Bench Across Britain: Farming community calls for ‘more support’ and quashes subsidies ‘misperception’
The Cheshire Show is a world away from Westminster – but amid the agriculture machinery displays, the pony club races and pens with the best of British livestock, we have smuggled our unwieldy parliamentary bench to an industry at the mercy of changing weather and politics.
On the seat of power in a sheep pen in a far corner of the show, Ruth Howard, a ruminant nutritionist, laments the rising price of animal food. “Over the last two years in particular we’ve seen massive increases,” she says.
“I would say about two or three years ago our price for a compound feed would be about £200 a tonne. Last winter we saw them rocket to £400.
“Our motto is that we feed the animals that feed the nation, and we need support to be able to do that.
“The subsidies that are out there have helped soften the blow to the housewife in your shopping basket. Without that and without the support behind agriculture, the cost of living crisis will only get worse.”
Cow and sheep nutritionist Ruth Howard and sheep farmer Richard Gate
The agricultural budget is a common theme of conversation. Sheep farmer Richard Gate says: “Subsidies are given to us and there’s a misperception that it’s to the farmer and it is not. It is to help the farmers produce cheaper food for the general public.”
Responding to the launch of party manifestos, the National Farmers Union (NFU) has expressed concern that while the Conservative Party has committed to increasing the farming budget by £1bn over the course of the next parliament, the Labour Party is yet to give a clear commitment to a budget.
Rachel Hallos, vice president of the NFU, told Sky News: “That does concern us. We need to know what sort of budget is going to be allocated to farming.
“It’s as simple as that. I think the devil is in the detail and there doesn’t seem to be overly amounts of detail.”
National Farmers Union vice president Rachel Hallos
Labour do say in their manifesto that “food security is national security” and promise to “champion British farming”, with a target for half of all food purchased across the public sector to be sourced locally.
At the Cheshire Show, we meet dairy farmer Ray Brown who has recently spoken to both Prime Minister Rishi Sunak and Labour leader Sir Keir Starmer. He was impressed with their understanding of the issues.
Dairy farmer Ray Brown (centre) with colleagues
“We’re very, very reliant on imported food,” he said. “And we only need to look at the recent events around the world. It’s made us surely think about food security.”
He warns that some environmental schemes linked to government payments to farmers are forcing them to stop using good farming land.
Mr Brown says: “The main problem is the government thinking through the policies they’re bringing out, making sure that we can firstly feed everybody and bring environmental schemes out that make sense, use areas which we can’t grow food on, rather than letting land go, which is prime land for producing food.”
Andrew Dutton, from Cheshire Farm Machinery, says his sales are down this year due to the wet spring that has dulled crop and produce yields. He says farmers are lacking confidence to invest.
“We need more support for our farmers. We need to back British farming. We need to buy locally, buy British. The farmers need some confidence going forward that they’re going to receive the funding that they need.”
Andrew Dutton, Cheshire Farm Machinery
Held in Tatton, the Cheshire Show sits in a safe Conservative constituency once held by chancellor George Osborne. The red rosettes on the prize bulls are unlikely to be worn by winners in this constituency on election night, but there’s uncertainty.
Mr Dutton says: “I’m still on the bench really?”
He taps the green cushions on our House of Commons chair. “Personally, I voted Conservative my whole life. But no one’s offering what I want at the moment.”
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A passing woman in jodhpurs says “I’m voting Reform, and a lot of my friends are voting Reform”, but she decides not to take a seat to tell us more.
We do, however, manage to speak to two horsemen fresh from jousting, dressed as knights, in the main arena. Both come from rural, Conservative-held seats in the Midlands. Clutching an axe, Sam Conway from Knights of Nottingham says he traditionally votes Conservative but wants “clarity and honesty”.
He adds: “I don’t feel like I’ve had any of that so far. I don’t feel like anyone’s come out with some clear policies. We see a lot of political jousting.”
Sam Conway and Mark Lacey, jousters for the Knights of Nottingham
Sam’s fellow knight Mark Lacey leans forward on his broadsword and adds: “It’s just time for a change, and let’s see what happens. And I’m happy for it to change.
“I’ve lived in a blue area my whole life, but let’s have a change. Let’s see what somebody else does.”
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On our journey across Britain – to Cornwall, Gloucester, Luton, Southall, Kent, Leicester and now Cheshire – there is a lot of indecision. Shy Tories seem extremely shy while Labour voters question whether their vote will bring the changes they want.
The farming community certainly wants more assurances from Starmer, but it also feels like this area, which is not usually an election battleground for Labour, is open to some form of change. And if Labour can capture a seat like Tatton, it would be a killer blow to the heart of their rivals.
Update (April 3, 5:43 am UTC): This article has been updated to add information on the STABLE Act and GENIUS Act.
The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote.
The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2, with six Democrats voting in favor.
The bill was introduced on Feb. 6 by committee Chair French Hill and the chair of its Digital Assets Subcommittee, Bryan Steil — reportedly drafted with the help of the world’s largest stablecoin issue, Tether.
Source: Financial Services GOP
The bill would provide rules around payment stablecoins, a crypto token tied to a currency such as the US dollar, and aims to ensure issuers give information about their business and how they back their tokens.
During an earlier markup session, the committee’s leading Democrat, Maxine Waters, who later voted against the bill, criticized her Republican peers for “setting an unacceptable and dangerous precedent” with the STABLE Act.
She said President Donald Trump could use the bill to allow his family’s stablecoin to be used in government payments, and argued the bill validates Trump “and his insiders’ efforts to write rules of the road that will enrich themselves at the expense of everyone else.”
In late March, the Trump family’s World Liberty Financial crypto venture launched a stablecoin, World Liberty Financial USD (USD1). Meanwhile, the US Housing Department, which oversees social housing, was reportedly looking to experiment with using stablecoins for some of its functions.
Stablecoin GENIUS Act also weaves through Congress
Other stablecoin-related bills are also working their way through Congress, including the Republican-led Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, which lays out oversight and reserve rules for issuers.
Related: Crypto has a regulatory capture problem in Washington — or does it?
The US Senate Banking Committee voted through the GENIUS Act in an 18-6 vote on March 13, after Senator Bill Hagerty, one of the bill’s co-sponsors, updated it following consultation with the Committee’s Democrats.
Before the vote, Democratic Senator Kirsten Gillibrand said the updated GENIUS Act made “significant improvements to a number of important provisions” in areas such as consumer protections and authorized stablecoin issuers.
Both the STABLE Act and GENIUS Act will now wait until debate time on the floor of the House and Senate, respectively, before they head for a floor vote.
Crypto journalist Eleanor Terrett reported on X that two unnamed crypto lobbyists said there is likely to be “a coordinated push behind the scenes over the next few weeks to get the two bills to mirror each other, as there are still some differences between them.”
Doing so would “avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.
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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.
Electrocuted on their genitals and mouths sewn up: Inside Bangladesh’s ‘death squad’ jails
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
Related: New York bill aims to protect crypto investors from memecoin rug pulls
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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