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A film set location, a big budget production, an audience bussed in – the prime minister’s Plan for Change speech had all the hallmarks of big campaign moments past when Sir Keir Starmer used the event to launch his “first steps’ set of promises – from cutting NHS waiting lists and setting up a new border command to tackle small boats – and his election-winning manifesto.

Five months into government, on Thursday, he gathered his cabinet and crowd in Pinewood Studios to launch this six milestones for government.

But if it was meant to be a box office moment, it all felt a bit flat.

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The data behind Starmer’s plans

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Over the past 18 months, we’ve had three foundations, five missions, six first steps and now, on Thursday, six milestones, with a 42-page plan.

Speak to the prime minister at the edges of these events, and he can make a compelling case for his missions and the clarity he has for government.

But somehow it is getting lost in translation as the missions become the first steps, become milestones with three foundations to boot.

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It can be hard to find a narrative in what this government is trying to do.

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Keir Starmer during his speech in Buckinghamshire.
Pic PA
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Keir Starmer during his speech in Buckinghamshire.
Pic PA

Thursday was an attempt to change that with six measurable milestones now set up so you, Whitehall and the cabinet, are all crystal clear about where they are heading.

Some of them are a departure from manifesto pledges, others are not.

Some of them are genuinely ambitious, others less so.

The manifesto promise to have the fastest growing economy in the G7 is now an “aim” while the new milestone is to “raise living standards in every part of the United Kingdom, so working people have more money in their pockets” is a new target.

The idea is to make the pledge more “human” but the PM wouldn’t say how much he wanted to raise living standards – and household disposable income is already set to rise by the end of this parliament.

Then on opportunity for all, in the run-up to the election the government promised to recruit 6,500 more teachers to improve teaching in state secondaries.

Now the milestone they are asking to be measured on is a promise that 75% of five-year-olds are ready to learn in England when they start school against 67% today.

A programme lies on a chair on the day of Britain's Prime Minister Keir Starmer's 'plan for change' speech in Buckinghamshire, England, Thursday, December 5, 2024. Darren Staples/Pool via REUTERS
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A programme lies on a chair during Starmer’s big speech.
Pic: Reuters


There is a new milestone to fast-track planning decisions on at least 150 major economic infrastructure projects.

There is a milestone to put a named bobby back on the beat in every neighbourhood, while the pledge to halve violence against women and girls has not been marked up as a milestone.

‘Hold the government’s feet to the fire’

Why are they doing it now and to what end?

At its heart this is an attempt to give voters clear targets on which they can, to quote Starmer himself, “hold the government’s feet to the fire”.

But it felt a bit like a rag bag of measures in which some past promises were pushed aside and others pumped up.

The 1.5 million housing target, the pledge to return to the NHS standard of 92% of patients being seen for elective treatment in 18 weeks, the commitment to green power by 2030 are all ambitious.

But things that are perhaps too risky or hard to meet have been dropped.

The migration question

One of the biggest omissions in the milestones was migration.

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Where’s immigration in PM’s milestones?

This surprised me, not least because the prime minister had said clearly that the economy and borders were his two main priorities in government and a clear concern for voters.

But instead of making it one of his milestone measures, for which the public can hold him accountable, the PM said securing borders was one of the “foundations” of his government.

There is no metric on which to measure him beyond net migration coming down from record levels of 800,000 plus in the past couple of years.

Perhaps he could have been more ambitious in setting a target to hit in terms of cutting legal migration or small boat crossings.

Perhaps he could have committed to a deportation figure – something that Harriet Harman suggested he might have done on our episode of Electoral Dysfunction this week.

But I suspect, in the end, Number 10 decided it was too risky to try to set targets.

Keir Starmer leaves after delivering a speech in Buckinghamshire setting out his Government's ''plan for change''.
Pic: PA
Image:
Keir Starmer leaves after delivering a speech in Buckinghamshire setting out his government’s Plan for Change. Pic: PA

‘The tepid bath of managed decline’

But with a disaffected electorate, high levels of scepticism, and a Reform party playing into that anti-politics sentiment, Starmer knows he must galvanise his government to try to deliver tangibles before the next election, and this speech will perhaps be looked back on as one aimed as much at Whitehall as it was you, the voter.

He explicitly challenged the British state to deliver in this speech saying his Plan for Change was “the most ambitious plan for government in a generation” and would require a “change to the nature of governing itself” as he called on the state to become more dynamic, decisive, innovate, embracing of technology and artificial intelligence.

“Make no mistake, this plan will land on desks across Whitehall with the heavy thud of a gauntlet being thrown down, a demand given the urgency of our times,” he told his audience as he fired a warning shot to Whitehall.

