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☆ Britain's Keir Starmer plots painstaking path to power
▼ + stars: | 2023-10-05 | by ( Elizabeth Piper | ) www.reuters.com time to read: +10 min

[1/2] British Labour Party leader Keir Starmer speaks during Prime Minister's Questions, at the House of Commons in London, Britain, May 24, 2023. Hours later, those from the opposition Labour party were summoned by senior members in charge of discipline and ordered to delete the posts and apologise. Welcome to Keir Starmer's Labour Party. "Thanks to Keir Starmer's leadership, voters see a changed Labour Party that is ready to change the country with a mission-driven government," a Labour spokesperson said when asked to comment for this story. 'CORBYN WITHOUT THE MADNESS'Named after the founder of the Labour Party, Keir Hardie, Starmer was brought up in a staunchly left-wing household.

Persons: Keir Starmer, Jessica Taylor, Handout, Gene Simmons, Simmons, Islam, Keir Starmer's, Jeremy Corbyn, we've, Starmer, Tony Blair, Rishi Sunak, Keir Hardie, Charlie Falconer, Claire Ainsley, Olaf Scholz, Australia's Anthony Albanese, Ainsley, Falconer, COVID, Keir, Mark Stephens, Blair, Starmer's, Andrew Cooper, David Cameron, Cooper, David Clarke Organizations: British Labour Party, REUTERS, Labour, Reuters, Keir Starmer's Labour Party, Conservatives, Conservative, Labour Party, Policy Institute, Labor Party, Public Prosecutions, Critics, Board, Police Service, Northern, Human, OF, DPP, of Human, Reigate Grammar, Thomson Locations: London, Britain, Australia, Germany, U.S, Caribbean, Uganda, Reigate

"The discussion about where the tax burden should fall I think is one that we need to take, not now, but in a little bit (of) time," Gove told Sky News. "I would like to see the tax burden reduced before the next election," he said, adding that workers should be the focus of any such reductions. "Rishi Sunak is desperate for people to think he’s in charge," said Jon Ashworth, a member of leader Keir Starmer's team. Liz Truss, Sunak's predecessor, and other senior Conservative lawmakers signed a letter on Saturday saying they would not support "any new taxes that increase the overall tax burden". "We're not in a position to talk about tax cuts at all."

Persons: Michael Gove, Phil Noble, Gove, Sunak, Rishi Sunak, Opinium, Labour's, Jon Ashworth, Keir Starmer's, Liz Truss, Jeremy Hunt, We're, Elizabeth Piper, Alistair Smout, Andrew MacAskill, Kirsten Donovan, Hugh Lawson Organizations: Britain’s, REUTERS, Conservatives, Labour Party, Sky News, Conservative, Labour, for Fiscal Studies, Thomson Locations: Manchester, Britain, MANCHESTER, England

☆ New Zealand PM tests COVID-positive two weeks before election
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

[1/3] Prime Minister and Labour Party Leader Chris Hipkins speaks at the New Zealand Labour Party's election campaign launch event in Auckland, New Zealand, September 2, 2023. REUTERS/David Rowland/File Photo Acquire Licensing RightsSYDNEY, Oct 1 (Reuters) - New Zealand Prime Minister Chris Hipkins has tested positive for COVID-19 and will work remotely while isolating, his office said on Sunday, just two weeks before a general election in which his Labour party is struggling. The positive test will temporarily sideline Hipkins in the campaign for the Oct. 14 election. Deputy Prime Minister Carmel Sepuloni would stand in for Hipkins at a Samoan church service in Auckland on Sunday, a spokesperson said. The prime minister's office said further updates on his schedule "will be provided in due course".

Persons: Chris Hipkins, David Rowland, Carmel Sepuloni, Hipkins, Sam McKeith, Nick Zieminski, William Mallard Organizations: Labour Party, New Zealand Labour, REUTERS, Rights, Zealand, Labour, National, Thomson Locations: Auckland , New Zealand, Hipkins, Auckland, Sydney

☆ New Zealand PM Tests COVID-Positive Two Weeks Before Election
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) -New Zealand Prime Minister Chris Hipkins has tested positive for COVID-19 and will work remotely while isolating, his office said on Sunday, just two weeks before a general election in which his Labour party is struggling. The positive test will temporarily sideline Hipkins in the campaign for the Oct. 14 election. Labour has been sliding in the opinion polls, with the centre-right National party leading by 31.9% to 26.5% in a recent survey. The prime minister's office said further updates on his schedule "will be provided in due course". The government removed its last COVID restrictions in August, but health authorities still recommend that people stay home for five days if feeling unwell or if they have tested positive.

