Yvette Cooper: What you need to know about the potential future home secretary
After rising to Labour stardom under New Labour, Yvette Cooper was sidelined under Jeremy Corbyn. But she’s now seen a rapid return to the frontbenches.
Yvette Cooper was first elected in the 1997 Labour landslide; the previous incumbent was prised from a safe seat to afford her easy entry to the Commons.
Since then, she has been the first female chief secretary to the Treasury, where she was an advocate for a “feminist approach to economics”.
But she has also faced a turbulent time in opposition – after being relegated to the backbenches under Jeremy Corbyn; perhaps as a consequence of her public criticisms of him.
Most recently, in her role as shadow home secretary under Sir Keir Starmer, she has promised to run a “hands-on Home Office” with a focus on cutting crime rates.
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Many people may also know her from her marriage to Ed Balls, Gordon Brown’s former top adviser and confidante. Ms Cooper and Mr Balls married in 1998, and soon became the ultimate power couple. Their marriage made them the first couple to sit in the government cabinet together. They have three children.
Ed Ball and Yvette Cooper were both journalists before being politicians. Pic: PA
A family with an impeccable Labour pedigree
Ms Cooper was born in Inverness in Scotland in 1969 but raised in the South East of England in leafy Hampshire.
She was born into a Labour family – her father was a union leader, and her mother was a maths teacher who initially came from a mining community.
Ms Cooper has previously spoken of how her father’s unionist values – whom she joined on marches in the early 1980s – have stayed with her throughout her political career.
First taste of politics… ‘I organised a prefect’s strike’
Ms Cooper attended state comprehensive schools as a child, but has admitted she got the political bug while there – over the issue of “white socks”.
She recalls feeling a sense of burning “injustice” when one of the male prefects came to school wearing white socks.
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She made the decision to take away his prefect badge and send him “to the headmaster with our demands”.
The perfect career politician’s CV
Ms Cooper later attended Oxford University and read PPE – coming away with a first-class degree.
She was then awarded a Kennedy Scholarship in 1991 to study at Harvard University.
She finished her studies with a MSc in economics at the London School of Economics.
A varied early career
Ms Cooper’s first job was on a farm picking strawberries and driving a tractor.
She later embarked on a journalism career as lead writer of an economic column for The Independent.
‘I did not think I would end up as an MP’
On her feet in the House of Commons
It was 1992 in Arkansas where Ms Cooper made her first impact on the political scene, working on Bill Clinton’s successful presidential campaign.
At the same time, she was also working in the office of the then Labour leader John Smith, as an economic researcher.
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Ms Cooper was then chosen for the seat of Pontefract and Castleford in 1997 which she won with a majority of 25,725 votes, aged 28.
It’s remained a safe Yorkshire seat – although it was renamed Normanton, Pontefract and Castleford in 2010. In the 2019 general election, her majority was reduced to just 1,276 votes.
Time in the House of Commons
Ms Cooper quickly found herself working her way up the ranks in the Labour Party and was allocated her first position as parliamentary under-secretary in the Department for Health in 1999.
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UK is ‘desperate for change’
Ms Cooper then held multiple junior government roles under Tony Blair.
In 2001, she became the first minister to have a period of maternity leave – though some criticism was levelled at her for this, including being called “the Minister for Maternity Leave”.
In 2008, she was the first woman to be appointed as chief secretary to the Treasury, where she spent time highlighting the impact of the recession on women.
After the 2010 election defeat, she got the most votes of any Labour MP in the elected shadow cabinet and took on the role of shadow home secretary.
A tumultuous time in opposition
Ms Cooper faced a tumultuous time in opposition after she was relegated to the backbenches under Jeremy Corbyn’s leadership.
In 2015, she ran against Mr Corbyn in the campaign for the Labour leadership, sparked by the resignation of Ed Miliband.
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She accused Mr Corbyn, the only leftwinger on the ballot, of “bad economics” and policies which “[weren’t] credible”.
She came third with 17% of the vote.
Sir Keir Starmer makes her a frontline star again
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After Sir Keir was elected leader of the Labour Party, Ms Cooper soon saw the dynamic change within the party and was brought back to the frontbenches.
Sir Keir Starmer and Yvette Cooper take part in a roundtable on tackling violence against women and girls. Pic: PA
Ms Cooper was tasked with the role of shadow secretary of state for the Home Department – a position she has held since 2021.
In this role, she has set out a “five-point plan” for her department:
- Crackdown on criminal smuggler gangs, through new cross-border police unit
- Clear the backlog and end hotel use
- Reform legal routes for refugees to stop people being exploited by gangs
- New agreement with France and other countries on returns and family reunion
- Tackle humanitarian crises at source helping refugees in their region
Ms Cooper has also claimed she would run a “hands-on Home Office” if she takes the reins after the election and would focus on cutting crime.
SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.
“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.
The lava is crypto, says Peirce
Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.
“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.
Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.
Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.
“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”
Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.
Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.
Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.
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Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.
He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.
“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.
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Politics
Labour and Reform in battle for Runcorn by-election seat – but disillusionment could be eventual winner
On the banks of the Mersey, Runcorn and Helsby is a more complicated political picture than the apparent Labour heartland that first presents itself.
Yes, there are industrial and manufacturing areas – an old town that’s fallen victim to out-of-town shopping, and an out-of-town shopping centre that’s fallen victim to Amazon.
But there are also more middle-class new town developments, as well as Tory-facing rural swathes.
