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Alex Salmond has died at the age of 69.

Love or loathe Mr Salmond – who was described as a “Marmite man” during his high-profile court case – few would dispute his skill and achievements as a politician.

Under the leadership of the keen golfer and horse racing fan, the SNP rose to power and became a titan party north of the border.

Some would argue if it were not for the political talent of Mr Salmond, there would have been no Scottish independence referendum at all in 2014.

Alex Salmond. File pic: AP
Image:
Mr Salmond. File pic: AP

As the tributes flood in following his death, we take a look at the man who was once first minister of Scotland.

Mr Salmond was first elected to Westminster in 1987 as the SNP MP for Banff and Buchan – a position he retained until 2010.

In 1990, he successfully defeated Margaret Ewing in the SNP leadership contest and would go on to campaign for Scottish devolution in 1997.

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Mr Salmond’s speech after becoming SNP leader in 1990

Former SNP leader Alex Salmond gives the victory sign after speaking at the party conference in 1997. File pic: Reuters
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Mr Salmond after speaking at the SNP party conference in 1997. Pic: Reuters

In 1999, after the establishment of the Scottish Parliament as a result of devolution, he led his party through the first Scottish parliament election and became MSP for Banff and Buchan as well as leader of the opposition – with Labour in power.

From left: SNP Deputy Convenor John Swinney, Vice Convenor Nicola Sturgeon, Leader Alex Salmond and Chief Executive Mike Russell sit down outside the Holiday Inn hotel in Edinburgh after a press conference held the day after Scottish parliamentary elections.
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John Swinney, Nicola Sturgeon, Alex Salmond and Mike Russell in 1999. Pic: PA

A year later, Mr Salmond quit as SNP leader amid a series of high-profile fallouts with party members and was replaced by current first minister John Swinney.

In 2001, he then stood down from Holyrood in order to lead the SNP group at Westminster.

Following a disastrous 2004 European parliament election for the SNP, Mr Swinney stepped aside as party leader with Mr Salmond re-elected with overwhelming support from the party’s members.

Following a highly effective campaign in the 2007 Scottish election, the SNP gained 20 seats, giving the party a total of 47 seats in Holyrood – one more than Scottish Labour.

Alex Salmond and his wife Moira leave the Scottish Parliament chamber after the vote to elect him as First Minister in 2007. File pic: Reuters
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Mr Salmond and his wife Moira leaving the Scottish parliament chamber after he was elected as first minister in 2007. Pic: Reuters

Although the party didn’t have an overall majority, new Gordon MSP Mr Salmond became first minister of Scotland in 2007.

File photo dated 24/05/07 of Queen Elizabeth II meets Scottish First Minister, Alex Salmond at Holyroodhouse, Edinburgh. The former Scotland first minister and current Alba Party leader has died aged 69. Issue date: Saturday October 12, 2024.
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The late Queen Elizabeth II and Mr Salmond at Holyroodhouse in 2007. Pic: PA

In the 2011 Scottish elections, the SNP secured the first outright majority in the history of the Scottish parliament, and Mr Salmond won a second term as first minister while MSP for the new constituency of Aberdeenshire East.

Scotland's First Minister Alex Salmond and Deputy First Minister Nicola Sturgeon hold copies of the White Paper after it was launched at the Science Centre in Glasgow. The Scottish Government has published its white paper on independence, outlining how it believes a Yes vote in next year's referendum could pave the way for a new era for the nation.
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Alex Salmond and Nicola Sturgeon launching the White Paper in 2013. Pic: PA

In 2012, Mr Salmond signed an agreement with then British prime minister David Cameron to hold a referendum on Scottish independence in 2014.

Scotland's First Minister Alex Salmond and Deputy First Minister Nicola Sturgeon they launch a paper today at Alexander Denis coach manufacturers outlining the nations key economic strength as an independent country.
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Mr Salmond and Ms Sturgeon pictured in May 2013 while launching a paper on the economic case for independence. Pic: PA

First Minister of Scotland Alex Salmond chats to school children at Strichen Primary School in Strichen, as polls have opened on a historic day for Scotland as voters determine whether the country should remain part of the United Kingdom.
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Then first minister Mr Salmond on polling day in 2014. Pic: PA

The historic event – which would have seen Scotland break away from the rest of the UK – took place on 18 September 2014 and saw more than two million people (55.3%) vote No and 1.6 million (44.7%) vote Yes.

Following the defeat, Mr Salmond stepped down as first minister and SNP leader and was replaced by Nicola Sturgeon.

In an interview with Sky News to mark the 10th anniversary of the independence referendum, Mr Salmond said he started to write his concession speech when the first result was declared.

