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Like Rishi Sunak did before him, Sir Keir Starmer has announced “measurable milestones” that he says his government will deliver on during his time as prime minister.

He says that this will “throw a gauntlet down” to ministers and civil servants who will have to deliver on the priorities, while also allowing the British people to “hold his feet to the fire” on issues he is happy to be held accountable for.

What’s in

The milestones cover six different policy areas – healthcare, policing, education, housebuilding, energy and the economy.

Nick Davies, who wrote a report called “Using targets to improve public services” for the Institute for Government thinktank, told Sky News that targets are “better for raising minimum standards than achieving excellence.”

He added: “The performance of our public services at the moment is terrible, worse than before the pandemic, but also largely worse than before 2010. So in that context, raising the minimum standard is worthwhile and valuable.”

Economy

The target: “Raising living standards in every part of the United Kingdom, as we aim to deliver the highest sustained growth in the G7.”

By not setting a specific number to “raise living standards” by, this target is by quite a distance the easiest of the milestones to achieve.

Any growth could be said to meet the target and no parliament in recent history has overseen a decline.

The Office for Budget Responsibility already forecasts that real disposable income will increase by half a percent each year over this parliament, having revised the figure down slightly from 0.8% following Chancellor Rachel Reeves’s October budget.

The prime minister also failed to put a specific figure on his target of economic growth but did say he’s aiming for the fastest growth among G7 countries.

This means that the UK economy would have to grow by more than 1.9% annually on average in order to overtake the current frontrunner the United States, based on current projections by the International Monetary Fund.

This would mean accelerating growth both from current levels, which averaged 1.6% from 2010 to 2024 under the Conservatives, as well as beating the current forecast for annual growth over the next five years, which is 1.4%.

This implied target is below the levels achieved by the last Labour government from 1997 to 2010 and the Conservatives from 1979 to 1997.

So reaching that figure would represent more of a return to normality than an exceptionally ambitious figure, but, in a global context, leading the G7 for growth would still be an impressive achievement.

NHS

The target: “Ending hospital backlogs to ensure that 92% of patients in England wait no longer than 18 weeks for elective treatment.”

This one definitely falls in the ambitious category, but there is relatively recent precedent for it being achieved – as it was for three years between January 2012 and September 2015.

Politics latest: Starmer says Britain has ‘freeloaded on the past’

The reason it’s ambitious now is because of a sustained decline from 2013 to 2020, followed by a massive and rapid decline since COVID.

From 2013 to 2020 the percentage of people missing the 18-week target more than tripled from 5.5% to 17.1%. Since COVID it has more than doubled again – it currently sits at 41.5%. The trajectory needs to change enormously to get back to the standards of the early 2010s.

A regular concern raised about NHS targets is that focusing on one priority necessitates taking focus away from other issues.

The focus on the waiting list, also the main priority of the previous government, needs to be considered in the context of A&Es, ambulances and cancer treatment, all of which are also failing to meet targets by enormous amounts.

Sir Keir responded to this by saying: “I don’t accept the proposition that if you drive to deal with waiting lists then everything else must suffer.”

Siva Anandaciva, from health and social care thinktank The King’s Fund, told Sky News he disagreed with that, based on his experiences.

He said: “We spoke to people who first introduced these targets and they said that the relentless focus on waiting times meant they frankly had little time for anything else – that focus was great for delivering one objective, but not multiple objectives. And this is a government that says it wants to achieve multiple objectives.”

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Sir Keir Starmer unveils ‘plan for change’

Mr Davies told Sky News that the four-hour A&E target was an example of one that was intelligently targeted, because delivering on it was only possible with a smooth flow through other parts of the healthcare system.

Mr Anandaciva explained that this may not be the case for the 18-week milestone. He said: “Previously, people running hospitals would plan their elective operations around different times of the year, knowing that there may be fewer beds available during peak flu season in the winter, for example.

“[The milestones] become ‘P45 targets’ – you work out what you’re going to be fired for and then how to avoid that, rather than what you might judge is better for the system overall.”

Housebuilding

The target: “Building 1.5 million homes in England and fast-tracking planning decisions on at least 150 major economic infrastructure projects.”

The first part of this, building 1.5 million homes, is arguably the most ambitious of the milestones established today.

The measure used by Labour is “net additional homes”, which is the number of properties, including conversions, which have been added once demolitions have been factored out. To achieve 1.5 million over the course of the parliament effectively means an average of 300,000 a year.

