Category: UK News

  • Tories may never recover

    Tories may never recover

    The choice of either Robert Jenrick or Kemi Badenoch could prove that those predicting doom may not be wrong, writes Mihir Bose

    The choice of Tory MPs to make the Tory leadership race one between Kemi Badenoch and Robert Jenrick could make the Tories like the Republicans in the US or right-wing parties of Europe.

    Donald Trump may win power but his Republican party is so far removed from the country club Republican party that has dominated American politics that many of the old Republicans are voting for Kamala Harris. On the continent the traditional right-wing parties have been even more marginalised.

    However, to write of the Tories always seems a bit premature. In 1997 after Tony Blair’s victory Geoffrey Wheatcroft wrote The Strange Death of Tory England taking his cue from a famous book  written in 1935, The Strange Death of Liberal England by George Dangerfield. That book was prophetic because the Liberals as a party of government did disappear and have only been in power once as a junior coalition partner of David Cameron’s first government. Even that proved such a disaster that they were nearly wiped out in the next elections. The Conservatives, in contrast, not only survived the Blair wave but returned to power with such vengeance that it has taken Labour fourteen years to regain power.

    But the choice of either Jenrick or Badenoch could prove that those predicting doom may not be wrong.

    Jenrick is clearly going for the anti-immigrant vote but while this has appeal elections are decided by how people see governments perform in delivering on the economy, NHS, welfare, public services.

    Badenoch’s decision is to fight the culture wars. Culture war has taken over from political correctness as another word that conceals its true meaning. Some years ago when Calcutta became Kolkata and Bombay, Mumbai people said this was political correctness. I pointed out Bengalis had always pronounced Calcutta as Kolkata and Mumbai was the name the Kohli fisherman called the city. There is after all a great temple in Mumbai called Mumbadevi. I grew up in Mumbai hearing Maharashtrian demonstrators going down Flora Fountain shouting Mumbai Amachi, Mumbai is ours, demanding the creation of the state of Maharashtra. Indeed during one demonstration outside our house I saw the police fire on a crowd and kill a boy, I remember his body naked to the waist bathed in red blood, the first dead body I had seen. Culture wars, like political correctness, are polite words meant to say how dare you interfere with the world our European ancestors created?

    Badenoch, of Nigerian origin, was born here but lived in Nigeria as a child and told the Times that her upbringing in Nigeria showed her the danger of identity politics. “Human beings will always find a difference. I grew up in a place where everybody was black, but there were different languages, there were different cultures. And you still had the same sort of vicious hatred for people who looked exactly the same, but they might dress differently or have a different religion”. Countries need a “dominant shared identity”. In the UK you had to be British. “Watering that down and encouraging everybody to find a way to split into different groups is actually quite dangerous. And I’ve seen more and more of that happening here in a way it wasn’t 30 years ago”

    What she did not say was that Nigeria was created by British colonial rulers when Africa  was described as the dark continent which had no history before the Europeans arrived with their civilising mission. Not to acknowledge that history means a vital part of British history is being censored constructing a sham Britishness.

    This is, of course ,a pan-European thing and is well demonstrated in the whole debate about the environment. It is wonderfully analysed by the historian Sunil Amrith in The Burning Earth (Allen Lane £30) which looks at the environmental history of the last 500 years but reinterprets a history previously been seen from a Euro and anthropocentric viewpoint into a global viewpoint.

    The Chinese in the 15th century then the mightiest power did not want to expand and paid the price when the Europeans came knocking on their doors. There is the story of Madeira the Atlantic island which became the largest producer of sugar in the world just as 12.5 million humans were enslaved and transported across the Atlantic between 1492 and 1866. In Madeira vast expansive land was turned over to growing a single crop. “There was nothing unprecedented in the speed with which the forest of Madeira were razed by the new settlers. “To exhaust the land” was the imperative of Chinese provincial governors in Ming and Quing times. But their aim was always to secure food for a growing population. Investors in Portuguese sugar ventures wanted something else- they wanted to extract the maximum profit in the shortest time”.

    He also links the British bringing railways to India, something the British are very proud of, with even more famines taking place because the railways constructed to transport British troops did not reach remote areas. In the 1970s India’s National Sample Survey found that still 72% of all journeys in rural India were made on foot. The British absolved themselves of any responsibility for the famines blaming it on Indian society and even today cannot accept any blame for the second world war famine that killed three million Bengalis in the worst 20th century famine in south Asian history.

