Connect with us

Published

on

Sir Keir Starmer has come under scrutiny over the past week for the more than £100,000-worth of gifts he has accepted.

It started with controversy over his wife’s clothes and has escalated since Sky News’ Westminster Accounts project revealed he has been gifted more freebies and hospitality than any other MP since 2019 – a total worth £107,145.

Starmer branded ‘ivory tower leader’ – latest updates

His acceptance of football tickets has proved particularly contentious, with some government officials reportedly concerned about a potential conflict of interest.

But what exactly has Sir Keir been criticised for, what are his party’s concerns, and what has he said about it?

His wife’s clothes

Talk of the PM’s gifts began last weekend, when The Sunday Times reported he had breached parliamentary rules by failing to declare some of his wife’s high-end clothes were bought for her by his biggest personal donor, Lord Alli.

Specifically, it was revealed Lord Alli, former chairman of online fashion retailer Asos, paid for a personal shopper, clothes, and alterations for Lady Victoria Starmer both before and after the Labour leader became prime minister in July.

Newly elected Prime Minister Sir Keir Starmer, with his wife Victoria Starmer, greet wellwishers as he arrives at his official London residence at No 10 Downing Street for the first time after the Labour party won a landslide victory at the 2024 General Election. Picture date: Friday July 5, 2024.
Image:
Sir Keir Starmer with wife Lady Victoria after election win in July. Pic: PA

MPs are required to register gifts and donations within 28 days of receiving them, but it is understood the donations for Lady Starmer’s clothes were submitted late.

Conservatives have been calling for an investigation into the potential breach of rules, which a spokesperson for Number 10 said was an oversight that had been corrected.

“We believed we’d been compliant, however, following further interrogation this month, we’ve declared further items,” the spokesperson told Sky News.

Sir Keir has also received – and disclosed – other gifts from Lord Alli totalling £39,122.

These donations included an unspecified donation of accommodation worth £20,437, “work clothing” worth £16,200, and multiple pairs of glasses equivalent to £2,485.

Some Tory MPs have condemned Sir Keir for accepting the gifts at all, with shadow science and technology secretary Andrew Griffith saying: “It beggars belief that the prime minister thinks it’s acceptable that pensioners on £13,000 a year can afford to heat their home when he earns 12 times that but apparently can’t afford to clothe himself or his wife.”

His comments refer to the government’s decision to cut winter fuel payments for most pensioners.

Please use Chrome browser for a more accessible video player

PM’s freebies explained

Football tickets

The Premier League is one of the biggest donors of hospitality, and Sir Keir – a renowned Arsenal fan – has received almost £40,000 in tickets overall since December 2019.

He has declared £12,588 of gifts from the Premier League, numerous hospitality tickets to Arsenal matches costing well over £10,000 in total, plus two Euros finals tickets costing £1,628 and thousands of pounds’ worth of tickets from other Premier League clubs.

Sir Keir Starmer in the stands of Premier League match between Brighton and Arsenal in April. Pic: PA
Image:
Sir Keir Starmer in the stands of Premier League match between Brighton and Arsenal in April. Pic: PA

Sky News has learnt officials are warning the prime minister that he could be opening himself up to inappropriate lobbying by continuing to accept football tickets, as the government is planning to set up an Independent Football Regulator for the professional men’s game.

Ministers are usually told to avoid hospitality from any organisation connected to an ongoing government regulatory decision.

Talk over his gifts, which include four tickets to a Taylor Swift concert totalling £4,000, also comes amid controversy over the prices concert-goers and football fans are having to pay to attend events.

What has Starmer said in response to criticism?

Please use Chrome browser for a more accessible video player

PM wants ‘transparency’ over donations

Speaking to journalists this week, the prime minister said “all MPs get gifts” and he thinks the need to declare them is “a good framework”.

“Wherever there are gifts from anyone, I’m going to comply with the rules,” he said.

“It’s very important to me that the rules are followed. I’ve always said that. I said that before the election. I reinforced it after the election.

“And that’s why shortly after the election, my team reached out for advice on what declarations should be made so it’s in accordance with the rules.

“They then sought out for further advice more recently, as a result of which they’ve made the relevant declarations.”

On his acceptance of Arsenal tickets, he added: “I’m a massive Arsenal fan. I can’t go into the stands because of security reasons. Therefore, if I don’t accept a gift of hospitality, I can’t go to a game. You could say: ‘Well, bad luck’.

