British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting the importance of older voters in the upcoming July election.
Sunak’s Conservative Party said it would introduce a new age-related allowance and deliver a tax cut of around 100 pounds ($128) for each of 8 million pensioners in 2025, rising to almost 300 pounds a year by the end of the next parliament.
“This bold action demonstrates we are on the side of pensioners. The alternative is Labour dragging everyone in receipt of the full state pension into income tax for the first time in history,” Sunak, who last week called a general election for July 4, said in the statement.
The number of pensioners in Britain rose by 140,000 to 12.6 million in the year to February 2023. Close to 50 million Britons will be eligible to vote in the election, which opinion polls predict is likely to end 14 years of Conservative rule in the country.
The Conservative Party said the proposal comes alongside the its commitment to the so-called triple lock, which guarantees increases to publicly funded pensions by the level of earnings, inflation or 2.5 percent, whichever is highest.
Labour has also committed to retain the policy, which was introduced by a Conservative government in 2011 to prevent pensioners from falling into poverty.
However, costs associated with it have come under increased scrutiny in recent years after British inflation soared, pushing up the government bill for state pensions by an additional 11 billion pounds last year.
The new proposal, which the party termed “triple lock plus,” will cost 2.4 billion pounds a year by 2029/30 and be funded through the government’s previously announced plan to raise an extra 6 billion pounds a year by clamping down on tax avoidance and evasion, the party said.
“This is just another desperate move from a chaotic Tory party torching any remaining facade of its claims to economic credibility,” Labour shadow paymaster general Jonathan Ashworth said in a statement on the plans.
The paymaster general falls under the Treasury and acts as a banker for most government departments.
UK’s Sunak proposes tax cuts for pensioners in new election pledge
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UK’s Sunak proposes tax cuts for pensioners in new election pledge
- The number of pensioners in Britain rose by 140,000 to 12.6 million in the year to February 2023
- The new proposal, which the party termed “triple lock plus,” will cost 2.4 billion pounds a year by 2029/30
World must better adapt to ‘climate calamity’: Guterres
- Global efforts to adapt to climate change have not kept pace as global warming accelerates the frequency and intensity of disasters
- Antonio Guterres: ‘Climate calamity is the new reality. And we’re not keeping up’
Global efforts to adapt to climate change – from building defensive sea walls to planting drought-resistant crops – have not kept pace as global warming accelerates the frequency and intensity of disasters.
Floods, fires and other climate shocks have affected nearly every continent in a year the EU climate monitor says is almost certain to be the hottest ever recorded.
The amount of money going to poorer countries for adaptation measures was barely one-tenth of what they needed to disaster-proof their vulnerable economies, the UN Environment Programme (UNEP) said in a new assessment looking at 2022, the latest year for which data is available.
“Climate calamity is the new reality. And we’re not keeping up,” said Guterres at the launch of UNEP’s annual Adaptation Gap Report.
Rich nations are under pressure at this month’s UN COP29 summit to substantially increase the $100 billion they pledged for climate action in developing countries, including for adaptation.
But some donor governments are under fiscal and political pressure, and major new commitments of public money are not expected at the conference in Azerbaijan.
A UN biodiversity meeting this month failed to reach a funding agreement and the election of Donald Trump – who opposes global climate cooperation – hangs over COP29.
Most of the public money committed to climate change goes to reducing planet-warming emissions, not adapting to its long-term consequences.
Some $28 billion in public finance was paid to developing countries for climate adaptation in 2022.
This was an increase on the year prior, but still a drop in the ocean: UNEP estimates between $215 billion and $387 billion is needed annually for adaptation in developing countries.
Rich countries had pledged to double the amount by 2025 to roughly $40 billion a year but even this would leave an “extremely large” adaptation funding gap, UNEP said.
Climate disasters hit poorest communities hardest but the cost of inaction was no longer borne by them alone, said Patrick Verkooijen, CEO of the Global Center on Adaptation.