    But I do not suppose Badenoch would read it as it would not help promote her idea of Britishness which she hopes will win her power. Should the Tories buy her very selective view of Britishness this time they could become marginalised.

    Mihir Bose is the author of Thank You Mr Crombie Lessons in Guilt and Gratitude to the British.

    ALSO READ: UK Govt to outline overhaul of workers’ rights

    ALSO READ: UK sanctions Russian troops deploying chemical weapons  

  • Religious hate crimes hit record high

    Religious hate crimes hit record high

    Overall, there were 140,561 hate crimes—defined as an offence based on a person’s race, ethnicity, religion, sexual orientation, disability or transgender identity—recorded by the police in the 12 months to March…reports Asian Lite News

    Religious hate crime in England and Wales rose by a record 25 percent in the last year, fuelled by a spike since the start of the war in Gaza, government data showed Thursday.

    The highest annual figure of religious hate crimes in over a decade was due to a rise in offences “against Jewish people and to a lesser extent Muslims” since the Hamas attack of October 7 last year, the interior ministry said.

    Overall, there were 140,561 hate crimes—defined as an offence based on a person’s race, ethnicity, religion, sexual orientation, disability or transgender identity—recorded by the police in the 12 months to March.

    Most—98,799, or 70 percent—were racially motivated. Both the overall and race hate crime figures are down five percent on the previous 12 months.

    But religious hate crimes surged from 8,370 in 2022–23 to nearly 10,500—the highest annual figure since data collection began in 2012. Hate crimes against Jewish people more than doubled to 3,282, while there were also 3,866 hate crimes against Muslims.

    “The appalling levels of anti-Semitic and Islamophobic hate crimes outlined in today’s figures are a stain on our society,” said interior minister Yvette Cooper. She promised to tackle “this toxic hatred wherever it is found”, adding: “We must not allow events unfolding in the Middle East to play out in increased hatred and tension here on our streets.

    “Those who push this poison—offline or online—must face the full force of the law.” The latest data comes just days after marches and memorials took place across the country to mark the first anniversary of Hamas’s attack against Israel and Israel’s retaliation in Gaza, which the group controls.

    British faith leaders, including from Jewish and Muslim communities, have called for the public to reject “prejudice and hatred in all its forms.” Police in England and Wales recorded a fall in hate crimes on the basis of sexual orientation, disability, and against transgender people.

    Jewish charity the Community Security Trust (CST) said the 5,583 incidents recorded across the UK between 7 October 2023 and 30 September is the highest total of any 12-month period and was three times that of the previous 12-month period, which saw 1,830 incidents recorded.

    The figures also show there were 3,866 religious hate crimes targeting Muslims, up 13% from 3,432 recorded the previous year.

    It means 38% of recorded religious hate crimes were targeted against Muslims, and the figures do not yet include the unrest following events in Southport in the summer.

    Tell Mama – which records anti-Muslim incidents – said it had recorded 4,971 incidents of hate and discrimination across the UK in the year since the 7 October 2023 attacks, the highest total it had noted in more than a decade.

    “The appalling levels of antisemitic and Islamophobic hate crimes outlined in today’s figures are a stain on our society, and this government will work tirelessly to tackle this toxic hatred wherever it is found,” said Home Secretary Yvette Cooper. “We must not allow events unfolding in the Middle East to play out in increased hatred and tension here on our streets and those who push this poison – offline or online – must face the full force of the law,” she said.

    The police numbers do show that there were decreases in recorded disability hate crimes (down 18%) and those targeting people for their sexual orientation (down 8%), and a 2% fall in transgender hate crimes. But they also show that while there was a 5% fall in race hate crimes, 98,799 were still recorded over 12 months, and it remains by far the most common motivation in such offenses.

    Hate crimes motivated by sexual orientation have fallen for the second year in a row to 22,839 reported incidents. It means that these types of hate crime have fallen a total of 13% since March 2022 – which was the highest number on record. The Home Office says these decreases have been driven by falls in malicious communications offences, as well as reports of incidents causing public fear, alarm or distress.

    Simon Blake, CEO of LGBT campaigning charity Stonewall, said that hate crime reported to police “is only part of the picture”. He said: “It’s vital that all those affected have access to support. The fight against hatred is shared, so we must work together to build a society where everyone is safe and respected and free from harm.”

    Danielle St James, chief executive of trans charity Not A Phase, said that trans people are often reluctant to report hate crimes.