Persons: Chris Hipkins, Carmel Sepuloni, Hipkins, Sam McKeith, Nick Zieminski, William Mallard Organizations: SYDNEY, Zealand, Labour, National Locations: Hipkins, Auckland, Sydney

☆ Factbox-New Zealand Election Shapes up as a Race of Many Parties
▼ + stars: | 2023-09-14 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

Here are the key parties and potential combinations that may emerge from the Oct. 14 general election. LIKELY BEDFELLOWS: LABOUR AND GREENSPrime Minister Chris Hipkins has headed the Labour Party since Jacinda Ardern abruptly resigned in January. But with Labour trailing the centre-right National Party 28%-39% in the latest opinion poll, it looks unlikely Hipkins can hold onto power alone. POTENTIAL KINGMAKERSWinston Peters and his populist New Zealand First party are campaigning with slogans such as "Let’s take the country back." In the past it supported a National government, but Luxon has said he would not work with the Maori party.

Persons: Chris Hipkins, Jacinda Ardern, Hipkins, Christopher Luxon, KINGMAKERS Winston Peters, Pati, Luxon, Lucy Craymer, William Mallard Organizations: Reuters, Zealanders, LABOUR, GREENS, Labour Party, Labour, National, Green Party, Greens, ACT, ZEALAND, ACT New Zealand, Air New Zealand, New Zealand

☆ Factbox-New Zealand Voters' Top Issues in October General Election
▼ + stars: | 2023-09-14 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +5 min

Chris Hipkins, who took the prime minister's post in January after Jacinda Ardern stepped down, has nudged his Labour Party towards the centre, focusing on what he terms "bread and butter issues". The opposition National Party has blamed Labour for rising costs and is promising, if elected, to cut taxes and bring inflation under control. Given New Zealand's ever-increasing building costs, poor housing stock and overcrowding, however, supply continues to fall short of demand. The National Party has proposed unlocking more land for housing, providing incentives for councils to build more houses and creating new infrastructure financing tools. The National Party says it will encourage trade and investment, increase the skilled labour force and cut red tape.

Persons: Chris Hipkins, Jacinda Ardern, Hipkins, Lucy Craymer, Edmund Klamann Organizations: Reuters, New Zealanders, Labour, National, Labour Party, National Party, Zealand's Labour Locations: New, New Zealand, China, Pacific, Solomon, South Pacific, Britain

☆ Britain's Labour party would repeal strike laws in first 100 days in power
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 12 (Reuters) - Britain's opposition Labour Party would repeal recently-introduced legislation that limits workers' rights to strike if it wins an election expected next year, deputy leader Angela Rayner said on Tuesday, pledging to enhance employee protection. Labour's deputy leader Angela Rayner said the new legislation was a "spiteful and bitter attack" on trade unions. "The next Labour Government will ask Parliament to repeal these anti-trade union laws within our first 100 days," she said in a speech at the Trades Union Congress (TUC) annual conference in Liverpool. She said that Labour would also bring forward an Employment Rights Bill in its first 100 days in office. Labour has said that such a bill will legislate for fairer pay, strengthen rights and protections for workers and bolster trade unions' rights.

Persons: Angela Rayner, Alistair Smout, William James Our Organizations: Labour Party, Conservative, Labour Government, Trades Union Congress, TUC, Labour, Thomson Locations: Liverpool

☆ Norway's Labour loses regional vote after a century on top
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Norwegian Prime Minister Jonas Gahr Store receives the election day forecasts at the Labor Party's election vigil during the municipal election 2023, in Oslo, Norway September 11, 2023. Terje Pedersen/NTB/via REUTERS Acquire Licensing RightsOSLO, Sept 11 (Reuters) - Norway's governing Labour Party fell to second place behind the Conservatives in Monday's regional and municipal election, a preliminary count showed, the first time since 1924 that the leftwing group failed to finish first in a nationwide vote. With 60% of ballots counted, Labour had won 21.8% of the vote, official data showed, down from 24.8% in 2019, while the Conservative Party stood at 25.8%, up from 20.1% four years ago. While the setback deepens Labour's woes, Prime Minister Jonas Gahr Stoere has said he will continue to lead his minority coalition government regardless of the regional vote's outcome, which does not affect the composition of parliament. Labour and the rural-oriented Centre Party, in government since 2021 following a landslide for leftwing parties, next face an election for parliament in 2025.

