Leaders and politicians of all parties are coming out swinging today as the general election campaign enters the final days.
Rishi Sunak is today saying that Labour would cause “irreversible damage within just 100 days of coming to power”, while his top lieutenants warn of the “danger” of a government led by Sir Keir Starmer.
With polls throughout the campaign showing the Conservative Party failing to make a dent in Labour’s 21-point lead, according to the Sky News Poll Tracker, the prime minister only has days to change minds across the country in his bid to retain power.
Meanwhile, the Labour leader is arguing that if the Conservatives are re-elected, “they will feel entitled to continue serving themselves, rather than putting the needs of our country first”.
Liberal Democrat leader Sir Ed Davey is continuing to promote his party’s proposals for the NHS, while SNP leader John Swinney is arguing that the Scottish public should “vote SNP to put Scotland’s interests first”.
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The Conservative Party is continuing its warning that a Labour government would see taxes rise, and the prime minister is arguing electing Sir Keir would do “irreversible damage within just 100 days of coming to power”.
Mr Sunak said that Labour’s plans to impose VAT on private school fees would risk “throwing thousands of families’ plans for the autumn term into chaos, with children wondering if they will have a desk at school to go back to”.
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And he also claimed that Labour would make Britain the “soft touch migrant capital of the world” with “open borders” and an “illegal migrant amnesty”.
The prime minister added: “They cannot be trusted. We must not surrender our taxes, our borders and our security to them. Only the Conservatives will deliver tax cuts, a growing economy and a brighter, more secure future for everyone.”
Image: Rishi Sunak speaking at a Hindu temple in northwest London on Saturday. Pic: PA
Foreign Secretary Lord Cameron went further in an interview with The Sunday Times, suggesting that a Labour government would be a threat to national security.
He told the newspaper that Sir Keir “is in danger of weakening Britain’s position and weakening Britain’s defences, all in a way that’s completely unnecessary”.
The ex-prime minister described Labour as “hopelessly naive about the dangerous world in which we’re living”, adding: “The last thing we need in Britain now is another liberal leftie lawyer running the country.”
But Sir Keir hit back, noting that the government has already given him “high level sensitive briefings, so much do they trust us on national security”.
“To now turn around and make this ridiculous claim just shows how desperate they have become going into this election,” he added.
Starmer appeals for ‘clear mandate’ to govern
The Labour leader and the potential next chancellor, Rachel Reeves, also spoke to The Sunday Times, and they talked about their goal of getting housebuilding ramping up “on day one” if they win the election.
Image: Keir Starmer with wife Victoria (right) and deputy Labour leader Angela Rayner at the Royal Horticultural Halls in central London on Saturday. Pic: PA
The newspaper reports that at least three housing announcements are expected to be made within the first fortnight of a Labour government, saying that opportunities for young people from working-class backgrounds to own their own home “don’t exist”.
And in an article for The Observer, Sir Keir wrote that if voters elect Labour on Thursday, “the work of change begins” and they will “get to work on repairing our public services with an immediate cash injection, alongside urgent reforms”.
He also attacked the Tories’ record in power, saying if they are re-elected, “Britain will remain stuck in their low-growth, high-tax, declining public services doom-loop”.
“The unfunded splurge contained in their manifesto will unleash chaos into our economy once again. And they will feel entitled to continue serving themselves, rather than putting the needs of our country first,” he added.
“Frankly, should they win another five years after everything they’ve put us through in this parliament, they would surely think they could get away with anything.”
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2:26
What do voters think of manifestos?
He appealed for a “clear mandate” to implement his plans, pointing to “chaos” under Mr Sunak and Liz Truss before him as examples of what happens when prime ministers seek to “govern without that mandate”.
Meanwhile in Scotland, the leader of the SNP is appealing to Scots to back his party as polls show that Labour could become the largest Scottish parliamentary contingent in over a decade.
John Swinney argued that while “the result in England is now inevitable”, in “most seats in Scotland it’s too close to call between the SNP and Labour”.
