PM ‘completely wrong’ to leave D-Day commemorations early, says Penny Mordaunt
The prime minister was “completely wrong” to leave D-Day commemorations early, a senior cabinet member has said.
Rishi Sunak apologised on Friday after it was revealed he skipped an international event the day before on Omaha Beach in France – attended by leaders of the US, France and Germany – to come back to the UK for a TV interview.
But as well as political condemnation, he was also criticised by veterans, with 98-year-old Ken Hay telling Sky News: “He lets this country down.”
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Sunak has ‘let the country down’
Speaking at a BBC debate on Friday night, the Tory leader of the House, Penny Mordaunt, also repeated controversial claims that Labour would raise household taxes by £2,000.
Ms Mordaunt earlier admitted her boss should have remained at the D-Day gathering, but praised his apology, which she said he made “to veterans, but also to all of us because he was representing all of us”.
The ex-Royal Naval reservist added: “I’m from Portsmouth. I’ve also been defence secretary. And my wish at the end of this week is that all veterans feel completely treasured.
“I’m hoping tonight to convince you of some things that are important to them, important to their legacy. And I couldn’t do that if I wasn’t straight with you on that issue.”
However, after appealing for the row not to “become a political football”, there was a barrage of attacks from her rivals over the prime minister’s decision.
The SNP’s leader in Westminster Stephen Flynn said: “A prime minister who puts his own political career before public service is no prime minister at all. A prime minister who puts his own political career before Normandy war veterans is no prime minister at all.
“So it’s incumbent upon all of us to do our national service and vote the Tories out of office.”
Pic: PA
Reform UK leader Nigel Farage said it was a “complete and utter disgrace” from an “unpatriotic” prime minister, adding: “If his instinct was the same as the British people, he would never have contemplated for a moment not being there for the big international celebration and it shows how disconnected he is with the people of this country.”
Plaid Cymru leader Rhun ap Iorwerth said it “certainly wasn’t a day for a prime minister to decide… that his priority should be to fight for his own political future”, but he also criticised Mr Farage for using the commemorations as a “photo op”.
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Meanwhile, the Liberal Democrats’ deputy leader Daisy Cooper described how during the war, her veteran grandfather caught his best friend who had fallen from the top of the tank after being shot in the head while wading through the water.
Calling Mr Sunak’s decision “politically shameful”, she added: “If [my grandfather] had been there yesterday and seen the prime minister walk away from him, I would have found that, as I do now, completely and utterly unforgivable.”
Political figures from seven parties in the general election debated a range of issues during the show, from the NHS and housing to immigration and tax.
Labour’s Angela Rayner and Ms Mordaunt sparred throughout, with an especially heated exchange over much maligned claims by the Conservatives that Labour would raise taxes by £2,000 over the next parliament.
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Mr Sunak used the figure repeatedly when he debated Labour leader Sir Keir Starmer on Tuesday, but the following day a senior Treasury official said the figure “should not be presented as having been produced by the civil service” and multiple economic experts disputed the numbers.
However, Ms Mordaunt made the claim again in a terse row with Ms Rayner, also claiming Labour would “bring in 12 new taxes”.
Labour’s deputy leader said it was “a lie”, attacking the government for “raising taxes to a record level” during their time in office.
But the sniping gave the others on stage a chance to mock the pair, with co-leader of the Green Party, Carla Denyer, saying: “Well, that was terribly dignified, wasn’t it?”
Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.
Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.
According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.
“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.
Crypto adoption is not just about Trump
While some investors focus on the pro-crypto stance of US President Donald Trump, Turner emphasized that broader regulatory momentum is what matters most.
“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.
Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph
Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:
“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”
“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.
Related: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B
Banks are no longer afraid of Bitcoin regulators
With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.
“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the US regulatory authorities,” he said, adding:
“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”
Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.
Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.
However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.
“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:
“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”
Source: Raoul Pal
“Also, the US is trying to shut down China tariff arbitrage using other channels such as Mexico or Vietnam,” Pal said.
Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes
China retaliates with new tariffs
Considering China’s latest retaliatory measures, a resolution remains unlikely in the short term.
In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.
China overtakes the US in global trade. Source: Econovis
China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.
Crypto markets watch trade outcome closely
As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.
Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.
Related: Crypto market bottom likely by June despite tariff fears: Finance Redefined
Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.
“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:
“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”
Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29
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