Persons: Jonas Gahr, Terje Pedersen, Jonas Gahr Stoere, Erna Solberg, Terje Solsvik, Gwladys Organizations: Norwegian, Labor, REUTERS Acquire, Rights, Labour Party, Labour, Conservative Party, Soaring, Party, Conservative, Thomson Locations: Oslo, Norway, Rights OSLO, Monday's

☆ Britain has a new big problem: crumbling concrete in schools, hospitals, airports, and theaters
▼ + stars: | 2023-09-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +8 min

The "crumbly concrete" was used in hundreds of schools and some have been shut over fears of collapses. The UK government said more than 100 schools faced closure because they contained reinforced autoclaved aerated concrete (RAAC), a material typically used in roof planks and wall panels. AdvertisementAdvertisementOther structures such as hospitals, theaters, universities and some apartment buildings are also being checked for the concrete. Why was the concrete used? According to the think-tank the Institute for Government, those cuts are linked with schools' RAAC closures.

Persons: Matthew Byatt, RAAC, –, Chris Goodier, What's, Keir Starmer, Rishi Sunak's, NAO, Gareth Davies, Rishi Sunak Organizations: Service, Health, Safety, National Audit Office, Guardian, Financial Times, of Structural Engineers, Labour, Loughborough University, Department for Education, Institute for Government, The Times, National Health Service, European Union Locations: Wall, Silicon, Heathrow, Gatwick, Kent, Sweden, London, he's, India

☆ New Zealand election campaign steps up with cost of living in focus
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Opinion polls show a coalition of conservative parties is favoured to govern after the election. That would put National in the stronger position to form a coalition government with one or more smaller parties. Labour's popularity has steadily declined this term and Ardern stepped down in January, saying she had "no more in the tank". National leader Christopher Luxon, a political newcomer and former CEO of Air New Zealand (AIR.NZ), told Reuters last month that he aimed to focus on containing inflation. Reporting by Renju Jose in Sydney; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Hipkins, Jacinda Ardern, Lucy Craymer, Hipkins, Ardern, Christopher Luxon, Renju Jose, Gerry Doyle Organizations: Labour Party, REUTERS, Rights, Zealand, Labour, Talbot, National Party, Air New Zealand, Reuters, Thomson Locations: New Zealand's, Wellington , New Zealand, Sydney

☆ In New Zealand, defence and security become election issues amid China’s Pacific push
▼ + stars: | 2023-08-10 | by ( Lucy Craymer | ) www.reuters.com time to read: +5 min

“Foreign policy, defence, our relationship with the Pacific - all of that will be far more relevant and the public will be more conscious of it compared to other elections, where it's been pretty much non-existent,” said Josie Pagani, a political commentator and host of the pre-election foreign policy debate. Sixty-three percent of voters say inflation and the cost of living are a most important issues of the election, a poll by the Ipsos New Zealand Issues Monitor released in June said. A second survey released last week by the country’s national intelligence and security board found increasing levels of concern about defence, security and foreign policy. Foreign policy doesn't usually play in New Zealand elections, said Jason Young, an associate professor of international relations and politics at Victoria University. The opposition National party, which polls indicate will win control of the government, hasn’t released its defence policy and said it needs more detail about AUKUS.

Persons: it's, ”, Josie Pagani, Andrew Little, “, Chris Seed, Jason Young, Helen Clark, Nanaia Mahuta, hasn’t, Gerry Brownlee, Lucy Craymer, Gerry Doyle Organizations: WELLINGTON, ”, Foreign Affairs, Trade, Victoria University, Washington, Labour, National, Thomson Locations: New Zealand, China, Solomon, Ukraine, Pacific, Zealand, United States, Australia, Britain, “, AUKUS, Zealanders

☆ British Prime Minister Sunak avoids wipeout in key elections
▼ + stars: | 2023-07-21 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

LONDON, July 21 (Reuters) - British Prime Minister Rishi Sunak's governing Conservatives lost two strategically important parliamentary seats on Friday but unexpectedly retained Boris Johnson's old constituency in a setback for the main opposition Labour Party. The Conservatives retained Johnson's former seat by fewer than 500 votes in a huge relief for Sunak who narrowly avoided becoming the first British leader to lose three by-elections on a single day in more than half a century ago. Labour won the constituency of Selby and Ainsty from the Conservatives by 4,000 votes after an ally of Johnson resigned in solidarity. The party said overturning the majority of 20,137 from the last general election marks the biggest majority the party has overturned at a by-election since World War Two. The two main "political party leaders have been left with something to think about in the wake of these results", he said.

