The Japan Times - Starmer insists Labour fit to govern as crisis grips UK

EUR -
AED 4.048396
AFN 71.653352
ALL 90.750248
AMD 397.442801
ANG 1.973656
AOA 1011.960474
ARS 1704.382464
AUD 1.618965
AWG 1.984235
AZN 1.878376
BAM 1.951036
BBD 2.220877
BDT 137.480376
BGN 1.95499
BHD 0.417001
BIF 3319.209083
BMD 1.102353
BND 1.423304
BOB 12.873388
BRL 6.246268
BSD 1.102607
BTN 104.113285
BWP 15.450042
BYN 3.311509
BYR 21606.119128
BZD 2.223106
CAD 1.573113
CDF 2551.947633
CHF 0.923202
CLF 0.028075
CLP 1104.973024
CNY 7.354624
CNH 7.359975
COP 3659.778945
CRC 495.301355
CUC 1.102353
CUP 26.528073
CVE 110.401089
CZK 24.405329
DJF 196.830539
DKK 7.476493
DOP 67.240184
DZD 151.259414
EGP 58.978161
ERN 16.535295
ETB 181.421296
FJD 2.507137
FKP 0.834353
GBP 0.833065
GEL 2.855525
GGP 0.834353
GHS 12.925133
GIP 0.834353
GMD 81.574515
GNF 9793.0268
GTQ 8.429301
GYD 230.683524
HKD 8.648736
HNL 29.723081
HRK 7.531237
HTG 144.950397
HUF 364.882711
IDR 20101.848202
ILS 3.545943
IMP 0.834353
INR 103.891816
IQD 1675.704586
IRR 2109614.310597
ISK 136.615035
JEP 0.834353
JMD 174.650478
JOD 0.781612
JPY 176.084403
KES 143.361434
KGS 96.384792
KHR 4497.600695
KMF 492.752185
KPW 992.118101
KRW 1471.994453
KWD 0.34335
KYD 0.921103
KZT 492.691348
LAK 24881.068091
LBP 98983.270882
LKR 367.641006
LRD 187.910514
LSL 18.686451
LTL 3.254962
LVL 0.666803
LYD 7.125019
MAD 10.95393
MDL 20.078055
MGA 5022.013743
MKD 61.545168
MMK 2314.774623
MNT 3973.283421
MOP 8.933124
MRU 44.703122
MUR 52.494468
MVR 16.980358
MWK 1916.705245
MXN 20.433771
MYR 4.504329
MZN 70.444469
NAD 18.686451
NGN 1481.088858
NIO 40.680111
NOK 10.552253
NPR 166.581456
NZD 1.994668
OMR 0.424511
PAB 1.102607
PEN 3.76101
PGK 5.044014
PHP 70.506912
PKR 305.654336
PLN 4.405592
PYG 6843.288459
QAR 4.01725
RON 5.348511
RSD 117.465677
RUB 91.30685
RWF 1635.304475
SAR 4.217282
SBD 8.926521
SCR 15.295042
SDG 663.069392
SEK 11.106249
SGD 1.419063
SHP 0.830054
SLE 25.409646
SLL 23115.795624
SOS 631.701729
SRD 41.327623
STD 22816.481805
STN 24.500067
SVC 9.672026
SYP 14332.794295
SZL 18.681051
THB 37.34225
TJS 10.196728
TMT 3.858236
TND 3.316433
TOP 2.654202
TRY 55.485621
TTD 7.503021
TWD 36.257938
TZS 2926.90801
UAH 50.255138
UGX 4553.879273
USD 1.102353
UYU 44.690863
UZS 13292.036376
VES 1006.315196
VND 28358.582532
VUV 132.985681
WST 3.098252
XAF 655.957
XAG 0.022553
XAU 0.000284217451
XCD 2.979165
XCG 1.992105
XDR 0.779421
XOF 655.957
XPF 119.331742
YER 260.762006
ZAR 18.713826
ZMK 9922.503926
ZMW 22.599062
ZWL 354.957222
SSP 6555.09164
MXV 2.294737
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Starmer insists Labour fit to govern as crisis grips UK
Starmer insists Labour fit to govern as crisis grips UK / Photo: Oli SCARFF - AFP

Starmer insists Labour fit to govern as crisis grips UK

Labour leader Keir Starmer argued Tuesday he was ready to lead Britain out of economic crisis, as a new poll gave his once-fractured party its biggest lead in two decades over the ruling Conservatives.