    She said: “After many years in which hate crimes against trans people have soared, the news that these are down by 2% is certainly welcome.

    “That being said, we know all too well that there is a reluctance to report these crimes on the part of the community, so it’s always worth taking stats such as these with a pinch of salt.”

    ALSO READ: UK Govt to outline overhaul of workers’ rights

  • Tories may never recover

    Tories may never recover

    The choice of either Robert Jenrick or Kemi Badenoch could prove that those predicting doom may not be wrong, writes Mihir Bose

    The choice of Tory MPs to make the Tory leadership race one between Kemi Badenoch and Robert Jenrick could make the Tories like the Republicans in the US or right-wing parties of Europe.

    Donald Trump may win power but his Republican party is so far removed from the country club Republican party that has dominated American politics that many of the old Republicans are voting for Kamala Harris. On the continent the traditional right-wing parties have been even more marginalised.

    However, to write of the Tories always seems a bit premature. In 1997 after Tony Blair’s victory Geoffrey Wheatcroft wrote The Strange Death of Tory England taking his cue from a famous book  written in 1935, The Strange Death of Liberal England by George Dangerfield. That book was prophetic because the Liberals as a party of government did disappear and have only been in power once as a junior coalition partner of David Cameron’s first government. Even that proved such a disaster that they were nearly wiped out in the next elections. The Conservatives, in contrast, not only survived the Blair wave but returned to power with such vengeance that it has taken Labour fourteen years to regain power.

    But the choice of either Jenrick or Badenoch could prove that those predicting doom may not be wrong.

    Jenrick is clearly going for the anti-immigrant vote but while this has appeal elections are decided by how people see governments perform in delivering on the economy, NHS, welfare, public services.

    Badenoch’s decision is to fight the culture wars. Culture war has taken over from political correctness as another word that conceals its true meaning. Some years ago when Calcutta became Kolkata and Bombay, Mumbai people said this was political correctness. I pointed out Bengalis had always pronounced Calcutta as Kolkata and Mumbai was the name the Kohli fisherman called the city. There is after all a great temple in Mumbai called Mumbadevi. I grew up in Mumbai hearing Maharashtrian demonstrators going down Flora Fountain shouting Mumbai Amachi, Mumbai is ours, demanding the creation of the state of Maharashtra. Indeed during one demonstration outside our house I saw the police fire on a crowd and kill a boy, I remember his body naked to the waist bathed in red blood, the first dead body I had seen. Culture wars, like political correctness, are polite words meant to say how dare you interfere with the world our European ancestors created?

    Badenoch, of Nigerian origin, was born here but lived in Nigeria as a child and told the Times that her upbringing in Nigeria showed her the danger of identity politics. “Human beings will always find a difference. I grew up in a place where everybody was black, but there were different languages, there were different cultures. And you still had the same sort of vicious hatred for people who looked exactly the same, but they might dress differently or have a different religion”. Countries need a “dominant shared identity”. In the UK you had to be British. “Watering that down and encouraging everybody to find a way to split into different groups is actually quite dangerous. And I’ve seen more and more of that happening here in a way it wasn’t 30 years ago”

    What she did not say was that Nigeria was created by British colonial rulers when Africa  was described as the dark continent which had no history before the Europeans arrived with their civilising mission. Not to acknowledge that history means a vital part of British history is being censored constructing a sham Britishness.

    This is, of course ,a pan-European thing and is well demonstrated in the whole debate about the environment. It is wonderfully analysed by the historian Sunil Amrith in The Burning Earth (Allen Lane £30) which looks at the environmental history of the last 500 years but reinterprets a history previously been seen from a Euro and anthropocentric viewpoint into a global viewpoint.

    The Chinese in the 15th century then the mightiest power did not want to expand and paid the price when the Europeans came knocking on their doors. There is the story of Madeira the Atlantic island which became the largest producer of sugar in the world just as 12.5 million humans were enslaved and transported across the Atlantic between 1492 and 1866. In Madeira vast expansive land was turned over to growing a single crop. “There was nothing unprecedented in the speed with which the forest of Madeira were razed by the new settlers. “To exhaust the land” was the imperative of Chinese provincial governors in Ming and Quing times. But their aim was always to secure food for a growing population. Investors in Portuguese sugar ventures wanted something else- they wanted to extract the maximum profit in the shortest time”.

