Connect with us

Published

on

Gensler will step down as SEC Chair and depart from the agency entirely on Jan. 20, 2025, when President-elect Donald Trump starts his presidential term.

Continue Reading

Politics

SEC lawsuits will ‘quietly go away’ after Gensler steps down: Pantera

Published

on

By

SEC lawsuits will ‘quietly go away’ after Gensler steps down: Pantera

The defendants will likely have to pay something along with “neither admit nor deny” type language, says Pantera’s chief legal officer Katrina Paglia. 

Continue Reading

Politics

Solana ETF regulatory filings flood in as Gensler sets departure date

Published

on

By

Solana ETF regulatory filings flood in as Gensler sets departure date

Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.

Continue Reading

Politics

Former Labour deputy prime minister John Prescott dies aged 86

Published

on

By

Former Labour deputy prime minister John Prescott dies aged 86

Former Labour deputy prime minister John Prescott has died aged 86, following a battle with Alzheimer’s, his family has announced.

The former trade union activist and ex-merchant seaman served as MP for Kingston upon Hull East for 40 years and was a key part of New Labour under Sir Tony Blair.

His family said he had “spent his life trying to improve the lives of others, fighting for social justice and protecting the environment”.

Lord Prescott died peacefully, surrounded by relatives at his care home on 20 November.

Read more: Labour’s stalwart who pulled no punches

John Prescott and his wife Pauline.
Pic: PA
Image:
John Prescott and his wife Pauline.
Pic: PA

Please use Chrome browser for a more accessible video player

The John Prescott ‘punch’ moment from 2001

In a statement released after his death, his wife Pauline and sons Johnathan and David said that representing the people of Hull had been his “greatest honour”.

They said: “We are deeply saddened to inform you that our beloved husband, father and grandfather, John Prescott, passed away peacefully yesterday at the age of 86.

More on John Prescott

“He did so surrounded by the love of his family and the jazz music of Marian Montgomery.

“John spent his life trying to improve the lives of others, fighting for social justice and protecting the environment, doing so from his time as a waiter on the cruise liners to becoming Britain’s longest-serving deputy prime minister.

“John dearly loved his home of Hull and representing its people in Parliament for 40 years was his greatest honour.”

Please use Chrome browser for a more accessible video player

Former deputy PM John Prescott dies

They continued: “We would like to thank the amazing NHS doctors and nurses who cared for him after his stroke in 2019 and the dedicated staff at the care home where he passed away after latterly living with Alzheimer’s.

“In lieu of flowers and if you wish to do so, you can donate to Alzheimer’s Research UK.

“As you can imagine, our family needs to process our grief so we respectfully request time and space to mourn in private.

“Thank you.

“Pauline, Johnathan and David Prescott.”

Read more from Sky News:
Politics latest: Follow live
Angela Rayner criticises farm tax ‘scaremongering’
Google could be forced to sell Chrome browser

A political giant



Mhari Aurora

Political correspondent

@MhariAurora

The death of John Prescott – the longest-serving deputy prime minister in British history – has sent shockwaves through British politics.

Serving in Neil Kinnock’s shadow cabinet before becoming Tony Blair’s deputy, Prescott was a political giant and an incredibly influential working-class voice in the Labour movement.

The son of a railway signalman and the grandson of a miner, Prescott offered a fresh working-class perspective in stark contrast to Tony Blair’s wealthy Oxbridge background: something that Blair has said undoubtedly contributed to Labour’s electoral success.

Current deputy prime minister Angela Rayner has been compared to John Prescott for providing Starmer with a working-class teammate with a trade union background, but Prescott’s colourful life and authenticity – even when that meant punching a protester for throwing an egg at him – can never be emulated.

Whatever he’s remembered for – from the Kyoto Protocol, being a mediator between Blair and Brown, or perhaps his personal issues – there is no doubt that his career will go down in history as a consequential contribution to the Labour movement.

‘A great man and great servant of country and party’

Lord Prescott served as deputy leader under Sir Tony and was seen by many as a key link to the party’s traditional working-class values amid the modernising push.

The two of them became known as “the odd couple”.

Paying tribute, Sir Tony said he was “devastated” by news of Lord Prescott’s death.

Sir Tony described him as “one of the most talented people I ever encountered in politics” who could “talk in the bluntest and sometimes bluest language”.

