Latest news with #IFS
Powys County Times
19 hours ago
- Business
- Powys County Times
Starmer says he does not need ‘lessons' from Farage on working people
Sir Keir Starmer said he does not need 'lessons' from Nigel Farage on what life is like for working people as he took aim at the Reform UK leader and dodged questions about the two-child benefit cap. The Prime Minister launched a series of attacks on Mr Farage, saying that he wanted to 'protect' working people from what his party would do after they set out policy plans earlier this week. Sir Keir said Mr Farage's plans to spend 'billions upon billions upon billions, tens of billions of pounds, in an unfunded way' was an 'exact repeat of what Liz Truss did'. Speaking during a visit to a glass factory in the North West, the Prime Minister said the Clacton MP would not have protected jobs in industries subject to tariffs from the US. 'Can you trust him? Can you trust him with your future? Can you trust him with your jobs? Can you trust him with your mortgages, your pensions, your bills? And he gave the answer on Tuesday. A resounding no,' he said. Mr Farage had pitched Reform UK as the 'the party of working people' rather than Labour, and accused Sir Keir of having no connection to the working class. Sir Keir rejected this, saying: 'I know what it means to work 10 hours a day in a factory five days a week, and I know that because that is what my dad did every single working day of his life, and that's what I grew up with. 'So I don't need lessons from Nigel Farage about the issues that matter most to working people in this country.' Sir Keir dodged questions about whether he would like to get rid of the two-child benefit cap, saying he was looking at 'all options' to drive down child poverty. It came after Mr Farage had confirmed his party's support for scrapping the two-child benefit cap and fully reversing the winter fuel payment cuts. Asked why he was focusing so much on Reform UK, the Prime Minister said the Conservative Party has 'run out of road'. He said the choice for voters was now between Labour and Reform UK as he sought to draw comparisons between Mr Farage's economic proposals and the mini-budget from short-lived Tory prime minister Ms Truss that spooked the financial markets in 2022 and led to a spike in mortgage rates. The Institute for Fiscal Studies (IFS) said Reform UK's pledge to increase the income tax personal allowance to £20,000 a year could cost between £50 billion and £80 billion a year. The IFS's deputy director Helen Miller said the announcements on winter fuel payments and the two-child benefit cap were 'dwarfed' by the change to income tax personal allowance. Kevin Hollinrake, the shadow local government secretary, said the Prime Minister has 'problems wherever he looks'. He told Sky News: 'The public's lost interest in Labour. I mean, I don't think they were ever popular at the despatch box – we were just unpopular, and we've got a big job to do on that particular score, but I believe we can do it. 'But also Reform, the 'red wall' as we call it, the working class voters, have completely lost faith in Keir Starmer and (Chancellor) Rachel Reeves and others, not least because of the disgraceful stripping away of the winter fuel allowance.' Sir Keir is also facing danger from dissatisfied backbenchers, he said. 'So I can understand, he's trying to basically aim his fire all around him. It'll end up in a circular firing squad, I think, and it looks very bad for the Prime Minister right now.'