    He also links the British bringing railways to India, something the British are very proud of, with even more famines taking place because the railways constructed to transport British troops did not reach remote areas. In the 1970s India’s National Sample Survey found that still 72% of all journeys in rural India were made on foot. The British absolved themselves of any responsibility for the famines blaming it on Indian society and even today cannot accept any blame for the second world war famine that killed three million Bengalis in the worst 20th century famine in south Asian history.

    But I do not suppose Badenoch would read it as it would not help promote her idea of Britishness which she hopes will win her power. Should the Tories buy her very selective view of Britishness this time they could become marginalised.

    Mihir Bose is the author of Thank You Mr Crombie Lessons in Guilt and Gratitude to the British.

  • UK Govt to outline overhaul of workers’ rights

    UK Govt to outline overhaul of workers’ rights

    The implementation of the new body would take time – and be subject to consultation – with the earliest timeframe for the new rights to take effect being autumn 2026…reports Asian Lite News

    Rogue employers will be targeted by a beefed-up new enforcement agency to protect sweeping changes to rights at work for millions of Britons, set to be outlined in a “watershed” bill published on Friday.

    The Fair Work Agency will be created as part of the government’s employment rights legislation, which will include stronger protections against unfair dismissal and exploitative contracts.

    Officers will have inspection powers and will be able to enforce new penalties for those who breach employee rights – such as holiday pay and a minimum wage. Whistleblowers will be encouraged to report bad behaviour to the new body.

    Its powers will not be limited to the new rights but it will also enforce a range of current rights including the national minimum wage and certain aspects of the Modern Slavery Act.

    The deputy prime minister, Angela Rayner, said that the bill was a “watershed moment”, describing it as “the biggest overhaul of workers rights in generations”.

    “This is a government by working people, for working people, and our purpose is crystal clear – to make work pay,” Rayner said.

    The implementation of the new body would take time – and be subject to consultation – with the earliest timeframe for the new rights to take effect being autumn 2026.

    The new employment rights bill was promised within 100 days but it has been the subject of tortured wrangling between ministers, trade unions and businesses up to the final hours before publication. A last-minute concession was made on a longer statutory probation to business leaders.

    The government will now aim to make that nine months, having previously suggested that it would recommend six months. Rachel Reeves, the chancellor, had been thought to favour an even longer 12-month maximum probation period.

    But despite the last-minute nature of the deal, trade unions have widely heralded the changes, which the TUC called a “seismic shift”. Small businesses however have said the reforms have been rushed and chaotic in order to meet an arbitrary timeframe.

    The government claims the scope of the reform is huge – 9 million people will gain new rights against unfair dismissal, more than 1 million low-paid workers on zero hours will have the right to job security on a new contract, an extra 30,000 parents will gain new rights to paternity leave, and 1.5 million will be newly entitled to unpaid parental leave.

    Ministers also believe the bill will help at least 1.7 million people into the labour market who are not working because of family commitments – and who would benefit from new policies on flexible working and parental leave.

    “This landmark legislation will turn the tide on decades of insecurity and low-pay while driving up productivity, generating growth and improving living standards,” Rayner said.

    “In the biggest overhaul of workers rights in generations, today Labour will put fair pay and secure work back at the heart of our economy, boosting productivity and growth.”

    The bill will remove the two-year qualifying period that employees must currently serve before they can sue for unfair dismissal – and that right will now be available from day one. But in a concession to businesses, there will also, for the first time, be a probation period defined in law, which will allow for a “lighter touch” route to letting an employee go for poor performance.

    Government sources have stressed that action for unfair dismissal will still be possible during this period if an employer has acted incorrectly.

    Within the bill are 28 major reforms, including the end of zero-hours contracts, apart from at a specific employee request, and a ban on fire and rehire practices, though with some exemptions if a business is at real risk of permanent collapse.

    There will be new rights to sick pay from day one of illness and the removal of the lower earnings limit for sick pay. Employees will get day one rights to paternity and unpaid parental leave.

    The legislation will require employers to adopt flexible working as the default for employees – though employers will be able to object on specific practicality grounds. It will also require large employers to create action plans on addressing gender pay gaps and supporting employees through menopause. Protections against dismissal will be strengthened for pregnant women and those returning from maternity leave.

    The bill will also repeal the anti-union legislation put in place by the previous government, including the Minimum Service Levels (Strikes) Act legislation, which never came into force.

    However, a number of measures in Labour’s manifesto and original workers’ rights pledges have not made the cut – most crucially a pledge to legislate on a single status of workers to erase the grey area between employee and self-employment status.

