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David Cameron has told Sky News he planned to sanction two Israeli ministers while in government but “ran out of time” – as Sir Keir Starmer said he was considering the move over their “abhorrent” comments.

In an interview with Kay Burley, the former foreign secretary called on Sir Keir to “find a way” to penalise Israeli finance minister Bezalel Smotrich and national security minister Itamar Ben-Gvir.

Mr Smotrich has been criticised for suggesting it might be “just and moral” to withhold food aid from Gaza, while Mr Ben-Gvir has backed the expansion of illegal settlements in the West Bank.

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Lord Cameron said he had been looking at imposing the sanctions himself before the general election.

He told Sky News he believed the move to put pressure on Israel was a “better option” than a partial arms embargo, which Foreign Secretary David Lammy announced in September.

Lord Cameron said: “I was looking at the things we could do to say to the Israelis we back your right to self-defence… but at the same time, we do want you to try and obey… humanitarian law.

“And these two ministers are people who have tried, they’ve encouraged you, to stop aid getting into Gaza and encouraged the extreme settlers in the West Bank to carry out illegal acts.

“So it seemed to me it was worth looking at whether we could sanction these two individual ministers.”

Bezalel Smotrich and Itamar Ben-Gvir. Pics: Reuters
Image:
Israeli ministers Bezalel Smotrich (L) and Itamar Ben-Gvir (R) may be sanctioned by the UK. Pics: Reuters

Lord Cameron said he ultimately didn’t enact the measures because he was advised “that it was quite a political act in the wrong direction”, adding that “we sort of ran out of time”.

“I mention it because we now have 100 days of the new government, and it seems to me looking at that is actually a better option than what they’ve done in terms of the partial arms embargo on Israel, because we do back Israel’s right to self-defence,” he said.

You can watch Kay Burley’s full interview with David Cameron on Sky News from 6am on Thursday.

Sir Keir told MPs earlier on Wednesday that he was “looking at” the option of sanctioning the two Israeli ministers.

The PM said Mr Smotrich and Mr Ben-Gvir had made “abhorrent” comments about the situation in the Gaza Strip and the West Bank.

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“The humanitarian situation in Gaza is dire,” he added.

“The death toll has passed 42,000 and access to basic services is becoming much harder.

“Israel must take all possible steps to avoid civilian casualties, to allow aid into Gaza in much greater volumes, and provide the UN humanitarian partners the ability to operate effectively.”

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Reacting to the prime minister’s comments, Mr Ben-Gvir told Israeli media that “just as before the establishment of the Jewish state the British worked to make it impossible, now they continue to do so after its establishment in the midst of an existential war”.

He said “the days of the British Mandate” – which saw the UK govern what was then Mandatory Palestine – “are over”.

Israeli National Security Minister Itamar Ben-Gvir looks on, near the scene of a shooting attack in Jaffa, Israel, September 1, 2024. REUTERS/Ammar Awad
Image:
Itamar Ben-Gvir (centre) issued a response to Sir Keir Starmer’s comments. File pic: Reuters

Mr Ben-Gvir added: “They do not scare me, and I will continue to act in accordance with the supreme national interests of the state of Israel only and for the people of the country.”

The UK government has announced a fresh wave of sanctions in response to violence by “extremist Israeli settlers” in the West Bank.

The measures target three outposts and four organisations that have supported and perpetrated “heinous abuses of human rights” against Palestinian communities in the occupied territory, Mr Lammy said.

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The UK has also called an urgent meeting of the UN Security Council as the humanitarian situation in northern Gaza deteriorates.

Mr Lammy said access to basic services is “worsening” and the UN has reported “barely any food has entered in the last two weeks”.

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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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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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