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Applications for pension credit hit nearly 75,000 in the eight weeks since the new chancellor announced the winter fuel payment for pensioners would be means-tested for the first time.

Figures released on Friday by the Department for Work and Pensions figures showed there were around 74,400 pension credit claims in the eight weeks since 29 July.

This is up from 29,500 claims in the eight weeks before the announcement.

Politics latest: SNP demands probe into Labour donations row

But in the seven days beginning on 16 September, the government received 11,800 claims – down from 13,400 the week before.

The new Labour government announced in July that only elderly people in receipt of benefits such as pension credit and universal credit would receive help worth up to £300 with their fuel bills over winter, whereas previously it was universal.

Labour has sought to justify its decision by saying it needs to stabilise the economy after the Tories left behind a £22bn financial “black hole”.

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The leader of Unite has urged the government to reverse its decision to cut pensioners’ winter fuel allowance, calling the policy

Ministers launched vast efforts to boost take-up of pension credit among eligible pensioners, with the Work and Pensions Secretary Liz Kendall saying “thousands” were missing out on the payment of an average of £3,900 per year.

The government has come under fire from all quarters for the cut, with Labour members at the party’s conference voting in favour of a motion calling for ministers to reverse their cut to the winter fuel allowance, in an embarrassing blow to the prime minister.

The motion was put forward by the trade union Unite, which has accused the government of embarking on “austerity mark two”.

Sharon Graham, the general secretary of Unite and outspoken critic of Sir Keir, moved the proposal by quoting Labour’s election-winning post-war manifesto, which she said was “one of hope”.

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The government was defeated on a vote at the Labour Party conference – on whether to reverse its decision to end winter fuel payments for pensioners.

She added: “I do not understand how our new Labour government can cut the winter fuel allowance for pensioners and leave the super-rich untouched.

“This is not what people voted for. It is the wrong decision and needs to be reversed.”

But Ms Kendall defended the much-criticised cut to the benefit, claiming “this Labour government has done more to help the poorest pensioners in the last two months than the Tories did in 14 years”.

Rachel Reeves outlines her 'ambition' for the economy
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Rachel Reeves has refused to back down

Chancellor Rachel Reeves has also held firm, insisting at the party conference that the policy would not be changed.

She told a fringe event on Tuesday that parliament had already voted on restricting winter fuel payments, and that “there was overwhelming support” for it.

SNP Westminster Leader Stephen Flynn said the prime minister “must finally listen to voters, admit he got it wrong, and U-turn on the Labour government’s damaging cuts to the Winter Fuel Payment for millions of pensioners”.

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But a Labour spokesperson said: “The Tories wrecked our economy and left a £22bn black hole in the public finances. They made commitments they couldn’t pay for, covered it up and ran away.

“The Labour Party was elected on our manifesto commitment to sound fiscal rules, economic growth is our primary mission and we will take the tough decisions now to rebuild Britain and make every part of the country better off.”

Read more from Sky News:
Pensioners in legal action against government over winter fuel cut
Time to ‘shine or crash’ for Tory leadership rivals

A government spokesperson said: “We are committed to supporting pensioners, with millions set to see their state pension rise by £1,700 this parliament through our commitment to the triple lock.

“Given the dire state of the public finances we have inherited, it’s right we target support to those who need it most.

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“Over a million pensioners will still receive the winter fuel payment, and our drive to boost pension credit take-up has already seen a 152% increase in claims.

“Many others will also benefit from the £150 warm home discount to help with energy bills over winter while our extension of the household support fund will help with the cost of food, heating and bills.”

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Crypto volatility may spike if US election is ‘too close to call’ —FalconX

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Crypto volatility may spike if US election is ‘too close to call’ —FalconX

An analyst warns that “volatility” could emerge if the US election results are close, but traders will be relieved once it’s over, giving the market “firmer ground.”

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Robert Jenrick or Kemi Badenoch to be crowned Tory leader today – but whoever wins contest faces daunting task

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Robert Jenrick or Kemi Badenoch to be crowned Tory leader today - but whoever wins contest faces daunting task

The next leader of the Conservative party will be announced today, following a run-off between Kemi Badenoch and Robert Jenrick.

The winner will replace Rishi Sunak as the leader of the opposition, after he led the party to a crushing election defeat in July, losing almost two thirds of its MPs.

His successor faces the daunting task of rebuilding the Tory party after years of division, scandal and economic turbulence, which saw Labour eject them from power by a landslide.

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Voting by tens of thousands of party members, who need to have joined at least 90 days ago, closed on Thursday. Both candidates have claimed the result will be close.

The Conservatives do not disclose how many members the party has, but the figure was about 172,000 in 2022, and research suggests they are disproportionately affluent, older white men.

Both candidates are seen as on the party’s right wing. Kemi Badenoch, 44, is the former trade secretary, who was born in London to middle-class Nigerian parents but spent most of her childhood in Lagos.

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After moving back to the UK aged 16, she stayed with a family friend while taking her A-levels, and has spoken of her time working at McDonald’s as a teenager.

Having studied computer science at Sussex University, she then worked as a software engineer before entering London politics and becoming MP for Saffron Walden in Essex in 2017.

Ms Badenoch prides herself on being outspoken and has said the Conservatives lost because they “talked right and governed left”. But her critics paint her as abrasive and prone to misspeaking.

At the Conservative Party conference, a crucial staging post in the contest, she began her speech which followed three other male candidates by saying: “Nice speeches, boys, but I think you all know I’m the one everyone’s been waiting for.”

