Sunak claims Starmer could ‘put Brexit in peril’ – as Labour warn voters against election complacency
The Conservatives have claimed a Labour government could “put Brexit in peril” in statements and op-eds published on the eighth anniversary of the EU referendum.
Rishi Sunak has made a series of claims about rival Sir Keir Starmer and his intentions if Labour get into government – claiming he “would recommit us to free movement of EU citizens, taking thousands more illegal migrants and binding our businesses again in Brussels red tape”.
“Keir Starmer has never believed we can succeed as a sovereign country and has tried to overturn the result time and time again,” he said. “Now he has committed to years more wrangling the EU and abandoning all our hard-won freedoms like the ability to strike more trade deals and cut more red tape.
“Make no mistake, Brexit would be in peril under Labour.”
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Sunak and three other Conservatives have launched Brexit-related attacks on Labour. Pic: PA
Business Secretary Kemi Badenoch has claimed Starmer and Labour “have never believed in Britain’s ability to forge its own path”.
“Instead of using the opportunities, Starmer wants to renegotiate the Brexit deal, taking us back to square one of being a rule-taker from Brussels,” she added.
“Only the Conservatives will continue to take the bold action required to build a secure, independent future for our country.”
What have Labour said about Brexit and the EU?
Sir Keir last month told Sky News he plans to seek “a better [Brexit] deal than the one that we’ve got” if elected in next month’s general election.
“I don’t think many people look at that deal and think it’s working very well,” he said of the current trade arrangements. “We were promised an oven-ready deal and we got something that was, frankly, half-baked.”
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‘We need a better Brexit deal’
The Labour manifesto makes one mention of Brexit. It reads: “With Labour, Britain will stay outside of the EU. But to seize the opportunities ahead, we must make Brexit work.”
“We will reset the relationship and seek to deepen ties with our European friends, neighbours and allies,” it continues. “That does not mean reopening the divisions of the past.
“There will be no return to the single market, the customs union, or freedom of movement.
“Instead, Labour will work to improve the UK’s trade and investment relationship with the EU, by tearing down unnecessary barriers to trade.”
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Meanwhile, Home Secretary James Cleverly has claimed Labour will “open the door to 100,000 illegal migrants” in a piece for the Sunday Telegraph – which a Labour spokesperson has already labelled “desperate lies from a party that has totally failed to control our borders or manage the asylum system”.
And in The Times, Levelling Up Secretary Michael Gove has said in a new interview: “I think one of the biggest question marks over Labour is what they would do in terms of relations with the EU because it is on the record that Starmer did everything he could to frustrate a Brexit deal and to secure a second referendum.
“I was in the room with him when we were trying to negotiate an agreement between Labour and the Conservatives under Theresa [May] to secure a Brexit deal.”
Meanwhile, as polls continue to predict Labour are heading for a comfortable majority, their national campaign co-ordinator has reminded the public: “Change will only happen if you vote for it.”
Labour’s national campaign coordinator Pat McFadden wrote in the Observer: “There is a danger that the debate in this election becomes consumed by polls and specifically by the idea that the outcome is somehow pre-determined… No way is this election a done deal.
“The headlines about the clutch of MRP polls disguise a huge level of uncertainty.”
The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans.
On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options.
The government agency removed the guidance asserting that it represented a departure from the department’s “historically neutral, principled-based approach to fiduciary investment decisions.”
“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats,” said US Secretary of Labor Lori Chavez-DeRemer.
The Labor Department under Biden criticized the practice of marketing cryptocurrencies to 401(k) participants. At the time, the agency claimed cryptocurrencies posed “significant risks and challenges” to participants’ retirement accounts due to their “speculative and volatile” nature and “valuation concerns,” among other reasons.
The American Banking Association (ABA) criticized the 2022 compliance release, claiming that it did not make the guidance available for public comment and review prior to issuance.
Related: Fidelity introduces retirement accounts with minimal-fee crypto investing
Trump administration shifts crypto landscape
President Trump has pledged to make the United States “the world capital of crypto” during his 2024 campaign.
Under his administration, the Securities and Exchange Commission has scaled back several enforcement actions and investigations involving Web3 companies such as Uniswap, Coinbase, and Kraken, while also engaging in policy discussions on topics like real-world asset tokenization and the regulatory status of certain tokens.
At the same time, some lawmakers have expressed concerns about Trump’s involvement in the crypto space, including calls for greater scrutiny of his associated ventures.
Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience:
“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.”
The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country.
Pakistan’s shift reflects the broader trend of nation-states adopting pro-crypto policies following the regulatory shift in Washington, DC under the President Donald Trump administration.
Related: Pakistan appoints special assistant to PM on blockchain and crypto
United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics.
Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience:
“What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions. The first thing that I would ask you, is to take the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond.”
“Don’t ignore politics because I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” the vice president continued.
Bitcoin continues to gain institutional legitimacy and has been elevated to an asset class with macroeconomic and geopolitical importance. Market analysts and Bitcoin advocates warn that the global race to acquire BTC is underway between sovereign powers.
Related: Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
Nation-state Bitcoin adoption
Bitcoin maximalists and market analysts argue that high-stakes game theory compels nation-states to adopt BTC due to the downside or opportunity cost of not adopting the scarce digital asset as sovereign competitors do.
This alleged nation-state’s fear of missing out (FOMO) was amplified by US President Donald Trump’s pro-crypto stance, including the creation of a Bitcoin strategic reserve and a crypto advisory council.
The regulatory shift in the United States prompted other governments to indicate a possible policy reset on cryptocurrencies and Bitcoin.
The government of India, for instance, is reconsidering its crypto policies in response to regulatory changes in the US. India’s economic affairs secretary, Ajay Seth, said that digital assets do not care about borders.
Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee
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