Labour’s Wes Streeting Faces Criticism for Public Stance on Assisted Dying Debate, Harriet Harman Claims Line Crossed
Labour peer Harriet Harman criticized Wes Streeting for publicly denouncing assisted dying, claiming he went too far. On a recent episode of the Electoral Dysfunction podcast, Harman pointed out inconsistencies in Streeting's stance against assisted dying.
Political journalist @fayebrownSky
Friday, November 15, 2024, at 2
A Labour peer has criticized Wes Streeting for publicly denouncing assisted dying, stating that he "crossed the line" and arguing that the debate should not be reduced to a matter of resources.
During an appearance on Sky News' Electoral Dysfunction podcast, Baroness Harriet Harman expressed disapproval of the health secretary for disclosing his intended vote on the upcoming issue in parliament later this month.
Members of Parliament are allowed to vote according to their personal convictions rather than following party directives, as the government is expected to remain impartial.
Mr. Streeting has expressed his opposition to the legalization of assisted dying. He argues that the current state of end-of-life care does not sufficiently enable people to make a well-informed decision. Additionally, he raises the issue that some individuals might feel compelled to choose assisted dying as a means to reduce financial strain on the NHS.
He has also commissioned an analysis to assess the financial implications of amending the legislation, cautioning that it might detract from other NHS services if put into effect.
Baroness Harman stated that Mr. Streeting has overstepped boundaries in two respects.
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"She mentioned that his disclosure of his voting intentions was inappropriate as it compromises impartiality and conveys a message."
"Additionally, he mentioned that implementing an assisted dying policy would be expensive, which would necessitate reductions in other services."
"Yet, he paradoxically noted that it could create a dangerous precedent, as individuals might feel compelled to end their lives to reduce financial strain on the NHS. However, he pointed out that it couldn’t simultaneously be both beneficial and harmful.
"It's not possible for it to be both a financial burden and a cost-saver for the NHS."
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Baroness Harman emphasized that the debate "should not be about resources" since it is a "significant ethical matter" involving "just a small group of individuals."
She emphasized that Mr. Streeting should not be seen as merely standing in for Keir Starmer.
"She emphasized that the government is truly impartial, and all the backbenchers have the freedom to vote as they choose," she added.
Explore further details on this topic: 'Prioritize reforming care before enacting assisted dying laws' – Understanding the debate around assisted dying and its legal status worldwide.
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Prime Minister Sir Keir Starmer has shown past support for assisted dying, yet it remains uncertain how he plans to cast his vote on the matter or whether he will disclose his stance beforehand.
Opinions within the cabinet differ on the issue, with Justice Secretary Shabana Mahmood aligning with Mr. Streeting against it, while Energy Secretary Ed Miliband supports it.
Stay informed on the newest developments from the UK and globally by tuning into Sky News.
The Terminally Ill Adults (End of Life) Bill is actively supported by Labour backbencher Kim Leadbeater, who is advocating for the right of individuals with only six months to live to choose to end their lives.
According to her suggestions, two autonomous physicians are required to verify that a patient qualifies for assisted dying, and a High Court judge must also grant their consent.
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The legislation also proposes incarceration for up to 14 years for individuals who violate the statute, specifically those who pressure others into committing suicide.
Members of Parliament are set to discuss and cast their votes on the bill on November 29, marking the first House of Commons vote on assisted dying since it was last rejected in 2015.
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Diplomatic Immunity Shield: Nine Serious Offences by Foreign Officials Unveiled by UK Foreign Office
Diplomats allegedly involved in sexual crimes, protected by immunity
In 2023, the Foreign Office disclosed that nine major offenses, including sexual assault and indecent exposure, were reportedly committed by foreign diplomats who cannot be legally prosecuted due to their diplomatic immunity.
Political correspondent @fayebrownSky
Thursday, November 14, 2024, 6:
In the previous year, individuals possessing diplomatic immunity were reportedly involved in crimes including sexual assault and indecent exposure.
The Foreign Office disclosed that in 2023, nine major offenses were reportedly committed by foreign diplomats who have immunity from prosecution.
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In a Written Ministerial Statement, government minister Catherine West clarified that an act classified as a "serious offence" is one that might result in a sentence of at least 12 months in prison.
Under established international norms, representatives of diplomatic services operating abroad are afforded a range of legal protections. The degree of immunity from legal action that these officials or their relatives enjoy varies according to their rank.
In 2023, notable criminal allegations surfaced, involving: an Iraqi facing charges related to the possession or distribution of child pornography; a Libyan implicated in a case of sexual assault; a Portuguese individual alleged to have committed indecent exposure; and a person from Singapore accused of child cruelty or neglect.
A national from Fiji and another from Pakistan were charged with operating vehicles uninsured; meanwhile, envoys from Ghana, Libya, and Mongolia faced allegations of assault.
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Ms. West stated, "In the UK, approximately 26,500 individuals possess immunity linked to diplomatic or international organization statuses, and the overwhelming majority of diplomats and their family members comply with UK laws."
Stay informed on the most recent developments in the UK and globally by tuning into Sky News.
"Serious crimes reportedly committed by diplomats in the UK represent a relatively small proportion of the total."
Latest updates from Sky News: Solo parent reportedly 'sexually assaulted' in ambulance by emergency responder. Former Metropolitan Police officer refutes allegations of sexual assaults on a woman and a teen.
