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The King’s Speech is supposed to be the landmark moment in the life of parliament.

It is the occasion for a prime minister to set down his or her mission for government, and outline the laws they will pass to try to achieve their goals.

But this year, the moment will belong to King Charles III, rather than Rishi Sunak, for two reasons.

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First is the sheer symbolism of the new monarch delivering the first King’s Speech in over seven decades.

An epoch-making moment, it reminds us all in the most formal of settings, laced with symbolism, that we have passed from the first Elizabethan era to the new Carolean age.

Second is the reality of Mr Sunak’s predicament.

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His first King’s Speech in power will be less about landing a vision and more about holding position, for this is a prime minister running out of time and with little space to push through new ideas.

Running out of time because very little can be done between now and an election when it comes to enacting new laws.

And even if Mr Sunak can get legislation onto the statute book, there isn’t time for that to make a material difference to voters before a general election.

He is also a prime minister constrained by a resistive rump in his party who he is not willing to take on.

Running out of ideas, because what we expect to see in the King’s Speech is hardly a grand plan for government.

King Charles III speaks with Prime Minister Rishi Sunak, during a reception at Buckingham Palace, London, ahead of the Cop27 Summit. Picture date: Friday November 4, 2022.
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While King Charles will deliver the speech, it will be the policy plan of Rishi Sunak that will be under the microscope

Mr Sunak is instead going for a combination of new laws to create dividing lines with Labour ahead of the election (including annual oil and gas licensing, and strike laws), seeing through policies being worked up by predecessors (such as leasehold reform) and the odd Sunak initiative (banning tobacco sales for anyone born on or after January 2009 and longer jail sentences of violent offenders).

Talk to his team and they frame the King’s Speech as a “continuation” of what the prime minister has sought to put in place from the summer onwards – his tilt at long-term decision making as they put it, rather than a “wow moment”.

One senior insider said: “The King’s Speech isn’t a conference speech or an Autumn Statement. There isn’t a new shiny policy.

“It’s not going to be a wow moment, but it’s a continuation of travel of where we have been going and delivering, rather than focusing on polls day to day and week to week.”

Instead, Number 10 argues that the programme for government backs up the prime minister’s commitment to long-term decision-making; through growing the economy – be that energy security, regulatory frameworks for tech; strengthening society with legislation on smoking, reform on leaseholds and dealing with antisocial behaviour; more action on crime and safety and focusing on our national interest, be that around climate change, artificial Intelligence or security.

King’s Speech live: Watch our special programme on Sky News, hosted by Sophy Ridge, from 10.30am today. You will also be able to follow the event live via the Politics Hub on the Sky News app and website.

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Analysis: King will have to announce measures we know he is bound to dislike
Explainer: What will be in the King’s Speech?

But some colleagues believe the sum of parts in this speech doesn’t add up to much and certainly not a cogent vision for a country losing patience with the Conservatives.

“There’s not much in here on cost of living,” says one senior colleague who laments that Mr Sunak didn’t do more on housing – planning and green belt reform – ahead of the general election to show voters he really is a candidate for change.

“It would have been bold, but it got shoved in the too-hard-to-do box,” said the former senior minister. “A load of colleagues – 50 even 70 – would be against it, but when you have Labour and Starmer nimby bashing, you’d have got it through with Labour votes and send a message to under 40s that we are serious about helping them.”

And there are pockets of Mr Sunak’s backbenches, MPs looking to Canadian Tory leader Pierre Poilierve as inspiration, noting that his decision to turn the Conservatives into the party of housebuilding has revived the centre right’s fortunes and brought younger voters.

But Mr Sunak does have his eye on an election in a different way, as he uses the King’s Speech to try to lay traps for Labour, to draw dividing lines between the government and the opposition over thorny issues that have the potential to ignite in voters’ minds – be it around net zero and environmental policies (think the row over ultra-low emission zones) or strikes.

On the former, the government will legislate for annual North Sea oil and gas licensing rounds to highlight the PM’s “pragmatic, proportionate and realistic” approach to net zero, in contrast to Labour, which has said it will honour existing licenses but has ruled out granting new ones.

The PM will also introduce new strike laws to protect public services over Christmas, with minimum service regulations for rail workers, ambulance staff and border security staff.

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Number 10 figures believe these dividing lines showcase Mr Sunak’s values while also putting Labour on the spot about theirs.

But Labour insiders tell me they are “not worried” about the attacks.

“If they want to talk about their track record on energy bills and strikes, we’d be very happy,” says one figure close to Sir Keir Starmer.

Another senior party figure said this approach just showed how out of touch the Tory party is.

“Finding dividing lines for us? Do they seriously think that is how voters want to see the government run the country?

“Sunak’s meant to be the change? Where’s the change? Where are the answers to the big challenges facing the country on the cost of living and the NHS. It’s just more of the same. It doesn’t deal with the things voters care about.”

Even as Westminster chews over the content of the speech, while taking in the spectacle, I suspect the country has tuned out.

Because in the political backdrop to Tuesday’s pageantry, the problems are piling up for the prime minister.