    Government sources said that required a longer period of consultation and could not be done within the 100 days timeframe – but insisted it remained a commitment.

    Other commitments have been watered down and are likely to take the form of a code of practice, including the “right to switch off”, which would prevent employees being contacted out of hours except in emergencies. There will also be a promised review of the parental leave system.

    Unions have broadly welcomed the vast majority of the changes – despite some anger over the summer on the carve-outs for fire and rehire and zero-hours contracts, as well as the slow implementation. The general secretary of the TUC, Paul Nowak, said it was “time to write a positive new chapter for working people in this country”.

    Christina McAnea, head of the largest trade union, Unison, said: “Shifting the balance to give workers greater rights is long overdue. Expectations are high for this bill, which should bring once-in-a-generation changes to the workplace. For too long employees have had to suffer poverty wages, intolerable working conditions and discrimination.”

    Ministers have been at pains to stress that the new laws will involve lengthy consultation with businesses – who have sounded the alarm for several years about the risks of the proposals on growth and the jobs market.

    Tina McKenzie, policy chair at the Federation of Small Businesses, said: “This legislation is a rushed job, clumsy, chaotic and poorly planned – dropping 28 new measures on to small business employers all at once leaves them scrambling to make sense of it all. Beyond warm words, it lacks any real pro-growth element and will increase economic inactivity.”

    The business secretary, Jonathan Reynolds, who will introduce the bill, said it would be good for businesses and workers. “The best employers know that employees are more productive when they are happy at work. That is why it’s vital to give employers the flexibility they need to grow whilst ending unscrupulous and unfair practices,” he said.

    ALSO READ: Investment Summit strikes change of tone

  • Investment Summit strikes change of tone

    Investment Summit strikes change of tone

    The Labour government has invited sovereign wealth funds, businesses and infrastructure funds to attend with the aim of showing the country is “open for business”…reports Asian Lite News

    A marketing call for sponsors said Monday’s UK International Investment Summit would come alive as “enthusiasm grows for UK’s economic prospects”, helping officials deliver some global big-hitters to hang their branding over the event.

    The Labour government has invited sovereign wealth funds, businesses and infrastructure funds to attend with the aim of showing the country is “open for business”. Barclays, HSBC, Lloyds M & G, Octopus Energy, and TSL Group are now the main backers for the event at Guildhall in London.

    Former Google boss Eric Schmidt has agreed to appear on stage with Prime Minister Keir Starmer. Ruth Porat president of Alphabet and Google; Alex Kendall, chief executive of Wayve, and Bruce Flatt, chief executive of Brookfield Asset Management, will also appear as headliners.

    Elon Musk, who was onstage with former prime minister Rishi Sunak at last year’s AI summit in Buckinghamshire, is not invited after taking what critics said was a cheerleader role when the UK was hit by race riots in the summer.

    The new UK leadership is hoping that its gathering can bring billions of foreign direct investment (FDI) into the struggling economy.

    Hundreds of executives and investors from around the world are expected to attend, while British politicians and senior business figures will make overtures to them about how the UK is “open for business”. They will point to the recent pledge by US private equity firm Blackstone to invest £10 billion ($13.3 billion) in building what will be Europe’s largest AI data centre in north-east England as proof that the UK is fertile investment territory.

    The chief executives of Blackstone, BNY Mellon, and CyrusOne have confirmed their attendance at the summit. “Seeing global investors back the UK is a vote of confidence in our economy, and shows we are an investment destination of choice,” UK Business and Trade Secretary Jonathan Reynolds said recently.

    The summit sets out the ambitions of Chancellor of the Exchequer Rachel Reeves to show “whether it is new film studios, cutting-edge technologies, or green energy, it is clear every part of the UK has the potential to benefit from private sector investment”.

    Some question the timing, just two weeks before Ms Reeves unveils her first budget. In the run-up to the July election, Labour pledged to hold an investment summit within 100 days of taking office. However, some business leaders have questioned the ability of investors to make large and firm commitments before the budget, simply because the tax landscape will not be clear before the end of October.

    “Certainly, the feedback from our members has been that it would have been better if the investment summit had taken place after the budget, when the fiscal and wider economic situation would have been clear,” Marco Forgione, director general of the UK’s Chartered Institute of Export and International Trade, told The National. “The summit, though, is an opportunity to progress engagement and develop conversations, which can be finalised after the budget, so the timing’s not perfect. But hosting the summit is still important in showcasing the great opportunities for investment.”

