Labour said the figure is based on misleading information put out in a “dodgy Tory dossier” and called on Mr Sunak to correct the record.
One of their 11 rebuttals is that the costings rely on “assumptions from special advisors”, rather than an impartial Civil Service assessment.
Sir Keir initially struggled to explain this during a debate that saw the pair repeatedly talk over each other, forcing ITV host Julie Ethcingham to intervene and cut them off.
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A snap YouGov poll after the clash suggested Mr Sunak narrowly came out on top – with 51% of the audience believing he fared slightly better than Sir Keir.
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However, Labour’s shadow paymaster general Jonathan Ashworth told Sky’s deputy political editorSam Coates that Labour are leaving the debate “stronger tonight” as he accused Mr Sunak of “lying” about Labour’s tax policies.
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“Rishi Sunak out of desperation had to collapse into lying in that debate,” he said,
“We do not have a plan to tax households in the way in which Rishi Sunak described, and we are not putting up income tax, or national insurance and VAT.
“The only party that has made uncosted commitments in this campaign is Rishi Sunak’s party.”
As well as the economy, the pair clashed over the NHS and immigration, with Mr Sunak groaned at and laughed at by the audience on some occasions.
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1:04
Audience groans over NHS comment during leaders’ debate
The first rumbling of discontent came after the prime minister was asked how long it would take to fix the “broken” health service.
He pointed to the damage done by the COVID pandemic but said “we are now making progress: waiting lists are coming down”.
The Labour leader countered: “They were 7.2 million, they’re now 7.5 million. He says they are coming down and this is the guy who says he’s good at maths.”
Mr Sunak said NHS waiting times are “coming down from when they were higher”, prompting laughter from the audience. He then blamed industrial action, eliciting groans.
“It’s somebody else’s fault,” Sir Keir said.
In another key moment, both were asked directly whether they would use private healthcare if a family member was on a long waiting list for NHS care – with Mr Sunak saying he would and Sir Keir saying he wouldn’t.
Immigration debate gets heated
There was also a heated debate over immigration.
Mr Sunak offered his strongest suggestion yet that he could be willing to leave the European Convention on Human Rights (ECHR) if the government’s stalled Rwanda deportation plan remains blocked by the courts.
He said: “If I am forced to choose between securing our borders and our country’s security, or a foreign court, I’m going to choose our country’s security every single time.”
Image: Rishi Sunak and Keir Starmer during the ITV General Election debate. Pic: ITV/PA
However, he said deportation flights will take off to Rwanda “in July, but only if I’m your prime minister”.
“Stick to our plan and illegal migrants will be on those planes – with Labour they will be out on our streets.”
Sir Keir hit back: “The levels of migration are at record highs – 685,000. It’s never been that high, save in the last year or two.
“The prime minister says it’s too high. Who’s in charge? He’s in charge. He’s the most liberal prime minister we’ve ever had on immigration.”
The Labour leader also said Mr Sunak had “completely failed” to meet his pledge to stop small boats crossing the Channel.
On the issue of the ECHR, he said the UK risked becoming a “pariah” state if it left international conventions.
On tax & the economy: Rishi Sunak claimed Labour’s plans for the country were not costed and would require tax rises of £2,000. He pointed to the Conservatives bringing inflation down, cutting NI and his pledge to cut taxes for pensioners through the “triple lock plus” as
reasons why people should vote for him.
Sir Keir said Mr Sunak’s £2,000 claim was “absolute garbage” and his plans are fully costed. He pointed out the tax burden has risen to the highest level in 70 years under the Tories and used Mr Sunak’s vast personal wealth to suggest he doesn’t understand the cost of living crisis.
On the NHS: Rishi Sunak was groaned at and laughed at for claiming waiting lists were coming down and blaming industrial action on the backlog.
Sir Keir pointed to Labour’s plans to create 40,000 new appointments while bigging up his credentials as the husband of an NHS worker.
On Education: Rishi Sunak said parents who “work hard” should be allowed to send their children to private schools, in an attack on Labour’s VAT policy.
Sir Keir that one of Labour’s first steps would be to recruit 6,500 teachers to fill gaps, and he “will get rid of the tax break on private schools to pay for it, that’s a tough choice, I do understand that”.
