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Sir Keir Starmer has hailed 2024 as a “year of change” as he shared his first New Year message as prime minister.

But the Labour leader, who took office after a staggering general election victory over the Conservatives in July, admitted there is “still so much more to do” in 2025.

It will include a plan to make sure there will be “more cash in your pocket”, as well as a raft of other initiatives for “change”.

Almost six months into the prime minister’s time in Downing Street, Sir Keir is battling criticisms of his party’s management of the economy and the direction in which he is taking the country.

Despite this, the Labour leader’s New Year message largely takes an optimistic tone, celebrating a “year of changing Britain for the better” and looking forward to a “fight for change” that will define “every waking hour of this government”.

The prime minister also takes a moment to joke that his mantra of “change” didn’t extend to football in 2024, lamenting “another agonisingly close shave for England” in the Euros final.

He said: “But change in politics, with the election of this Labour government in July. And more importantly, with the work of change that we have begun.

“The minimum wage will be raised by a record amount. Wages are up more broadly. Returns of foreign national criminals – up 20%. Billions of pounds worth of new projects in clean British energy making our country more secure. And over £25bn invested in our NHS starting to cut waiting lists in your local hospital.

“Now, I know there is still so much more to do. And that for many people it’s hard to think about the future when you spend all of your time fighting to get through the week.

“So I want to be clear. Until you can look forward and believe in the promise and the prosperity of Britain again, then this government will fight for you.”

The prime minister says this “fight for change” will “define this year, next year, and indeed – every waking hour of this government”.

Read more from Sky News:
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He mentions his “Plan for Change”, vowing to focus on a “year of rebuilding” for the country – and “rediscovering the great nation that we are”.

“We have a clear plan for change: 1.5 million new homes – restoring the dream of home ownership; children starting school, ready to learn; a more secure energy system; waiting lists cut dramatically; immigration – reduced; neighbourhood police, tackling anti-social behaviour in every community; and more cash in your pocket, wherever you live,” Sir Keir explains.

“A nation that gets things done. No matter how hard or tough the circumstances.

“We will have time to reflect on that this year. A chance, with the 80th anniversary of VE and VJ day, to cherish the greatest victories of this country. And the greatest generation that achieved it.

“But that victory – and indeed the peace and the prosperity that followed – all rested on that same foundation we must rebuild today.

“The security of working people. That is the purpose of this government. The goal of our Plan for Change. And we will push it forward in 2025.”

The prime minister concludes: “Here’s to a year of changing Britain for the better.”

Sir Ed Davey, the leader of the Liberal Democrats, has also shared his New Year message.

He has called on Labour to “be much bolder” to deliver “real change” and tackle the challenges facing the UK in 2025.

The Lib Dem leader also used his New Year message to claim instability and insecurity around the world has been “made worse” by Donald Trump’s re-election in the US.

Sir Ed is looking forward to the next year with “genuine hope”, he will say, as the UK has “the people, the grit, the talent, the businesses – and the right values, to change things for the better”.

Meanwhile, Reform UK leader Nigel Farage said in his message that the UK has been “appallingly led” for several decades.

He said: “We’re in societal decline, we’re in economic decline, most people are getting poorer with every year that passes, we’re losing any sense of national identity and we’re actually teaching kids at school that people like Winston Churchill – born in this palace – are bad people and that our country’s history is something to be ashamed of.”

Mr Farage said Reform’s campaigning will include calls for “proper border controls” and to reduce the cost of living.

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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.

Read more:
Should you get Lifetime ISA? Two key issues to consider
Building societies protest against proposed ISA reforms
Is there £15bn of wiggle room in Reeves’s fiscal rules?

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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Programmable regulation is the missing key to DeFi’s legal future

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Programmable regulation is the missing key to DeFi’s legal future

Programmable regulation is the missing key to DeFi’s legal future

Programmable regulation could be the solution to legacy regulatory frameworks struggling to keep pace with DeFi’s rapidly evolving ecosystems. Embedding compliance in code can bring legal clarity, reduce risk and foster innovation in DeFi.

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