“From rising seas and extreme heat waves to relentless droughts and floods, the impacts of climate change now reach every corner of the globe. No nation, no community is immune,” he said in a statement.
Spanish authorities were accused of being inadequately prepared when a major storm brought flooding that killed over 200 people last month.
Climate scientists say that global warming is fueling more frequent and severe extreme weather.
“We can’t postpone protection. We must adapt – now,” Guterres said.
Vatican hopes for ‘wisdom’ from Trump
- Parolin’s comments were the first diplomatic reaction from the Holy See to Trump’s win for the White House against Democrat Kamala Harris
VATICAN CITY: The Vatican’s secretary of state congratulated US president-elect Donald Trump Thursday, while expressing doubt that the Republican had a “magic wand” to end conflicts quickly as promised during the campaign.
“We wish him a lot of wisdom because that is the main virtue of leaders according to the Bible,” Italian Cardinal Pietro Parolin told reporters on the sidelines of a conference in Rome.
Asked about Trump’s promise to end the war in Ukraine “within 24 hours,” Parolin replied: “Let’s hope, let’s hope. I believe that not even he has a magic wand.”
“To end wars, a lot of humility is needed, a lot of willingness is needed, it really is necessary to seek the general interests of humanity rather than concentrate on particular interests,” he said.
To overcome divisions in American society, Parolin said he hoped Trump would be “the president of the whole country.”
He also hoped he would be “a factor that reduces tension... in the current conflicts that are bloodying the world.”
Parolin’s comments were the first diplomatic reaction from the Holy See to Trump’s win for the White House against Democrat Kamala Harris.
Pope Francis has not reacted.
In September, the Argentine pope criticized both candidates, accusing them of being “against life” in different ways: for Harris’ support of abortion, and for Trump’s anti-migrant policies.
During his first term in the White House, in May 2017, Trump was received by the Pope at the Vatican for a half-hour meeting.
NATO chief hopes to tackle North Korea-Russia threat with Trump
- ‘What we see more and more is that North Korea, Iran, China, and of course Russia are working together, working together against Ukraine’
BUDAPEST: NATO chief Mark Rutte said Thursday he aimed to work jointly with returning US leader Donald Trump in confronting the “dangerous new developments” linked to North Korea’s entry into the Russian war on Ukraine.
“What we see more and more is that North Korea, Iran, China, and of course Russia are working together, working together against Ukraine,” Rutte told reporters at a European leaders’ meeting in Budapest.
“This is more and more a threat, not only to the European part of NATO, but also to the United States — because Russia is delivering the latest technology into North Korea,” he warned.
“I look forward to sit down with Donald Trump to discuss how we can face these threats collectively,” Rutte said.
North Korea has become one of the strongest backers of Russia’s full-scale offensive in Ukraine, and the West has long accused Pyongyang of supplying artillery shells and missiles to Moscow.
Based on intelligence reports, Western powers now believe Pyongyang has deployed around 10,000 troops to Russia, suggesting deeper involvement in the conflict.
Iran meanwhile stands accused of supplying Russia with missiles and drones, while China is suspected of helping Moscow to circumvent Western sanctions on technologies for use in the war against Ukraine.
Kyiv targeted in massive Russian drone barrage overnight
- Russia has systematically targeted the Ukrainian capital with drone and missile barrages
- Kyiv was targeted by drone attacks on six days in the first week of November and 20 days in October
KYIV: Kyiv was targeted by another “massive” Russian drone attack that wounded two people, damaged buildings and sparked fires in several districts, Ukrainian authorities said Thursday.
Officials meanwhile in the south and east of the country said Russian attacks had killed two Ukrainian civilians in Kherson and Sumy.
Russia has systematically targeted the capital with drone and missile barrages since the first day of its invasion launched nearly three years ago on Febr. 24, 2022.
The capital was targeted by drone attacks on six days in the first week of November and 20 days in October, officials said.
“The attack took place in waves, from different directions, with drones entering the city at different altitudes — both very low and high,” the city administration said.
