Tory candidates pitch themselves as ‘local champions’ in bid to bypass national woes

Published

11 months ago

June 3, 2024

admin

Conservative candidates in two constituencies have appeared to suggest in campaign literature that their party will not form the next government – and people should vote for them as “local champions”.

In a letter to constituents seen by Sky News, Paul Bristow, the Tory candidate for Peterborough, says the general election “may change who runs the country – but don’t let it put Peterborough’s progress at risk”.

“More than ever, we will need a local champion in parliament who is on your side,” he continues.

“Someone who is fighting your corner – whether that’s with the Labour-led council or the next government.”

Simon Fell, the Conservative candidate and most recent MP for Barrow-in-Furness, also asks voters to consider local issues when casting their ballot on 4 July, writing: “You’ve seen the polls, you’ve heard the commentators.

“You know who they say is going to win the national election. But your vote means more than that. Your vote is about what happens locally.”

It comes after Robert Largan, who is fighting to retain the red wall seat of High Peak for the Conservatives, published a number of campaign materials in the colours of Labour and Reform UK.

Politics latest: UK anti-migrant stance ‘biggest economic threat’ to Scotland, SNP leader claims

Mr Largan’s graphics also include the phrases “Labour for Largan” and “Reform for Robert”.

In one social media post, Mr Largan says: “So many local Labour voters have told me they’re going to vote for me, because they want to keep me as their local MP.

“There have been so many that I’m launching a new Labour for Largan club.”

A social media post about the Reform Party also linked to Mr Largan’s campaign page, which states: “Reform supporters right across the High Peak are voting local on Thursday 4th July and backing Robert Largan. Will you?”

A spokesman for Mr Largan denied he had done anything wrong, saying all his election leaflets clearly stated he was the Tory candidate and they complied with electoral law.

“As Mr Largan’s social media posts and website make abundantly clear, large numbers of traditional Labour voters have been contacting him to tell him they plan to vote for him, despite him being a Conservative candidate,” a statement said.

“The same goes for Reform supporters. This is because of Mr Largan’s strong record of delivery in the High Peak.

“Therefore, supporters clubs of traditional Labour and Reform voters have been set up, to allow people to tell Mr Largan that they’re supporting him.

“These are called Labour for Largan and Reform for Robert. Such supporters clubs are not a new phenomenon.”

Derbyshire Police confirmed it was reviewing a Conservative candidate’s campaign adverts after receiving allegations of election fraud.

“We wish to confirm that we have received a number of messages in relation to claims of election fraud, raised due to concerns around marketing material,” the force said in a statement.

“An incident has been created and will be reviewed.”

According to Sky News’s official poll tracker, the Tories continue to trail 21 points behind Labour, at 23.6% of the vote, compared with 44.5% for their opponents.

A separate poll from Opinium has also shown Labour’s lead has grown by six points in the last week and is now at a high not seen since Liz Truss’s premiership.

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

The poll’s voting intention revealed that 4% more voters have said they will vote Labour, while the Tory vote share has dropped 2%.

However, 43% of voters think Labour’s campaign has been a success so far, while a third (32%) do not. For Mr Sunak, 61% do not think the Conservative campaign has been successful, while 20% think it has been.

Mr Bristow declined to comment. Sky News has approached Mr Fell and the Conservatives for comment.

The candidates standing for election in Peterborough are:

Conservatives – Paul Bristow
Green Party – Nicola Day
Workers Party of Britain – Clayton Maxwell Payne
Reform – Sue Morris
Labour – Andrew Pakes
Christian People’s Alliance -Tom Rogers
Liberal Democrats – Nick Sandford

The candidates standing in Barrow-in-Furness are:

Conservatives – Simon Fell
Reform – Barry Morgan
Labour – Michelle Scrogham
Liberal Democrats – Adrian Waite
Green Party – Lorraine Wrennall

The candidates standing in High Peak are:

Green Party – Joanna Wiehe Collins
Reform – Catherine Cullen
Conservatives – Robert Largan
Labour – Jonathan Brian Pearce

Politics

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

Published

7 hours ago

April 27, 2025

admin

Bitcoin treasury firms driving 0T hyperbitcoinization — Adam Back

Investment firms with Bitcoin-focused treasuries are front-running global Bitcoin adoption, which may see the world’s first cryptocurrency soar to a $200 trillion market capitalization in the coming decade.

Institutions and governments worldwide are starting to recognize the unique monetary properties of Bitcoin (BTC), according to Adam Back, co-founder and CEO of Blockstream and the inventor of Hashcash.

“$MSTR and other treasury companies are an arbitrage of the dislocation between the bitcoin future and todays fiat world,” Back wrote in an April 26 X post.

“A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. scalable enough for most big listed companies to move to btc treasury,” he added.

Hyperbitcoinization refers to the theoretical future where Bitcoin soars to become the largest global currency, replacing fiat money due to its inflationary economics and growing distrust in the legacy financial system.

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back — *Source:* *Adam Back*

Bitcoin’s price outpacing fiat money inflation remains the main driver of global hyperbitcoinization, Back said, adding:

“Some people think treasury strategy is a temporary glitch. i’m saying no it’s a logical and sustainable arbitrage. but not for ever, the driver is bitcoin price going up over 4 year periods faster than interest and inflation.”

Back’s comments come nearly two months after US President Donald Trump signed an executive order to establish a national Bitcoin reserve from BTC forfeited in government criminal cases.

Global firms continue Bitcoin accumulation

Continued Bitcoin investments from the likes of Strategy, the largest corporate Bitcoin holder, may inspire more global firms to follow suit.

Strategy’s approach is proving to be lucrative, with the firm’s Bitcoin treasury generating over $5.1 billion worth of profit since the beginning of 2025, according to Strategy’s co-founder, Michael Saylor.