“I do think there are too many people in Whitehall who are comfortable in the tepid bath of managed decline. Had forgotten, to paraphrase JFK, that you choose change not because it’s easy, but because it’s hard.”

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Starmer and his team know that without galvanising Whitehall and setting clear navigation through this mission and now measurable milestones, delivery will be hard.

The plan is for stock takes on the missions and milestones in order to hold mandarins accountable.

On the back of Starmer’s milestones speech will come another from cabinet minister Pat McFadden on civil service reform.

At the election, Starmer ran on a platform of promising change.

Five months later, eyeing a sharp fall in opinion poll ratings, he is offering a concrete plan for change.

For now voters seemed tuned out, with the pledges and targets being thrown at them failing to stick.

I don’t think Starmer or his team expect those polls to turn around any time soon.

But they are adamant that if they can fulfil promises to build more homes and better infrastructure, cut NHS waiting lists, lift living standards, and give people a sense of greater security on their streets, they can turn the tide on the tsunami of cynicism they face.

Starmer might not be the best storyteller, but in the end he’ll likely be judged not on the flourish or rhetoric, but on whether he can actually deliver.

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Reduced tariffs on whisky and gin as UK and India strike ‘historic’ trade deal

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Reduced tariffs on whisky and gin as UK and India strike 'historic' trade deal

The UK and India have struck an “ambitious” trade deal that will slash tariffs on products such as whisky and gin. 

The agreement will also see Indian tariffs cut on cosmetics and medical devices and will deliver a £4.8bn boost to the UK economy, according to the government.

It is also expected to increase bilateral trade by £25.5bn, UK GDP by £4.8bn and wages by £2.2bn each year in the long term.

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The news will be a welcome boost for the government following poor local election results, which saw Labour lose the Runcorn by-election and control of Doncaster Council to a resurgent Reform UK.

What will also be touted as a victory for Downing Street is the fact the government managed to strike a deal with India before the White House.

Speaking to reporters on Tuesday, Sir Keir Starmer hailed the “historic day for the United Kingdom and for India”.

More on India

“This is the biggest trade deal that we, the UK, have done since we left the EU,” the prime minister said.

What trade-offs are in the ‘historic’ deal with India?


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Gurpreet Narwan

Business and economics correspondent

@gurpreetnarwan

This is the most significant trade deal Britain has negotiated since Brexit. It has been three years in the making with round the clock negotiations taking place in recent days.

Britain and India were coming from very different starting points. India’s economy is notoriously protectionist, with average tariff rates floating at around 130%. The UK, by comparison, is a very open economy. Our tariff rates hover around 5%. It means there were many prizes on offer for UK exporters, who are eyeing up a rapidly growing economy with increasingly powerful consumers.

The government will point to considerable concessions on 90% of tariff lines, 85% of them will go down to zero within the decade. It includes wins on whisky, which within ten years will be halved from the current 150%. No other country has managed to get India to move on that.

Of course there are trade-offs involved. The UK has agreed to lower tariffs on Indian textiles and apparel- a big employer in India. It will also make it easier for Indian professionals to come to the UK, something the Indians have been pushing hard on. However, there will be no formal changes to immigration policy.

Both countries have also refused to budge on certain industries. The UK has not lowered tariffs on milled rice, out of fear it could decimate native industries. The same applies to dairy for the Indians. Both sides have agreed quotas on cars for the same reason.

The Indians were pushing for an exemption for its high emission industries from the UK’s upcoming carbon tax. It is understood that will not happen.

“And it’s the most ambitious trade deal that India has ever done. And this will be measured in billions of pounds into our economy and jobs across the whole of the United Kingdom.

“So it is a really important, significant day. “

In a post on X, Indian Prime Minister Narendra Modi also welcomed the agreement as a “historic milestone” and added: “I look forward to welcoming PM Starmer to India soon.”

Negotiations for the deal relaunched in March after stalling under the Tory government over issues including trade standards and the relaxation of visa rules for Indian workers.

Overall, 90% of tariff lines will be reduced under the deal, with 85% of those becoming fully tariff-free within a decade.

Whisky and gin tariffs will be halved from 150% to 75% before falling to 40% by year ten of the deal, while automotive tariffs will go from more than 100% to 10% under a quota, the Department for Business and Trade (DBT) said.

For Indian consumers, there will be reduced tariffs on cosmetics, aerospace, lamb, medical devices, salmon, electrical machinery, soft drinks, chocolate and biscuits.