She stated that the Foreign Office has a strict policy against foreign diplomats or their dependents violating the law. She noted that when such incidents are reported, "we request the concerned foreign government or international organization to lift immunity when it seems fitting, in order to allow for a more thorough investigation."
"In cases involving severe transgressions, and in the absence of an applicable exemption, we demand the prompt departure of the diplomat or their family member."
Among the international diplomats granted immunity was American intelligence operative Anne Sacoolas, who left the UK following her involvement in the fatal accident of young motorcyclist Harry Dunn in Northamptonshire in 2019. The UK sought her extradition to stand trial, but the US State Department opposed it. Ultimately, she was prosecuted in her absence, remaining in the US throughout the process.
The official outlined the penalties and dues accumulated by diplomatic embassies, noting that they owe more than £152 million in unresolved London congestion fees from when the charges began in 2003 up to September 2024.
Of the total amount, the United States was responsible for £15 million, Japan for £10 million, and China for £9 million.
Ms. West stated, "Authorities maintain ongoing communications with diplomatic missions and international organizations in the UK concerning unpaid national non-domestic rates (NNDR), overdue parking fines, and unsettled London congestion charge debts, urging the settlement of these outstanding amounts and penalties."
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Bank of England Chief Urges Stronger EU Ties as Brexit Toll Mounts; Labour’s Starmer Faces Pressure on EU Reset Plan
Brexit has impacted the economy, and the UK needs to strengthen ties with the EU, according to the Bank of England's governor. Sir Keir Starmer has promised a new approach with the EU, yet he faces demands to clarify this potential strategy. Andrew Bailey has indicated that fostering closer relationships would be economically beneficial.
Political correspondent @fayebrownSky
Thursday, November 14, 2024, 9:
The Governor of the Bank of England stated that Brexit has had a negative impact on the UK economy and emphasized the need to mend ties with the European Union.
Andrew Bailey is set to deliver remarks tonight at the Mansion House in the City of London, with his speech having been extensively previewed.
He stated that while he remains neutral on Brexit itself, he feels compelled to highlight the potential repercussions.
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"Adjustments in trade dynamics with the EU have impacted the potential supply levels," he addressed the investors at the yearly gathering, following a speech by Chancellor Rachel Reeves.
In her inaugural Mansion House speech as Chancellor, she voiced concerns that regulations implemented after the financial crisis are excessively stringent, indicating a future direction towards deregulation.
Discussing Brexit, Mr. Bailey noted, "It appears that trade in goods has been more affected than services, which to me isn't particularly unexpected."
"It emphasizes the importance of being vigilant and open to chances to mend ties, all while honoring the choices made by the citizens of the UK."
An earlier study indicated that Brexit has already led to a £140 billion loss for the UK economy and could result in a total economic downturn of £311 billion by the mid-2020s.
Sir Keir Starmer has committed to improving relations with Brussels after a challenging time during the Conservative rule, though specifics of his plan remain unclear.
European Union countries are said to be advocating for a program that facilitates youth mobility, a proposal that the prime minister has dismissed.
He remains firm in his stance that there will be no re-engagement with the single market, customs union, or freedom of movement.
Discover more: Only 9% believe Brexit is more successful than unsuccessful. Farage claims Brexit has 'failed' and the economy 'has not gained'.
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Mr. Bailey commented one week following Donald Trump's victory in the U.S. presidential race, amid widespread speculation among economists about the possible effects of his plans to increase tariffs on all U.S. imports.
Experts indicate that this action might lead to an increase in the cost of goods in the UK, potentially fueling inflation.
It further prompts inquiries into the present commercial relationships between the UK and the EU.
Mr. Bailey expressed his approval for the fiscal policies outlined by the chancellor in last month's budget, which featured £40 billion in tax hikes aimed at boosting funding for education, healthcare, transportation, and housing.
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Labour Tensions Rise as Wes Streeting’s Stance on Assisted Dying Sparks Criticism from Harriet Harman
Harriet Harman, a prominent Labour peer, criticized Wes Streeting for publicly denouncing assisted dying, claiming he overstepped boundaries. On a recent episode of the Electoral Dysfunction podcast, she pointed out inconsistencies in Streeting's stance against the issue.
Political correspondent @fayebrownSky
Friday, November 15, 2024, 2:
A Labour peer has criticized Wes Streeting for publicly opposing assisted dying, stating that he "crossed the line" and that the debate should not be framed as a matter of resources.
On the Electoral Dysfunction podcast aired by Sky News, Baroness Harriet Harman voiced criticism towards the health secretary for disclosing his intended vote on the upcoming parliamentary issue scheduled for later this month.
Members of Parliament will have the liberty to vote according to their personal beliefs rather than following party directives, as the government intends to remain impartial.
Mr. Streeting has expressed his intention to oppose the legalization of assisted dying. He argues that the current quality of end-of-life care does not allow individuals to make a fully informed decision, and he worries that some might be coerced into choosing death to reduce costs for the NHS.
He has also commissioned an analysis of the potential expenses associated with altering the legislation, cautioning that it might detract from other NHS services if enacted.
Baroness Harman stated that Mr. Streeting has overstepped boundaries in two respects.