Most recently, the figure for net additional homes was 221,070 in 2023/24, so reaching 300,000 requires a major uplift of 36% from the rate achieved by the previous government.

Hitting the target would be unrivalled in historic terms. Even during the country’s peak year of housebuilding in 1968, when 350,000 homes were built, high rates of demolition, partly to make space for the new homes, meant that net additions were below 200,000.

In the most recent six months, including the first three months after Labour took office, early indicators suggest that net additions were in decline.

As a result, the government is starting from an even lower base, and the number of net additions would need to increase by more than 50% to around 76,300 every three months to hit targets by the end of the parliament.

Each quarter that they are behind this target also builds a bigger backlog to catch up on by the end of the five years.

Read more: ‘More funding for social homes needed to hit targets’

The recent slowdown will not come as a surprise to the government, as uncertainty over planning rules and suppressed demand due to high interest rates had already been acknowledged to be slowing down building in recent months.

However, whether these fundamental issues can be overcome is a major question.

The second part of the pledge, to get 150 major planning decisions in the works, also appears ambitious, requiring a tripling from current levels.

This will be another area where tackling local planning opposition will be a major concern, as well as requiring adequate funding and workforce to back up the plans.

Energy

The target: “Putting us on track to at least 95% clean power by 2030.”

This one is undeniably ambitious, but the wording has sparked some confusion as to whether it constitutes a rowing back from manifesto promises.

Many had understood Labour’s election pledge of a “zero-carbon” electricity system to mean full decarbonisation by 2030.

However, the National Energy System Grid Operator (NESO) says that “clean power” refers to an electricity mix with at least 95% derived from clean energy sources. This is aligned with the definition of the Climate Change Committee.

Back to whether it can be done, then.

Renewables now account for around a third of energy output, up from just 1.3% in 2009.

However, reliance on imported electricity has also reached record levels. Sir Keir has emphasised the importance of “homegrown British energy” to ensure that “a tyrant like [Vladimir] Putin” cannot “attack the living standards of working people.”

Part of the reason for this new reliance on imported fuels is due to gas-fired and nuclear power stations in the UK being taken offline.

According to estimates from NESO, achieving decarbonisation will require at least doubling the UK’s current wind capacity and tripling its solar capacity.

NESO projects the cost at £40bn annually, without increasing costs for consumers. That’s equivalent to almost double the current annual government investment in infrastructure projects.

NESO concluded that the milestone is a “huge challenge” and that “several elements must deliver at the limit of what is feasible”.

However, renewable energy capacity is one area which has regularly outperformed projections in recent decades.

Policing

The target: “A named officer for every neighbourhood, and 13,000 additional officers, PCSOs and special constables in neighbourhood roles in England and Wales.”

On the face of it, this appears to be one of the easier measures to achieve. It’s also the one that is least reliant on circumstances outside of the government’s direct control.

Achieving the target would signify a slowdown of the recruitment achieved since 2019, as part of Boris Johnson‘s Operation Uplift policy to add 20,000 new police officers.

However, Dr Rick Muir, director of the Police Foundation, the UK’s independent policing thinktank, told Sky News he thought the numbers were quite ambitious.

He said police forces were struggling to recruit, for reasons related to comparatively low pay, reputational damage due to recent well-publicised incidents of misconduct, and because the pool of would-be officers is dry after the previous recruitment drive.

What’s more important than the number of people employed by the police is whether it leads to a reduction in crime and an increase in solved crimes. What wasn’t included in the government’s new plan was a manifesto commitment to halve serious violent crime, and violence against women and girls, within a decade.

Read more:
How Sir Keir’s priorities have evolved
PM’s ‘plan for change’ – what is it and why now?

Dr Muir said there is good evidence that an increase in neighbourhood police officers does contribute to a reduction in crime, particularly when targeted at known hotspots. “It leads to a reduction in all types of crime, but it’s not the way to focus on specific types of crime,” he said.

Levels of police-recorded violent crime have been going down recently, after a rise through the 2010s that has been largely put down to improved recording rather than increased incidences.

Halving levels of violent crime in a decade would mean only a limited shift from the current trajectory since 2022.

Although the increase in police numbers was welcomed overall, there are also concerns about whether the focus on “bobbies on the beat” is the most efficient use of resources.

“If you focus too much on the numbers of officers, you have to reduce the numbers of civilian staff like crime analysts and police intelligence,” said Dr Muir.

