Wales' first minister hopes to 'jolt' Downing Street
The first minister said she would meet Sir Keir Starmer on Thursday - two days after she called on him to rethink some benefit cuts.
BBC Wales was later told a formal meeting had not been scheduled, but both leaders were taking part in VE Day commemorations in London.
Morgan gave a speech on Tuesday that in which she promised to follow a "red Welsh way", even if that meant criticising the UK government.
Labour's Welsh government also wants increased funding and for Wales to see more financial benefits from wind power.
Asked on BBC Radio Wales Breakfast why the UK government had not agreed to her demands yet, the first minister said: "Let's see if this will jolt them into action.
"They've only been in power for less than a year. They inherited a terrible legacy from the Tories and they've been trying to stabilise the ship in the face of some massive international political headwinds.
"So I understand why we haven't got to the top of the list yet, but I'm saying 'we need you to focus on us, we need you to deliver for us because we've been hard done for'."
With a year to go until the Senedd election she said "we know we've got work to do".
"We know we've got to focus on delivery. That's what I'm doing," she added.
Morgan told the programme: "I'll be meeting Keir Starmer tomorrow [Thursday] in London just to start that discussion of how they are going to help us to turn this around."
However, a spokesperson for the first minister later clarified that no formal separate meeting has been scheduled.
Both leaders are due to attend a VE Day service at Westminster Abbey.
When voters go to the polls Labour will be defending a 27-year record of leading Wales' devolved government.
During that time it has been responsible for the NHS, which has seen waiting times rise to record highs in the aftermath of the Covid pandemic.
Waiting lists were coming down thanks to a "huge injection" of cash from the UK government, the first minister said.
Plaid Cymru on Tuesday accused Morgan of making a "floundering" attempt to reset her first ministership.
The Welsh Conservatives said it was a "last ditch, desperate attempt to save the Labour party's bacon".
Reform, which is hoping to win its first seats in the Senedd next year, said Labour was "more focused on slogans than solutions".
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
41 minutes ago
- Bloomberg
Italians as Well Off as Brits Expose UK's Era of Stagnation
The UK economy has lost its edge over Italy and slipped further behind France over the past decade, according to per head gross domestic product figures that reveal a stark underperformance fueled by a population surge, high inflation and tepid growth. The findings will ring alarm bells in Keir Starmer's government, which is looking at how much the economy generates for each resident rather than aggregate output as a gauge of the living standards it has pledged to improve. GDP per capita was stagnant last year when Labour took office and fell in 2023.
Yahoo
5 hours ago
- Yahoo
GoPro Stock Is on the Move After Earnings. Here's Why.
Key Points GoPro posted another decline in revenue, and extended its streak of bottom-line losses. The company is struggling with the "yesterday's news" aspect of its hardware products. 10 stocks we like better than GoPro › GoPro (NASDAQ: GPRO), one of a clutch of 2025-edition meme stocks that surged in price earlier this summer, hasn't been going very far this week. On Monday evening, the company published its latest quarterly earnings report, and this sapped any energy left in that meme rally. The following day, the stock suffered a nearly 4% decline, and in reading that earnings report, we can see why. A fuzzy picture Firstly, in line with several previous quarters, GoPro again reported a significant decrease in revenue. Its top line eroded by 18% year-over-year to land at $153 million. That was due largely to sales of its core product, action cameras, sliding by 23% to roughly 500,000 units. Subscription and service revenue, a relatively small but critical contributor to the top line, went sideways at $26 million. On a brighter note, GoPro managed to trim its net loss under both GAAP and non-GAAP (adjusted) standards. The adjusted net shortfall was $12 million, or $0.08 per share, exactly two-thirds narrower than the $36 million loss in the year-ago period. Yet it remained stubbornly in the red on the bottom line. Despite the rather negative investor reaction, GoPro actually posted a mixed quarter with those headline figures. After all, it beat the consensus analyst estimate for revenue (of just over $146 million), although it slightly missed for adjusted net loss ($0.07). But as any seasoned investor is aware, the law of gravity frequently applies with stocks. What comes up must come down, and for a stock that flies high -- like GoPro did when it was tagged with emotion-driven meme stock status in mid-July -- the fall to earth can be sharp and sudden. GoPro's decline hasn't (yet) been steep and it's still up 20% year to date; likely the revenue beat and only slight bottom-line miss have something to do with that. The trend isn't a friend But since I'm a fundamentals-focused investor and analyst, I think it's important to tease out the dynamics behind GoPro's numbers. It wasn't so long ago that the company's innovative adventure cameras were all the rage, propelling the stock's popularity. Before the COVID pandemic, people were getting out into the world, and social media sites like Meta Platforms' Instagram offered suitable venues for broadcasting footage of mountain bike rides, ski runs, exploratory walks in foreign cities, etc. What happened to reverse that trend? In a word, smartphones. The world is now packed full of these devices, which are affordable to folks of even modest means. Wrap a smartphone in a reasonably tough, weatherproof case -- which isn't a considerable investment these days -- secure it somehow to your person, and instantly you have an action camera to document that cool axe-throwing session or bungee jump. Across its history, GoPro's cameras have won praise for their utility, ruggedness, and the quality of their output. Yet it's hard to justify spending, say, $360 for a HERO13 (without accessories) when that ever-convenient iPhone can deliver results that at least approach what you'd get from the GoPro. Plus, in this cluttered modern life of ours, who needs yet another device or subscription service? Artificial hopes? In my view, management has been doing what it can to get the growth train running. Years ago it did a fine job establishing that subscription and service revenue stream, which is holding steady (and producing plenty of the green stuff with that $26 million quarterly figure). More recently, just after the meme stock rally in the company began, it announced an opt-in artificial intelligence (AI) training program. In it, U.S. subscribers to GoPro services can volunteer to make their content available for AI developers to build and enhance their models. The company said it will share 50% of the license fees generated by such efforts, meaning it's in front of a new revenue source. Yet as exciting and high-potential as AI is, I doubt this and any other valiant revenue-boosting effort will turn around GoPro's fortunes. Dedicated action cameras are looking like the hot technology of the past, and since the company is still centered on this hardware, I think more declines are on the way -- ditto for those red bottom-line numbers. Should you invest $1,000 in GoPro right now? Before you buy stock in GoPro, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and GoPro wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy. GoPro Stock Is on the Move After Earnings. Here's Why. was originally published by The Motley Fool Sign in to access your portfolio
Epoch Times
6 hours ago
- Epoch Times
US Apartment Building Permits Fall 23 Percent From Pandemic Boom
Redfin reported on Aug. 15 that building permits for apartment construction in the United States declined by 23.1 percent since the COVID-19 pandemic period, ranging from 2020 to 2023. Using data from the Census Bureau, Redfin's analysis shows that developers across the United States had previously obtained permits to build an average of 12.8 multi-family housing units for every 10,000 people over the past year (between July 2024 and June 2025). That number represents a drop from the average 16.7 units per 10,000 reported during the pandemic period.