👉 Tap here to stream the Electoral Dysfunction podcast on your preferred podcast app 👈
"She expressed that it was inappropriate for him to disclose his voting intentions as it compromises impartiality and conveys a certain bias," she stated.
"Furthermore, he mentioned that implementing an assisted dying policy would be expensive, necessitating reductions in other services."
Strangely enough, he also argued that it could create a dangerous precedent, as individuals might feel compelled to end their lives prematurely to alleviate financial burdens on the NHS. However, it's contradictory to claim it could simultaneously do both.
"It's impossible for it to both drain funds from the NHS and simultaneously create savings for the NHS."
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Baroness Harman emphasized that the debate "should not be about resources" because it is a "significant ethical matter" impacting "a very small group of individuals."
She emphasized that it would be incorrect to view Mr. Streeting as merely a stand-in for Keir Starmer.
"She emphasized that the government is truly impartial, and all the backbenchers have the freedom to vote as they choose," she added.
Discover further details about this topic: 'Prioritize fixing care systems before enacting assisted dying laws' Exploring the debate around assisted dying and regions where it is already permitted
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Previously, Prime Minister Sir Keir Starmer has shown support for assisted dying. However, it remains uncertain how he plans to cast his vote on the matter or whether he will disclose his stance before the vote takes place.
Opinions differ within the cabinet regarding the issue. Justice Secretary Shabana Mahmood and Mr. Streeting share similar dissenting views, while Energy Secretary Ed Miliband supports the proposal.
Stay informed with the most recent updates from the UK and across the globe by tuning into Sky News.
The Terminally Ill Adults (End of Life) Bill is being promoted by Labour backbencher Kim Leadbeater, who is advocating for individuals with only six months to live to have the option to choose to end their life.
According to her suggestions, two autonomous physicians are required to verify that a patient qualifies for assisted dying, and a High Court judge must also provide their consent.
For optimal video playback, it's recommended to use the Chrome browser.
The legislation will also impose penalties, including imprisonment for up to 14 years, for individuals found guilty of forcing someone to commit suicide.
On November 29, Members of Parliament are set to discuss and cast their votes on a bill concerning assisted dying. This marks the first time the House of Commons will vote on the issue since it was last brought to the floor and rejected in
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Health Secretary Orders Cost Review Amidst Assisted Dying Law Debate
Assisted dying: Wes Streeting initiates assessment of financial implications for legal amendment
The Health Department is set to evaluate the financial implications of introducing a contentious policy slated for discussion in Parliament in the coming weeks.
Political journalist @Journoamrogers
Wednesday, November 13, 2024, 5:
Health Secretary Wes Streeting has directed his department to conduct an analysis on the financial implications of amending the legislation to permit assisted dying.
Mr. Streeting, planning to oppose a significant bill, has expressed concerns that introducing a new assisted dying law might divert resources away from other NHS services.
As lawmakers consider their options, they will decide on whether to support a legal amendment in the upcoming vote later this month.
The bill introduced by Labour MP Kim Leadbeater, titled the Terminally Ill Adults (End of Life) Bill, proposes to allow terminally ill individuals who have six months or less to live the option to choose euthanasia.
Since the bill was revealed on Monday night, discussions have centered around its provisions, notably that patients must administer the life-ending medication themselves and that they be terminally ill with an expected lifespan of no more than six months.
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Ms. Leadbeater, backed by ex-government minister Lord Falconer and ChildLine creator Dame Esther Rantzen, is confident that her proposed bill is the strongest globally and includes protections intended to comfort those who are undecided.
Further Discussion on Assisted Dying
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The rules stipulate that two autonomous physicians must verify a patient's qualification for assisted dying, and that approval from a High Court judge is required.
The Labour MP emphasized that allowing terminally ill patients to decide and self-administer the medication adds an additional layer of safety and protection.
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Several members of the cabinet, notably Mr. Streeting and Justice Secretary Shabana Mahmood, who would oversee the proposed legislation, have expressed opposition to the bill.
During the announcement, Mr. Streeting stated, "With the bill now public, I have directed my department to evaluate the expenses related to implementing a new service that would facilitate assisted dying. It is important to me that, irrespective of my personal views or how I may vote, my department and the entire government will uphold the decision of parliament should there be support for assisted dying."
Government agencies typically review the potential impacts of proposed laws to verify that any legislation approved by parliament is practical and enforceable.
Should the legislation be approved, it is anticipated that the Health Department will collaborate with Ms. Leadbeater to guarantee its practical applicability.
Ms Leadbeater expressed her disappointment with Mr Streeting's remarks, indicating to The House magazine that the health secretary's statements imply he might not have reviewed the bill thoroughly.
Stay updated on the most recent developments from the UK and globally by tuning into Sky News.
The health secretary has highlighted the possible financial burdens on the NHS, but his detractors argue that there could be cost reductions if patients require less medical intervention by opting to end their lives prematurely—an idea that Mr. Streeting has described as a "disturbing slippery slope argument."
He expressed concern that individuals might choose assisted dying to cut costs, either for their family members or for the NHS.
"I believe that this is one of the challenges that Members of Parliament are grappling with as they determine the way to place their vote.
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"This vote is unbound – the government maintains a neutral stance."
After addressing the NHS Providers conference in Liverpool, Mr. Streeting told journalists that introducing any new services would require "choices and trade-offs," as resources are limited and other priorities might be impacted.