It added that more than 36 drones had been downed over the capital and the surrounding area and that falling debris had fallen on six districts of Kyiv and wounded two people.
AFP journalists heard air raid sirens ring out over the capital beginning shortly after midnight Kyiv time and the alert lasted some eight hours.
The reporters also heard drones buzzing over the city and air defense systems working to shoot down the drones.
The attack caused a fire in a 30-story residential building in the city center, and residents had to be evacuated, the mayor’s office said.
The head of the Kherson region meanwhile said the body of a deceased man was recovered from the rubble of a house destroyed by the attack in a Russian attack overnight.
In the eastern Sumy region, the body of another killed person was recovered following a Russian airstrike hours earlier, the interior ministry said.
Joe Biden set to address nation after Donald Trump’s decisive US election win
- Biden was replaced as the Democrats’ candidate by Kamala Harris due to concerns about his mental acuity
- Former President Trump’s victory underscored how disenchanted Americans had become with the economy
WASHINGTON: US President Joe Biden was set to address the nation on Thursday after a stinging election defeat for his Democratic Party at the hands of Republican Donald Trump, whose stunning political comeback has reverberated around the world. Biden, who was replaced in July as the Democrats’ candidate in the race by Vice President Kamala Harris due to concerns about his mental acuity after a stumbling debate with Trump, will speak at 11:00 a.m. (1600 GMT), the White House said. Harris sought on Wednesday to console the voters who had hoped she would become the first woman to win the White House. She, like Biden, has promised to aid Trump’s transition between now and his inauguration on Jan. 20 but said she was not prepared to embrace his vision for the country.
Trump’s campaign said Biden had invited him to a meeting at the White House at an unspecified time.
Former President Trump’s victory, surprisingly decisive after opinion polls that had showed a neck-and-neck contest ahead of Tuesday’s election, underscored how disenchanted Americans had become with the economy – in particular the effect of inflation on their standard of living – border security and the direction of the country and its culture. Hispanics, traditionally Democratic voters, and lower-income households hit hardest by inflation helped fuel the victory. Harris’ campaign had sought to press the message that Trump was unfit to serve again as president, as a convicted felon and one whose false claims of voting fraud after his 2020 election defeat spurred a mob to storm the US Capitol.
This time, Trump prevailed in five of the seven battleground states to push him past the 270 Electoral College votes needed to win the presidency and was leading in the remaining two, Arizona and Nevada, where votes were still being tallied.
He was also on track to become the first Republican presidential candidate to win the popular vote since George W. Bush two decades ago.
Republicans wrested control of the US Senate from Democrats, ensuring Trump will control at least one chamber of Congress next year. It is not clear if they will retain their majority in the US House of Representatives, with dozens of races not yet called.
In the days and weeks ahead, Trump will select personnel to serve under his leadership, his campaign said on Wednesday.
Tesla CEO Elon Musk, the world’s richest man and a prominent Trump donor, has been promised a role in his administration, as has former presidential candidate Robert F. Kennedy Jr.
JPMorgan CEO Jamie Dimon and billionaire hedge fund manager John Paulson are seen as possible new entrants to his administration, while former Trump officials Robert O’Brien and Mike Pompeo could return to office.
On trade, Trump is expected to revive policies he favored during his first term, notably tariffs that he has called the “most beautiful word.” That could set him on a collision course with China, which has the world’s second largest economy, sow discord with allies and roil global industries from automakers to chipmakers.
Chinese President Xi Jinping sent Trump a congratulatory message and said he hopes the two powers will coexist peacefully and achieve win-win cooperation, China’s state-run Xinhua news agency reported.
Ukrainian President Volodymyr Zelensky was among world leaders congratulating Trump. But Trump has been critical of Biden’s assistance for Ukraine in its war with Russia. He has said he could end the war in 24 hours but has not offered a detailed plan. The White House plans to rush billions of dollars in security assistance to Ukraine before Biden leaves office in January, sources said on Wednesday, hoping to shore up the government in Kyiv before Trump takes over.