    Likewise, Douglas Flint, former chairman of HSBC and current chairman of global investment company Abrdn, told The National that “the challenge for the government is that the summit will precede the budget, the outcome of which will be a critical data point for investment decisions”.

    The bleak picture that Starmer and Reeves have been painting of the UK economy in recent weeks, seemingly in an effort to prepare taxpayers for some harsh measures in the budget, has been criticised as being too gloomy and at odds with the environment they want portray to foreign investors.

    September’s consumer confidence figures made for depressing reading, with GfK’s Index falling seven points, which Katie Cousins at Shore Capital described as “a foot shoot by Starmer and Reeves that is causing unnecessary damage to the UK consumer economy in Q3, wiping out the progress achieved over the last six months”.

    Meanwhile, business confidence headed in the same direction, as shown by figures from S&P Global which indicated UK private sector activity growth slowed for the second month in a row in September. Meanwhile, a survey by the Confederation of British Industry showed the export numbers for British manufacturers were at their weakest in the three months to September in nearly four years.

    “Ahead of what promises to be a difficult budget next month, the government is treading a narrow path to put the public finances on a sustainable footing while maintaining the confidence of business and investors in the recovery,” Ben Jones, CBI lead economist, said.

    It is a difficult path to tread – being realistic about the short-term prospects for the UK economy and hinting at tax rises and spending cuts on the one hand, while convincing investors that growth is not far away and Britain is the best place to put your money for the long-term.

    Former Bank of England economist Stuart Cole told The National the language from government about “difficult decisions” on raising taxes would be more likely to hamper incoming investment than encourage it.

    “If I was considering investing in the UK I would certainly want to see what the forthcoming budget will hold before committing any funds,” Cole said.

    Nonetheless, while many business figures would prefer to see pessimistic rhetoric surrounding the economy toned down, given that it can have a real effect on investment and consumer spending, the chance that the International Investment Summit might crystallise some firm commitments is being welcomed.

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  • British envoy makes special visit to Golden Temple

    British envoy makes special visit to Golden Temple

    The envoy said she got to learn about Sewa (selfless service), which happens to be a core theme of Sikhism….reports Asian Lite News

    British High Commissioner to India, Lindy Cameron, made a special visit to the Golden Temple, in Amritsar on Wednesday and heaped praises on the warmth and generous spirit.

    The envoy said she got to learn about Sewa (selfless service), which happens to be a core theme of Sikhism.

    “Sat Sri Akal from Sri Harmandir Sahib in Amritsar. Grateful to visit the sacred and beautiful Golden Temple, to experience the warmth and generous spirit of my hosts and to learn about Sewa (selfless service), the heart of Sikhism,” Cameron stated in a post on X.

    Cameron opened up on her experience and said her visit was “calm and beautiful.” She appreciated the guidance she got in understanding the history of the place. The High Commissioner also expressed her appreciation for the hospitality extended to her.

    “Thank you for a fantastic visit today to such a special, beautiful and really important place. It was such a calm and beautiful visit, and I really appreciated the guidance I had in understanding its history,” she said.

    Earlier on the occasion of Gandhi Jayanti, the British High Commissioner joined an interfaith prayer ceremony. She said that in a “troubled world” today, Mahatma Gandhi’s legacy is needed more than ever.

    “A privilege to join a beautiful interfaith prayer ceremony at Rajghat this morning and watch PM @narendramodi and President Murmu @rashtrapatibhvn pay respects on Gandhiji’s birth anniversary. In a troubled world, his legacy is needed now more than ever,” Cameron stated in a post. (ANI)

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  • Reeves to borrow billions for investment

    Reeves to borrow billions for investment

    The chancellor told the cabinet on Tuesday she wanted to change how the Treasury accounted for capital spending to reflect its benefits, as allies say she intends to finalise her debt rule in the coming days…reports Asian Lite News

    Rachel Reeves is pushing ahead with plans to borrow billions of pounds extra for infrastructure investment, the Guardian has learned, despite concerns about the rising cost of UK government debt.

    The chancellor told the cabinet on Tuesday she wanted to change how the Treasury accounted for capital spending to reflect its benefits, as allies say she intends to finalise her debt rule in the coming days. The move, which will be confirmed to the Office for Budget Responsibility (OBR) as soon as Wednesday, will allow the government to borrow tens of billions more for capital spending over the course of this parliament.