Meanwhile, British shoppers could see cheaper prices and more choice on products including clothes, footwear, and food products including frozen prawns as the UK liberalises tariffs.

India’s trade ministry said that under the deal, 99% of Indian exports will benefit from zero duty, Britain will remove a tariff on textile imports and Indian employees working in the UK will be exempt from social security payments for three years.

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Shadow trade secretary Andrew Griffith added: “It’s good to see the government recognise that reducing cost and burdens on businesses in international trade is a good thing, and that thanks to Brexit we can do.

“But it would be even better if they would apply the same reasoning to our domestic economy, where they remain intent on raising taxes, energy costs and regulatory burdens.”

The news was also welcomed by business group the British Chamber of Commerce, which said it was a “welcome lift for our exporters”.

William Bain, head of trade policy, said:  ”Against the backdrop of mounting trade uncertainty across the globe, these tariff reductions will be a big relief. Products from Scotch whisky to clothing will benefit and this will give UK companies exporting to India a clear edge on increasing sales.

“The proposals for a follow-up investment treaty will also provide a solid platform to grow manufacturing and other sectors in our two economies.”

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Dem lawmakers object to hearing, citing ‘Trump’s crypto corruption’

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<div>Dem lawmakers object to hearing, citing 'Trump’s crypto corruption'</div>

<div>Dem lawmakers object to hearing, citing 'Trump’s crypto corruption'</div>

Representative Maxine Waters, ranking member of the House Financial Services Committee (HFSC), led Democratic lawmakers out of a joint hearing on digital assets in response to what she called “the corruption of the President of the United States” concerning cryptocurrencies.

In a May 6 joint hearing of the HFSC and House Committee on Agriculture, Rep. Waters remained standing while addressing Republican leadership, saying she intended to block proceedings due to Donald Trump’s corruption, “ownership of crypto,” and oversight of government agencies. Digital asset subcommittee chair Bryan Steil, seemingly taking advantage of a loophole in committee rules, said Republican lawmakers would continue with the event as a “roundtable” rather than a hearing.

HFSC Chair French Hill urged lawmakers at the hearing to create a “lasting framework” on digital assets, but did not directly address any of Rep. Waters’ and Democrats’ concerns about Trump’s involvement with the crypto industry. He claimed Waters was making the hearing a partisan issue and shutting down discussion on a digital asset regulatory framework.

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

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IRS appoints Trish Turner to head crypto division amid resignations

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IRS appoints Trish Turner to head crypto division amid resignations

IRS appoints Trish Turner to head crypto division amid resignations

Veteran US Internal Revenue Service (IRS) official Trish Turner was appointed to lead the agency’s digital assets division following the departure of two key crypto-focused executives.

Turner, who has spent over 20 years at the IRS and most recently served as a senior adviser within the Digital Assets Office, will now head the unit, according to a report from Bloomberg Tax citing a person familiar with the situation.

Her promotion marks a significant leadership transition at a time when US crypto tax enforcement is facing both internal and external pressures.

On May 5, Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts brought in to lead the IRS’s crypto unit, exited after roughly a year in their roles.

Mukherjee served as compliance and implementation executive director, while Wilks oversaw strategy and development. Wilks announced his departure on LinkedIn, while Mukherjee confirmed his decision in a statement to Bloomberg Tax.

“The reality is that federal employees have faced a very difficult environment over the past few months,” Wilks wrote. “If stepping aside helps preserve someone else’s job, then I am at peace with the decision.”

IRS appoints Trish Turner to head crypto division amid resignations
Seth Wilks announced his departure on LinkedIn. Source: Seth Wilks

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IRS ramps up crypto scrutiny

The IRS has ramped up its focus on cryptocurrency in recent years, increasing audits and criminal probes targeting digital asset transactions.

It also attempted to introduce broad crypto broker reporting requirements, which drew sharp criticism from industry stakeholders and was eventually overturned by President Donald Trump.

Set to take effect in 2027, the so-called IRS DeFi broker rule would have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.

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Turner’s leadership also comes during a shift in Washington’s approach to crypto regulation.

With the return of the Trump administration in January, federal agencies have scaled back regulations perceived as burdensome to digital asset innovation.

For instance, the Securities and Exchange Commission has dropped or paused over a dozen enforcement cases against crypto companies. Additionally, the Department of Justice has announced the dissolution of its cryptocurrency enforcement unit, signaling a softer approach to the sector.

Internally, the IRS is also navigating instability. Over 23,000 employees have reportedly expressed interest in resigning after Trump reintroduced a deferred resignation policy, raising concerns about long-term staffing and morale within the agency.

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