Diane Abbott confirms she will run as Labour candidate in general election
Diane Abbott has said she “intends to run and win” as Labour’s candidate in Hackney North and Stoke Newington following speculation she may choose to stand down.
Ms Abbott, who was this week told she would be allowed to stand for Labour after months of uncertainty, also denied she had been offered a seat in the House of Lords in the event she chose to retire.
In a post on social media, Ms Abbott said: “I have never been offered a seat in the Lords, and would not accept one if offered.
“I am the adopted Labour candidate for Hackney North and Stoke Newington. I intend to run and to win as Labour’s candidate.”
There have been questions over Ms Abbott’s future in the Labour Party ever since was suspended from the party last year for suggesting that Jewish, Irish and Traveller people experience prejudice rather than racism.
The comments, which she apologised for, sparked a long-running process which saw her sit as an Independent MP.
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Ms Abbott, the UK’s first female black MP, finally had the party whip restored earlier this week, theoretically paving the way for her to stand for Labour at the election.
However, her future appeared in doubt as some papers were briefed that she had been barred from standing for the party again.
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As a backlash against Ms Abbott’s exclusion gained momentum, Sir Keir Starmer initially said “no decision” had been taken regarding her future – before later going on to confirm that she would be “free” to stand for the party in the seat she has held for nearly 40 years.
His decision meant Labour’s ruling body, the National Executive Committee, was set to approve Ms Abbott’s candidacy at a crunch meeting on Tuesday.
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Diane Abbott will run for Labour
But there have been growing rumours that, having been given the green light to stand for Labour, Ms Abbott was considering quitting politics altogether.
It was then reported in the Sunday Times that the veteran leftwinger was among a number of former Labour MPs who had been offered peerages in exchange for standing down to make way for Sir Keir’s allies in plum seats – something Ms Abbott has now denied had happened.
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Yvette Cooper, Labour’s shadow home secretary, also rejected the claim this morning, telling Sky News’s Sunday Morning With Trevor Phillips: “No party can do that, it’s not the way the system works.”
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She said there was a “whole process” for an independent committee to vet nominations to the Lords so it was not possible for Sir Keir, or any party leader, to promise anybody a seat.
The allegation came after Ms Abbott accused Sir Keir of “culling” Labour left-wingers after two potential candidates, Faiza Shaheen and Lloyd Russell-Moyle, were blocked from standing in Chingford and Woodford Green and Brighton Kemptown, respectively.
Former leader Jeremy Corbyn – who will now stand as an independent in the constituency of Islington North – also told Sky News Sir Keir was “clearly intervening” in a “purge” of left-wing candidates.
The Labour leader has denied blocking the left, saying his party had “fantastic candidates across the country” and he wanted the “highest quality candidates on the pitch for the task ahead”.
Tulip Siddiq has told Sky News her “lawyers are ready” to handle any formal questions about allegations she is involved in corruption in Bangladesh.
Asked whether she regrets apparent links with the Bangladeshi Awami League political party, Ms Siddiq said “why don’t you look at my legal letter and see if I have any questions to answer… [the Bangladeshi authorities] have not once contacted me and I’m waiting to hear from them”.
The London MP resigned as a Treasury minister in January after being named in several corruption inquiries in Bangladesh.
In her first public comments since leaving government, Ms Siddiq said “there’s been allegations for months on end and no one has contacted me”.
Last month, the interim leader of Bangladesh told Sky News the MP had “wealth left behind” in the country “and should be made responsible”.
Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.
The letter said the ACC must put questions to Ms Siddiq “by no later than 25 March 2025” or “we shall presume that there are no legitimate questions to answer”.
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Staff from the NCA visited Bangladesh as part of initial work to support the interim government in the country.
In a post online today, the former minister said the deadline had expired and the authorities had not replied.
Sky News has approached the Bangladeshi government for comment.
The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina – who served as the prime minister of Bangladesh for 20 years.
Ms Hasina was forced to flee the country in August following weeks of deadly protests.
She is accused of becoming an autocrat, with politically-motivated arrests, extra-judicial killings and other abuses allegedly happening on her watch. Hasina claims it’s all a political witch hunt.
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Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads.
She referred herself to the prime minister’s standards adviser Sir Laurie Magnus who said he had “not identified evidence of improprieties” but added it was “regrettable” Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.
Ms Siddiq said continuing in her role would be “a distraction” for the government but insisted she had done nothing wrong.
Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.
Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter.
“He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.
The Seychelles-based firm pled guilty to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws on Feb. 24 and agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from mostly institutional clients.
The breaches occurred from 2018 to 2024 despite OKX having an official policy preventing US persons from transacting on its crypto exchange since 2017, the Department of Justice noted at the time.
A spokesperson for Cuomo, Rich Azzopardi, told Bloomberg that Cuomo has been providing private legal services representing individuals and corporations on a variety of matters since resigning as New York governor.
“He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,” Azzopardi added.
OKX reportedly wasn’t willing to comment on its relationships with outside firms.
Cuomo also influenced OKX to make executive appointments: Bloomberg
Cuomo, who is now running for mayor of New York City, also advised OKX to appoint his friend US Attorney Linda Lacewell to OKX’s board of directors, Bloomberg said.
Lacewell, a former superintendent of the New York Department of Financial Services, was added to the board in 2024 and was named OKX’s new chief legal officer on April 1, according to a recent company statement.
Source: Linda Lacewell
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After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the issues stemming from the federal probe and bolster its regulatory compliance program.
“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies,” OKX CEO Star Xu said in a Feb. 24 X post.
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United States President Donald Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
The reciprocal levies on will be approximately half of what trading partners charge for US imports, Trump said. For example, China currently has a tariff of 67% on US imports, so US reciprocal tariffs on Chinese goods will be 34%. Trump also announced a standard 25% tariff on all automobile imports.
Trump told the media that tariffs would return the country to economic prosperity seen in previous centuries:
“From 1789 to 1913, we were a tariff-backed nation. The United States was proportionately the wealthiest it has ever been. So wealthy, in fact, that in the 1880s, they established a commission to decide what they were going to do with the vast sums of money they were collecting.”
“Then, in 1913, for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying,” Trump said.
Full breakdown of reciprocal tariffs by country. Source: Cointelegraph
Trump presented the tariffs through the lens of economic protectionism and hinted at returning to the economic policies of the 19th century by using them to replace the income tax.
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Trump proposes eliminating federal income tax and replacing it with tariff revenue
Trump proposed the idea of abolishing the Internal Revenue Service (IRS) and funding the federal government exclusively through trade tariffs while still on the campaign trail in October 2024.
According to accounting automation company Dancing Numbers, Trump’s plan could save each American taxpayer $134,809-$325,561 in taxes throughout their lives.
US President Donald Trump addresses the media about reciprocal trade tariffs at the April 2 press event. Source: Fox 4 Dallas
The higher range of the tax savings estimate will only occur if other wage-based taxes are eliminated at the state and municipal levels.
Commerce Secretary Howard Lutnick, who assumed office in February, also voiced support for replacing the IRS with the “External Revenue Service.”
Lutnick said that the US government cannot balance a budget yet consistently demands more from its citizens every year. Tariffs will also protect American workers and strengthen the US economy, he said.
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