Text size:

The head of the main opposition told its annual conference that new Prime Minister Liz Truss and the Tories had "lost control of the British economy", as the UK reels from soaring inflation, imminent recession and a weakening currency.

His speech in the northwestern English city of Liverpool was met with fervent applause from the Labour rank and file -- who can now scent power, after 12 years in the political wilderness and bouts of ideological infighting.

It came the day after the pound crashed to an unprecedented low against the dollar. "And for what?" Starmer queried. "For tax cuts for the richest one percent in our society.

"Don't forget, don't forgive," he said. "The only way to stop this is with a Labour government."

The pound's plunge has been blamed on a mini-budget unveiled Friday by Britain's new finance minister, Kwasi Kwarteng, which cut taxes -- including for the highest earners -- and raised government borrowing.

The currency rebounded somewhat Tuesday, but remains vulnerable amid market concerns that the tax-slashing plan could drive up interest rates and derail public finances.

"What we've seen from the government in the past few days has no precedent," Starmer said, vowing instead investment in healthcare, education and a "green prosperity plan" against climate change.

Condemning the patchwork of ownership of UK energy firms, including by foreign governments, he said that within a year of winning power Labour would create a nationally owned entity called "Great British Energy".

- 'Cavalry is coming' -

The latest survey by YouGov showed Labour 17 points ahead of the Tories, its biggest lead since 2001 and the era of Tony Blair, who won an unprecedented three general elections for the party from 1997.

A separate YouGov poll gave support to Labour's narrative about the Truss-Kwarteng budget plan, finding 57 percent of Britons think the measures collectively were unfair.

That was the worst score for any financial statement since the Conservatives took power from Labour in 2010.

Starmer's health spokesman Wes Streeting echoed the confident tone heard from delegates in Liverpool, telling Sky News that "the cavalry is coming with Labour".

Starmer, 60, took over the Labour leadership in April 2020 from the left-wing Jeremy Corbyn but initially struggled to break through with the public during the Covid-19 pandemic.

The Tories' problems under their previous scandal-plagued prime minister Boris Johnson, and now the spiralling financial crisis, have revived Labour's fortunes following Corbyn's divisive five-year tenure.

- Shifting the narrative -

In his speech, Starmer said it was now "the party of the centre ground" and of "sound money" -- as the Tory government struggles to reassure jittery investors at home and abroad.

In an unusual move, attendees at this year's conference on Sunday sang the national anthem "God Save the King", beneath images of the late queen Elizabeth II.

Fears the rendition would be marred by boos or heckles from the Corbyn-leaning left proved unfounded.

Starmer was unabashed in trying to grab the mantle of patriotism as well as economic competence from the Tories.

"Country first, party second," he said of his leadership, hailing Labour as once again "the political wing of the British people" -- echoing Blair who previously deployed the same phrase.

He also earned sustained applause for declaring a Labour government would maintain Britain's staunch support for Ukraine against Russia's invasion.

Starmer has vowed not to reverse the Conservatives' "hard Brexit" deal, which took Britain out of the European Union's single market and customs union.

That has frustrated some in the party, and there is also disquiet from its traditional union backers about support for workers on strike over pay as inflation surges.

But overall, according to University of Exeter lecturer Richard Jobson, Starmer has shifted the electorate's view of his party.

Traditional views of Labour as profligate and the Tories as fiscally responsible "no longer feel either coherent or convincing", said Jobson, a historian who specialises in the opposition party.

"Starmer knows this and the current polling suggests that he is in a good position to capitalise on the collapse of these narratives electorally."

T.Sasaki--JT