On immigration: Sunak offered his strongest suggestion yet that he could be willing to leave the European Convention on Human Rights (ECHR) if the government’s stalled Rwanda deportation plan remains blocked by the courts, but said flights should be taking off in July.
Sir Keir said the UK risked becoming a “pariah” state if it left international conventions and pointed to his plan to target criminal people smuggling gangs to stop small boat crossings.
On Climate: Sunak defended his decision to water down policies designed to help the UK reach net zero carbon emissions, saying the targets will still be met, it will cost households less, and maintain the UK’s energy security.
Sir Keir said there was a “huge opportunity” in the renewable energy sphere that would see cheaper bills, energy security for the UK, and more jobs. He said he will deliver clean power by 2030, despite scaling back the initial investment he intended to put forward to get there.
Who came out on top?
The pair dished out their usual attack lines throughout the debate – with Mr Sunak accusing Sir Keir of having no plan and the Labour leader going in on the Tories’ 14-year record in government, particularly highlighting the impact of the Liz Truss mini budget.
A break down of the YouGov polling found that Mr Sunak came out on top in the sections about tax and immigration.
But while he also “won” the debate overall, Sir Keir was victorious in the discussions about the cost of living, the NHS, education, and climate change.
However, in bad news for both leaders, the poll found 60% of people thought the debate was frustrating, compared to 17% who found it helpful and 4% who found it authentic.
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Opposition parties rounded in on the pair following the debate, with the Lib Dems saying “the country deserves better”.
The SNP said Scotland wasn’t mentioned once and the showdown underlined “why the overwhelming majority of voters want an alternative to the abysmal choice between Rishi Sunak and Keir Starmer”.
Nvidia boss Jensen Huang has told Sky News the AI sector is a “long, long way” from a Big Short-style collapse.
Speaking outside Downing Street following a roundtable with government and other industry figures, the head of the world’s first $5tn company defended his sector from criticism by investor Michael Burry.
Mr Burry and his firm, Scion Capital, gained notoriety for “shorting” – betting against – the US housing market ahead of the 2008 financial crash.
He was portrayed by Christian Bale in the 2015 film The Big Short, which also starred Steve Carell, Brad Pitt and Ryan Gosling.
Earlier this week, filings revealed Mr Burry has now bet against Nvidia and on social media, he has suggested there is a bubble in the sector.
Some $500bn was wiped off technology stocks overnight Tuesday into Wednesday, Bloomberg reported.
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Speaking to Sky News, Mr Huang said: “I would say that we’re in the beginning of a very long build out of artificial intelligence.”
Image: Christian Bale portrayed Michael Burry in the 2015 hit film. Pic: Reuters
Defending his company and investment, Mr Huang said AI is the first technology that requires “infrastructure to be built” and that Nvidia has seen “great returns” from AI, and that is why it is expanding.
Mr Huang said better training of AI has led to much “better” and “useful” answers, and that means “the AIs have become profitable”.
“When something is profitable, the suppliers want to make more of it, and that’s the reason the infrastructure build out is accelerating,” he added.
Pushed on whether he was worried about a situation like the Big Short, Mr Huang said: “We are long, long away from that.”
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The UK government is betting big on AI in the hopes that it can save money by using it and generate growth by building the infrastructure to back it up.
Asked if she was worried about the market, Technology Secretary Liz Kendall told Sky News: “I have no doubts that AI is going to transfer all parts of our economy and our public services.”
Mr Burry and his firm, Scion Capital’s bets against Nvidia and other companies were revealed by regulatory filings earlier this week.
The investor also posted on social media for the first time in more than two years, warning of a bubble.
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New York has followed London by choosing hope over fear in electing Democrat Zohran Mamdani as its new mayor, Sir Sadiq Khan said.
Mr Mamdani, 34, defeated former New York governor Andrew Cuomo and Republican Curtis Sliwa to become the city’s first Muslim mayor and the first of South Asian heritage.
Sir Sadiq called it a “historic campaign”, adding on X: “New Yorkers faced a clear choice – between hope and fear – and just like we’ve seen in London – hope won.”
Education Secretary Bridget Phillipson also congratulated Mr Mamdani, telling Sky News: “I wish him well.
“It’s a wonderful job to have secured.”
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Green Party leader Zack Polanski said Mr Mamdani’s success “will resonate throughout the world” as he called it a “story where no one is left behind”.