First Minister of Scotland Alex Salmond during a press conference at Dynamic Earth in Edinburgh after Scotland rejected independence in the Scottish independence referendum.
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Mr Salmond following the Scottish independence referendum. Pic: PA

Mr Salmond returned to the Commons as MP for Gordon in the 2015 general election but was ousted in the 2017 election by Conservative Colin Clark.

The loss marked the first time since 1987 that Mr Salmond was not in an elected position at either Westminster or Holyrood.

Mr Salmond would go on to launch The Alex Salmond Show on RT, the former Russia Today channel editorially controlled and funded by the Russian government.

Mr Salmond was criticised by Scottish politicians over the decision to host it on RT, with Ms Sturgeon saying she would have advised against it.

a party leader Alex Salmond and Tasmina Ahmed-Sheikh (left) during a ALBA Special National Assembly meeting of over 300 independence activists at the Charteris Centre in Edinburgh. He said the case for breaking the impasse on independence by forcing a Holyrood election this year to act as a 'defacto referendum' on independence this year rather than waiting for a Westminster election next year. Picture date: Saturday January 14, 2023.
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Tasmina Ahmed-Sheikh with Mr Salmond last year. Pic: PA

The show, which also featured Mr Salmond’s protege Tasmina Ahmed-Sheikh, was suspended following the 2022 Russian invasion of Ukraine.

Not to be stopped, a new show titled Scotland Speaks with Alex Salmond launched a year later via Turkish public broadcaster TRT. The first episode featured an interview with Hollywood actor Brian Cox.

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Sky News’ Scotland correspondent Connor Gillies speaks about Mr Salmond’s career

Before that, however, Mr Salmond resigned from the SNP in August 2018 in the face of allegations of sexual misconduct while first minister.

Mr Salmond said he wanted to avoid internal division within the party amid calls to suspend him.

Denying any wrongdoing, Mr Salmond vowed to re-join the SNP once he had an opportunity to clear his name.

Mr Salmond went on to take the Scottish government to court to challenge the complaints procedure which had been activated against him.

The investigation was deemed by a judicial review to have been “tainted by apparent bias”, with Mr Salmond awarded £512,000 as a result.

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In January 2019, Mr Salmond was arrested by Police Scotland and charged with 14 offences, including two counts of attempted rape, nine sexual assaults, two indecent assaults, and one breach of the peace.

In March 2020, Mr Salmond was cleared of all charges. A jury found him not guilty of 12 charges, one charge was dropped by prosecutors during the trial, while another charge was found not proven.

File photo dated 18/02/20 of Alex Salmond arriving at the High Court in Glasgow for a preliminary hearing in his attempted rape case. The former Scotland first minister and current Alba Party leader has died aged 69. Issue date: Saturday October 12, 2024.
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Mr Salmond arriving at the High Court in Glasgow in 2020. Pic: PA

During a procedural hearing of the case, reporting of which was banned until the end of the trial, Mr Salmond’s defence team claimed the Scottish government and those working there turned to the criminal process to try to “discredit” him after he won the civil case into how the administration handled sexual harassment complaints against him.

Details heard during the trial were devastating to Mr Salmond’s public image, with allegations of bullying and demanding behaviour.

Defence advocate Gordon Jackson KC put it to the court that Mr Salmond was a “touchy-feely kind of person”.

Jurors heard details of inappropriate behaviour, including Mr Salmond admitting that he had a “sleepy cuddle” with one complainer and sexual contact with two complainers, neither of them his wife, Moira.

In his closing speech, Mr Jackson described his client as a “Marmite man” as well as someone who “could have been a better man”.

Two subsequent inquiries into the conduct of ministers and officials saw Mr Salmond asserting his belief that many in his former party had colluded against him in an effort to block any final return to frontline politics.

After being cleared, Mr Salmond vowed that evidence of a plot to discredit him would “see the light of day”.

M.S.P's Nicola Sturgeon and Alex Salmond (Scottish National Party Leadership contenders) enjoy a special campaign curry made up of a cavier based starter called" Sturgeon and Spicy Dip" (for Nicola Sturgeon) and a salmon based main course called" Imli Salmon Blast" (for Alex Salmond) at the Raj Restaurant in Edinburgh.
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Ms Sturgeon and Mr Salmond during happier times in their friendship. Pic: PA

While once great friends, the sexual harassment allegations and subsequent court case led to the breakdown of Mr Salmond and Ms Sturgeon’s relationship.

Mr Salmond did not return to the SNP and instead launched rival Alba Party in 2021.

File photo dated 13/04/21 of Alex Salmond during a photo call at Stirling Castle to mark the start of the party's Mid Scotland and Fife campaign, ahead of the Scottish Parliamentary election. The former Scotland first minister and current Alba Party leader has died aged 69. Issue date: Saturday October 12, 2024.
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Mr Salmond was leader of the Alba Party. Pic: PA

He has often been critical of his successors, Ms Sturgeon, Humza Yousaf and Mr Swinney.

