British pound news – breaking news: Punish Truss for market turmoil, says Labor as bank vows action

‘Remember, don’t forgive’: Keir Starmer calls for overthrowing Tory government

Labor has urged voters to punish Liz Truss for the sterling crisis sparked by her Chancellor Kwasi Kwarteng’s mini budget last week.

” Do not forget. Don’t forgive. The only way forward is to stop this – with a Labor government,” said party leader Keir Starmer.

The historic fall in the pound’s value “will likely require a significant monetary policy response”, the Bank of England‘s chief economist said, as he sought to reassure markets spooked by the government’s plan to cut taxes and increase borrowing.

The Bank warned on Monday that interest rates could be raised “as much as necessary” to control inflation, as mortgage lenders temporarily withdrew offers for new customers and traders bet on rates reaching nearly 6 % next year, sparking fears of a future. housing crisis.

However, Mr Kwarteng insisted in a meeting with city bosses on Tuesday that he was ‘confident’ in his economic plan, telling them during a meeting on financial deregulation: ‘Our approach will work “.

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Huq’s comments on chancellor were ‘reprehensible’, says Miliband

Labor’s Ed Miliband spoke to the bbc about Rupa Huq, who had the party whip removed today for calling Chancellor Kwasi Kwarteng ‘superficially’ black.

Asked if she should be a Labor MP again after apologizing, he replied: ‘Well that’s Keir Starmer’s business but listen let me say these are appalling comments by Rupa Huq.

“There is absolutely no place for these kinds of comments in our politics and the party will have to decide what it does in terms of the future, but I mean these comments are reprehensible and awful.”

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Liz Truss bad for Britain on the world stage, say majority of voters

Britons do not trust Prime Minister Liz Truss to properly represent UK interests abroad, according to a new poll.

More than 52% of those polled said they had little or no confidence in his performance on the world stage.

My colleague Kim Sengupta reports:

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Sussex Police apologize to Home Secretary

Sussex Police have apologized after Home Secretary Suella Braverman accused them of ‘playing identity politics and denying biology’.

The force has come under fire for issuing a recent press release under the headline ‘Woman convicted of historic offenses against children in Sussex’.

The case referred to the sentencing this month of transgender woman Sally Ann Dixon, who was jailed for 20 years for 30 indecent assaults. She committed the crimes before her transition.

Responding to the public backlash against her press release, Sussex Police tweeted that they “do not tolerate any hateful comments towards their gender identity, regardless of the crimes committed”.

“It has nothing to do with the crime that was committed and investigated,” he added.

Suella Braverman later said the force should “focus on catching criminals and not monitoring pronouns”.

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Political sketch: Keir Starmer’s speech was a penalty shootout against a team that had already gone home

Our political sketch Tom Peck to this article on the newfound confidence of work:

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Belarusian opposition leader to be special guest at labor conference

Belarusian opposition leader Sviatlana Tsikhanouskaya will speak on the final day of the labor conference, it has been announced.

She will tell delegates that her country’s fate is tied to neighboring Ukraine, arguing that both are threatened by Vladimir Putin’s “Russian imperialism”.

Belarusian autocrat Alexander Lukashenko allowed troops from Moscow to use his territory as a base for their invasion of Ukraine.

A Labor spokesperson said: ‘In 2020, Sviatlana Tsikhanouskaya bravely ran for president of Belarus against Putin-backed dictator Alexander Lukashenko, urging people to take to the streets after the election victory was was taken away by the armed forces.

“Since then, she has been forced to flee her home country, but she has remained a leader of peaceful resistance against the oppressive Putin-backed regime in Belarus and a prominent defender of political and civil liberties.”

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Opinion: All Keir Starmer had to do was sound reasonably consistent – and he succeeded

John Rentoul has this assessment of Keir Starmer’s conference speech earlier today:

It wasn’t a big speech, but it wasn’t necessary. Keir Starmer isn’t a great speaker, but he doesn’t have to be. He had to read reasonably coherent text, remind people that he once had a real job, and look like a plausible prime minister. He succeeds triumphantly on all counts.

He faced a huge political opportunity, handed to him on a platter by an incompetent and overconfident government, and he didn’t make a fool of himself.

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‘Remember, don’t forgive’: Starmer urges voters to punish Truss for financial chaos

Keir Starmer has urged voters to punish Liz Truss’ government for the sterling crisis it caused.

” Do not forget. Don’t forgive. The only way forward is to stop this – with a Labor government,” he told conference attendees in Liverpool.

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The Labor Party’s Great British Energy Plan

Earlier today, the Labor Party announced plans to set up a public green energy company to help tackle climate change.

Speaking about the Great British Energy proposal, Ed Miliband, shadow secretary for net zero, said the top ten countries for renewables all have state-owned energy companies.

“Why are they doing this? Partly because they want to make the necessary investments to get the jobs and the wealth, and we’re saying, well, look at whether we’re not just going to get this green economy, but take advantage of the opportunities that are out there. for good jobs and decent wages, we must also do it ourselves.

He added: “We’ve had an aversion in this country to a real industrial policy where the state plays its own part, not by substituting for the private sector, but in partnership with the private sector, and I think that’s is absolutely central to the vision that Keir Starmer was talking about today.

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David Lammy attacks the ‘twisted lies’ of the Empire that turned millions into slaves

Shadow Foreign Secretary David Lammy has attacked the Empire’s “twisted lies” that have turned millions into slaves.

In a speech to the Labor conference, the Tottenham MP linked slave trade imperialism to Russia’s assault on Ukraine.

He also tore up what he called 40 years of failed Conservative foreign policy.

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Protests over cost of living will coincide with Tory conference

Protest groups must join forces for ‘day of action’ on cost of living at Tory conference, writes Peter Jon.

Organizations such as the Don’t Pay Campaign, Just Stop Oil and Enough is Enough will take to the streets in dozens of cities on October 1 – in what is expected to be the largest series of cost of living protests yet. .

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