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Rishi Sunak has responded to a poll showing Nigel Farage’s Reform party ahead of the Conservatives – saying a vote for the party would “give a blank cheque to Labour”.

Speaking to journalists at the G7 summit in Italy, the prime minister said: “We are only halfway through this election, so I’m still fighting very hard for every vote.

“And what that poll shows is – the only poll that matters is the one on 4 July – but if that poll was replicated on 4 July, it would be handing Labour a blank cheque to tax everyone, tax their home their pension their car, their family, and I’ll be fighting very hard to make sure that doesn’t happen.”

Election latest: Reform overtakes Tories for first time

Mr Sunak batted away the suggestion from Mr Farage that his party now represents the opposition to Labour – after a poll by YouGov put Reform on 19% and the Conservatives on just 18%.

The prime minister said: “Actually, when I’ve been out and about talking to people, they do understand that a vote for anyone who is not a Conservative candidate is just a vote to put Keir Starmer in Number 10.

“So if you want action on lower taxes, lower migration, protected pensions or a sensible approach to net zero you’re only going to get that by voting Conservative.

“And when people are thinking about the substance of what they want to see from a future government, if you’re someone who wants to see control over borders, you’re going to get that from us.”

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He went on: “You’re not going to get that from Labour – they’re going to cancel the Rwanda scheme, they’re not going to put in place a legal migration cap… a sensible approach to net zero.

“I’ve already announced that; Labour would reverse those reforms and put everyone’s bills up with net zero costs.

“And if you want your pension protected, we’re the only ones offering the triple lock plus, so actually, you know, when people sit down especially now this week when everyone can see very clearly the difference in approach from the two parties… will crystallise people’s minds on polling day.”

Ed Conway analyses manifestos:
Labour relying heavily on economic growth
Deep question marks buried in Conservative plan

Asked if the Tory party faced an “existential” threat, Mr Sunak said the publication of the two manifestos showed “there’s a massive difference on tax” between the Conservatives and Labour.

“We want to cut your taxes at every stage of your life in work, setting up a business, buying your first home, when you’re retired, you’re a pensioner or if you have a family – cutting taxes for everybody,” he said.

“The Labour Party consistently can’t tell you which taxes they’re going to put up, but they are going to put them up and as we saw yesterday, they’re going to raise the tax burden to the highest level in this country’s history. And that’s the choice for everyone at the election.”

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UK takes ‘massive step forward,’ passing property laws for crypto

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UK takes ‘massive step forward,’ passing property laws for crypto

The UK has passed a bill into law that treats digital assets, such as cryptocurrencies and stablecoins, as property, which advocates say will better protect crypto users.

Lord Speaker John McFall announced in the House of Lords on Tuesday that the Property (Digital Assets etc) Bill was given royal assent, meaning King Charles agreed to make the bill into an Act of Parliament and passed it into law.

Freddie New, policy chief at advocacy group Bitcoin Policy UK, said on X that the bill “becoming law is a massive step forward for Bitcoin in the United Kingdom and for everyone who holds and uses it here.”

Source: Freddie New

Common law in the UK, based on judges’ decisions, has established that digital assets are property, but the bill sought to codify a recommendation made by the Law Commission of England and Wales in 2024 that crypto be categorized as a new form of personal property for clarity.

“UK courts have already treated digital assets as property, but that was all through case-by-case judgments,” said the advocacy group CryptoUK. “Parliament has now written this principle into law.”

“This gives digital assets a much clearer legal footing — especially for things like proving ownership, recovering stolen assets, and handling them in insolvency or estate cases,” it added.

Digital “things” now considered personal property

CryptoUK said that the bill confirms “that digital or electronic ‘things’ can be objects of personal property rights.”

UK law categorizes personal property in two ways: a “thing in possession,” which is tangible property such as a car, and and a “thing in action,” intangible property, like the right to enforce a contract.

The bill clarifies that “a thing that is digital or electronic in nature” isn’t outside the realm of personal property rights just because it is neither a “thing in possession” nor a “thing in action.”

The Law Commission argued in its report in 2024 that digital assets can possess both qualities, and said that their unclear fit into property rights laws could hamstring dispute resolutions in court.

Related: Group of EU banks pushes for a euro-pegged stablecoin by 2027

Change gives “greater clarity” to crypto users

CryptoUK said on X that the law gives “greater clarity and protection for consumers and investors” and gives crypto holders “the same confidence and certainty they expect with other forms of property.”

“Digital assets can be clearly owned, recovered in cases of theft or fraud, and included within insolvency and estate processes,” it added.