Robert Jenrick and Kemi Badenoch,
Pic: PA
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Robert Jenrick and Kemi Badenoch. Pics: PA

Her rival Robert Jenrick, 42, has been on a political journey. Elected as a Cameroon Conservative in 2014, he was one of the rising star ministers who swung behind Boris Johnson as prime minister and was later a vocal supporter of Rishi Sunak.

But he resigned as immigration minister in December 2023, claiming Sunak’s government was breaking its promises to cut immigration.

Read more:
Badenoch hits back at criticism from MPs

Tory cabinet knew Rwanda Bill wouldn’t work – Jenrick

The MP for Newark in Nottinghamshire says he had a “working-class” upbringing in Wolverhampton. He read history at Cambridge University and worked at Christie’s auctioneers before winning a by-election.

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October: Jenrick v Badenoch for Tory leadership

After a long ministerial career where he was seen as mild-mannered, he is said to have been “radicalised” by his time at the Home Office and has focused his campaign on a promise to slash immigration and leave the European Convention on Human Rights to “stand for our nation and our culture, our identity and our way of life”.

He has put forward more policies than his rival, but attracted criticism for some of his claims – including that Britain’s former colonies owe the Empire a “debt of gratitude”.

A survey of party members by the website Conservative Home last week put Kemi Badenoch in the lead by 55 points to Mr Jenrick’s 31 with polls still open.

James Cleverly, the shadow home secretary and seen as a more centrist candidate was knocked out of the race last month. One of his supporters, the Conservative peer and former Scotland leader Ruth Davidson, has predicted neither Mr Jenrick nor Ms Badenoch will stay as leader until the next general election.

She told the Sky News Electoral Dysfunction podcast: “I’ve now voted for Robert Jenrick, who I don’t think will win. I struggle to believe that the person that’s the next leader of the Tory party is going to take us into the next election in five years’ time and I struggle to believe that they’re going to leave the leadership at a time of their own choosing.”

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‘All candidates should get job in shadow cabinet’

Henry Hill, deputy editor of ConHome, said the contest which Tory officials decided would take almost three months, has not led to enough scrutiny – because the MP rounds of voting took so long.

“We know much less [about them] than I think we should”, he said. “The problem with this contest is the party decided to go really long, but at the same time, they confined the membership vote – with just the final two – to just three weeks, and ballots dropped halfway through that process.

“We had months and months with loads of candidates in the race, but also that was the MP rounds and you’d think the MPs will have a chance to get to know these people already. For the actual choice the members are going to be making, there has been barely any time to scrutinise that.

He added: “I think the party remembers Liz Truss and Rishi Sunak taking weeks to take lumps out of each other in 2022 and wanted to avoid that. But it means the two campaigns haven’t really been attacking each other and that tends to be how you expose people’s weaknesses.”

(left to right) Tory leadership candidates, Kemi Badenoch, Robert Jenrick , James Cleverly and Tom Tugendhat, stand together on stage after delivering their speeches during the Conservative Party Conference at the International Convention Centre in Birmingham. Picture date: Wednesday October 2, 2024.
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(L-R) Ms Badenoch, Mr Jenrick, and previous leadership rivals James Cleverly and Tom Tugendhat at the Conservative Party conference. Pic: PA

After 14 years in government under five prime ministers, it is not since David Cameron in 2005 that the party has elected a leader to go into opposition – with a long road until the next general election.

Veteran ex-MP Graham Brady, who served as chair of the backbench 1922 committee, told Sky News that the position was more hopeful than after the 1997 landslide.

He said: “The biggest challenge for a leader of the opposition in these circumstances is just to be heard, to be noticed. I came into the House of Commons in 1997 at the time of that huge Blair landslide.

“We worked very, very hard in opposition during that parliament, and at the next general election [in 2001], we made a net gain of one seat.

“Now, there is a huge difference between now and 1997. The Blair government remained very popular and Tony Blair personally remained very popular through that whole parliament and beyond. And in 100 days or so, Keir Starmer has already fallen way behind.

“So I think we’ve got a great opportunity. I don’t think we’re up against an insuperable challenge, but it’s a big challenge.”

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Grant Shapps’ warning for next Tory leader

Kate Fall, now Baroness Fall, worked with Lord Cameron in opposition and later in Downing Street when he was prime minister in the coalition government. She said the next leader needed to keep the party “united and disciplined”.

“The first thing is to think about why we lost. The second thing is what do we have to say? Then they need to be agile, they need to be reactive, but pick their fight, not fight over everything. They also need to get out and about,” she said.

Lord Cameron travelled around the country holding question and answer sessions called Cameron Direct. “When you’re prime minister, you can’t do that as much as you like. But as leader of the opposition you can get out, talk to people, we thought it was very trendy to have a podcast and so on.”

She says this week’s budget gives the next leader “an ideological divide” to get into, but warns that the next leader must not risk alienating former Tories who switched to Labour and the Lib Dems.

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The leader of the opposition will cut their teeth at weekly Prime Minister’s Questions sessions opposite Sir Keir Starmer and respond to set piece events such as the budget.

They will need to get the party’s campaign machine ready for the local elections in England in May 2025, Scottish elections in 2026 and the next general election expected in 2029.

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Coinbase finds over ’20 examples’ of FDIC telling banks to avoid crypto

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<div>Coinbase finds over '20 examples' of FDIC telling banks to avoid crypto</div>

Coinbase’s chief legal officer declares that the “contents are a shameful example of a government agency trying to cut off financial access to law-abiding American companies.”

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