Persons: Rishi Sunak's, Boris Johnson's, Sunak, Boris Johnson, Liz Truss, Steve Tuckwell, Johnson, John Curtice, Britain's, Curtice, Andrew MacAskill, Tom Hogue, Robert Birsel Organizations: British, Conservatives, Labour Party, Conservative Party, Labour, Liberal Democrats, Conservative, Thomson Locations: Uxbridge, South Ruislip, Downing, England, Selby, Ainsty, Somerton, Frome

☆ Uxbridge by-election: In Boris Johnson's back yard, Britons are desperate for a change
▼ + stars: | 2023-07-18 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

A mid-term by-election to replace Johnson is taking place on Thursday, alongside two other by-elections to replace MPs elsewhere in the country. Boris Johnson is seen on a walkabout in Uxbridge in 2020, during his time as prime minister. Inside, the owner told CNN: "They're all the same ... Johnson’s company ran the first major opinion poll ahead of the Uxbridge by-election, which found a solid but assailable eight-point lead for Labour. Labour leader Sir Keir Starmer (far right) and Shadow chancellor Rachel Reeves (right) on a campaign visit with Danny Beales, the local Labour candidate (back center).

Persons: Mike Okoli, ”, Okoli, Boris Johnson –, Johnson, “, ” Okoli, Rob Picheta, CNN Johnson, Manoj Supeda, I’ve, hasn’t, ‘, ’ He’s, Supeda, Johnson’s, ” Supeda, “ It’s, ” Manoj Supeda, Tony Blair, Labour's, Brexit, CNN Okoli, he’s, “ I’ve, Sonia Caetano, Boris Johnson, Stefan Rousseau, there’s, ” Caetano, Danny Beales, We've, Caetano, Keir Starmer, Steve Reed, Piers Corbyn, Jeremy Corbyn, Steve Tuckwell, ” Tuckwell, Reed, ” Reed, They’re, Mick, Starmer, “ We’re, we’re, ” James Johnson, Theresa May’s, Sir Keir Starmer, Rachel Reeves, ” Tracy Peabody Organizations: United Kingdom CNN, European Union, CNN, Labour Party –, Tories, Labour, Conservatives, Britain, Uxbridge, Beales, London’s Labour, Conservative, Hillingdon Hospital, CNN ‘ Labour, “, Press Association Locations: Uxbridge, United Kingdom, Nigeria, Caribbean, London, South Ruislip, Britain, “, Okoli, Portuguese, Yiewsley, Portugal, Covid, Ukraine, Hillingdon, Ruislip Manor

☆ Britain's Labour focuses on economy as PM Sunak faces electoral test
▼ + stars: | 2023-07-14 | by ( Andrew Macaskill | ) www.reuters.com time to read: +5 min

He swiftly went back to concentrating his attacks on the government's handling of the economy and public services. "People are all talking about what is going on with the economy and the crisis that is affecting so many ordinary lives." Sixty-four percent of voters said the economy was the most important issue for them in a YouGov survey earlier this month. 'BUCKET FULL OF HOLES'Uxbridge and South Ruislip, on the western edge of London, is traditionally a Conservative stronghold. Labour's message is more focused on national issues such as the economy and mortgages, while the Conservatives are hammering local issues.

Persons: Danny Beales, Boris Johnson's, Susannah Ireland, Boris Johnson LONDON, Boris Johnson, Beales, Rishi Sunak, Johnson, Sunak, Maria Genjatovic, Paul Mathews, Mathews, Steve Tuckwell, Andrew MacAskill, Elizabeth Piper, Alex Richardson Organizations: Labour, British, REUTERS, London Labour, Labour Party, Conservatives, Reuters, Britain, Conservative, Thomson Locations: Uxbridge, South, Uxbridge , Middlesex, Britain, London, South Ruislip

☆ Glenda Jackson, British actor turned politician, dies aged 87
▼ + stars: | 2023-06-15 | by ( Elizabeth Piper | ) www.reuters.com time to read: +5 min

