Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Factbox-The six milestones Starmer says will define success of UK government
Booklet titled 'Plan for Change' on chair.

Published : , on

By Andrew MacAskill

LONDON (Reuters) – British Prime Minister Keir Starmer on Thursday announced six priorities intended to convince dissatisfied voters he was addressing their concerns after his approval ratings have plunged since Labour’s national election victory in July.

Below is a list of what he called “milestones” he wants to achieve by the next election due by 2029:

RAISING DISPOSABLE INCOME

Starmer said he wants to raise real household disposable income across every part of the United Kingdom by the next election due in 2029.

Household disposable income, adjusted for inflation, rose on average by just 0.3% per year between 2019 and 2024, marking the worst parliamentary term since records began in the 1950s, according to the Institute for Fiscal Studies.

The Office for Budget Responsibility predicts only a small improvement in the current parliament, which looks on track to be the second-worst in terms of disposable income.

RECRUITING MORE POLICE OFFICERS

Labour repeated the party’s promise to hire an extra 13,000 police officers and community support officers working in neighbourhoods in England and Wales.

More than half of the public do not trust the police to solve crimes, and over a third said they have no faith in the police to maintain law and order, a poll by YouGov earlier this year found.

SCHOOL-READY CHILDREN

Starmer said he wanted to ensure that 75% of five-year-olds were ready for school by the time they enter reception, the first year of school.

One in four children starting school in England and Wales are not toilet-trained, nearly half of pupils are unable to sit still and a third cannot eat or drink independently, according to the early-years charity Kindred2.

Teachers have said they believe the reduced time some children spent in nursery during the COVID pandemic and more time spent on electronic devices has played a role.

DECARBONISING THE ECONOMY

The government announced a target to decarbonise the economy by being on track for at least 95% clean power by 2030.

The decarbonisation target, which will mean moving away from fossil fuels and a rapid increase in wind and solar power, is part of Britain’s efforts to reach its wider climate goals.

The proposal would mean rapidly weaning the country off fossil fuels such as gas, which accounts for over a third of the country’s electricity.

IMPROVING THE HEALTH SERVICE

Starmer announced plans to cut waiting lists in the state-run National Health Service.

The prime minister said he wanted 92% of patients who needed routine operations to be seen within 18 weeks.

The 18-week treatment target has not been met since 2016, according to the House of Commons Library, which carries out research for lawmakers.

BUILDING MORE HOMES

Starmer reiterated a previous target to build 1.5 million more homes over the next five years and fast track planning decisions on 150 infrastructure projects.

House builders, infrastructure groups and investors have long complained that planning laws have prevented them from building, with local communities often able to tie projects up in reviews and legal challenges.

No British government has built 300,000 homes every year new homes in half a century, according to the University of Liverpool.

 

(Reporting by Andrew MacAskill; Editing by Elizabeth Piper and Alison Williams)

 

Jesse Pitts has been with the Global Banking & Finance Review since 2016, serving in various capacities, including Graphic Designer, Content Publisher, and Editorial Assistant. As the sole graphic designer for the company, Jesse plays a crucial role in shaping the visual identity of Global Banking & Finance Review. Additionally, Jesse manages the publishing of content across multiple platforms, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post