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Children’s health is facing a deadly crisis, with life-threatening illnesses, obesity, eating disorders, and infectious diseases soaring, a shock new government report reveals.

Sir Keir Starmer is blaming the Conservatives for a “broken NHS” and claims the Tories’ NHS reforms are “unforgivable and “hopelessly misconceived”.

The shocking findings on the deteriorating health of the nation’s children are revealed in a study by leading cancer surgeon and former health minister Lord Darzi.

He is raising the alarm bell on issues including:

• Falling vaccination rates for key childhood vaccinations – some declining for a decade – making measles and other infectious diseases more common;

• Prescriptions for ADHD medication for children and young people up 10% in the past year;

• Hospital admissions for children and young people with eating disorders up 82% since 2019-20;

• Children from most deprived backgrounds are now twice as likely to be obese by age five, and one in three children is obese by 11 in the poorest communities;

• Life-threatening and life-limiting conditions among children are up 40% in the past 20 years.

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“Too many are being let down,” Lord Darzi says in his report.

“Childhood is precious because it is brief; too many children are spending too much of it waiting for care. It is apparent that the NHS must do better,” he adds.

Lord Darzi’s report for Health Secretary Wes Streeting also reveals that more than 100,000 infants up to the age of two were left waiting for more than six hours in A&E departments in England last year.

He found a 60% rise in waiting times for that age group over the past 15 years, and 800,000 children and young people on NHS waiting lists for hospital treatment.

File pic: iStock
Image:
File pic: iStock

Some 175,000 were waiting between six and 12 months, and 35,000 waiting for more than a year, the report says.

He also uncovered that nearly 500,000 children and young people were on waiting lists for mental health support and that 160,000 of them had been waiting for over 12 months.

NHS is ‘broken’

Speaking ahead of the report’s publication, Sir Keir said: “The impacts of a broken NHS are being felt across the whole of our society – our children included.

“The challenges we’ve inherited are stark, but I’m determined to fix the foundations so that we not only rebuild our health service, but crucially also reform and renew it for the benefit of future generations.

“That also means equipping the NHS to prevent ill health, not just to treat it – so that all of us can live longer, healthier lives, from childhood to old age.”

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Health secretary: It’s clear to me the NHS is broken

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And in a TV interview, the prime minister said: “Everybody watching this who has used the NHS, or have relatives who have, know that it’s broken, they know that it’s broken, that is unforgivable, the state of our NHS.”

On the reasons for the crisis, Sir Keir said: “The money that was taken out of the NHS, particularly in the early years of the coalition from 2010 onwards, the Lansley reforms, which were hopelessly misconceived, and then of course COVID on top of all that, which has put us in this awful position for the NHS.”

He added: “It’s the last government that broke the NHS. Our job now, through Lord Darzi, is to properly understand how that came about and bring about the reforms, starting with the first steps – the 40,000 extra appointments. But we’ve got to do the hard yards of reform as well.”

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June: Starmer on reducing NHS waiting lists

Responding to the report, general secretary of the Royal College of Nursing Professor Nicola Ranger said that “patient care is not at the standard it should be”.

“School nurse levels were slashed by the last government and that has had direct consequences on children’s health,” she said.

“Today’s children and adolescents, without early years or mental health support, pay a price similar to the most vulnerable adults without care packages.

“This week’s report must begin to provide answers and health and care professionals will look closely at where ministers see their role. A chronically understaffed NHS will remain a broken NHS.”

Shadow health secretary Victoria Atkins said: “After 14 years in opposition, with time to think about the issues facing modern-day healthcare, Labour’s instinct is to politicise children’s health, rather than provide solutions and reform of our NHS.”

She said that the Tories “always acknowledged there are pressures” on the health service, including the “impact of social media” and “growing reluctance in some parts of society to vaccinate children”.

“To find solutions to these issues requires serious and sober thinking, not headline chasing,” she added.

“Sadly, all Labour has done in health since the election is issue press releases, appoint cronies and give a budget-busting pay rise to striking junior doctors, with no plans for reform.”

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EU may consolidate crypto regulations, IMF warns of stablecoin risk: Global Express

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EU may consolidate crypto regulations, IMF warns of stablecoin risk: Global Express

European tech regulators have fined social media platform X 120 million euros ($140 million) for breaking EU rules pertaining to online content.

The fine follows a two-year investigation under the Digital Services Act (DSA), which reportedly found that X was not doing enough to tackle illegal and harmful material.

Regulators also said that the blue check marks on Elon Musk’s platform were deceiving. They did not follow industry decisions and negatively impacted users’ ability to make informed decisions about the authenticity of an account.

