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The UK government is considering sanctioning two Israeli ministers, Sir Keir Starmer has said.

The prime minister said he was “looking into” penalising Israeli finance minister Bezalel Smotrich and national security minister Itamar Ben-Gvir.

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At Prime Minister’s Questions, Liberal Democrat leader Sir Ed Davey asked if the two Israeli politicians would be sanctioned after Mr Smotrich had claimed “starving two million people in Gaza might be justified”, while Mr Ben-Gvir had “called settlers who killed a 19-year-old on the West Bank heroes”.

Sir Keir answered: “We are looking at that.”

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The PM said Mr Smotrich and Mr Ben-Gvir had made “abhorrent” comments about the situation in the Gaza Strip and the West Bank.

“The humanitarian situation in Gaza is dire,” he added.

“The death toll has passed 42,000 and access to basic services is becoming much harder.

“Israel must take all possible steps to avoid civilian casualties, to allow aid into Gaza in much greater volumes, and provide the UN humanitarian partners the ability to operate effectively.”

Former foreign secretary Lord Cameron revealed on Tuesday he had been working on a plan to sanction the Israeli ministers – who he called “extremist” – over their support for blocking aid from entering the Gaza Strip and expanding illegal settlements there and in the West Bank.

Reacting to Sir Keir’s comments, Mr Ben-Gvir told Israeli media that “just as before the establishment of the Jewish state the British worked to make it impossible, now they continue to do so after its establishment in the midst of an existential war”.

Israeli National Security Minister Itamar Ben-Gvir looks on, near the scene of a shooting attack in Jaffa, Israel, September 1, 2024. REUTERS/Ammar Awad
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Itamar Ben-Gvir (centre) issued a response to Sir Keir Starmer’s comments. File pic: Reuters

He said “the days of the British Mandate” – which saw the UK govern what was then Mandatory Palestine – “are over”.

Mr Ben-Gvir added: “They do not scare me, and I will continue to act in accordance with the supreme national interests of the state of Israel only and for the people of the country.”

The UK government has announced a fresh wave of sanctions in response to violence by “extremist Israeli settlers” in the West Bank.

The measures target three outposts and four organisations that have supported and perpetrated “heinous abuses of human rights” against Palestinian communities in the occupied territory, Foreign Secretary David Lammy said.

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The UK has called an urgent meeting of the UN Security Council as the humanitarian situation in northern Gaza deteriorates.

Mr Lammy said the UK, with France and Algeria, requested the meeting due to the “dire” humanitarian situation in northern Gaza.

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Shaban al Dalu’s story after Israeli strike

He said access to basic services is “worsening” and the UN has reported “barely any food has entered in the last two weeks”.

“Israel must ensure civilians are protected and ensure routes are open to allow life-saving aid through,” the foreign secretary said.

Mr Lammy also reiterated the UK’s “steadfast support for Israel’s security” and called for an immediate ceasefire in the region.

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The US has warned Benjamin Netanyahu’s government more humanitarian aid must enter Gaza in the next 30 days or Israel could lose access to American military financing.

Aid levels must increase to 350 trucks a day and Israel must allow more humanitarian pauses and security for humanitarian sites to continue to qualify for military funding, the US has said.

Just 80 aid trucks have entered northern Gaza since the beginning of October, while 60 trucks a day went through before, UN officials said.

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House GOP plans quick re-vote on crypto bills amid CBDC dispute

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House GOP plans quick re-vote on crypto bills amid CBDC dispute

House GOP plans quick re-vote on crypto bills amid CBDC dispute

House Speaker Mike Johnson says he’ll look to move forward with three crypto bills on Wednesday after some Republican lawmakers pulled support over wanting a CBDC ban.

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Chancellor Rachel Reeves considering ‘changes’ to ISAs – and says there’s too much focus on ‘risk’ in investing

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Chancellor Rachel Reeves considering 'changes' to ISAs - and says there's too much focus on 'risk' in investing

The chancellor has confirmed she is considering “changes” to ISAs – and said there has been too much focus on “risk” in members of the public investing.

In her second annual Mansion House speech to the financial sector, Rachel Reeves said she recognised “differing views” over the popular tax-free savings accounts, in which savers can currently put up to £20,000 a year.

She was reportedly considering reducing the threshold to as low as £4,000 a year, in a bid to encourage people to put money into stocks and shares instead and boost the economy.

However the chancellor has shelved any immediate planned changes after fierce backlash from building societies and consumer groups.

In her speech to key industry figures on Tuesday evening, Ms Reeves said: “I will continue to consider further changes to ISAs, engaging widely over the coming months and recognising that despite the differing views on the right approach, we are united in wanting better outcomes for both savers and for the UK economy.”

She added: “For too long, we have presented investment in too negative a light, quick to warn people of the risks, without giving proper weight to the benefits.”

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Rachel Reeves’s fiscal dilemma

Ms Reeves’s speech, the first major one since the welfare bill climbdown two weeks ago, appeared to encourage regulators to focus less on risks and more on the benefits of investing in things like the stock market and government bonds (loans issued by states to raise funds with an interest rate paid in return).

She welcomed action by the financial regulator to review risk warning rules and the campaign to promote retail investment, which the Financial Conduct Authority (FCA) is launching next year.

“Our tangled system of financial advice and guidance has meant that people cannot get the right support to make decisions for themselves”, Ms Reeves told the event in London.

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Last year, Ms Reeves said post-financial crash regulation had “gone too far” and set a course for cutting red tape.

On Tuesday, she said she would announce a package of City changes, including a new competitive framework for a part of the insurance industry and a regulatory regime for asset management.

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Reeves is ‘totally’ up for the job

In response to Ms Reeves’s address, shadow chancellor Sir Mel Stride said: “Rachel Reeves should have used her speech this evening to rule out massive tax rises on businesses and working people. The fact that she didn’t should send a shiver down the spine of taxpayers across the country.”

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The governor of the Bank of England, Andrew Bailey, also spoke at the Mansion House event and said Donald Trump’s taxes on US imports would slow the economy and trade imbalances should be addressed.

“Increasing tariffs creates the risk of fragmenting the world economy, and thereby reducing activity”, he said.

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Crypto-backed group gathers $141M funding to influence US elections

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Crypto-backed group gathers 1M funding to influence US elections

Crypto-backed group gathers 1M funding to influence US elections

Fairshake reported raising $52 billion from the crypto industry in the first half of 2025, at a time when candidates previously supported by the PAC were providing crucial votes.

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