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It’s an unwritten rule of politics that every electoral action can have an opposite – if not quite equal – reaction.

The question being asked by many Tories this morning will be whether the party’s recent relentless focus on winning new supporters in traditionally Labour-held areas in the north is starting to cost them in their strongholds in the south.

As ever, the reality is more complex.

Chesham and Amersham presented a potent mix of local and national issues that the Lib Dems were able to capitalise on.

The HS2 rail line runs through the constituency and proposed planning changes are a big concern here too.

And as the losing Tory candidate has said, the Lib Dems threw the kitchen sink, the microwave and everything else at this seat.

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Tories lose seat for first time in 47 years

Tactical voting may have also been at play with Labour voters switching to the Lib Dems to ensure a government defeat.

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But all that said, this trend – of traditional Tory regions in the south being eaten away by the opposition parties – was visible in May’s local election results.

David Cameron’s old Oxfordshire constituency of Whitney and the bastion of moneyed Home Counties Toryism Chipping Norton both got Labour councillors in that vote.

Meanwhile further south in Sussex, the conservative leader of Worthing Borough Council explicitly blamed the focus on levelling up in the north and prevalence of planned housing developments in the south for a loss of seats in his region.

The Lib Dems are echoing that this morning, saying that voters in places like Chesham and Amersham are fed up of being taken for granted.

Demographic change as young families move from inner London, along with chunky support for remaining in the EU in 2016 may also have played a part.

The messaging from Tory sources this morning is that this is a predictable mid-term protest vote against a party that has been in power for ten years and the seat can be retaken at a general election.

That may be right – but remember, that logic wasn’t borne out in the Hartlepool by-election where the Tories took the seat in May.

It also comes at a time when the government is polling well, in the midst of a successful vaccine rollout.

All of that means this is a more surprising result than Hartlepool.

But just because this brick has turned yellow, doesn’t mean the whole blue wall is guaranteed to come falling down.

For a start, there are genuine questions about whether there is a big enough crop of seats the Tories would realistically lose in a general election to counter their wins in the north.

What’s more, while in the north the Tories are now single-handedly taking votes from Labour, in the south the spoils of disillusioned conservative voters are more frequently being shared between a number of opposition parties.

For Labour, this is bad news.

This by-election saw the opposition vote collapse to just over 600 votes.

May’s bumper round of polling also saw good gains for the Green Party, as well as the Lib Dems.

Expect questions for Sir Keir Starmer today about why Labour is failing to win in places like Chesham and Amersham when the Lib Dems are.

The practical question for the next general election may be whether anti-Tory electoral pacts are the only way to get close to pushing Boris Johnson out of power.

Countless prime ministers have learnt the lesson of taking voters for granted the hard way.

It’s an irony not lost on Tories that the same sense of disillusionment they are trading off in the north now appears to be costing them votes in the south.

This is a stunning result for the Lib Dems and while it’s too soon to talk about the southern blue wall crumbling, it’s certainly wobbling.

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Starmer refuses to rule out manifesto-breaking tax rises in budget

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Starmer refuses to rule out manifesto-breaking tax rises in budget

The prime minister has refused to rule out manifesto-breaking tax hikes in next week’s budget while speaking to Sky News political editor Beth Rigby.

Sir Keir Starmer was interviewed by Rigby while the pair were in South Africa for a meeting of the G20 group of nations.

Despite the government last year indicating it was not going to raise more taxes, it appears that Wednesday’s fiscal event will involve substantial increases in levies.

The 2024 Labour manifesto said: “We will ensure taxes on working people are kept as low as possible.

“Labour will not increase taxes on working people, which is why we will not increase national insurance, the basic, higher, or additional rates of income tax, or VAT.”

At the start of their interview, the prime minister was asked by Rigby if it was important for politicians to “stick to their word”.

Sir Keir said: “Yes, it is important that politicians stick to their word.

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“They have to make decisions against a political backdrop. And, we’ve also got big decisions to make in the budget that’s coming in just a few days time.”

This caveat matches the expectations that a range of taxes are going to be increased so the government can keep its spending pledges and increase its fiscal headroom amid worsening economic headwinds.

There was chaos last week after the increase in income tax that many had expected to be on the way was revealed to no longer be on the cards.

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Why has chancellor U-turned on income tax rises?

Asked specifically on the manifesto commitment on tax, Sir Keir told Rigby that decisions will be made “against a very difficult backdrop”.

In total, the prime minister refused 12 times to rule out tax rises.

He added it was “important to take the right decisions for our country”.

Rigby pointed out in the lead-up to the 2024 Budget, the prime minister was more unequivocal, saying income tax, national insurance and VAT would not all go up.

The prime minister declined to make the same promise, saying the decisions on tax will be announced on Wednesday.

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However, Sir Keir said the budget will be guided by “principles”, including “fairness”.

The prime minister said the three areas he is “bearing down on” are the NHS, cutting national debt and dealing with the cost of living crisis.

One tax rise that has not been ruled out is what is known as a “stealth tax rise” of freezing income tax thresholds.

Rigby highlighted that in last year’s budget, Rachel Reeves said freezing thresholds will “hurt working people” – and asked the prime minister if he agreed.

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Sir Keir said: “We are going to set out our decisions.

“We will have absolutely in mind that the cost of living is the number one issue for people across the country.”

Pushed again, if working people will have their taxes increased, the prime minister instead mentioned he has people who are “struggling with the cost of living” in mind when making decisions.

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Ex-Coinbase lawyer announces run for New York Attorney General, citing crypto policy

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Ex-Coinbase lawyer announces run for New York Attorney General, citing crypto policy

Khurram Dara, a former policy lawyer at cryptocurrency exchange Coinbase, officially launched his campaign for New York State Attorney General.

In a Friday notice, Dara cited his ā€œregulatory and policy experience, particularly in the crypto and fintech spaceā€ among his reasons to try to unseat Attorney General Letitia James in 2026.

The former Coinbase lawyer had been hinting since August at potential plans to run for office, claiming that James had engaged in ā€œlawfareā€ against the crypto industry in New York.

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Source: Khurram Dara

Until July, Dara was the regulatory and policy principal at Bain Capital Crypto, the digital asset arm of the investment company. According to his LinkedIn profile, he worked as Coinbase’s policy counsel from June 2022 to January 2023 and was previously employed at the crypto companies Fluidity and Airswap.

James, who took office in 2019, has faced criticism from many in the crypto industry for filing lawsuits against companies on behalf of affected New Yorkers, including Genesis, KuCoin and NovaTech. Whoever assumes the role of New York’s attorney general would have significant discretion over whether to file charges against crypto companies.

Related: New York AG urges Congress to bolster protections in crypto bills

Dara, who said he plans to run as a Republican, also echoed Mayor-elect Zohran Mamdani’s recent winning campaign, citing New Yorkers’ concerns about the cost of living and affordability. Cointelegraph reached out to Dara for comment, but had not received a response at the time of publication.

The lawyer who represented XRP holders is also running for office again

As the deadline approached for candidates for various offices to announce their runs, former Massachusetts senatorial candidate John Deaton said he would try to unseat a Democrat again.Ā 

Deaton ran against Senator Elizabeth Warren in 2024, losing by about 700,000 votes. On Nov. 10, however, he announced he would run as a Republican again, attempting to unseat Senator Ed Markey in 2026.