Japanese investment firm Metaplanet, also known as “Asia’s MicroStrategy,” adopted a similar strategy, since surpassing 5,000 BTC in total holdings on April 24, Cointelegraph reported.

As Asia’s largest corporate Bitcoin holder, Metaplanet plans to acquire 21,000 BTC by 2026.

US financial institutions may also have more confidence in adopting Bitcoin after the US Federal Reserve withdrew its 2022 guidance discouraging banks from engaging with cryptocurrency. “Banks are now free to begin supporting Bitcoin,” Saylor said in response to the guidance withdrawal.

“Banks will now be supervised through normal processes, signaling a more open regulatory environment for digital asset integration,” Nexo dispatch analyst Iliya Kalchev told Cointelegraph.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

Politics

US crypto rules like ‘floor is lava’ game without lights — Hester Peirce

Published

13 hours ago

April 27, 2025

admin

<div>US crypto rules like 'floor is lava' game without lights — Hester Peirce</div>

SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.

“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.

The lava is crypto, says Peirce

Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.

“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.

Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.

Cryptocurrencies, SEC, United States — *Source:* *US Securities and Exchange Commission*

Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.

“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”

Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.

Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.

Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.

Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.

He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 19 – 25

Politics

Labour and Reform in battle for Runcorn by-election seat – but disillusionment could be eventual winner

Published

15 hours ago

April 27, 2025

admin

Labour and Reform in battle for Runcorn by-election seat - but disillusionment could be eventual winner

On the banks of the Mersey, Runcorn and Helsby is a more complicated political picture than the apparent Labour heartland that first presents itself.

Yes, there are industrial and manufacturing areas – an old town that’s fallen victim to out-of-town shopping, and an out-of-town shopping centre that’s fallen victim to Amazon.

But there are also more middle-class new town developments, as well as Tory-facing rural swathes.

One thing this area does mirror with many across the country, though, is a fed-up electorate with little confidence that politics can work for them.

In the Space Cafe in Runcorn Old Town, its director Marie Moss says many in the region remember a time when a sense of community was more acute.

“People were very proud of their town… and that’s why people get upset and emotional as they remember that,” she says.

It’s this feeling of disenfranchisement and nostalgia-tinged yearning for the past that Reform UK is trading off in its targeting of traditional Labour voters here.

Party leader Nigel Farage features heavily on leaflets in these parts, alongside spikey messaging around migration, law and order, and Labour’s record in government so far.

Taxi driver Mike Holland hears frequent worries about that record from those riding in the back of his cab.

A Labour voter for decades, he says locals were “made up” at last year’s election result but have been “astonished” since then, with benefit changes a common topic of concern.

“Getting a taxi is two things, it’s either a luxury or a necessity… the necessity people are the disabled people… and a lot of the old dears are so stressed and worried about their disability allowance and whether they are going to get it or not get it,” he says.

But will that mean straight switchers to Reform UK?

Mike says he agrees with some of what the party is offering but thinks a lot of people are put off by Mr Farage.

He’s now looking at the Liberal Democrats and Greens, both of whom have put up local politicians as candidates.

Or, Mike says, he may just not vote at all.

It’s in places like Runcorn town that some of the political contradictions within Reform UK reveal themselves more clearly.

Many here say they were brought up being told to never vote Tory.

And yet, Reform, chasing their support, has chosen a former Conservative councillor as its candidate.

It’s no surprise Labour has been trialling attack lines in this campaign, painting Mr Farage’s party as “failed Tories”.

As a response to this, look no further than Reform’s recent nod to the left on industrialisation and public ownership.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

But head 15 minutes south from Runcorn docks, and this by-election campaign changes.

Rural areas like Frodsham and Helsby have, in the past, tended towards the Tories.

The Conservatives, of course, have a candidate in this vote, one who stood in a neighbouring constituency last year.

But Reform is now making a hard play for their supporters in these parts, with a softer message compared to the one being put out in urban areas – an attempt to reassure those anxious about too much political revolution coming to their privet-lined streets.

Labour, meanwhile, is actively trying to mobilise the anti-Farage vote by presenting their candidate – another local councillor – as the only person who can stop Reform.

The pitch here is aimed at voters like Frodsham makeup artist Nadine Tan, who are worried about division and anger in the community.

“I think they need to kind of come together and stop trying to divide everyone,” she says.

But like Mike the taxi driver five miles north, disillusionment could be the eventual winner as Nadine says, despite the “thousands of leaflets” through her door, she still thinks “they all say the same thing”.

One factor that doesn’t seem to be swinging too many votes, though, is the insalubrious circumstances in which the area’s former Labour MP left office.

Mike Amesbury stepped down after being convicted of repeatedly punching a constituent in a late-night brawl outside a pub.

But across the patch, many praise their ex-MP’s local efforts, while also saying he was “very silly” to have acted in the way he did.

That may be putting it mildly.

But it’s hard to find much more agreement ahead of Thursday’s vote.

A constituency still hungry for change, but unsure as to who can deliver it.

Full list of candidates, Runcorn and Helsby by-election:

Catherine Anne Blaiklock – English Democrats
Dan Clarke – Liberal Party
Chris Copeman – Green Party
Paul Duffy – Liberal Democrats
Peter Ford – Workers Party
Howling Laud Hope – Monster Raving Loony Party
Sean Houlston – Conservatives
Jason Philip Hughes – Volt UK
Alan McKie – Independent
Graham Harry Moore – English Constitution Party
Paul Andrew Murphy – Social Democratic Party
Sarah Pochin – Reform UK
Karen Shore – Labour
John Stevens – Rejoin EU
Michael Williams – Independent