South Wales Guardian
19 hours ago
- Business
- South Wales Guardian
Starmer says he does not need ‘lessons' from Farage on working people
The Prime Minister launched a series of attacks on Mr Farage, saying that he wanted to 'protect' working people from what his party would do after they set out policy plans earlier this week. Sir Keir said Mr Farage's plans to spend 'billions upon billions upon billions, tens of billions of pounds, in an unfunded way' was an 'exact repeat of what Liz Truss did'. Speaking during a visit to a glass factory in the North West, the Prime Minister said the Clacton MP would not have protected jobs in industries subject to tariffs from the US. Prime Minister Sir Keir Starmer highlighted his working class background (James Speakman/PA) 'Can you trust him? Can you trust him with your future? Can you trust him with your jobs? Can you trust him with your mortgages, your pensions, your bills? And he gave the answer on Tuesday. A resounding no,' he said. Mr Farage had pitched Reform UK as the 'the party of working people' rather than Labour, and accused Sir Keir of having no connection to the working class. Sir Keir rejected this, saying: 'I know what it means to work 10 hours a day in a factory five days a week, and I know that because that is what my dad did every single working day of his life, and that's what I grew up with. 'So I don't need lessons from Nigel Farage about the issues that matter most to working people in this country.' Sir Keir dodged questions about whether he would like to get rid of the two-child benefit cap, saying he was looking at 'all options' to drive down child poverty. It came after Mr Farage had confirmed his party's support for scrapping the two-child benefit cap and fully reversing the winter fuel payment cuts. Asked why he was focusing so much on Reform UK, the Prime Minister said the Conservative Party has 'run out of road'. He said the choice for voters was now between Labour and Reform UK as he sought to draw comparisons between Mr Farage's economic proposals and the mini-budget from short-lived Tory prime minister Ms Truss that spooked the financial markets in 2022 and led to a spike in mortgage rates. The Institute for Fiscal Studies (IFS) said Reform UK's pledge to increase the income tax personal allowance to £20,000 a year could cost between £50 billion and £80 billion a year. The IFS's deputy director Helen Miller said the announcements on winter fuel payments and the two-child benefit cap were 'dwarfed' by the change to income tax personal allowance. The Prime Minister urged voters to reject the policies of Reform UK leader Nigel Farage (Ben Whitley/PA) Kevin Hollinrake, the shadow local government secretary, said the Prime Minister has 'problems wherever he looks'. He told Sky News: 'The public's lost interest in Labour. I mean, I don't think they were ever popular at the despatch box – we were just unpopular, and we've got a big job to do on that particular score, but I believe we can do it. 'But also Reform, the 'red wall' as we call it, the working class voters, have completely lost faith in Keir Starmer and (Chancellor) Rachel Reeves and others, not least because of the disgraceful stripping away of the winter fuel allowance.' Sir Keir is also facing danger from dissatisfied backbenchers, he said. 'So I can understand, he's trying to basically aim his fire all around him. It'll end up in a circular firing squad, I think, and it looks very bad for the Prime Minister right now.'
Yahoo
19 hours ago
- Business
- Yahoo
Starmer says he does not need ‘lessons' from Farage on working people
Sir Keir Starmer said he does not need 'lessons' from Nigel Farage on what life is like for working people as he took aim at the Reform UK leader and dodged questions about the two-child benefit cap. The Prime Minister launched a series of attacks on Mr Farage, saying that he wanted to 'protect' working people from what his party would do after they set out policy plans earlier this week. Sir Keir said Mr Farage's plans to spend 'billions upon billions upon billions, tens of billions of pounds, in an unfunded way' was an 'exact repeat of what Liz Truss did'. Speaking during a visit to a glass factory in the North West, the Prime Minister said the Clacton MP would not have protected jobs in industries subject to tariffs from the US. 'Can you trust him? Can you trust him with your future? Can you trust him with your jobs? Can you trust him with your mortgages, your pensions, your bills? And he gave the answer on Tuesday. A resounding no,' he said. Mr Farage had pitched Reform UK as the 'the party of working people' rather than Labour, and accused Sir Keir of having no connection to the working class. Sir Keir rejected this, saying: 'I know what it means to work 10 hours a day in a factory five days a week, and I know that because that is what my dad did every single working day of his life, and that's what I grew up with. 