    Whitehall sources say she is committed to the plan despite a recent rise in the government’s borrowing costs, which some market experts have blamed on the prospect of higher debt but which others say is more connected to the US economy. Reeves briefed cabinet colleagues on Tuesday about her budget and the one-year spending review that will be announced at the same time.

    Downing Street said afterwards: “One of the first steps of this government is to restore economic stability, and the budget will absolutely deliver on that.” A No 10 spokesperson said this would mean “delivering on the robust fiscal rules that were set out in the manifesto … that includes debt falling as a share of the economy”.

    However, others briefed on the meeting said the chancellor had stressed the importance of capital spending for the economy, in a sign that she still intends to change the debt rule. Labour committed in its manifesto to balancing day-to-day expenditure with tax receipts, and getting debt falling as a share of the economy in the fifth year of forecasts.

    Reeves is believed to be exploring using an alternative debt metric to the one used in the rule she inherited from her Conservative predecessor, Jeremy Hunt. One option for Reeves is to change the debt measurement to account for the value of the assets the government holds, such as roads, schools and hospitals. Measuring the net worth or the net financial liabilities held by the government could give the chancellor room to borrow as much as £50bn more than currently planned, although some officials worry it would spark a bond market sell-off, with the Treasury left to pick up the bill.

    Reeves has talked privately about taking the less radical option of keeping the debt rule in place but excluding losses from the Bank of England from the debt calculation, as well as any extra borrowing used to set up public institutions such as the national wealth fund, The Guardian reported. This would free up a more modest amount of between £10bn and £20bn and would be less likely to trigger a sharp rise in borrowing costs and interest rates.

    The chancellor will on Wednesday send the first draft of her main budget measures to the OBR for officials to draw up their first forecast for how they will affect the public finances.

    ALSO READ: ‘Indian voters drifting rightward on economy’

  • ASA cracks down on misleading broadband price ads

    ASA cracks down on misleading broadband price ads

    The guidance sets stricter rules on the prominence that must be given to important information about future price rises when customers sign up…reports Asian Lite News

    The UK advertising watchdog has cracked down on marketing campaigns by telecoms companies including BT, EE, Virgin Media and O2 for misleading consumers about price rises added to their bills during their contracts.

    The Advertising Standards Authority (ASA) has issued a batch of rulings against ads run by BT, its subsidiaries EE and Plusnet, as well as TalkTalk, O2 and Virgin Media broadband.

    In each case, ad campaigns run by the telecoms companies have fallen foul of new guidance added to the UK advertising code, implemented in December to help curb “greedflation” in the sector.

    The guidance sets stricter rules on the prominence that must be given to important information about future price rises when customers sign up.

    The ASA ruled that the ads must not appear again and told all six providers to ensure they make sufficiently clear that broadband contracts would be subject to mid-contract price increases, and that information about the nature of such rises is presented prominently.

    The ad watchdog launched the crackdown after the media regulator, Ofcom, moved in January to ban the widespread practice of broadband and mobile operators implementing mid-contract price rises linked to inflation to consumers’ bills without them being aware.

    Research by the consumer group Which? estimates that telecoms firms will generate £488m from mid-contract price rises in 2024.

    Telecoms companies have moved to stop the practice, which is not allowed in other utility sectors such as electricity and gas. However, the UK ad watchdog has found that they are still not being clear and upfront about real “pounds and pence” changes to bills.

    “All of the companies have fallen foul of guidance that sets stricter standards on the prominence advertisers must give to important information about future price rises,” said the ASA.

    “Marketers are required to ensure that advertising for services that include mid-contract price increases … is presented clearly and prominently. The guidance also states that asterisks or links, which linked to information more than one ‘step’ below the price claim, were unlikely to give adequate weight to the significance of material information. We concluded that the ads are likely to mislead.”

    Most mobile and broadband companies added mid-contract price increase clauses in 2021, at a time when inflation was running at only 1.5%.

    However, the surge in inflation to a 41-year high in October 2022 caused a significant impact on household finances amid the cost of living crisis, prompting the media regulator and ad watchdog to crack down on the practice.

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  • UK sanctions Russian troops deploying chemical weapons  

    UK sanctions Russian troops deploying chemical weapons  

    Russia’s flagrant disregard for the Chemical Weapons Convention is a serious violation of international law…reports Asian Lite News

    Russian forces have openly admitted to using hazardous chemical weapons on the battlefield, with widespread use of riot control agents and multiple reports of the use of the toxic choking agent chloropicrin – first deployed on the battlefields of WW1. 