“That’s why gifts have to be registered. But… never going to an Arsenal game again because I can’t accept hospitality is pushing it a bit far.”

Read more:
Explained: How MPs declare financial interests

How to check your own MP’s earnings and donations
Tugendhat says Starmer gifts ‘raise questions’

Another of the opposition’s critiques of the PM has been his so-called “hypocrisy”.

On Sunday, former home secretary and Tory leadership hopeful James Cleverly told Sky News Sir Keir was “very, very critical of the Conservatives” over similar controversies and had “basically got his job by criticising others”.

While Sir Keir didn’t comment on gifts during his election campaign, he regularly labelled former PM Rishi Sunak and his government as “out of touch” with the public’s financial struggles.

Some of the PM’s cabinet members have leapt to his defence – though with differing arguments in his favour.

Business Secretary Jonathan Reynolds told Sky News Sir Keir works “incredibly hard” and therefore deserves a “wider life experience” rather than simply working every second of the day.

Please use Chrome browser for a more accessible video player

Business secretary: ‘No objection’ to Starmer gifts

Foreign Secretary David Lammy has argued prime ministers and their spouses must “look their best” on the world stage, and therefore accepting gifts of clothes is acceptable when there is no taxpayer-funded budget for it.

But there have been murmurings of discontent within the Labour Party, with some backbenchers telling Sky News they are deeply frustrated with the way this story has been handled by Sir Keir’s top team.

Continue Reading

Politics

Industry calls for urgent crypto law reforms after Australian election

Published

on

By

Industry calls for urgent crypto law reforms after Australian election

Industry calls for urgent crypto law reforms after Australian election

The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn’t fall further behind global markets.

The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National Parties on 45.1%. Both parties went to the election promising crypto law reform, but only the opposition pledged to deliver draft legislation within 100 days.

Joy Lam, Binance’s head of global regulatory and APAC legal, said the exchange has been consulting with Treasury officials since late 2023 about its proposed legislation, and it was now time for action.

“Timing is really quite critical now because obviously it’s something that has been discussed and kicked around for quite a few years,” she told Cointelegraph.

Coinbase managing director for APAC John O’Loghlen said the reelected Albanese Government has the “opportunity and the responsibility to move quickly on this issue” and called for a Crypto-Asset Taskforce to be established within its first 100 days “with the aim of bringing forward legislation that protects consumers, promotes innovation, and stops the exodus of talent and capital to other markets.”

Cryptocurrencies, Australia, Bitcoin Regulation
Reelected Prime Minister Anthony Albanese. Source: Anthony Albanese

BTC Markets CEO Caroline Bowler said that “beyond the political implications, this result sets the stage for meaningful progress in Australia’s approach to digital asset regulation.”

Lam noted that the UK released its draft regulations last week, stablecoin bills are moving forward in the US, and the EU has already implemented its MiCA legislation.

“So there’s a very clear shift. Everyone’s moving towards providing the regulatory framework that is needed for the industry to develop in a sustainable way. So time is really of the essence now.”

Draft crypto legislation within months

Treasurer Jim Chalmers’ office told Cointelegraph that exposure draft legislation would be released sometime this year for consultation, and any legislated reforms would be “phased in over time to minimize disruptions to existing businesses.”

Although the Treasury has draft legislation on “regulating digital asset platforms” and “payments system modernization” scheduled for release by the end of June, Lam isn’t confident. “I don’t know whether this quarter specifically is still sort of the timeline,” she said.

Related: Australian election will bring pro-crypto laws either way

While the ALP has been attacked by some over not taking any action in its first term in government, that may actually have resulted in a better outcome than legislation that took its cues from the approach of Joe Biden’s administration, which took a hard line on banks dealing with cryptocurrency and viewed most coins as securities. 

Industry figures report a noticeable evolution in the government’s approach to crypto between when proposals were first put out for consultation at the end of 2023 and when the Treasury released its much more positive “Statement on Developing an innovative Australian digital asset industry” in March this year.

Cryptocurrencies, Australia, Bitcoin Regulation
Australia Votes running tally on the Australian election. Source: ABC

The statement sets out key priorities, such as using the existing Australian Financial Services License (AFSL) regime to underpin the regulation of Digital Asset Platforms and payment stablecoins. It’s focused on the safe custody of client assets by centralized providers and sidesteps issues around decentralized finance platforms

Lam welcomed the use of the AFSL regime. “Obviously, we don’t need to reinvent the wheel,” she said. “It’s something that people know and understand. It’s a pretty sensible move, and it’s also going to be much easier for regulators.”