"He said that this shouldn't be a reason for people to oppose it when voting."
"Individuals must consider this decision just as we are evaluating all other current options."
Discover further: Exploring the debate on assisted dying – what are the arguments and where is it permitted? Proposed NHS changes include scrapping planned salary increases for managers.
Members of Parliament are set to discuss and cast their votes on Ms. Leadbeater's Private Member's Bill on the 29th of November, marking the first time the Commons will vote on assisted dying since 2015.
The authorities have allowed members of parliament to vote independently on the matter, enabling them to make decisions based on personal conviction rather than party directives.
In 2015, legislation proposed by ex-Labour MP Rob Marris, which aimed to legalize assisted dying for those with terminal illnesses, was overwhelmingly rejected in the House of Commons, with 330 MPs voting against it and 118 in favor.
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Momentum Shifts in Assisted Dying Debate as Opponents Gain Ground and Streeting Faces Criticism
Critics of assisted dying feel they are gaining support, as Streeting is accused of exceeding his boundaries.
Legislators against assisted dying are convinced that undecided MPs are leaning towards rejecting the proposed law during its upcoming discussion in the House of Commons.
Political correspondent @Journoamrogers
Thursday, November 13, 2024, 11:
Sky News has gathered that Labour MPs against the legalization of assisted dying feel that support is increasingly leaning towards their position in the ongoing campaign.
Legislators are presently considering a potential amendment to legislation that would allow individuals with a terminal diagnosis and a life expectancy of six months or less the option to choose assisted dying.
During a parliamentary session on Wednesday, sources at Sky News reported that Labour MPs who were initially neutral about the bill now appear inclined to vote against it.
A Labour Party backbencher involved in coordinating support against the motion told Sky News, "The undecided voters are starting to lean towards our side, we believe."
According to the source, numerous new members of parliament who were still making up their minds voiced worries that there was insufficient time allocated for discussing the bill.
"They believe they are too inexperienced to be tasked with something so significant," they explained.
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Concerns raised about the proposed bill included the possibility that physicians could recommend euthanasia to sick patients, according to sources.
The source noted: "Our election mandate was to address NHS issues, not to focus on assisted dying."
"There's no reversing this decision—when in doubt, vote against it."
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The Terminally Ill Adults (End of Life) Bill, introduced by Labour MP Kim Leadbeater, is scheduled for discussion on November 29. On this date, MPs will participate in a "free vote," permitting them to vote based on their personal convictions rather than following party directives.
In a recent communication with government officials, Cabinet Secretary Simon Case conveyed that the prime minister had elected to "suspend the usual collective responsibility regarding this bill," and stated that the government would maintain a "neutral stance" on its approval and the issue of assisted dying.
Ever since its specifics were released on Monday night, the proposed legislation has sparked considerable discussion. Key points include the requirement for patients to self-administer the life-ending medication, and the stipulation that they must be terminally ill with a prognosis of death within six months.
Ms. Leadbeater, backed by ex-government minister Lord Falconer and ChildLine creator Dame Esther Rantzen, is confident that her proposed bill is the "strongest" globally and includes protections intended to "comfort" those who are undecided.
The requirements stipulate that the confirmation of eligibility for assisted dying must come from two independent physicians, and must also receive the endorsement of a High Court judge.
Stay informed with the most recent updates from the UK and globally by following Sky News.
The legislation also stipulates penalties of up to 14 years of incarceration for individuals who violate the law, specifically those who force or pressure someone into committing suicide or to consume substances that induce death.
She has also pointed out that requiring terminally ill patients to decide and take the medication themselves adds an additional layer of safety measures and protections.
Numerous members of the cabinet, such as Health Secretary Wes Streeting and Justice Secretary Shabana Mahmood, who would oversee the proposed legislation, have expressed their opposition to the bill.
Mr. Streeting, citing fears that individuals could be pressured into ending their lives, has declared his opposition to the bill and revealed plans for a study to explore the financial implications of legalizing assisted dying.
The Health Secretary cautioned that introducing a new assisted dying law might divert resources from other NHS services, implying potential compromises in different areas.
Government agencies routinely assess the potential impacts of proposed laws to guarantee that any legislation approved by parliament is practical and enforceable.
Sky News has learned that Ms. Leadbeater expressed her disappointment in response to Mr. Streeting's remarks regarding the legislation.
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Another Labour MP who supports the bill expressed to Sky News their belief that Mr. Streeting had gone too far.
"They suggested that it might be somewhat misleading," they noted.
"This will certainly turn heads – there's a difference between ringing the alarm bell and actively assisting the opposition."
The parliamentarian mentioned that although there seems to be a shift in momentum against us, much will depend on the discussions and exchanges that occur in the legislative hall.
"They also noted that some of the fear-inducing strategies could have the opposite effect."
"The game is far from over, though it's clear that the opposition is currently gaining ground."
Further details: Exploring where it is currently permitted and the reasons for the controversy. A report recommends banning heckling in parliament.
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An individual familiar with Mr. Streeting's approach informed Sky News, "Wes has handled the matter sincerely and thoughtfully, expressing his perspective while honoring the opinions of others."
Introduced by a backbench MP instead of a minister, this private member’s bill will have less time allotted for debate compared to a government bill. However, supporters argue that there is still the possibility for amendments and rejections during subsequent readings.