The fine is part of a wider crackdown on Big Tech companies, particularly social media. TikTok reported it had avoided a fine by making concessions.

The actions against X are bound to create tension with the US. Vice President JD Vance said that EU regulators shouldn’t be “attacking” American companies.

Source: JD Vance

The DSA will also apply to crypto platforms, DeFi frontends and NFT marketplaces if they grow to a sufficiently large size. It can influence how these platforms handle ads, user-directed content and market financial instruments.

EU banks launch euro-stablecoin firm as EU considers ESMA crypto oversight

A group of 10 European banks, including institutional heavyweights such as BNP Paribas, is planning to launch a stablecoin backed by the euro by the second half of 2026.

BNP Paribas partnered with Danish Danske Bank, the Netherlands’ ING, Austria’s Raiffeisen Bank International and others to create and incorporate the project as Qivalis. The company will be based in Amsterdam.

Qivalis CEO Jan-Oliver Sell said that stablecoins provide both convenience and monetary autonomy “in the digital age.” He said it will give “new opportunities for European companies and consumers to interact with on-chain payments and digital asset markets in their own currency.”

The new project was announced days before the European Commission proposed expanding the powers of the EU’s key financial regulator, the European Securities and Markets Authority (ESMA).

The proposal, released Thursday, would transfer supervision “over significant market infrastructures such as certain trading venues, Central Counterparties (CCPs), CSDs, and all Crypto-Asset Service Providers (CASPs)” to the ESMA.

The move is part of a broader effort to streamline European market regulation. Three countries — France, Italy and Austria — have requested that the ESMA take over crypto regulations. This followed concerns that there was uneven enforcement of Markets in Crypto-Assets (MiCA) standards across member states.

Related: What is Markets in Crypto-Assets (MiCA)?

Spot crypto assets to begin trading on futures market, CFTC says

In the United States, the Commodity Futures Trading Commission (CFTC) has approved spot cryptocurrency products to trade on futures markets.

Acting Chair Caroline Pham said that the move brings these products onshore to “safe U.S. markets.” She said the approval followed recommendations from the White House’s Working Group on Digital Asset Markets and engagement with the Securities and Exchange Commission (SEC).

Earlier this year, the SEC and CFTC established the “Crypto Sprint” initiative to share recommendations and consult on best practices.

Source: Acting CFTC Chair Caroline Pham

Pham became acting chair at the beginning of the year. She is expected to step down when the Trump administration’s nominee, Michael Selig, is approved by Congress.

South Africa flags crypto risks; new rules in the works

The South African Reserve Bank, the country’s central bank, issued a warning on Nov. 25 about the perceived risks associated with stablecoins and cryptocurrencies. These include a lack of comprehensive regulations.

The bank was concerned that the global and borderless nature of cryptocurrencies would make them ideal for skirting financial regulations.

South Africa is second on the continent for value received in crypto. Source: Chainalysis

Herco Steyn, the bank’s lead macroprudential specialist, reportedly said the risk stemmed from “the lack of a complementary and full regulatory framework, which is not possible at the moment.”

In 2023, he wrote, “Regulatory influence over stablecoin issuers – whether domiciled domestically or abroad – may result in spillovers from the crypto asset ecosystem to the traditional financial system, particularly if South African regulatory authorities are unable to impose prudential requirements on stablecoin issuers.”

To address this, the reserve bank is reportedly working on new rules with the National Treasury to monitor cross-border crypto transactions and change exchange control laws so they fall under regulatory scrutiny.

IMF warns stablecoins could upend fragile financial systems

On Thursday, the International Monetary Fund (IMF) published a report on stablecoins outlining a number of risks, including:

  • Volatility in value and runs

  • Disintermediation of banks

  • Interconnection with the financial system

  • Currency substitution.

It said that the “use of foreign currency-denominated stablecoins, especially in cross-border contexts, could lead to currency substitution and potentially undermine monetary sovereignty, particularly in the presence of unhosted wallets.”

The IMF also noted that many major stablecoin issuers don’t provide or offer any redemption rights for holders. “Uncertainty of treatment in case of insolvency of stablecoin issuer may also accelerate runs,” it said.

Runs would also create first-mover advantages when there is a crisis of confidence, which could result in investors selling their holdings at a significant discount.

The IMF did acknowledge possible benefits of stablecoins, including faster transactions compared to bank transfers, particularly in the context of cross-border transactions and remittances. They can also facilitate digital payment in remote areas and reduce counterparty risk when integrated with smart contracts.

Magazine: Indian investors look beyond Bitcoin, Japan to soften crypto tax: Asia Express