He added that these civilian staff are not only generally better suited to these kinds of roles, but also tend to be on lower salaries and require less training than warranted police officers.

Education

The target: “Have 75% of five-year-olds in England ready to learn when they start school.”

Having more young children ready to meet the mental and social demands of primary school was a key pillar of Labour’s pre-election manifesto.

Being “ready to learn” as a five-year-old sounds difficult to measure, but it’s actually an established metric based on teacher assessments around literacy, mathematics, communication and language, and personal, social, emotional and physical development.

However, the measure has only been tracked by the Department for Education for three years, so it’s hard to tell exactly how achievable or ambitious it is.

During this period it has increased by a modest 2.5 percentage points, and a slight improvement in this rate would be enough to meet the new target.

Labour’s manifesto, however, pledged 90% school readiness by 2030, and this revised intermediate goal raises doubts about the achievability of the higher target.

Whether the five-year-old measure is the best one to focus on is another question. “There is obviously a lot of schooling still to do after the age of five,” pointed out Mr Davies.

He added that schooling is one public service that has performed well in recent years, so perhaps wasn’t so much in need of a milestone at all.

Beatrice Merrick, the chief executive of the charity Early Education, welcomed the “change of direction to shift attention away from childcare simply as a means of helping parents to work, and returning the focus to making sure children are supported to develop, learn and thrive in the early years.”

However, she warned that to make the milestone achievable “the government must target resources at children who need the most support.”

Labour’s manifesto also stressed the importance of bridging the educational attainment gap between the most and least deprived in society. There is a considerable disparity between school readiness between those eligible for free school meals and their classmates at five years old.

Sir Keir didn’t mention it today, but Labour also pledged in their manifesto to raise the percentage of students achieving A-Levels by the time they finished their compulsory education.

The party has also committed to recruiting 6,500 additional teachers, with a focus on subjects facing shortages and in areas where recruitment challenges are most acute.

No specific timeframe for this recruitment has been provided, but teacher numbers have already risen by more than 7,500 since 2021.

Currently, 61% of 19-year-olds are qualified to Level 3 standard (2 A Levels or an equivalent qualification). Labour wants this to be 75% by 2030 and 80% by 2035.

What’s missing

The most noticeable omission is a formal pledge on migration, despite the prime minister accusing the Conservatives last week of running an “open borders experiment“, and his manifesto pledge to reduce net migration and “smash the gangs” of people smugglers sending small boats from Calais.

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Where’s immigration in PM’s milestones?

This breaks from the tradition of his predecessors who promised – and failed – to “stop the boats” or reduce immigration to the tens of thousands.

The latest figures, released last week, showed a significant reduction in net migration from 2023 to 2024, but from a record high of 906,000.

A far stretch from the “tens of thousands” that David Cameron and then Theresa May aimed for.

“Prisons overflowing, and a £22bn black hole in our finances” were two other issues mentioned by Sir Keir in his speech, although he did not set out a measurable target to fix them, in addition to the ones we’ve mentioned above.

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US House committee passes stablecoin-regulating STABLE Act

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US House committee passes stablecoin-regulating STABLE Act

US House committee passes stablecoin-regulating STABLE Act

Update (April 3, 5:43 am UTC): This article has been updated to add information on the STABLE Act and GENIUS Act.

The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote.

The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2, with six Democrats voting in favor.

The bill was introduced on Feb. 6 by committee Chair French Hill and the chair of its Digital Assets Subcommittee, Bryan Steil — reportedly drafted with the help of the world’s largest stablecoin issue, Tether.

US House committee passes stablecoin-regulating STABLE Act

Source: Financial Services GOP

The bill would provide rules around payment stablecoins, a crypto token tied to a currency such as the US dollar, and aims to ensure issuers give information about their business and how they back their tokens.

During an earlier markup session, the committee’s leading Democrat, Maxine Waters, who later voted against the bill, criticized her Republican peers for “setting an unacceptable and dangerous precedent” with the STABLE Act.

She said President Donald Trump could use the bill to allow his family’s stablecoin to be used in government payments, and argued the bill validates Trump “and his insiders’ efforts to write rules of the road that will enrich themselves at the expense of everyone else.”

In late March, the Trump family’s World Liberty Financial crypto venture launched a stablecoin, World Liberty Financial USD (USD1). Meanwhile, the US Housing Department, which oversees social housing, was reportedly looking to experiment with using stablecoins for some of its functions.