It is the grisly details of the COVID inquiry revealing a government that was woefully unprepared and ill-equipped to tackle the pandemic at a moment of national crisis.

There are serious questions being raised as to whether the Conservative Party failed to act on rape allegations surrounding an MP and instead paid for an alleged victim to receive treatment in a private hospital.

The prime minister said on Monday that the allegations were “very serious” as he urged anyone with evidence of criminal acts to talk to the police.

There is the Daily Mail’s serialisation of former cabinet minister Nadine Dorries’s book on the downfall of Boris Johnson again throwing into sharp relief party infighting, while disquiet grows among some MPs about the home secretary’s provocative language, be it around protest marches or the homeless.

All of it has turned the public off, say some Conservative MPs, who fear that, whatever Mr Sunak does now, he won’t be able to get voters to tune back in.

This is his first King’s Speech – and it’s hard at the moment to see how it won’t end up his last.

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One year of Starmer: Nine charts that tell us whether Labour’s first year has been a success or failure

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One year of Starmer: Nine charts that tell us whether Labour's first year has been a success or failure

It might feel like it’s been even longer for the prime minister at the moment, but it’s been a whole year since Sir Keir Starmer’s Labour Party won a historic landslide, emphatically defeating Rishi Sunak’s Conservatives and securing a 174-seat majority.

Over that time, Sir Keir and his party have regularly reset or restated their list of milestones, missions, targets and pledges – things they say they will achieve while in power (so long as they can get all their policies past their own MPs).

We’ve had a look at the ones they have repeated most consistently, and how they are going so far.

Overall, it amounts to what appears to be some success on economic metrics, but limited progress at best towards many of their key policy objectives.

From healthcare to housebuilding, from crime to clean power, and from small boats to squeezed budgets, here are nine charts that show the country’s performance before and after Labour came to power, and how close the government are to achieving their goals.

Keir Starmer leaves 10 Downing Street.
Pic Reuters
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Sir Keir Starmer has been in office for a year. Pic Reuters

Cost of living

On paper, the target that Labour have set themselves on improving living standards is by quite a distance the easiest to achieve of anything they have spoken about.

They have not set a specific number to aim for, and every previous parliament on record has overseen an increase in real terms disposable income.

The closest it got to not happening was the last parliament, though. From December 2019 to June 2024, disposable income per quarter rose by just £24, thanks in part to the energy crisis that followed Russia’s invasion of Ukraine.

By way of comparison, there was a rise of almost £600 per quarter during the five years following Thatcher’s final election victory in 1987, and over £500 between Blair’s 1997 victory and his 2001 re-election.

After the first six months of the latest government, it had risen by £144, the fastest start of any government going back to at least 1954. As of March, it had fallen to £81, but that still leaves them second at this stage, behind only Thatcher’s third term.

VERDICT: Going well, but should have been more ambitious with their target

Get inflation back to 2%

So, we have got more money to play with. But it might not always feel like that, as average prices are still rising at a historically high rate.

Inflation fell consistently during the last year and a half of Rishi Sunak’s premiership, dropping from a peak of 11.1% in October 2022 to exactly 2% – the Bank of England target – in June 2024.

It continued to fall in Labour’s first couple of months, but has steadily climbed back up since then and reached 3.4% in May.

When we include housing costs as well, prices are up by 4% in the last year. Average wages are currently rising by just over 5%, so that explains the overall improvement in living standards that we mentioned earlier.

But there are signs that the labour market is beginning to slow following the introduction of higher national insurance rates for employers in April.

If inflation remains high and wages begin to stagnate, we will see a quick reversal to the good start the government have made on disposable income.

VERDICT: Something to keep an eye on – there could be a bigger price to pay in years to come

‘Smash the gangs’

One of Starmer’s most memorable promises during the election campaign was that he would “smash the gangs”, and drastically reduce the number of people crossing the Channel to illegally enter the country.

More than 40,000 people have arrived in the UK in small boats in the 12 months since Labour came to power, a rise of over 12,000 (40%) compared with the previous year.

Labour have said that better weather in the first half of this year has contributed to more favourable conditions for smugglers, but our research shows crossings have also risen on days when the weather is not so good.

VERDICT: As it stands, it looks like “the gangs” are smashing the government

Reduce NHS waits

One of Labour’s more ambitious targets, and one in which they will be relying on big improvements in years to come to achieve.

Starmer says that no more than 8% of people will wait longer than 18 weeks for NHS treatment by the time of the next election.

When they took over, it was more than five times higher than that. And it still is now, falling very slightly from 41.1% to 40.3% over the 10 months that we have data for.

So not much movement yet. Independent modelling by the Health Foundation suggests that reaching the target is “still feasible”, though they say it will demand “focus, resource, productivity improvements and a bit of luck”.

VERDICT: Early days, but current treatment isn’t curing the ailment fast enough

Halve violent crime

It’s a similar story with policing. Labour aim to achieve their goal of halving serious violent crime within 10 years by recruiting an extra 13,000 officers, PCSOs and special constables.

Recruitment is still very much ongoing, but workforce numbers have only been published up until the end of September, so we can’t tell what progress has been made on that as yet.