Tony Blair and John Prescott at Brighton races, in 1995.
Pic: PA
Image:
The ‘odd couple’ at the Brighton races, in 1995.
Pic: PA

He added: “He was from proud traditional working-class stock yet understood instinctively and completely the aspirations of that class and their desire to better themselves.

“It is no exaggeration to say the Labour Party could never have won three consecutive full terms without John.”

Sir Tony continued: “Underneath what could be a fierce exterior, and a manner some undoubtedly found intimidating, beat a loving, kind and compassionate human heart.

“John was as good a friend as you could ever hope to have, with a deep sensitivity, even vulnerability.

“He will deservedly occupy a special place in the pantheon of the Labour leadership; he will be mourned by his many friends and fans around the world and for me personally, today is a day of profound sadness but also immense pride in having known him and worked with him: a great man and great servant of country and Party.”

King tribute to ‘unique character’

The King also paid his respects to Lord Prescott’s achievements and praised his “indomitable character”.

“I am deeply saddened to learn of the death of Lord Prescott,” he said. “I remember with great fondness his unique and indomitable character, as well as his infectious sense of humour.

“My thoughts and greatest sympathy are with Lord Prescott’s wife, family and loved ones at such a difficult time, and I am sure that very many people will recognize and greatly appreciate Lord Prescott’s decades of public service in front-line politics.”

(L-R) Blair, Prescott and Brown at the Labour Party conference in 1998.
Pic: PA
Image:
(L-R) Blair, Prescott and Brown at the Labour Party conference in 1998.
Pic: PA

Lord Prescott famously punched a protester who threw an egg at him during an election campaign visit in North Wales in 2001.

During much of his time in office, Lord Prescott acted as a mediator between Sir Tony and then-chancellor Gordon Brown.

Mr Brown said: “Few achieve something akin to heroic status in their own lifetime, particularly when having to deal with the compromises of being in government, but John Prescott became – and will remain – a legend of the Labour Party”.

He added: “John Lennon said the working class hero is a difficult thing to be, but I think John would be just fine with being remembered that way.”

Baroness (Harriet) Harman told Sky News’ Electoral Dysfunction podcast Mr Prescott was “instrumental in reassuring traditional old Labour voters” who may have been put off by Tony Blair’s New Labour project.

Once in government, “he fought to make sure” the party delivered for “those people who felt left behind”, she added.

“People talk about the Red Wall – John Prescott was the Red Wall.”

Pic: AP
Image:
Pic: AP

He also served as secretary of state for the environment, transport and regions and helped negotiate the international climate change treaty the Kyoto Protocol.

Former US vice president Al Gore worked with Lord Prescott on the Kyoto Protocol in 1997.

He said he had “never worked with anyone in politics – on my side of the pond or his – quite like John Prescott”.

He added: “He possessed an inherent ability to connect with people about the issues that mattered to them – a talent that others spend years studying and cultivating, but that was second nature to him.”

Prime Minister Sir Keir Starmer said he was “deeply saddened” to hear the news of Lord Prescott’s death.

While a loyal supporter of Sir Tony in office, Lord Prescott subsequently became critical of parts of the legacy left behind by New Labour.

This included denouncing Britain’s involvement in the Iraq War.

He also defended Jeremy Corbyn during his time as party leader in the face of fierce criticism.

John Prescott diving off the coast of Northumberland in celebration of World Oceans Day in 1997. 
Pic: PA
Image:
John Prescott diving off the coast of Northumberland in celebration of World Oceans Day in 1997.
Pic: PA

John Prescott takes a close look at a Chinese Mitten Crab called Dennis, during a news conference about the Millenium flood defences.
Pic: PA
Image:
John Prescott takes a close look at a Chinese Mitten Crab called Dennis, during a news conference about the Millenium flood defences.
Pic: PA

He was ennobled in 2010 but ceased to be a member of the upper House in July after facing health difficulties.

He had only spoken once in the chamber since suffering a stroke in 2019, and had not voted since February 2023.

Born in Prestatyn, Wales, on 31 May 1938, the son of a railwayman left school aged 15 to work as a trainee chef, then as a steward on the Cunard Line before entering politics in a career that spanned decades.

Continue Reading

Trending