During the Prime Minister's Questions session on Wednesday, Conservative MP Sir Alec Shelbrooke raised concerns about whether sufficient time had been allocated for discussing the bill. He appealed to Sir Keir Starmer to dedicate two days, or 16 hours, of "protected time" for thorough examination and debate of the legislation prior to the vote.
Sir Keir responded, "I believe there is enough time devoted to this matter, although it is significant."
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Timothy West: From Portraying Churchill to Championing Labour – A Tribute to a Political and Theatrical Giant
Timothy West: Portrayed Churchill, Backed Blair
Timothy West may not have been a major financial donor to the Labour Party, but he was prominently recognized as one of the "Labour luvvies" who supported Sir Tony Blair and was a notable advocate for New Labour.
Principal political reporter @joncraig
Wednesday, November 13, 2024, 8:
Timothy West portrayed the iconic Conservative figure Winston Churchill in three separate roles, despite being a lifelong and devoted advocate of the Labour Party.
Together with his spouse and partner of six decades, Prunella Scales, he actively supported the Labour Party, becoming one of its most notable celebrity advocates.
Following Sir Tony Blair's overwhelming electoral win in 1997, a prominent circle of celebrity endorsers and key financial backers gained the nickname "luvvies for Labour".
Timothy West has passed away at the age of 90.
The entertainment industry was represented by notable figures such as theatrical producer Sir Cameron Mackintosh, actors Sinead Cusack and Jeremy Irons, along with Richard Wilson, renowned for his role in "One Foot In The Grave."
West and Scales may not have been recorded as top contributors to New Labour financially, but they were vocal supporters of Blair's administration and prominent figures in the activism scene.
In 2000, the duo starred in a glamorous event marking the 100th anniversary of the Labour Party, held at the Old Vic Theatre in London and hosted by the sitting prime minister.
The event was filled to the brim with party members and was hosted by comedian and actor Stephen Fry. Tony Robinson, best known as Baldrick from Blackadder, also participated.
The gathering commemorated the centennial of the establishment of the Labour Representation Committee in 1900. West delivered his speech against the backdrop of an oversized image of Aneurin Bevan, the socialist pioneer and architect of the NHS.
Stay informed on the most recent developments both in the UK and internationally by tuning into Sky News.
An unwavering
In his critique of West's memoir, "A Moment Towards The End of The Play," which came out in 2001, the actor Simon Callow commended West for his unassuming and humble approach to his activism.
"Callow noted in The Guardian that he has generously dedicated his time to various charities and causes he supports, although he is too humble to speak of it himself."
"He has consistently and resolutely backed the Labour Party."
"He and his wife Prunella Scales have consistently championed the cause of actors, participating in marches, signing petitions, and campaigning wherever necessary, always maintaining a sense of grace and humor."
Explore political updates: Prime Minister announces climate initiatives in Baku. Government seeks to enhance services through NHS performance rankings.
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The apple doesn't fall far from the tree, does it
Samuel West, the son of the couple and known for his role as the cantankerous Siegfried Farnon in Channel 5's All Creatures Great And Small, also ventured into political activism. However, unlike his parents, he did not support Sir Tony Blair.
During his time at Oxford University, he joined the far-left Socialist Workers Party and subsequently the Socialist Alliance. He was also a vocal opponent of Blair's New Labour government and the Iraq War.
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The legacy of the West family in acting continues, along with celebrities supporting the Labour Party, as stars such as Bill Nighy, Dame Imelda Staunton, Hugh Bonneville, and Keeley Hawes endorse Sir Keir Starmer in the current election campaign.
Timothy West is recognized by key members from the Blair era as a steadfast and devoted celebrity supporter of New Labour for numerous years.
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Chancellor Rachel Reeves Announces Creation of Pension ‘Mega Funds’ to Fuel UK Infrastructure Investments
Chancellor Rachel Reeves Plans to Establish Large Pension Funds for Infrastructure Investment
Chancellor Rachel Reeves is proposing to model new pension fund aggregations after successful examples in Canada and Australia, aiming to boost investment levels. The government anticipates that this initiative could generate an additional £80 billion in funding.
Journalist specializing
Thursday, November 14, 2024, at 8
Government proposals aim to establish large-scale pension funds dedicated to boosting infrastructure spending.
According to Treasury proposals, changes could potentially release £80 billion in investments, with the strategy suggesting that consolidating into fewer, but bigger, funds may yield higher returns.
Chancellor Rachel Reeves is interested in adopting the models used by major pension schemes in Canada and Australia.
She highlighted that these changes represent the most significant overhaul of the pension market in many years, and she will reveal further information during her address at Mansion House on Thursday night.
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Close to 90 municipal pension funds are set to be consolidated, combining both defined contribution plans and their assets into a single pool.
This initiative is a component of the government's strategy to boost economic expansion by funneling investments into infrastructure.
According to governmental sources, pension funds see improved yields when their assets total between £20 billion and £50 billion, as this size enables them to diversify their investments more broadly.
The government points to data from Canada and Australia to support its claims, noting that Canada's programs allocate four times, and Australia's three times, the amount spent by the UK's defined contribution schemes on infrastructure investments.
Pensions Minister Emma Reynolds explained to Sky News that bigger pension funds have the capability to diversify their investments into various assets, such as private equity. These options carry more risk but can potentially yield greater returns over the long term.