When Ms Sturgeon quit as first minister in 2023, Mr Salmond told Sky News that the SNP had “no obvious successor”.

File photo dated 20/10/2011 of SNP Leader Alex Salmond and Deputy Leader Nicola Sturgeon on their way to the 77th Scottish National Party annual conference being held at the Eden Court Theatre in Inverness. Sturgeon is expected to resign as Scottish First Minister, according to the BBC. Issue date: Wednesday February 15, 2023.
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Mr Salmond and Ms Sturgeon in 2011. Pic: PA

While speaking during an Edinburgh Fringe event later that year, Mr Salmond refused to rule out a reconciliation with Ms Sturgeon and said it would be “sad” if they remained on poor terms.

Despite not achieving his dream, Mr Salmond never wavered in his belief that Scotland would be better as an independent country.

In one of his final interviews with Sky News, he said: “I don’t say that Scotland would be a land of milk and honey, but we would be a land of oil, gas and renewables and that would stand us in good stead.”

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Economy will have to be ‘strong enough’ for U-turn on winter fuel, business secretary says

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Economy will have to be 'strong enough' for U-turn on winter fuel, business secretary says

The economy will have to be “strong enough” for the government to U-turn on winter fuel payment cuts, the business secretary has said.

Jonathan Reynolds, talking to Beth Rigby on the Electoral Dysfunction podcast, also said the public would have to “wait for the actual budget” to make an announcement on it.

Sir Keir Starmer said on Wednesday he would ease the cut to the winter fuel payment, which has been removed from more than 10 million pensioners this winter after it became means-tested.

He and his ministers had insisted they would stick to their guns on the policy, even just hours before Sir Keir revealed his change of heart at Prime Minister’s Questions.

But Mr Reynolds revealed there is more at play to be able to change the policy.

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Winter fuel payment cuts to be reversed

“The economy has got to be strong enough to give you the capacity to make the kind of decisions people want us to see,” he said.

“We want people to know we’re listening.

“All the prime minister has said is ‘look, he’s listening, he’s aware of it.

“He wants a strong economy to be able to deliver for people.

“You’d have to wait for the actual budget to do that.”

Read more:
Gordon Brown suggests people on top income tax rate should be excluded from winter fuel

What are the options for winter fuel payments?

  • The Institute for Fiscal Studies has looked into the government’s options after Sir Keir Starmer said he is considering changes to the cut to winter fuel payment (WFP).
  • The government could make a complete U-turn on removing the payment from pensioners not claiming pension credit so they all receive it again.
  • There could be a higher eligibility threshold. Households not claiming pension credit could apply directly for the winter fuel payment, reporting their income and other circumstances.
  • Or, all pensioner households could claim it but those above a certain income level could do a self-assessment tax return to pay some of it back as a higher income tax charge. This could be like child benefit, where the repayment is based on the higher income member of the household.
  • Instead of reducing pension credit by £1 for every £1 of income, it could be withdrawn more slowly to entitle more households to it, and therefore WFP.
  • At the moment, WFP is paid to households but if it was paid to individuals the government could means-test each pensioner, rather than their household. This could be based on an individual’s income, which the government already records for tax purposes. Individuals who have a low income could get the payment, even if their spouse is high income. This would mean low income couples getting twice as much, whereas each eligible house currently gets the same.
  • Instead of just those receiving pension credit getting WFP, the government could extend it to pensioners who claim means-tested welfare for housing or council tax support. A total of 430,000 renting households would be eligible at a cost of about £100m a year.
  • Pensioners not on pension credit but receiving disability credits could get WFP, extending eligibility to 1.8m households in England and Scotland at a cost of about £500m a year.
  • Pensioners living in a band A-C property could be automatically entitled to WFP, affected just over half (6.3m).

Chancellor Rachel Reeves has committed to just one major fiscal event a year, meaning just one annual budget in the autumn.

Autumn budgets normally take place in October, with the last one at the end of the month.

If this year’s budget is around the same date it will leave little time for the extra winter fuel payments to be made as they are paid between November and December.

You can listen to the full interview on tomorrow’s Electoral Dysfunction podcast

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Semiconductor exemptions don’t matter when it comes to tariffs

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Semiconductor exemptions don’t matter when it comes to tariffs

Semiconductor exemptions don’t matter when it comes to tariffs

Opinion by: Ahmad Shadid of O.xyz

Semiconductors scored a rare exemption from US President Donald Trump’s aggressive reciprocal tariffs, but the relief is symbolic at best. Most semiconductors enter the US embedded in servers, GPUs, laptops, and smartphones. 