Image: SNP leader John Swinney (right) and SNP candidate Tommy Sheppard serve pizza at Portobello Beach and Promenade, Edinburgh. Pic: PA
He hit out at the Labour Party, saying a Starmer government “plans to impose £18bn of cuts to public spending – after years of austerity, Brexit and the ongoing cost of living crisis”.
To avoid that, he said, and to “ensure that decisions about Scotland are made in Scotland, then you’ve got to vote SNP”.
“The SNP offers Scotland the hope of a better future – but you have to vote for it. This Thursday, vote SNP to put Scotland’s interests first,” he added.
Tories have ‘failed’ to support families in grief
The Liberal Democrats are continuing to unveil policies, focused on the NHS and reversing “heartless Tory cuts” to bereavement payments.
On the latter as it stands, a bereaved family where a spouse or partner has died receives a lump sum of up to £3,500, followed by a monthly payment of up to £350 for 18 months.
Image: Sir Ed Davey tries his hand at archery in Little Paxton, Cambridgeshire. Pic: PA
The party is calling for this period to be extended, and is pledging to inject an additional £440m a year into the system by 2028-29 to fund it.
Sir Ed Davey said in a statement: “Rishi Sunak’s government has failed to ensure families are not left struggling to pay the bills at such a difficult period of time.
“The Liberal Democrats would treat families and children who lose a loved one with dignity and provide the support they deserve.”
He also reiterated his party’s pledge to give people a legal right to see a GP within a week and start cancer treatment within two months, with Sir Ed saying that his party has “put health and care at the heart of our fair deal for the country”.
Farage goes on the attack
Meanwhile, Reform UK is on the offensive after facing a slew of racism allegations over recent days.
Image: Nigel Farage during a BBC Question Time Leaders’ Special at the Midlands Arts Centre in Birmingham. Pic: PA
The party yesterday withdrew support for three candidates, and it came on the heels of Channel 4 news airing footage filmed undercover that showed Andrew Parker, an activist canvassing for Mr Farage, using the racial slur “P***” to describe the prime minister, describing Islam as a “disgusting cult”, and saying the army should “just shoot” migrants crossing the Channel.
Nigel Farage has gone on the attack, with the party saying it has reported Channel 4 to the elections watchdog for alleged “scandalous… interference” over what the party claims was a fake rant planted by the broadcaster.
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0:59
The key election words you need to know
Mr Farage also hit out at the BBC, saying he would refuse to appear on their flagship Sunday morning show until they apologise for their “dishonest” audience during a BBC Question Time special on Friday, accusing the broadcaster of having “behaved like a political actor throughout this election”.
He will hold a vast rally in Birmingham later today, after speaking to Sky News from Sunday Morning With Trevor Phillips at 8.30am.
Reform UK leader Nigel Farage will be joining Sky News’ Trevor Philips from 8.30am this morning on his last programme before the election – along with Deputy Prime Minister Oliver Dowden, Labour’s national campaign coordinator Pat McFadden, and SNP leader and Scottish First Minister John Swinney.
With US President Donald Trump threatening to sue the BBC, how likely is the broadcaster to pay out? And how have those across the political spectrum been reacting?
And with 15 days until Chancellor Rachel Reeves’s budget, Matthew McGregor – the chief executive of campaign group 38 Degrees and a former digital strategist for both Labour and Barack Obama – takes issue with Sam’s take from yesterday and sends in a voice note.
And Sam and Anne discuss the latest twist in the Your Party saga, and it’s all about money.
Brazil’s central bank completed rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.
Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.
The framework extends existing rules on consumer protection, transparency and Anti-Money Laundering (AML) to crypto brokers, custodians and intermediaries.
The rules will take effect on Feb. 2, 2026, with mandatory reporting for capital-market and cross-border operations set to begin on May 4, 2026.