Space Cafe director Marie Moss says a sense of community has faded
One thing this area does mirror with many across the country, though, is a fed-up electorate with little confidence that politics can work for them.
In the Space Cafe in Runcorn Old Town, its director Marie Moss says many in the region remember a time when a sense of community was more acute.
“People were very proud of their town… and that’s why people get upset and emotional as they remember that,” she says.
It’s this feeling of disenfranchisement and nostalgia-tinged yearning for the past that Reform UK is trading off in its targeting of traditional Labour voters here.
Party leader Nigel Farage features heavily on leaflets in these parts, alongside spikey messaging around migration, law and order, and Labour’s record in government so far.
Runcorn 2024 result
Taxi driver Mike Holland hears frequent worries about that record from those riding in the back of his cab.
A Labour voter for decades, he says locals were “made up” at last year’s election result but have been “astonished” since then, with benefit changes a common topic of concern.
“Getting a taxi is two things, it’s either a luxury or a necessity… the necessity people are the disabled people… and a lot of the old dears are so stressed and worried about their disability allowance and whether they are going to get it or not get it,” he says.
But will that mean straight switchers to Reform UK?
Taxi driver Mike Holland has voted for Labour for decades, but is now looking at the Lib Dems and Greens – or may not vote at all
Mike says he agrees with some of what the party is offering but thinks a lot of people are put off by Mr Farage.
He’s now looking at the Liberal Democrats and Greens, both of whom have put up local politicians as candidates.
Or, Mike says, he may just not vote at all.
It’s in places like Runcorn town that some of the political contradictions within Reform UK reveal themselves more clearly.
Many here say they were brought up being told to never vote Tory.
And yet, Reform, chasing their support, has chosen a former Conservative councillor as its candidate.
It’s no surprise Labour has been trialling attack lines in this campaign, painting Mr Farage’s party as “failed Tories”.
As a response to this, look no further than Reform’s recent nod to the left on industrialisation and public ownership.
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Local elections could re-shape politics
But head 15 minutes south from Runcorn docks, and this by-election campaign changes.
Rural areas like Frodsham and Helsby have, in the past, tended towards the Tories.
The Conservatives, of course, have a candidate in this vote, one who stood in a neighbouring constituency last year.
But Reform is now making a hard play for their supporters in these parts, with a softer message compared to the one being put out in urban areas – an attempt to reassure those anxious about too much political revolution coming to their privet-lined streets.
Labour, meanwhile, is actively trying to mobilise the anti-Farage vote by presenting their candidate – another local councillor – as the only person who can stop Reform.
Makeup artist Nadine Tan is concerned about division and anger in the community
The pitch here is aimed at voters like Frodsham makeup artist Nadine Tan, who are worried about division and anger in the community.
“I think they need to kind of come together and stop trying to divide everyone,” she says.
But like Mike the taxi driver five miles north, disillusionment could be the eventual winner as Nadine says, despite the “thousands of leaflets” through her door, she still thinks “they all say the same thing”.
One factor that doesn’t seem to be swinging too many votes, though, is the insalubrious circumstances in which the area’s former Labour MP left office.
Labour MP Mike Amesbury was convicted of punching a man in the street. Pic: Reuters
Mike Amesbury stepped down after being convicted of repeatedly punching a constituent in a late-night brawl outside a pub.
But across the patch, many praise their ex-MP’s local efforts, while also saying he was “very silly” to have acted in the way he did.
That may be putting it mildly.
But it’s hard to find much more agreement ahead of Thursday’s vote.
A constituency still hungry for change, but unsure as to who can deliver it.
Full list of candidates, Runcorn and Helsby by-election:
Catherine Anne Blaiklock – English Democrats
Dan Clarke – Liberal Party
Chris Copeman – Green Party
Paul Duffy – Liberal Democrats
Peter Ford – Workers Party
Howling Laud Hope – Monster Raving Loony Party
Sean Houlston – Conservatives
Jason Philip Hughes – Volt UK
Alan McKie – Independent
Graham Harry Moore – English Constitution Party
Paul Andrew Murphy – Social Democratic Party
Sarah Pochin – Reform UK
Karen Shore – Labour
John Stevens – Rejoin EU
Michael Williams – Independent
Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.
On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post.
The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added.
Loopscale is “working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations,” its said in an X post.
“Our team is fully mobilized to investigate, recover funds, and ensure users are protected,” Gooneratne said.
In the first quarter of 2025, hackers stole more than $1.6 billion worth of crypto from exchanges and on-chain smart contracts, blockchain security firm PeckShield said in an April report.
More than 90% of those losses are attributable to a $1.5 billion attack on ByBit, a centralized cryptocurrency exchange, by North Korean hacking outfit Lazarus Group.
Related: Crypto hacks top $1.6B in Q1 2025 — PeckShield
Unique DeFi lending model
Launched on April 10 after a six-month closed beta, Loopscale is a DeFi lending protocol designed to enhance capital efficiency by directly matching lenders and borrowers.
It also supports specialized lending markets, such as “structured credit, receivables financing, and undercollateralized lending,” Loopscale said in an April announcement shared with Cointelegraph.
Loopscale’s order book model distinguishes it from DeFi lending peers such as Aave that aggregate cryptocurrency deposits into liquidity pools.
Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards of 40 different token pairs.
The DeFi protocol has approximately $40 million in TVL and has attracted upwards of 7,000 lenders, according to researcher OurNetwork.
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