    Russia’s flagrant disregard for the Chemical Weapons Convention is a serious violation of international law. Agents of Putin’s mafia state were also responsible for deploying the deadly nerve agent Novichok on the streets of Salisbury in 2018, and against opposition leader Alexei Navalny in 2020. 

    Among those sanctioned today are the Radiological, Chemical and Biological Defence Troops of the Russian Armed Forces and its leader Igor Kirillov, responsible for helping deploy these barbaric weapons. Kirillov has also been a significant mouthpiece for Kremlin disinformation, spreading lies to mask Russia’s shameful and dangerous behaviour.

    Foreign Secretary, David Lammy said, “The UK will not sit idly by whilst Putin and his mafia state ride roughshod over international law, including the Chemical Weapons Convention. I have made it my personal mission to challenge this malign activity, and I will not back down. Russia’s cruel and inhumane tactics on the battlefield are abhorrent and I will use the full arsenal of powers at my disposal to combat Russia’s malign activity. Let me be clear; Putin and those who carry out his will have nowhere left to hide. We will continue to use sanctions to directly target and counter the Kremlin’s attempts to sow fear, division and disorder.”

    Defence Secretary, John Healey said, “Our message to Putin and his regime is clear: you cannot break international law without facing the consequences. We will not allow such blatant violations of the Chemical Weapons Convention and rules-based international order to go unpunished. The UK is cracking down on those responsible for these horrific chemical attacks in Ukraine. Our support for Ukraine is ironclad and will continue for as long as it takes.”

    Also sanctioned are two Russian Ministry of Defence laboratories for providing support for the development and deployment of these inhumane weapons for use on the frontlines.

    The UK is steadfast in supporting Ukraine’s fight for freedom, liberty and victory in the face of these barbaric attacks. We have provided Ukraine with vital equipment and training to protect its people against chemical weapons. 

    The UK has also committed to delivering £3 billion of military aid to Ukraine every year for as long as they need. The UK’s military, financial, diplomatic and political support for Ukraine is iron-clad. We cannot and will not let aggressors like Putin succeed.

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  • UK delegation visits Guatemala to reinforce green cooperation

    UK delegation visits Guatemala to reinforce green cooperation

    On October 7, the delegation will meet in Guatemala City with the leader of the BLF consortium, the Wildlife Conservation Society (WCS) to discuss the progress of the project and upcoming activities….reports Asian Lite News

    Roger Heath, Senior Responsible Owner of the BLF and 30×30 and Samuel Leigh, Regional Advisor for Mesoamerica and Andes Amazon for the BLF, will meet with government representatives, implementing partners, civil society and join field visits to Peten and Chiquimula. Rachel Wilson, the Team Leader of the BLF’s Fund Management team at Price Waterhouse Coopers (PwC) will join the delegation.

    On October 7, the delegation will meet in Guatemala City with the leader of the BLF consortium, the Wildlife Conservation Society (WCS) to discuss the progress of the project and upcoming activities. In Guatemala, the BLF is working in Peten (Mayan Jungle) and Chiquimula (Trifino) to protect biodiversity, reduce poverty and tackle the impacts of climate change with projects in line with Guatemalan environmental priorities until 2029.

    The UK delegation will also meet that day with representatives from the Ministry of Environment, the National Council of Protected Areas (CONAP) and the Ministry of Foreign Affairs, to welcome Guatemala’s support  of the BLF and share plans for upcoming interventions in the field that will address ongoing environmental pressures, including the loss of flora and fauna in the Mayan Jungle and the prevention of forest fires in the Trifinio region.

    From 8-12 October, delegates Heath and Leigh will visit Peten to engage with communities that are benefiting from sustainable livelihoods while protecting the environment. These include projects of xate classification, tree planting, bee keeping, and sustainable forestry. They will also engage with local delivery partners that are helping communities to achieve their development and poverty reduction goals in coordination with the Guatemalan authorities.

    On 13 October, the UK delegation will travel to Chiquimula to the area of Trifinio to learn about sustainable agricultural practices to be supported through the BLF and to discuss with local authorities how the Fund could support environmentally sensitive areas to be managed sustainably.

    The BLF is funding activities in six of the world’s most important biodiversity hotspots to help a create a world free from poverty on a liveable planet, including Mesoamerica. Approximately 40% of the funds destined to the Mesoamerica landscape will be allocated in Guatemala (US$7 million) as a commitment to our shared priorities on environment and social development.

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