Stablecoin GENIUS Act also weaves through Congress 

Other stablecoin-related bills are also working their way through Congress, including the Republican-led Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, which lays out oversight and reserve rules for issuers.

Related: Crypto has a regulatory capture problem in Washington — or does it?

The US Senate Banking Committee voted through the GENIUS Act in an 18-6 vote on March 13, after Senator Bill Hagerty, one of the bill’s co-sponsors, updated it following consultation with the Committee’s Democrats.

Before the vote, Democratic Senator Kirsten Gillibrand said the updated GENIUS Act made “significant improvements to a number of important provisions” in areas such as consumer protections and authorized stablecoin issuers.

Both the STABLE Act and GENIUS Act will now wait until debate time on the floor of the House and Senate, respectively, before they head for a floor vote.

Crypto journalist Eleanor Terrett reported on X that two unnamed crypto lobbyists said there is likely to be “a coordinated push behind the scenes over the next few weeks to get the two bills to mirror each other, as there are still some differences between them.”

Doing so would “avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.

Magazine: How crypto laws are changing across the world in 2025

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‘My lawyers are ready’ for questions about corruption claims, ex-minister tells Sky News

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'My lawyers are ready' for questions about corruption claims, ex-minister tells Sky News

Tulip Siddiq has told Sky News her “lawyers are ready” to handle any formal questions about allegations she is involved in corruption in Bangladesh.

Asked whether she regrets apparent links with the Bangladeshi Awami League political party, Ms Siddiq said “why don’t you look at my legal letter and see if I have any questions to answer… [the Bangladeshi authorities] have not once contacted me and I’m waiting to hear from them”.

The London MP resigned as a Treasury minister in January after being named in several corruption inquiries in Bangladesh.

In her first public comments since leaving government, Ms Siddiq said “there’s been allegations for months on end and no one has contacted me”.

Last month, the interim leader of Bangladesh told Sky News the MP had “wealth left behind” in the country “and should be made responsible”.

Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.

The letter said the ACC must put questions to Ms Siddiq “by no later than 25 March 2025” or “we shall presume that there are no legitimate questions to answer”.

More on Bangladesh

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Staff from the NCA visited Bangladesh as part of initial work to support the interim government in the country.

In a post online today, the former minister said the deadline had expired and the authorities had not replied.

Sky News has approached the Bangladeshi government for comment.

The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina – who served as the prime minister of Bangladesh for 20 years.

Ms Hasina was forced to flee the country in August following weeks of deadly protests.

She is accused of becoming an autocrat, with politically-motivated arrests, extra-judicial killings and other abuses allegedly happening on her watch. Hasina claims it’s all a political witch hunt.

Electrocuted on their genitals and mouths sewn up: Inside Bangladesh’s ‘death squad’ jails

Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads.

She referred herself to the prime minister’s standards adviser Sir Laurie Magnus who said he had “not identified evidence of improprieties” but added it was “regrettable” Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.

Ms Siddiq said continuing in her role would be “a distraction” for the government but insisted she had done nothing wrong.

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Former New York governor advised OKX over $505M federal probe: Report

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Former New York governor advised OKX over 5M federal probe: Report

Former New York governor advised OKX over 5M federal probe: Report

Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.

Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter.

“He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.

The Seychelles-based firm pled guilty to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws on Feb. 24 and agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from mostly institutional clients.

The breaches occurred from 2018 to 2024 despite OKX having an official policy preventing US persons from transacting on its crypto exchange since 2017, the Department of Justice noted at the time.

A spokesperson for Cuomo, Rich Azzopardi, told Bloomberg that Cuomo has been providing private legal services representing individuals and corporations on a variety of matters since resigning as New York governor.

“He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,”  Azzopardi added.

OKX reportedly wasn’t willing to comment on its relationships with outside firms.

Cuomo also influenced OKX to make executive appointments: Bloomberg

Cuomo, who is now running for mayor of New York City, also advised OKX to appoint his friend US Attorney Linda Lacewell to OKX’s board of directors, Bloomberg said.

Lacewell, a former superintendent of the New York Department of Financial Services, was added to the board in 2024 and was named OKX’s new chief legal officer on April 1, according to a recent company statement.

Former New York governor advised OKX over $505M federal probe: Report

Source: Linda Lacewell

Related: New York bill aims to protect crypto investors from memecoin rug pulls

After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the issues stemming from the federal probe and bolster its regulatory compliance program.

“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies,” OKX CEO Star Xu said in a Feb. 24 X post.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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