The father of murdered transgender teenager Brianna Ghey has demanded an apology from Rishi Sunak, saying he was “shocked” by the prime minister’s comments in the Commons today.
Speaking to Sky News, Peter Spooner said Mr Sunak’s remarks during PMQs, which the schoolgirl’s mother Esther Ghey attended, were “degrading” and “absolutely dehumanising”.
He said: “As the prime minister for our country to come out with degrading comments like he did, regardless of them being in relation to discussions in parliament, they are absolutely dehumanising.
“Identities of people should not be used in that manner, and I personally feel shocked by his comments and feel he should apologise for his remarks.”
Mr Sunak has been criticised for aiming a political jibe about transgender people at Sir Keir Starmer, saying the Labour leader had broken promises on “defining a woman”.
The prime minister has refused to apologise.
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However, it is understood Brianna’s family has now been invited to a meeting about online safety – which her mother is campaigning to improve – with Mr Sunak and Technology Secretary Michelle Donelan.
During the exchange with Sir Keir, Mr Sunak said: “We are bringing the waiting lists down for the longest waiters and making progress, but it is a bit rich to hear about promises from someone who has broken every single promise he was elected on.
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“I think I have counted almost 30 in the last year. Pensions, planning, peerages, public sector pay, tuition fees, childcare, second referendums, defining a woman – although in fairness that was only 99% of a U-turn.”
Sir Keir has previously said that 99.9% of women “haven’t got a penis”.
The Labour leader, who met Brianna‘s mother on Wednesday, condemned the remark, with a chorus of opposition backbenchers calling out: “Shame.”
Image: Brianna Ghey
“Of all the weeks to say that – when Brianna’s mother is in this chamber,” Sir Keir said.
“Parading as a man of integrity when he’s got absolutely no responsibility.
“I think the role of the prime minister is to ensure that every single citizen in this country feels safe and respected, it’s a shame that the prime minister doesn’t share that.”
Image: Sir Keir Starmer has met Brianna Ghey’s mother, Esther Ghey. Pic: Keir Starmer/Flickr
Mr Sunak also faced calls to apologise from Labour MP Liz Twist during the session but did not directly respond to her call.
Tory MPs criticise Sunak’s remarks
He has even faced criticism from within his own ranks, with former junior minister Dehenna Davison saying it was “disappointing to hear jokes being made at the trans community’s expense” and warning in a post on X that “our words in the House resonate right across our society”.
Speaking on Times Radio, former Tory business minister Jackie Doyle-Price said it was “careless” and “very ill-judged” for Mr Sunak to use the joke “in that context”, but also accused critics of having “weaponised” it.
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Mr Sunak’s press secretary later denied the remark was transphobic and declined repeatedly to say sorry for Mr Sunak’s language, saying it was part of a “legitimate” criticism of Labour.
She said: “If you look back on what the prime minister was saying, there was a long list of U-turns that the leader of the opposition had been making.
“I don’t think those U-turns are a joke, it is quite serious changes in public policy. I think it is totally legitimate for the prime minister to point those out.”
Treasury minister Laura Trott also told the Politics Hub with Sophy Ridgeshe did not think the prime minister had done anything wrong, adding: “What the prime minister was talking about today was absolutely nothing to do with this case.”
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Brianna, 16, was murdered by Scarlett Jenkinson and Eddie Ratcliffe who were both 15 when the schoolgirl was stabbed to death in a Cheshire park last February.
During the sentencing when they were named for the first time, the judge said she had taken into account the “sadistic” and “transphobic hostility” of her killers.
Mr Sunak concluded PMQs by addressing Brianna’s mother, who has been campaigning to ban children from having access to social media apps on their phones.
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He said: “If I could just say also to Brianna Ghey’s mother who is here, as I said earlier this week, what happened was an unspeakable and shocking tragedy.
“As I said earlier this week, in the face of that, for her mother to demonstrate the compassion and empathy that she did last weekend, I thought demonstrated the very best of humanity in the face of seeing the very worst of humanity.
“She deserves all our admiration and praise for that.”
The Chancellor Rachel Reeves has acknowledged there were “too many leaks” in the run-up to last month’s budget.
The flow of budget content to news organisations was “very damaging”, Ms Reeves told MPs on the Treasury select committee on Wednesday.
“Leaks are unacceptable. The budget had too much speculation. There were too many leaks, and much of those leaks and speculation were inaccurate, very damaging”, she said.
The cost of UK government borrowing briefly spiked after news reports that income taxes would not rise as first expected and Labour would not break its manifesto pledge.
An inquiry into the leaks from the Treasury to members of the media is to take place. But James Bowler, the Treasury’s top official, who was also giving evidence to MPs, would not say the results of it would be published.
Committee chair Dame Meg Hillier asked if the group of MPs could see the full inquiry.
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“I’d have to engage with the people in the inquiry about the views on that”, replied Mr Bowler, permanent secretary to the Treasury.
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2:21
OBR leak ‘a mistake of such gravity’
The entire contents of the budget ended up being released 40 minutes early via independent forecasters, the Office for Budget Responsibility (OBR).
A report into this error found the OBR had uploaded documents containing their calculations of budget numbers to a link on the watchdog’s website it had mistakenly believed was inaccessible to the public.
Tax rises ruled out
The chancellor ruled out future revenue-raising measures, including applying capital gains tax to primary residences and changing the state pension triple.