Raw-boned, pallid and angular, with striking, sharp eyes, she had starred on stage, television and film before quitting to take up politics, declaring: "An actor's life is not interesting". Jackson also won two Emmy awards for her portrayal of England's Queen Elizabeth I in the BBC's 1971 television series "Elizabeth R". After more than three decades on stage and film, Jackson quit acting and took her no-nonsense, straight-talking style into politics. In 1992, at the age of 55, Jackson won a seat in parliament representing the left-of-centre Labour Party in a constituency in north London. In parliament, Jackson was vociferous in her condemnation of the Conservative Party which she accused of instilling a "dreadful, dreadful moral malaise" in Britain.

The more than 100-page report detailed six events held at Downing Street, the prime minister's offices and residence. There is no precedent for a prime minister having been found to have deliberately misled the House (of Commons, lower house of parliament)." It recommended that he should not be entitled to a former member's pass, which enables most former prime ministers and lawmakers to gain automatic access to parliament. But so-called Partygate spelt the beginning of the end for his tenure as prime minister. They have also rowed this week over the former prime minister's resignation honours list.

Persons: Johnson, Boris Johnson, Rishi Sunak, Mr Johnson, Sunak, Thangam Debbonaire, Elizabeth Piper, Alistair Smout, Andrew MacAskill, Kylie MacLellan, Muvija, William James, Kate Holton, Frank Jack Daniel, Angus MacSwan Organizations: Conservatives, Downing, Street, Labour Party, Conservative Party, Thomson Locations: COVID

☆ Boris Johnson's shock exit reverberates through British ruling party
▼ + stars: | 2023-06-10 | by ( Andy Bruce | ) www.reuters.com time to read: +4 min

[1/2] Former British Prime Minister Boris Johnson walks at the parliament in London, Britain, March 22, 2023. He also took aim at current Prime Minister Rishi Sunak. lawmaker Andrea Jenkyns wrote in a Conservative Party WhatsApp group, according to a screenshot shared by a Sky News reporter. Ed Davey, leader of the Liberal Democrats opposition party, said Johnson jumped before he was pushed. "He was never fit to be an MP let alone Prime Minister of our great country," Davey said.

Persons: Boris Johnson, Peter Nicholls, Boris Johnson's, Johnson, Rishi Sunak, Rishi, Andrea Jenkyns, Jenkyns, Dame, Boris, John Redwood, Johnson's, Henry Hill, Hill, Nadine Dorries, Angela Rayner, They've, Ed Davey, Davey, Andy Bruce, Mike Harrison, Frances Kerry Organizations: British, REUTERS, Peter Nicholls LONDON, Conservative Party, Labour Party, Conservative, Conservative Party WhatsApp, Sky News, BBC, Sunak's, Liberal Democrats, Thomson Locations: London, Britain, Downing, Brexit

☆ UK sets out energy plans, critics bemoan lack of clean tech boost
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

[1/2] A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil NobleLONDON, March 30 (Reuters) - Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector. Energy security minister Grant Shapps said the 1,000 pages of documents published on Thursday were focused on energy security, a major focus since the war in Ukraine. There were also further details on a raft of previously announced schemes such as funding for offshore wind, carbon capture, speeding up planning processes for solar and offshore wind projects, rolling out more electric vehicle charging points and encouraging heat pumps in homes. Environmental campaign group Greenpeace said the government's energy plans were not going far or fast enough to tackle climate change.

☆ UK's Labour attacks planned pension changes as giveaway to the rich
▼ + stars: | 2023-03-16 | by ( Kate Holton | ) www.reuters.com time to read: +3 min

LONDON, March 16 (Reuters) - Britain's opposition Labour Party vowed on Thursday to reverse the government's planned pension changes, saying they were a giveaway to the top 1% of pension savers at a time when many households are being hit by tax increases and high inflation. "The budget was a chance for the government to unlock Britain's promise and potential," Rachel Reeves, Labour's would-be finance minister said. Some long-serving senior doctors have cut back their hours or retired early as they near the lifetime pension limit, adding to strains in the National Health Service (NHS). The focus on tax support for the wealthiest had echoes of the criticism that met the "mini-budget" of former Prime Minister Liz Truss and her finance minister Kwasi Kwarteng in September. They were later forced to reverse their plan to scrap the top rate of income tax for Britain's highest earners.