She mentioned that while the government won't mandate pension fund managers to increase their investments in private equity, the expanded scale will permit them to diversify their portfolios with a wider variety of assets, similar to practices observed in Canada and Australia.
Ms. Reynolds pointed out that it's more common for educators from Canada or professors from Australia to have investments in UK infrastructure or burgeoning UK companies than for British savers themselves, which she believes is "incorrect."
The chancellor stated that the proposed adjustments would release tens of billions of pounds for investment in businesses and infrastructure, enhance retirement savings, and stimulate economic growth, thereby improving the prosperity of all regions across Britain.
Tom Selby, public policy director at AJ Bell, expressed concerns, stating, "We must tread carefully with the initiative to leverage individuals' capital for economic expansion. It's crucial that members are fully informed about the use of their funds."
According to the government, the Financial Conduct Authority will oversee the regulation of the funds, which must adhere to strict criteria to benefit savers effectively.
Discover more: Reeves set to introduce major changes to payment systems. Chancellor considers pension reform inspired by Canada. Reeves aims to attract Canadian pension funds in major overhaul initiative.
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Municipal retirement plans versus defined contribution schemes
By 2030, the Local Government Pension Scheme across England and Wales is projected to oversee assets totaling approximately £500 billion.
The management of these resources is divided among 86 distinct governing bodies, each overseen by local government representatives and council members.
According to proposed government measures, the oversight and investment decisions of local government pension schemes will be transferred from council members and local authorities to expert fund managers.
The government stated that this move will enable the investment of additional resources into infrastructure and other assets, promoting economic development and local investments for the benefit of the 6.7 million public employees.
By the close of this decade, assets managed by defined contribution pension plans are expected to reach £800 billion.
Approximately 60 distinct collective investment schemes exist, where participants' funds are allocated across various investment vehicles. The government plans to seek input on establishing a baseline size criterion for these funds.
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Companies wary, yet retirement funds support proposals
In the wake of the budget's repercussions, corporations will require confirmation that the government's strategies are foolproof, the Confederation of British Industry (CBI) has indicated.
Louise Hellem, the chief economist for the CBI, commented, "The chancellor's focus on driving investment through pension reform to aid the government's growth agenda is appropriate. However, fostering a competitive and profitable business environment is also crucial for unlocking further investment."
The recent budget increases expenses for businesses and limits their capacity to invest, prompting a need for the government to restore faith in the UK as a conducive environment for both businesses and communities to thrive.
"Pension plans thrive in a flourishing UK economic environment."
Stay informed with the most recent updates from the UK and globally by tuning into Sky News.
Major segments of the pension industry expressed support for the government's proposals, with endorsements coming from Standard Life, Royal London, Local Pensions Partnership Investments, and the Pensions and Lifetime Savings Association.
Deputy Prime Minister Angela Rayner stated, "We aim to unlock the vast potential of the pensions of millions of individuals and utilize it to positively enhance our economy."
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Government Urges Music Industry to Adopt Voluntary Ticket Levy to Bolster Grassroots Venues
Officials urge the music sector to implement a voluntary tax on tickets for stadium and arena events to aid local venues.
The Department for Culture, Media and Sport announced that ministers are eager for the industry to advance these suggestions promptly for upcoming events next year.
Journalist @niamhielynch
Wednesday, November 13, 2024, 11:
The administration is urging the music sector to implement an optional tax on stadium and arena concert tickets to support smaller, local music venues.
Officials anticipate that the music sector will swiftly implement their plans for next year's concerts, according to the Department for Culture, Media and Sport (DCMS).
The government contends that the most rapid and efficient method to direct funds from major performances to support the grassroots sector would be to implement a levy, led by the industry, incorporated into the ticket price.
"Officials have indicated their desire for the implementation of a voluntary charge at concerts starting in 2025. They emphasize the importance of transparently informing attendees about the reasons for this charge and its advantages for the grassroots sector," stated the DCMS.
In recent years, smaller entertainment spaces have faced challenges due to the pandemic and increasing inflation rates.
Several musical groups have begun contributing a portion of their concert revenue to support smaller performance spaces.
Enter Shikari contributed £1 from each ticket of their 2024 arena tour to the Music Venue Trust, and Coldplay has committed to giving 10% of their earnings from their next UK stadium tour to aid smaller music venues.
Further on Music
Tributes Pour In for Quincy Jones: Oprah Winfrey, Elton John, and Barack Obama Among Celebrities Honoring the Musical Icon
Ticket vendors might be required to disclose the highest prices to consumers following the backlash over Oasis's 'dynamic pricing'.
Eminem will soon be a grandfather as his daughter Hailie Jade announces she is expecting a baby
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Sir Chris Bryant, the Minister for Creative Industries, remarked, "The UK's grassroots music venues represent a profoundly valuable cultural resource that is often overlooked."
Discover more: Exploring the UK's music festival dilemma. On average, one independent music venue shuts down every week. What's behind the surge in concert ticket prices?
He went on to say, "These are the places where bands test out fresh tracks, where entirely new music styles emerge, where artists innovate, and where crowds witness the unfiltered force of live performances.
"These locations sustain thousands of employment opportunities and are crucial to the fabric of our local neighborhoods."
"A thriving local music scene is essential for the health of the broader music industry."