We do have numbers, however, on the number of violent crimes recorded by the police in the first six months of Labour’s premiership. There were a total of 1.1m, down by 14,665 on the same period last year, a decrease of just over 1%.

That’s not nearly enough to reach a halving within the decade, but Labour will hope that the reduction will accelerate once their new officers are in place.

VERDICT: Not time for flashing lights just yet, but progress is more “foot patrol” than “high-speed chase” so far

Build 1.5m new homes

One of Labour’s most ambitious policies was the pledge that they would build a total of 1.5m new homes in England during this parliament.

There has not yet been any new official data published on new houses since Labour came to power, but we can use alternative figures to give us a sense of how it’s going so far.

A new Energy Performance Certificate is granted each time a new home is built – so tends to closely match the official house-building figures – and we have data up to March for those.

Those numbers suggest that there have actually been fewer new properties added recently than in any year since 2015-16.

Labour still have four years to deliver on this pledge, but each year they are behind means they need to up the rate more in future years.

If the 200,000 new EPCs in the year to March 2025 matches the number of new homes they have delivered in their first year, Labour will need to add an average of 325,000 per year for the rest of their time in power to achieve their goal.

VERDICT: Struggling to lay solid foundations

Clean power by 2030

Another of the more ambitious pledges, Labour’s aim is for the UK to produce 95% of its energy from renewable sources by 2030.

They started strong. The ban on new onshore wind turbines was lifted within their first few days of government, and they delivered support for 131 new renewable energy projects in the most recent funding round in September.

But – understandably – it takes time for those new wind farms, solar farms and tidal plants to be built and start contributing to the grid.

In the year leading up to Starmer’s election as leader, 54% of the energy on the UK grid had been produced by renewable sources in the UK.

That has risen very slightly in the year since then, to 55%, with a rise in solar and biomass offsetting a slight fall in wind generation.

The start of this year has been unusually lacking in wind, and this analysis does not take variations in weather into account. The government target will adjust for that, but they are yet to define exactly how.

VERDICT: Not all up in smoke, but consistent effort is required before it’s all sunshine and windmills

Fastest economic growth in the G7

Labour’s plan to pay for the improvements they want to make in all the public services we have talked about above can be summarised in one word: “growth”.

The aim is for the UK’s GDP – the financial value of all the goods and services produced in the country – to grow faster than any other in the G7 group of advanced economies.

Since Labour have been in power, the economy has grown faster than European rivals Italy, France and Germany, as well as Japan, but has lagged behind the US and Canada.

The UK did grow fastest in the most recent quarter we have data for, however, from the start of the year to the end of March.

VERDICT: Good to be ahead of other similar European economies, but still a way to go to overtake the North Americans

No tax rises

Without economic growth, it will be difficult to keep to one of Chancellor Rachel Reeves’ biggest promises – that there will be no more tax rises or borrowing for the duration of her government’s term.

Paul Johnson, director of the Institute for Fiscal Studies, said last month that she is a “gnat’s whisker” away from being forced to do that at the autumn budget, looking at the state of the economy at the moment.

That whisker will have been shaved even closer by the cost implications of the government’s failure to get its full welfare reform bill through parliament earlier this week.

And income tax thresholds are currently frozen until April 2028, meaning there is already a “stealth” hike scheduled for all of us every year.

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One year of Keir: A review of Starmer’s first 12 months in office

But the news from the last financial year was slightly better than expected. Total tax receipts for the year ending March 2025 were 35% of GDP.

That’s lower than the previous four years, and what was projected after Jeremy Hunt’s final Conservative budget, but higher than any of the 50 years before that.

The Office for Budget Responsibility (OBR) still projects it to rise in future years though, to a higher level than the post-WWII peak of 37.2%.

The OBR – a non-departmental public body that provides independent analysis of the public finances – has also said in the past few days that it is re-examining its methodology, because it has been too optimistic with its forecasts in the past.

If the OBR’s review leads to a more negative view of where the economy is going, Rachel Reeves could be forced to break her promise to keep the budget deficit from spiralling out of control.

VERDICT: It’s going to be difficult for the Chancellor to keep to her promise

OVERALL VERDICT: Investment and attention towards things like violent crime, the NHS and clean energy are yet to start bearing fruit, with only minuscule shifts in the right direction for each, but the government is confident that what’s happened so far is part of its plans.

Labour always said that the house-building target would be achieved with a big surge towards the back end of their term, but they won’t be encouraged by the numbers actually dropping in their first few months.

Where they are failing most dramatically, however, appears to be in reducing the number of migrants making the dangerous Channel crossing on small boats.

The economic news, particularly that rise in disposable income, looks more healthy at the moment. But with inflation still high and growth lagging behind some of our G7 rivals, that could soon start to turn.


The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.

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Sweden’s justice minister says to ‘turn up the pressure’ on crypto seizures

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Sweden’s justice minister says to ‘turn up the pressure’ on crypto seizures

Sweden’s justice minister says to ‘turn up the pressure’ on crypto seizures

Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024.

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US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

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US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.

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