“It’s time to write that story across England and Wales too,” he added.
Image: Zohran Mamdani with his wife, Rama Duwaji. Pic Reuters
Mr Mamdani’s victory was a setback for Donald Trump, who had thrown his weight behind Andrew Cuomo, a former Democrat running as an independent.
The mayor-elect described himself as “Trump’s worst nightmare” and said New York had shown “a nation betrayed by Donald Trump how to defeat him”.
The US president had threatened to cut federal funding to New York if Mr Mamdani won.
In his victory speech, Mr Mamdani said: “New York will remain a city of immigrants, a city built by immigrants, powered by immigrants and as of tonight, led by an immigrant.
“If anyone can show a nation betrayed by Donald Trump how to defeat him, it is the city that gave rise to him.”
Kemi Badenoch is calling for the government to “get Britain drilling again” – as Sir Keir Starmer heads to COP30.
The Tory leader has launched a joint campaign with the Scottish Conservatives to demand the moratorium on new oil and gas licences is lifted.
They are also calling on the chancellor to scrap the energy profits levy – an extra 38% tax on North Sea oil and gas profits – at the upcoming budget on 26 November.
The Conservatives want the government to recognise that it believes gas will be a key part of the future energy mix to secure energy and lower bills to “deliver a stronger economy”.
They have launched the call to “get Britain drilling again” as the prime minister flies to Brazil for the COP30 summit after he reiterated the government’s dedication to clean energy goals and the UK’s role as a global climate leader on Tuesday.
He admitted COP30 would present a “challenge” due to slow global progress in cutting emissions, but said: “I’ve thought climate change has been our biggest challenge as a species for a very long number of years now.”
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0:57
Trump’s ambassador tells UK to drill for oil
Speaking on a visit to Aberdeen, Ms Badenoch said the UK, in particular northeast Scotland, is facing an oil and gas “emergency due to the anti-growth policies of the Labour government in Westminster and the SNP in Holyrood”.
She warned the offshore oil and gas sector “risks disappearing altogether”, which she said would mean job losses in Scotland and the rest of the UK, and leave the country more reliant on overseas energy imports.
Ms Badenoch said: “Scotland, and the whole United Kingdom, faces a growing oil and gas emergency thanks to Labour’s inability to put our national interest first.
“By the end of Labour’s first term in office, it’s not inconceivable that Scotland’s oil and gas sector will be at serious risk, with domestic production currently set to half by 2030.
“That would be a shocking indictment of Labour’s energy policy, and a dangerous act of economic self-sabotage.
“Enough is enough. Keir Starmer must find the backbone to ditch Ed Miliband’s Net Zero fanaticism, which is forcing up bills and driving away industry.
“Instead, the prime minister should do what our economy needs, scrap the energy profits levy and end the moratorium on new licences in the North Sea.
“If the Labour government fails to act, we could be witness to the end of our domestic energy security as we know it.”
Image: North Sea oil exploration platforms lie in the Cromerty Firth in northern Scotland in 2003. Pic: AP
A Labour Party spokesperson accused Ms Badenoch of “doubling down on the same failed Tory energy policy that caused the worst cost-of-living crisis in a generation”.
“The Conservatives’ anti-growth, anti-jobs, anti-investment position on clean energy would cost hundreds of thousands of jobs, leave Britain reliant on insecure expensive fossil fuels and lock families into higher bills for generations to come,” she added.
“It’s the same old Tories, with the same old policies. It didn’t work then and it won’t work now.”
There have been a series of oil and gas closures this year.
Grangemouth, Scotland’s only oil refinery, stopped processing crude oil after a century of operations in April, with 430 job losses.
The union Unite said political leaders had “utterly failed” the workers and would face “electoral wrath”, while the area’s Labour MP, Brian Leishman, said he was “disgusted” by the broken promises.
Harbour Energy, the UK’s largest oil and gas producer, cut 250 jobs in Aberdeen in May, blaming the government’s fiscal rules and regulations.
The Prax Lindsey Oil Refinery in Lincolnshire ended production in August, with 125 job losses, after the group went into administration and the government was unable to find a buyer.
In October, oil and gas contractor Petrofac, which employs about 2,000 people in Scotland, filed for administration, but its core operating subsidiaries and North Sea business have continued to trade as normal while it looks at restructuring or selling.