Stay informed about the most recent developments both in the UK and globally by tuning into Sky News.
Sir Chris stated: "This is why I am encouraging the industry to voluntarily implement a ticket surcharge on the largest commercial entities, to help guarantee the vitality and long-term prosperity of our whole live music industry for many years ahead."
The bipartisan committee responsible for culture, media, and sports, which originally proposed the plan, expressed approval of the ministerial backing but emphasized the need for a "strict deadline" for the industry to act before the government takes it upon itself to intervene.
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The panel announced plans to conduct a meeting with the industry in six months unless significant advancements are achieved.
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Politics
Steering Clear of Political Pitfalls: Labour’s Strategy to Dodge Democrats’ Dilemma Highlighted in Reeves’ Economic Address and Key Legislative Debates
What steps can Labour take to evade the same outcome as the Democrats?
Thursday, November 14, 2024, 07:54
🎧Tune into the 'Politics At Jack And Sam's' podcast on your favorite podcast platform🎧
Sky News' assistant political editor Sam Coates and Politico's Jack Blanchard present a daily brief on forthcoming political events, all in less than 20 minutes.
Today, Rachel Reeves is set to deliver a speech at Mansion House focusing on economic expansion and reforms in pension funding. This comes as she seeks to regain her political momentum after facing several challenges in the wake of the recent budget announcement.
They also cover Health Secretary Wes Streeting's opposition to the assisted dying legislation and its chances of being enacted.
Additionally, they provide updates on what to anticipate from Donald Trump's administration as he reveals additional cabinet selections.
Reach out to Jack and Sam via WhatsApp at 07511 867 633, or contact them through email at jackandsam@sky.uk.
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Government Vows Action as Parents Desperate Over Baby Formula Costs Turn to Online ‘Foraging
Government commits to aiding families overwhelmed by soaring baby formula costs
Several parents have turned to sourcing baby milk through online communities due to the unaffordable prices of formula containers.
National reporter @TomSkyNews
Thursday, November 14, 2024, 10:
The administration has committed to increasing support for families who are deeply distressed by the skyrocketing costs of baby formula milk.
The issue of parents scrambling to find baby formula online was brought up in parliament following a demand by the Competition and Markets Authority for a major reform of the market last week.
Health Secretary Stephen Kinnock addressed the House of Commons, stating, "I recognize the difficulties numerous families face in affording their infant's nutrition, and the government is dedicated to assisting those families who are most in need of support."
"We are dedicated to tackling the issues identified by the CMA to ensure the infant formula market meets the higher standards that parents expect."
Over the past few years, there has been a 25% increase in prices, even though there have been minor decreases and the introduction of two new budget-friendly brands.
The CMA pointed out that this strictly controlled market is failing the parents who depend on it.
Stringent regulations prohibit businesses from advertising infant formula through discounts or promotional offers in an effort to support breastfeeding. According to the CMA, this has resulted in a lack of motivation among companies to compete based on pricing.
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On Wednesday, Chris Webb, the MP for Blackpool South, echoed the conclusions of a 2023 Sky News probe that revealed the concealed struggles numerous families are facing.
He informed the House of Commons, "We are witnessing a scenario that should be inconceivable in contemporary Britain: scavenging for baby formula.
"I often come across distressing messages on community message boards from parents desperately asking for infant formula to help them get by until their next paycheck. These parents are in absolute desperation. However, in their search for affordable or free formula, they face the danger of giving their children milk that might be expired, previously opened, or possibly contaminated with bacteria."
Discover additional details on Sky News: Apple faces lawsuit for iCloud utilization; Tragic death of baby red panda following fireworks display.
Stay informed about the newest developments in the UK and internationally by tuning into Sky News.
He repeated his demands for improved, unbiased information to convince parents that despite the price variation from £7 to £18 per container, all types of initial formula milk offer the same nutritional value.
"Being the parent of a nine-month-old, I understand the emotional challenges and complexities involved in feeding an infant. This stage is vital for a child’s growth," Mr. Webb noted.
During their initial year, infants typically triple their weight at birth, setting the stage for their lifelong health.
It's crucial for parents to have access to safe and reasonably priced food during their child's early years. Unfortunately, for numerous families, this isn't the case.
"He emphasized that it's a crisis in public health."
The Competition and Markets Authority is set to release its definitive findings on the baby formula industry at the beginning of 2025.
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Politics
EU Parliament Tackles Global Challenges: Niinistö Report, Deforestation Law, and Climate Goals on Agenda
EP TODAY
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Thursday, November 14
EU Readiness Amid Global Unpredictability: MEPs Deliberate on the Niinistö Report
At 9:00 AM, Sauli Niinistö, who previously served as the President of Finland, is scheduled to deliver a report outlining strategies for the European Union to enhance its proactive stance on preparedness and overall security. This initiative aims to shift the focus from simply responding to unexpected events to being better prepared in an increasingly unpredictable and crisis-filled global landscape. After Mr. Niinistö's presentation, Members of the European Parliament (MEPs) will engage in a discussion on the topic.
Janne OJAMO
Phone number: +32 470 89 21
Justice in Europe
Vote on Delaying Implementation of EU Deforestation Regulation
At 11:00 AM, members of the European Parliament will vote on whether to postpone parts of the EU's deforestation regulation. This law is designed to guarantee that products sold within the EU are not obtained from areas affected by deforestation globally. Various political groups have suggested amendments, such as introducing a new classification for countries deemed to have "no risk" of deforestation, which would entail more relaxed regulations.