Committee member and former chair Dame Harriet Baldwin had noted that the chancellor’s previous statement to the MPs when she said she would not overhaul council tax and look at road pricing, turned out to be inaccurate.
During the budget, an electric vehicle charge per mile was introduced, as was an additional council tax for those with properties worth £2m or more.
Strategy, the largest Bitcoin treasury company, submitted feedback to index company MSCI on Wednesday about the proposed policy change that would exclude digital asset treasury companies holding 50% or more in crypto on their balance sheets from stock market index inclusion.
Digital asset treasury companies are operating companies that can actively adjust their businesses, according to the letter, which cited Strategy’s Bitcoin-backed credit instruments as an example.
The proposed policy change would bias the MSCI against crypto as an asset class, instead of the index company acting as a neutral arbiter, the letter said.
The first page of Strategy’s letter to the MSCI pushes back against the proposed eligibility criteria change. Source: Strategy
The MSCI does not exclude other types of businesses that invest in a single asset class, including real estate investment trusts (REITs), oil companies and media portfolios, according to Strategy. The letter said:
“Many financial institutions primarily hold certain types of assets and then package and sell derivatives backed by those assets, like residential mortgage-backed securities.”
The letter also said implementing the change “undermines” US President Donald Trump’s goal of making the United States the global leader in crypto. However, critics argue that including crypto treasury companies in global indexes poses several risks.
Crypto treasury companies can create systemic risks and spillover effects
Crypto treasury companies exhibit characteristics of investment funds, rather than operating companies that produce goods and services, according to MSCI.
MSCI noted that companies capitalized on cryptocurrencies lack clear and uniform valuation methods, making proper accounting a challenging task and potentially skewing index values.
Strategy held 660,624 BTC on its balance sheet at the time of this writing. The stock has lost over 50% of its value over the last year, according to Yahoo Finance.
Bitcoin (BTC) is also 15% below its value at the beginning of 2025, when it was trading over $109,000, meaning that the underlying asset has outperformed the equity wrapper.
The high volatility of cryptocurrencies may heighten the volatility of the indexes tracking these companies or create correlation risks, where the index performance would mirror crypto market performance, according to a paper from the Federal Reserve.
Bitcoin and Ether volatility compared to stock indexes, oil and gold. Source: The Federal Reserve
The “common use” of leverage by crypto traders amplifies volatility and lends to crypto’s fragility as an asset class, the Federal Reserve wrote.
MSCI’s proposed policy change, set to take effect in January, could also prompt treasury companies to divest their crypto holdings to meet the new eligibility criteria for index inclusion, creating additional selling pressure for digital asset markets.
The American Federation of Teachers (AFT), a union championing educators in the United States, has voiced its opposition to crypto market structure legislation moving through the Senate, claiming it “threatens the stability of their retirement security.”
In a Monday letter to Republican and Democratic leaders on the US Senate Banking Committee provided by CNBC, the AFT said it opposed passage of the Responsible Financial Innovation Act, the bill that senators said “built on” the House of Representatives’ proposed solution to market structure, the CLARITY Act. According to the teachers’ union, the bill presents “profound risks” to economic stability and retirement plans.
“This bill fails to provide a regulatory structure for crypto assets and stablecoin that is equivalent to that for other pension holdings,” said the letter. “Most pensions do not carry crypto assets because of their risk. This legislation pretends that crypto assets are stable and mainstream, and they are not.”
The CLARITY Act, a July draft of the market structure bill proposed by the Senate Banking Committee, and a November draft from the Senate Agriculture Committee did not explicitly mention allowing digital assets to be used in pensions or retirement funds. The AFT claimed that if the bill were to be passed, “Pensions and 401(k) plans will end up having unsafe assets even if they were invested in traditional securities.”
The American Federation of Labor and Congress of Industrial Organizations raised similar concerns over the market structure bill posing risks to “retirement funds and to the overall financial stability of the US economy” in an October letter to the banking committee. The group claimed that the legislation would “increase workers’ exposure by greenlighting retirement plans like 401(k)s and pensions to hold this risky asset.”
The AFT represents 1.8 million members working in education, healthcare and public services. According to the National Association of State Retirement Administrators, aggregate public pension assets, including teachers, totaled more than $6.5 trillion as of the second quarter of 2025, while the Investment Company Institute reported in September that total retirement assets in the US were about $45.8 trillion.
Trump is addressing crypto in retirement funds through executive orders
Separate from the Senate’s efforts to pass market structure, US President Donald Trump has attempted to change policy to allow cryptocurrencies to be included in 401(k) retirement plans. In August, Trump signed an executive order directing the Labor Department to reevaluate restrictions around alternative assets in defined-contribution plans, including digital assets.
Asset management companies have already been making moves signaling openness to adding digital assets to individual retirement arrangements (IRAs) and 401(k)s.
In October, Morgan Stanley reportedly began allowing its advisers to suggest crypto funds as part of its clients’ retirement portfolios. State-managed retirement funds, such as those in Michigan and Wisconsin, also have exposure to crypto through digital asset-linked exchange-traded funds.
It’s unclear when the Senate will vote on a market structure bill in the full chamber. Wyoming Senator Cynthia Lummis, one of the bill’s most outspoken proponents, said on Tuesday that she anticipated the banking committee releasing an updated draft this week, with a possible markup hearing before Congress broke for the holidays.