Stablecoins under foreign exchange rules
Under Resolution 521, a purchase, sale or exchange of fiat-pegged virtual assets, including international transfers or payments using such assets, will be treated as foreign-exchange (FX) operations.
With this classification, stablecoin activity will be subject to the same scrutiny as cross-border remittances or currency trades.
Licensed FX institutions and the new SPSAVs will be able to perform these operations, subject to documentation and value limitations. According to the BCB, transactions with unlicensed foreign counterparts will be capped at $100,000 per transfer.
The rules also cover transfers to and from self-custodied wallets when intermediated by a service provider. This means that providers must identify the wallet’s owner and maintain their processes that verify the origin and destination of the assets, even if the transfer itself isn’t cross-border.
This provision extends AML and transparency obligations to areas previously considered outside the scope of regulated finance.
While the rules don’t explicitly ban self-custody, they close a key reporting gap, forcing regulated exchanges and brokers to treat wallet interactions like formal FX operations.
BCB says the goal is to promote efficiency and legal certainty
In the announcement, the BCB said its goal is to ensure “greater efficiency and legal certainty,” prevent regulatory arbitrage and align crypto activities with the country’s balance-of-payments (BoP) statistics, which means making stablecoin transfers visible in official financial data.
The move follows months of public consultation and growing concern from the central bank on the dominance of stablecoin use in Brazil. On Feb. 7, BCB President Gabriel Galipolo said that around 90% of crypto activity in Brazil involved stablecoins, mainly used for payments.
Galipolo said the widespread use of stablecoins in payments presented regulatory and oversight challenges, particularly in areas such as money laundering and taxation.
Brazil’s central bank said the new framework aims to curb scams and illicit activity while providing legal clarity to crypto markets.
For crypto builders, this may raise compliance costs and reshape how local platforms interact with global liquidity. Smaller crypto players will be forced to compete with bigger institutions and meet more stringent banking-grade standards.
The rules will take effect in February 2026, but market participants are expected to start restructuring before then.
For Brazil, where crypto activity is second only to Argentina in Latin America, the new regulations signal a decisive shift from experimentation to integrated oversight.
The new rules show that crypto is welcome in the Brazilian financial ecosystem, but it will have to play by the same rules as fiat money.
Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research.
Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a report released on Tuesday. The survey covered 1,000 institutional investors globally.
Roughly 73% of surveyed institutions are investing in crypto due to expectations of higher future returns, despite the industry still recovering from the record $20 billion market crash at the beginning of October.
However, investor sentiment continues facing uncertainty due to delays in key market catalysts, including the Market Structure bill and the approval of more altcoin exchange-traded funds (ETFs).
While this uncertainty may carry over into 2026, Sygnum’s lead crypto asset ecosystem researcher, Lucas Schweiger, predicts a maturing digital asset market, where institutions seek diversified exposure with long-term growth expectations.
“The story of 2025 is one of measured risk, pending regulatory decisions and powerful demand catalysts against a backdrop of fiscal and geopolitical pressures,” he said, adding:
“But investors are now better informed. Discipline has tempered exuberance, but not conviction, in the market’s long-term growth trajectory.”
Despite October’s correction, “powerful demand catalysts” and institutional participation remained at an all-time high, with the growing ETF applications signaling more institutional demand, added Schweiger.
Crypto staking ETFs may be the next institutional catalyst
Crypto staking ETFs may present the next fundamental catalyst for institutional cryptocurrency demand.
Over 80% of the surveyed institutions expressed interest in crypto ETFs beyond Bitcoin (BTC) and Ether (ETH), while 70% stated that they would start investing or increase their investments if these ETFs offered staking rewards.
Staking means locking your tokens into a proof-of-stake (PoS) blockchain network for a predetermined period to secure the network and earn passive income in exchange.
Meanwhile, investors are now anticipating the end of the government shutdown, which could bring “bulk approvals” for altcoin ETFs from the US Securities and Exchange Commission, catalyzing the “next wave of institutional flows,” according to Sygnum.