Contact: Thomas Haahr, phone number: (+32) 470 88 09
EP_Environmental
Ballots
COP29. At 11:00, the Parliament is set to cast votes on its expectations for the 2024 UN Climate Change Conference, known as COP29. In their proposed document, Members of the European Parliament (MEPs) are urging all nations to commit to establishing a new joint climate finance target for the period after 2025. Additionally, they are advocating for the swift elimination of both direct and indirect subsidies for fossil fuels, with a recommendation to redirect these funds to initiatives aimed at combating climate change.
In relation to Russia, Members of the European Parliament are scheduled to cast their votes at 11:00 AM on a proposed resolution concerning the European Union's approach to addressing the issue of Russia's covert fleet transporting crude oil. This resolution advocates for the implementation of more precise actions against these ships, alongside increased inspections. Additionally, it calls for consistent sanctions on vessels navigating EU waters without verified insurance.
You can watch the plenary session live through Parliament's online streaming service and on EbS+.
To find comprehensive details about the session, please refer to our newsletter.
Details about the plenary session are available here.
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Politics
EU-Parlament verschiebt Startdatum des Entwaldungsgesetzes: Unternehmen erhalten ein Jahr mehr zur Umsetzung
EU-Regelung zur Entwaldung: Unternehmen könnten mehr Zeit zur Umsetzung erhalten
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Die Einführung des EU-Entwaldungsgesetzes könnte um ein Jahr verschoben werden. Dies würde Unternehmen die Möglichkeit geben, sicherzustellen, dass ihre in der EU verkauften Produkte nicht aus entwaldeten Gebieten stammen.
In Brüssel hat das Europäische Parlament vorgeschlagen, das Inkrafttreten der EU-Entwaldungsverordnung um ein Jahr zu verschieben. Dies geschah als Antwort auf die Sorgen von EU-Ländern, Nicht-EU-Staaten, Händlern und Wirtschaftsteilnehmern, die befürchten, dass sie die Bestimmungen der Verordnung nicht vollständig umsetzen könnten, wenn sie ab Ende 2024 in Kraft treten würde.
In Oktober 2024 stimmte das Plenum dafür, den Vorschlag der Kommission nach dem Dringlichkeitsverfahren gemäß Artikel 170 Absatz 6 zu bearbeiten. Heute genehmigte das Plenum die Vertagung mit 371 Ja-Stimmen, 240 Nein-Stimmen und 30 Enthaltungen.
Ab dem 30. Dezember 2025 sind große Marktteilnehmer und Händler verpflichtet, die Bestimmungen dieser Verordnung zu befolgen, während Kleinst- und Kleinunternehmen bis zum 30. Juni 2026 Zeit haben. Diese Fristverlängerung ermöglicht es den betroffenen Unternehmen weltweit, die Vorschriften von Beginn an effektiv umzusetzen, ohne die Ziele des Gesetzes zu gefährden.
Das Parlament stimmte ebenfalls für weitere Änderungen, die von den Fraktionen vorgeschlagen wurden. Diese Änderungen beinhalten die Einführung einer neuen Kategorie von Ländern, die als „risikofrei“ in Bezug auf Entwaldung gelten. Diese neue Kategorie ergänzt die bereits bestehenden drei Kategorien: „geringes Risiko“, „normales Risiko“ und „hohes Risiko“.
In Ländern, die als "risikofrei" bewertet werden, weil ihre Waldflächen stabil bleiben oder zunehmen, sind die Vorschriften wesentlich lockerer, da kaum ein Risiko der Abholzung vorhanden ist oder gar nicht existiert.
The commission is required to complete a country-specific benchmarking system by June 30, 2025.
Upcoming Actions
Das Parlament entschied, das Dossier für Gespräche zwischen den Institutionen an den Ausschuss zurückzugeben. Damit die Änderungen wirksam werden, muss ein informeller Kompromiss später sowohl vom Rat als auch vom Parlament genehmigt werden. Danach erfolgt die Veröffentlichung im Amtsblatt der EU.
Background
The Food and Agriculture Organization of the United Nations (FAO) estimates that deforestation has resulted in the loss of 420 million hectares of forest between 1990 and 2020, an area larger than the European Union. Consumption in the EU accounts for around 10% of global deforestation, with palm oil and soy being responsible for over two-thirds of this impact.
Am 19. April 2023 hat das Parlament eine neue Verordnung gegen Entwaldung verabschiedet, die darauf abzielt, dem Klimawandel und dem Rückgang der Artenvielfalt entgegenzuwirken. Die Regelungen sollen die Abholzung verhindern, die durch den EU-Verbrauch von Produkten wie Rindfleisch, Kakao, Kaffee, Palmöl, Soja, Holz, Gummi, Holzkohle und bedrucktem Papier verursacht wird. Diese Verordnung ist seit dem 29. Juni 2023 in Kraft, und ursprünglich war geplant, dass Unternehmen die Vorschriften ab dem 30. Dezember 2024 umsetzen müssen.
Contact:
Thomas HAAHR
Thilo KUNZEMANN
Jakob FLOSSMANN
Andreas KLEINER
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