☆ Hunt, hemmed in by debt, set to focus on growth in UK budget
▼ + stars: | 2023-03-14 | by ( William Schomberg | ) www.reuters.com time to read: +5 min

Instead, hemmed in by his promise to lower the burden of Britain's 2.5 trillion pounds ($3.0 trillion) of debt, Hunt will seek to tackle some of the causes of Britain's long-term economic funk. "In the autumn we took difficult decisions to deliver stability and sound money," Hunt is due to say, according to excerpts of his budget speech. "Today, we deliver the next part of our plan: a budget for growth," he adds. Labour's would-be finance minister, Rachel Reeves, sought to keep the heat on Hunt by calling for urgent action now. In an attempt to soften that tax hit, Hunt has hinted at new incentives for business investment.

☆ Japan's largest union reaches early deal for higher pay
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

TOKYO, March 9 (Reuters) - Workers from Japan's largest union have struck early agreements for hefty wage hikes with employers as cost of living pressures grow and businesses scramble to secure staff amid a labour crunch, unionists said on Thursday. The 18 unions have agreed in full with their employers for average wage hikes of 5.28%, the unionists said at a news conference. The Bank of Japan is also desperate to see wage hikes strong enough to achieve sustainable demand-driven inflation. To achieve wage hikes, Kishida's government is set to hold a joint meeting with labour and management on March 15 when the major shunto results are expected. Apart from those unions under UA Zensen, some other groups including automaker unions have also announced that labour's demands for higher pay have been met ahead of a March 15 deadline.

☆ EX-UK leader Boris Johnson nominates father for knighthood - report
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

The Times said Johnson had put forward as many as 100 names for awards. The newspaper did not specify what service Stanley Johnson's nomination was in acknowledgement of. All departing British leaders are entitled to draw up a "resignation honours" list that bestows knighthoods and other titles. Opposition Labour's health policy chief Wes Streeting told the BBC: "I think (his resignation honours list) speaks to a pattern of Boris Johnson's behaviour around cronyism." As prime minister, Johnson in 2020 elevated his brother Jo Johnson to the House of Lords, the upper chamber of parliament, where he has a seat for life.

☆ ECB confronts a cold reality: companies are cashing in on inflation
▼ + stars: | 2023-03-02 | by ( Francesco Canepa | ) www.reuters.com time to read: +9 min

"It's clear that profit expansion has played a larger role in the European inflation story in the last six months or so," said Paul Donovan, chief economist at UBS Global Wealth Management. "The ECB has failed to justify what it's doing in the context of a more profit-focused inflation story." Instead, national accounts and earnings reports from listed companies are being used as proxies to paint the inflation picture. "The main story of the risks going forward is still that there's a looming wage-price spiral which should make the central bank even more aggressive in hiking interest rates." loadingloadingEven inside the ECB, labour representatives demanding higher pay for central bank staff have distanced themselves from what they described as the institution's "anti-worker bias".

☆ UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfall
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +3 min

LONDON, Feb 5 (Reuters) - Former British prime minister Liz Truss blamed on Sunday the economic "orthodoxy" in the country's finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and "plan for growth". But she was not successful, she wrote, because she had underestimated "the blob of vested interests" and orthodoxy. "As I had spelled out during the leadership campaign, I wanted to go for growth ... But this was not in line with the instinctive views of the Treasury (finance ministry) or the wider orthodox economic ecosystem." Grant Shapps, business minister, said everyone wanted lower taxes but Prime Minister Rishi Sunak's government had to focus on reducing debt, bringing down inflation and boosting growth first.

WELLINGTON, Jan 25 (Reuters) - Labour leader Chris Hipkins was sworn in as New Zealand's prime minister in a formal ceremony on Wednesday, following the resignation of outgoing Prime Minister Jacinda Ardern last week. The Labour party elected former COVID-19 Response and Police minister Hipkins, 44, to lead the party and the country on Sunday. Hipkins and his deputy Carmel Sepuloni - the first person of Pacific Islander descent to hold the role - were then sworn in, in a ceremony lasting a few minutes. Hours later, Hipkins met with journalists after his first cabinet meeting as Prime Minister. Chris Hipkins speaks to members of the media, after being confirmed as the only nomination to replace Jacinda Ardern as leader of the Labour Party, outside New Zealand's parliament in Wellington, New Zealand January 21 2023.

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