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It’s a small party with big ambition, a handful of MPs led by a controversial but charismatic leader determined to turn anti-establishment sentiment into a major political breakthrough.

No, not Reform – it’s the Greens with a palpable new air of brashness and confidence that will be making waves this weekend, as their party conference commences in the seaside town of Bournemouth.

As a movement in the UK, they have maintained a steadfast presence over many years but have failed to really cut through nationally, with disenfranchised left-wingers more inclined to drift to the Lib Dems.

The last general election was different though, taking them from one to four MPs – no mean feat in a first past the post system.

And now a potent mixture of fractured politics and mass disappointment at Labour’s faltering first year in office has left an opportunity for even greater advancement.

Ready to seize it is their newly elected leader, Zack Polanski, whose style seems well-suited to the current climate and is far more confrontational than his gentler predecessors.

He is adept at social media and takes to it with an ease almost every other politician can only dream of – no clunky attempts at mimicking influencers or boring walking and talking in the constituency videos.

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Instead, he goes out and interviews voters himself, coming across as interested and persuasive and has even started his own podcast, which is well-executed and engaging.

Another explanation of their current momentum is their policies which are clear, memorable and indicative of their values – something that most political parties aim for but don’t often achieve.

The Greens would bring in a wealth tax aimed at the super rich, they would nationalise the water companies, they describe the assault on Gaza as genocide, they support self-ID for trans people, and of course, they want to protect the environment.

And I remembered all that without googling – how’s that for landing your message?

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‘We don’t have time to wait for Corbyn’

But of course, like all parties, especially those gaining support, they face challenges and criticism.

Their biggest obstacle as they grow will be maintaining unity amongst the increasingly disparate factions of new Green voters.

Is it possible to happily combine countryside-loving former Tories with angry ex-Labour city dwellers, pro-Gaza Muslims and trans activists?

So far, they seem to be managing it, but we’ll find out over the next few days if any cracks are starting to appear.

Another big obstacle is Nigel Farage, a figure uniquely skilled at demanding attention and dominating the political landscape.

When it comes to hoovering up the support of the disenfranchised, he’s been doing it for decades and it’s paying off, with polls now tipping him for prime minister.

Read more:
People in the UK have less disposable income

The battle for the soul of Your Party continues

Mr Polanski will accuse Labour of playing “handmaidens” to Reform’s “dangerous politics” rather than confronting it.

“When Farage says jump, Labour asks ‘how high’,” he will say.

Despite the Greens having a comparable number of MPs, they are not making the same kind of progress and like every other leader, Mr Polanksi will have to work out how to make a dent in Reform’s rise.

At the same time, they have a tricky challenger from their own side, with Jeremy Corbyn and Zarah Sultana’s chaotic new party likely to eat into their vote, if it can survive.

And finally, they also face the standard criticisms – that their sums don’t add up, that their tax and spend plans are unrealistic, that they are woke and disconnected – all of which they will need to take on to get closer to power.

These are just some of the issues that will come up in Bournemouth this weekend, where the forecast predicts a storm is coming – let’s see.

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Cutting cash ISA allowance could backfire – and make mortgages more expensive, MPs warn

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Cutting cash ISA allowance could backfire - and make mortgages more expensive, MPs warn

Cutting the annual allowance for cash ISAs could backfire in multiple ways, an influential group of MPs has warned the government.

For months, speculation has been growing that the chancellor may slash the yearly limit for tax-free savings – potentially from £20,000 to £10,000.

The government is hoping to encourage savers to invest in stocks and shares ISAs instead, which can offer greater long-term returns and improve financial health.

But according to the Treasury Committee, slashing allowances would be unlikely to achieve this – and could lead to higher prices for consumers.

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Chancellor faces tough budget choices

Building societies rely on cash ISA savings to fund mortgage lending – and a drop in deposits might lead to higher interest rates or fewer products on the market.

Committee chairwoman Dame Meg Hillier said “we are a long way” from achieving a culture where substantial numbers of Britons invest in the stock market.

“This is not the right time to cut the cash ISA limit,” she warned. “Instead, the Treasury should focus on ensuring that people are equipped with the necessary information and confidence to make informed investment decisions.

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“Without this, I fear the chancellor’s attempts to transform the UK’s investment culture simply will not deliver the change she seeks, instead hitting savers and borrowers.”

Read more: How to get started with a stocks and shares ISA

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Govt ‘not satisfied’ after inflation sticks at 3.8%

The latest figures suggest two-thirds of contributions to ISAs in the 2023/24 tax year went to cash accounts – bringing total holdings to £360bn.

An estimated 14.4 million consumers solely save in a cash ISA, with the average balance standing at £6,993.

Surveys suggest that, if allowances were cut, consumers may move their cash to alternative savings accounts where they would have to pay tax on interest.

Skipton Group executive Charlotte Harrison previously warned: “Building societies, which funds over a third of all first-time buyer mortgages, rely on retail deposits like cash ISAs to fund their lending.

“If ISA inflows fall, the cost of funding is likely to rise, and that means mortgages could become both more expensive and harder to access.”

She claimed a policy change could end up “penalising savers who want low-risk, flexible options” – adding: “Cash ISAs work. Undermining them doesn’t.”

Read more money news:
What’s behind surprising rise in retail sales

Tesco rolls out bodycams to security staff

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Tax hikes possible, Reeves tells Sky News

Chancellor Rachel Reeves said: “At the moment, often returns on savings and returns on pensions are lower than in comparable countries around the world.

“I do want to make sure that when people put something aside for the future, they get good returns on those savings.”

The committee’s warning comes amid speculation over whether Ms Reeves will raise income tax at next month’s budget – breaking a key Labour manifesto pledge.

Newspaper reports have suggested that the basic rate of income tax could be increased for the first time since the 1970s – up 1p to 21%.

This could raise about £8bn and help tackle a black hole in the country’s finances, but risks squeezing consumers further as a cost-of-living crisis continues.

A 1p rise to the higher band of income tax – taking that rate to 41% – is also believed to be under consideration, but this would only boost the nation’s coffers by £2bn.

Ms Reeves has refused to rule out such a move, telling Sky’s deputy political editor Sam Coates that she is looking at both tax rises and spending cuts ahead of her statement to the Commons on 26 November.

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Bank of England probes data-mining lending strategies fueling AI bets

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Bank of England probes data-mining lending strategies fueling AI bets

Bank of England probes data-mining lending strategies fueling AI bets

The Bank of England is worried that a rise in financiers’ lending to data center lending may cause an AI bubble reminiscent of the dot-com crash in the early 2000s.

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Trump to nominate SEC’s ‘pro-crypto’ Michael Selig as CFTC chair: Report

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<div>Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report</div>

<div>Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report</div>

The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn.

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