “reckless, unfunded commitment”.

Rishi Sunak’s party said it would add the towns – many of which are based in the Midlands and north – to its existing long-term plan for towns, increasing the number that will receive financial support to more than 100.

The Tories said local people in each area would decide how the money would be spent, through new town boards composed of community leaders, businesspeople, local government and the local MP.

The prime minister said the “bold action” would “transform” 30 towns, as he claimed Labour’s record in government “shows they don’t care about towns – “neglecting their needs, allowing them to decline and focusing instead on cities.”

“Sir Keir Starmer has no plan to unlock opportunities in towns and would take us back to square one,” he said.

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“Building on our strong track record of levelling up in Teesside and the Midlands, we will go further across the country to build a secure future for our children and grandchildren.”

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Some of the towns proposed to be added to the scheme include Tamworth, Preston, Newcastle-under-Lyme, Corby, Halifax, Bognor Regis, Newtown, Flint, Perth and Newry.

Nearly all are being defended by Tory candidates in this election, with only five being most recently represented by Labour.

The 30 new towns come on top of Mr Sunak’s decision on the eve of Tory party conference to award £20m to 55 “overlooked” towns across the UK over a 10-year period.

A further 20 then formed part of the second tranche, which was announced at the March budget

The Tories said the cost of funding the additional 30 towns would be around £60m per year, which they said was “affordable” under plans to clamp down on tax avoidance.

But Labour argued the funding ringfenced to pay for the investment was the same as that being used to fund recent announcements to create a new tax free allowance for pensioners and the National Service Plan that would compel those over 18 to take part in either community or military training.

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Deputy leader Angela Rayner will promote the party’s own “power-up agenda” with a 5,000-mile battle bus tour on Saturday, where she will be joined by Labour leader Sir Keir Starmer and shadow chancellor Rachel Reeves.

Labour has said its Take Back Control Act will devolve power from Westminster and give communities a new right to request more powers.

It has also put forward its own Green Prosperity Plan, which it says will create 650,000 jobs across the country – although it will no longer spend £28bn a year for the rest of the decade on the country’s green transition.

Ms Rayner said: “Just days ago, Rishi Sunak raided levelling-up cash to fund his teenage Dad’s Army.

“Today he’s back making yet another reckless unfunded spending commitment, sure to be broken as quickly as it was made.

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“Everywhere you look, communities up and down the country are feeling the impact of 14 years of Tory decline: boarded-up shops, soaring bills and a widening wage gap with London.”

Liberal Democrat levelling-up, housing and communities spokesperson Helen Morgan said: “This isn’t fooling anyone after the Conservatives’ broken promises on ‘levelling up’ since 2019 have completely failed to deliver.

“Their ‘levelling-up’ agenda over the last few years has pitted councils against each other and left them begging for scraps, and rural areas often failed to benefit at all. We need to see proper funding for local councils alongside more powers for them to make investments they believe in.”

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Vietnam legalizes crypto under new digital technology law

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Vietnam legalizes crypto under new digital technology law

Vietnam legalizes crypto under new digital technology law

Vietnam has passed a sweeping digital technology law that legalizes crypto assets and outlines incentives for AI, semiconductors, and infrastructure.

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings.

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East makes it even more so.

Expectations had already been low, with the Canadian hosts cautioning against the normal joint communique at the end of the summit, mindful that this group of leaders would struggle to find consensus.

Canadian Prime Minister Mark Carney carefully laid down an agenda that was uncontroversial in a bid to avoid any blow-ups between President Trump and allies, who of late have been divided like never before – be it over tariffs and trade, Russia and Ukraine, or, more recently Israel’s conduct in Gaza.

But discussions around critical minerals and global supply chains will undoubtedly drop down the agenda as leaders convene at a precarious moment. Keir Starmer, on his way over to Canada for a bi-lateral meeting in Ottawa with PM Carney before travelling onto the G7 summit in Kananaskis, underscored the gravity of the situation as he again spoke of de-escalation, while also confirmed that the UK was deploying more British fighter jets to the region amid threats from Tehran that it will attack UK bases if London helps defend Israel against airstrikes.

Canadian Prime Minister Mark Carney is greeted by President Donald Trump as he arrives at the West Wing of the White House, Tuesday, May 6, 2025, in Washington. (AP Photo/Mark Schiefelbein)
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Canadian PM Mark Carney is greeted by President Donald Trump at the White House in May. Pic: AP

Really this is a G7 agenda scrambled as world leaders scramble to de-escalate the worst fighting between Tel Aviv and Tehran in decades. President Trump has for months been urging Israel not to strike Iran as he worked towards a diplomatic deal to halt uranium enrichment. Further talks had been due on Sunday – but are now not expected to go ahead.

All eyes will be on Trump in the coming days, to see if the US – Israel’s closest ally – will call on Israel to rein in its assault. The US has so far not participated in any joint attacks with Tel Aviv, but is moving warships and other military assets to the Middle East.

Sir Keir, who has managed to strike the first trade deal with Trump, will want to leverage his “good relationship” with the US leader at the G7 to press for de-escalation in the Middle East, while he also hopes to use the summit to further discuss the further the interests of Ukraine with Trump and raise again the prospects of Russian sanctions.

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“We’ve got President Zelenskyy coming so that provides a good opportunity for us to discuss again as a group,” the PM told me on the flight over to Canada. “My long-standing view is, we need to get Russia to the table for an unconditional ceasefire. That’s not been really straightforward. But we do need to be clear about what we need to get to the table and that if that doesn’t happen, sanctions will undoubtedly be part of the discussion at the G7.”

Prime Minister Sir Keir Starmer (right) is greeted by Prime Minister of Canada Mark Carney as he arrives at Rideau Cottage in Ottawa
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Prime Minister Sir Keir Starmer (R) is greeted by Mark Carney as he arrives in Ottawa ahead of the G7

But that the leaders are not planning for a joint communique – a document outlining what the leaders have agreed – tells you a lot. When they last gathered with Trump in Canada for the G7 back in 2018, the US president rather spectacularly fell out with Justin Trudeau when the former Canadian president threatened to retaliate against US tariffs and refused to sign the G7 agreement.

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Since then, Trump has spoken of his desire to turn Canada into the 51st state of the US, a suggestion that helped catapult the Liberal Party beyond their Conservative rivals and back into power in the recent Canadian elections, as Mark Carney stood on a ticket of confronting Trump’s aggression.

With so much disagreement between the US and allies, it is hard to see where progress might be made over the next couple of days. But what these leaders will agree on is the need to take down the temperature in the Middle East and for all the unpredictability around these relationships, what is certain is a sense of urgency around Iran and Israel that could find these increasingly disparate allies on common ground.

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