Tokenization and sandbox

The government will also review the Enhanced Regulatory Sandbox, which aims to provide space for innovative digital asset startups to grow free of red tape. The statement also highlights opportunities with tokenization.

Lam said the change in emphasis showed the government has been listening to the industry. 

“It reflects the industry feedback that they would have received in 2023 as a result of the consultation, as well as the changing landscape because obviously it’s been evolving pretty quickly internationally,” Lam said.

“They do have the benefit now of looking at what has worked and hasn’t worked in other jurisdictions, and really building on those lessons.”

Dea Markovy, policy director at Fireblocks, told Cointelegraph that “a lot of the groundwork and research is done” and it was looking broadly positive.

“Of course, a lot of details are still to come around Australia’s Digital Asset Platforms (DAPs) regime. What is significant here is the willingness of the Government to cut through the complexity and uncertainty on crypto intermediaries licensing.” 

The securities regulator ASIC released its own crypto regulations proposals (INFO 225) in December, and feedback from those consultations will help inform the government’s new legislation. 

“In essence, it details how different token issuances and crypto intermediation will fit into Australia’s existing securities legislation, providing for a transition period,” explained Markovy.

The draft guidance suggests NFTs, in-game assets and memecoins are not financial products — the local equivalent of a “security” — while a yield-bearing stablecoin or a gold-backed token probably are.

The Treasury statement also highlighted issues with debanking. Lam said that simply regulating the industry would go a long way toward solving the issue.

“What we really want from governments and regulators is that clean licensing framework, because that goes a long way to mitigating the risk and giving the banks the comfort that they need,” she said. “And then, there’s probably going to need to be some additional guidance given to banks.”

Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet

Continue Reading

Politics

Wes Streeting denies Labour has made ‘mistakes’ with ‘unpopular’ policies despite poor local election results

Published

on

By

Wes Streeting denies Labour has made 'mistakes' with 'unpopular' policies despite poor local election results

Health Secretary Wes Streeting has defended “unpopular” policies such as the cut to the winter fuel allowance despite Labour’s poor performance at the local elections.

Mr Streeting denied the government had made any mistakes when asked whether the policy was partly to blame for the party losing 189 council seats less than a year since the General Election.

Since coming into government last July, Labour has enacted a number of policies that were not in its manifesto.

These include means-testing winter fuel payments for pensioners, increasing employers’ national insurance contributions and slashing £5bn from the welfare bill.

Asked what mistakes his government had made so far that had led to its drubbing at the ballot box, Mr Streeting told Sunday Morning with Trevor Phillips: “Well, we will make plenty of mistakes.”

Politics latest: Lucy Powell ‘right’ to apologise for grooming gangs comments

Pressed again on whether he believed “mistakes” had been made, the health secretary replied: “No. When we made those choices, we knew they would be unpopular. And we knew that they would be opposed.

“The reason we made those choices is because we genuinely believe they’re the right choices to get the country out of the massive hole it was left in. And right across the board. Whether it’s the NHS, whether it’s schools, whether it’s prisons, whether it’s our defence and security, whether it’s crime and policing, there were enormous challenges facing this country when we came in.

“And we’ve had to make big and sometimes unpopular decisions so that we can face those challenges and deal with them. People might thank us if we just kind of go for the easy but we want to make the right choices.”

Some Labour MPs have urged the government to change direction, with one telling Sky News the cut to winter fuel was a “catastrophic error” that must be “remedied” if the party is to see any improvement in public opinion.

Others have warned that in courting Reform voters, the party risks fracturing its coalition of voters on the left who may be tempted by the Liberal Democrats and Green Party.

However, in the aftermath of the local elections, Sir Keir Starmer suggested the poor results meant he needed to go “further and faster” in delivering his existing agenda.

Please use Chrome browser for a more accessible video player

Inside Reform’s election success

The real victor to emerge from Thursday’s local elections was Reform UK, which won control of 10 councils and picked up 677 council seats largely at the expense of the Conservatives in the south.

However, Reform also won the Runcorn by-election from Labour by just six votes, as well as control of Doncaster Council from Labour – the only local authority it had control of in this set of elections – in a significant win for Nigel Farage and his party.