The finished goods remain heavily tariffed, some with duties reaching up to 49%. The exemption looks good politically but delivers little practical benefit. Nvidia’s DGX systems, crucial for training advanced AI models, do not fall under the exempted HTS codes. Nvidia could pay effective tariffs nearing 40% on these vital components. Such costs threaten to stall critical AI infrastructure projects across the country. 

Semiconductor tariffs may compromise the goal of the CHIPS Act. The act promised tens of billions of dollars in subsidies to support domestic chip manufacturing. Yet advanced lithography machines — key equipment from countries like the Netherlands and Japan — face 20%–24% tariffs. Ironically, tariffs designed to boost American production increase the cost of essential manufacturing equipment.

The effect of new tariffs is already slowing progress in critical supply chains — just as generative AI and large language models are gaining momentum across sectors like finance and defense. Any delays or cost increases now could blunt America’s technological advantage.

Indirect costs undermine exemptions for AI

Modern semiconductor supply chains are global and highly integrated. An exemption on raw silicon means nothing when servers, GPUs and other finished products face steep tariffs. Tariffs indirectly inflate costs, eliminating any competitive advantage from domestic manufacturing.

Indirect tariff costs hit high-end systems disproportionately hard. The effect ripples through AI model training, data center expansions and major infrastructure projects, significantly slowing the industry’s momentum.

Tariff impasse halts investment

So far, it’s clear that the US president’s tariff plan didn’t follow any conventional economic trends or calculated strategy. The uncertain tariff situation stalls investment decisions across the technology sector. Companies need predictable costs to justify large capital expenditures. Ongoing tariff volatility prevents them from committing resources to new data centers and manufacturing lines.

This mirrors the supply chain chaos of 2020. At that time, uncertainty caused massive order cancellations and slowed industry recovery for years. If tariff ambiguity continues, we could see similar waves of cancellations in 2025. This would further compound existing inventory and revenue issues in the semiconductor sector.

Domestic production is not optimal

The border argument for these tariffs is that they’re meant to boost domestic production. They do little, however, to encourage genuine domestic semiconductor production. Despite subsidies under the CHIPS Act, most US semiconductor companies still rely on international foundries for manufacturing. Instead, they face increased equipment and operational costs.

Recent: How trade wars impact stocks and crypto

The idea that tariffs promote domestic production ignores the reality of global semiconductor manufacturing. Costs rise across the board, putting American companies at a disadvantage rather than offering protection.

AI projects face heightened risk

The blockchain and crypto sectors, particularly AI-driven projects, also feel the pinch. Projects depend heavily on GPUs and high-performance servers for mining, validating transactions and running decentralized AI computations. Increased hardware costs directly affect profitability and growth, potentially stalling innovation in blockchain applications. 

AI developments have just started to pick up the pace in the blockchain and Web3 space. The industry saw increased interest from investors and VCs just a year ago. So, they are still on tighter budgets. Elevated costs can, however, lead to stagnation. We might see innovators and developers exiting the market. The ripple effect extends beyond the general technology sector and could threaten future digital economies. 

Moreover, these cost pressures disproportionately affect startups and smaller tech firms. Industry giants can absorb additional expenses, but innovative, smaller players face existential threats. This dynamic risks stifling innovation at the grassroots level, harming the entire tech ecosystem.

What to expect 

Semiconductors have momentarily escaped direct tariffs, but the exemption provides little benefit. Tariffs continue to hit finished products, driving up indirect costs across the industry. Instead of boosting domestic manufacturing, these tariffs create economic paralysis, stall critical infrastructure projects, and threaten America’s lead in AI innovation. Policymakers must acknowledge these realities and adjust their approach before irreversible damage is done to the nation’s technological future.

Opinion by: Ahmad Shadid of O.xyz.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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US lawmaker introduces anti-corruption bill ahead of Trump’s dinner

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<div>US lawmaker introduces anti-corruption bill ahead of Trump's dinner</div>

<div>US lawmaker introduces anti-corruption bill ahead of Trump's dinner</div>

California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.”

In a May 22 notice, Rep. Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US President, Vice President, members of Congress, and their families from engaging in “crypto crime.” The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin (BTC) reserve as his sons back a BTC mining venture.

“Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding:

“Trump’s crypto con is not just a scam to target investors. It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”

Government, Donald Trump, Corruption, Memecoin
HR 3573, Stop TRUMP in Crypto Act of 2025, introduced by Rep. Maxine Waters. Source: House Financial Services Committee Democrats

Waters’ bill was one of many actions announced to oppose the president’s dinner to reward memecoin holders. Senators Chris Murphy and Elizabeth Warren are expected to attend a press event with representatives for the consumer advocacy group Public Citizen, and two Democratic organizations will protest at the Trump National Golf Club outside Washington, DC, where the memecoin dinner will be held.

This is a developing story, and further information will be added as it becomes available.

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