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Nigel Farage will kick off Reform UK’s policies in South Wales on Monday, where he is poised to put pressure on the Tories over immigration and tax.

The Reform leader will launch his party’s “contract with the people” – which they will not call a manifesto – in Merthyr Tydfil to highlight “what happens to a country when Labour is in charge”.

The Senedd in Cardiff is the devolved legislature of Wales and is currently run by a Labour-administration.

The launch will follow a productive few days for Reform that saw his party overtake the Conservatives for the first time – prompting Mr Farage to declare his party the “opposition” to Labour.

Election latest: Pub registered as political party; Farage to launch Reform manifesto in Wales

His fortunes increased further after another poll by Survation for The Sunday Times showed the Tories could be reduced to just 72 seats in the next parliament, while a separate survey by Savanta for The Sunday Telegraph showed Reform up another three points.

Reform has consistently pushed the Conservatives to adopt a more hardline stance on immigration and tax cuts.

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In a flavour of the policies that will be unveiled tomorrow, the party said earlier this month that it would like to see a tax on businesses who employ overseas workers.

This would see firms pay a higher 20% rate of national insurance for foreign workers, up from the current 13.8%.

Reform is also opposed to Labour’s plans to end private school tax exemptions, and wants the UK to leave the European Convention on Human Rights, overseen by the European Court of Human Rights (ECHR) in Strasbourg, in order to use offshore processing centres for illegal immigrants and prevent them from claiming asylum.

Some Tory candidates and former MPs on the right of the party have been agitating for Mr Sunak to advocate for an exit from the ECHR – something he has been reluctant to do but has left the door open to.

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Other Reform policies include offering vouchers to go private if you can’t see a GP in three days, scrapping interest on student loans, increasing police numbers, keeping “woke ideologies out of the classroom”, abolishing the TV licence fee, reforming the Lords and reducing “wasteful spending”.

Mr Farage used an article in The Sunday Telegraph to criticise Lord Cameron, the foreign secretary, for an interview he gave to The Times on Friday in which he urged voters to reject the Reform leader’s “inflammatory language” and “dog whistle” politics.

In response, Mr Farage wrote: “If Lord Cameron is worried about damaging divisions, he should look a bit closer to home.

“The terminally divided Tory party has proved itself incapable of effective government over the past 14 years – and is set to be even more hopelessly split in opposition, after it gets hammered on 4 July.”

The Reform leader will also turn his fire on Labour, saying he had chosen Wales to launch his “contract with the people” “because it shows everyone exactly what happens to a country when Labour is in charge”.

“Schools are worse than in England, NHS waiting lists are longer than in England, COVID restrictions were even tighter than in England and now Welsh motorists are being soaked by literally hundreds of speed cameras to enforce the deeply unpopular new 20mph blanket speed limit in towns and villages,” he said.

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“Meanwhile, the Tories have been the official opposition almost solidly since 2016 and have achieved zilch, which probably explains why we are neck-and-neck with them in the polls in Wales.

“So, if you want a picture of what the whole country will be like with a Starmer government and a feeble Conservative opposition, come to Wales and then hear us unveil a better future for all of Britain”.

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Rishi Sunak has repeatedly said a vote for Mr Farage’s party amounted to handing a “blank cheque” to Labour, whom the polls predict will form the next government from 4 July.

The full list of candidates standing in Merthyr Tydfil and Aberdare are:

  • Workers Party of Britain – Anthony Cole
  • Communist Party of Britain – Bob Davenport
  • Independent – Lorenzo de Gregori
  • Green Party – David Griffin
  • Conservative Party – Amanda Jenner
  • Labour Party – Gerald Jones
  • Liberal Democrats – Jade Smith
  • Reform UK – Gareth Thomas
  • Plaid Cymru – Francis Whitefoot

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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.

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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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