The Reform UK leader declared that two-party politics was now “finished” and that his party was now the official “opposition” to Labour.

Asked whether the results meant that Labour would now treat Reform as “your most serious opposition”, Mr Streeting said: ” I certainly do treat them as a serious opposition force.”

“As I say, I don’t know whether it will be Reform or the Conservatives that emerge as the main threat,” he added.

“I don’t have a horse in that race, but like alien versus predator, I don’t really want either one to win.”

Read more:
Reform’s mission to ‘remoralise’ young people
Reform has put the two traditional parties on notice

Please use Chrome browser for a more accessible video player

Reform UK are ‘fighting force’

Tory Party chairman Nigel Huddleston said Reform UK was not just a protest party and that Mr Farage was “a force in British politics”.

He told Trevor Phillips: “But the one thing about Nigel Farage is, and we’re seeing this again and again and again, he is a populist.

“He is increasingly saying everything that anybody wants to hear. He’s trying to be all things to all men.”

“We are establishing ourselves as a credible alternative government based on sound conservative principles and values and our values and our principles, and therefore our policies, will define the future of our party,” he added.

Continue Reading

Politics

It is ‘feasible’ Nigel Farage could be the next prime minister, says Kemi Badenoch

Published

on

By

It is 'feasible' Nigel Farage could be the next prime minister, says Kemi Badenoch

Kemi Badenoch has admitted it is “feasible” that Nigel Farage could become the next prime minister.

The Tory leader told the BBC’s Sunday With Laura Kuenssberg programme Mr Farage’s party was “expressing the feeling of frustration that a lot of people around the country are feeling” – but added it was her job to “come up with answers and solutions”.

Asked if it was feasible that Mr Farage could be the next prime minister, she cited how Australian Prime Minister Anthony Albanese had won re-election this weekend.

“As I said, anything is feasible,” she said. “Anthony Albanese: people were writing him off. He has just won a landslide, but my job is to make sure that he [Farage] does not become prime minister because he does not have the answers to the problems the country is facing.”

Politics latest: Lucy Powell ‘right’ to apologise for grooming gangs comments

Please use Chrome browser for a more accessible video player

Could Nigel Farage be prime minister?

Asked what Mr Farage was doing right, Ms Badenoch said: “He is expressing the feeling of frustration that a lot of people around the country are feeling.

“But he also doesn’t have a record in government like the two main parties do. Now he’s going to be running some councils. We’ll see how that goes.”

Mr Farage was the undoubted winner of Thursday’s local elections, in which 23 councils were up for grabs.

His party picked up 677 council seats and took control of 10 councils.

By contrast, the Conservatives lost 677 council seats as well as control of 18 councils in what was their worst local elections performance on record.

Mr Farage said the outcome spelt the end of two-party politics and that his party was now the official “opposition” to Labour – with the Tories having been rendered a “waste of space”.

Read more:
Reform has put the two traditional parties on notice

‘I get it’: Starmer responds after losing Runcorn by-election

Ms Badenoch said she believed the vote for Mr Farage on Thursday was partly down to “protest” but added: “That doesn’t mean we sit back. We are going to come out fighting.

“We are going to come out with the policies that people want to see, but what we are not going to do is rush out and tell the public things that are not true just so we can win votes.

“This is not about winning elections; this is about fixing our country. Yes, of course, you need to win elections to do that, but you also need a credible plan.”

Please use Chrome browser for a more accessible video player

‘Farage is a force in British politics’

Conservative co-chairman Nigel Huddleston sought to play down the threat from Reform UK, telling Sky News: “When they’re in a position of delivering things, that’s when the shine comes off.”

He told Sunday Morning with Trevor Phillips: “The one thing about Nigel Farage is, and we’re seeing this again and again and again, he is a populist.

“He is increasingly saying everything that anybody wants to hear. He’s trying to be all things to all men.”

“We are establishing ourselves as a credible alternative government based on sound conservative principles and values and our values and our principles, and therefore our policies, will define the future of our party,” he added.

Asked whether the results meant that Labour would now treat Reform as “your most serious opposition”, Health Secretary Wes Streeting told Trevor Phillips: ” I certainly do treat them as a serious opposition force.”

“As I say, I don’t know whether it will be Reform or the Conservatives that emerge as the main threat,” he added.

“I don’t have a horse in that race, but like alien versus predator, I don’t really want either one to win.”

Continue Reading

Trending