'So I don't need lessons from Nigel Farage about the issues that matter most to working people in this country.' Sir Keir dodged questions about whether he would like to get rid of the two-child benefit cap, saying he was looking at 'all options' to drive down child poverty. It came after Mr Farage had confirmed his party's support for scrapping the two-child benefit cap and fully reversing the winter fuel payment cuts. Asked why he was focusing so much on Reform UK, the Prime Minister said the Conservative Party has 'run out of road'. He said the choice for voters was now between Labour and Reform UK as he sought to draw comparisons between Mr Farage's economic proposals and the mini-budget from short-lived Tory prime minister Ms Truss that spooked the financial markets in 2022 and led to a spike in mortgage rates. The Institute for Fiscal Studies (IFS) said Reform UK's pledge to increase the income tax personal allowance to £20,000 a year could cost between £50 billion and £80 billion a year. The IFS's deputy director Helen Miller said the announcements on winter fuel payments and the two-child benefit cap were 'dwarfed' by the change to income tax personal allowance. Kevin Hollinrake, the shadow local government secretary, said the Prime Minister has 'problems wherever he looks'. He told Sky News: 'The public's lost interest in Labour. I mean, I don't think they were ever popular at the despatch box – we were just unpopular, and we've got a big job to do on that particular score, but I believe we can do it. 'But also Reform, the 'red wall' as we call it, the working class voters, have completely lost faith in Keir Starmer and (Chancellor) Rachel Reeves and others, not least because of the disgraceful stripping away of the winter fuel allowance.' Sir Keir is also facing danger from dissatisfied backbenchers, he said. 'So I can understand, he's trying to basically aim his fire all around him. It'll end up in a circular firing squad, I think, and it looks very bad for the Prime Minister right now.' Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
TECHx
21 hours ago
- Business
- TECHx
AI Software IFS Unveils Nexus Black for Industry
Home » Emerging technologies » Artificial Intelligence » IFS Unveils Nexus Black AI Software for Industry IFS, a leading provider of enterprise cloud and AI software, has announced the launch of IFS Nexus Black™ . This new strategic innovation program aims to accelerate high-impact AI adoption across industrial sectors. The company revealed that Nexus Black offers an alternative to legacy software vendors. It delivers tailored solutions with industrial-grade scalability and security. According to IFS, Nexus Black blends advanced AI technologies with deep industrial context. A dedicated delivery team partners directly with customers to address complex challenges in asset-heavy industries. The program is built on the foundation. It enables fast development and deployment of AI capabilities, transforming ideas into real results within weeks. IFS reported that the Nexus Black offering includes: Agile, sprint-based co-creation and prototyping using a scalable, secure development model A four-phase structure: Problem Definition, Proof of Value, Accelerated Development, and Digital Continuity Access to skilled AI engineers, domain experts, and solution architects with deep industrial expertise Nexus Black also focuses on agentic AI and contextual intelligence. The goal is to deliver trusted AI directly into live operations—quickly and securely. Mark Moffat, CEO of IFS, stated that businesses often face a choice between rigid tools and niche AI vendors with limited scalability. 'Nexus Black changes that,' he said. 'It reflects IFS's commitment to rapid, high-impact AI innovation for leading industrial organizations.' Matt Kempson, SVP, Commercial at IFS, added that AI features like co-pilots and embedded agents are now standard. 'What sets IFS apart is how we apply AI – rapidly, with deep industrial context,' he noted. 'Nexus Black lets us engage directly with complex challenges and turn innovation into scalable results.' The company also announced a co-investment model. This allows customers early access to capabilities and input into solution design. Reported initial use cases include predictive maintenance, manufacturing scheduling, AI co-pilots for service and sales, and automation for finance and supply chain. IFS confirmed that Nexus Black engagements are customized and expert-led. Interested organizations are advised to contact their IFS account manager for further discussions.
BreakingNews.ie
a day ago
- Business
- BreakingNews.ie
Starmer: Farage's ‘fantasy' economics will lead to Liz Truss-style meltdown
Nigel Farage's 'fantasy' economics will lead to a Liz Truss-style economic meltdown, Sir Keir Starmer will warn, after the Reform UK leader set out his party's proposed policies. The UK prime minister is expected to urge the public to reject Reform UK's calls to use 'family finances' as a gambling chip on 'unfunded' tax cuts. Advertisement This comes after the Institute for Fiscal Studies (IFS) said the party's pledge to increase the income tax personal allowance to £20,000 a year could cost between £50 to £80 billion a year. Reform UK leader Nigel Farage (Ben Whitley/PA) Speaking at a press conference in central London on Tuesday, Mr Farage said his measures were 'aimed at British families' as he announced plans to scrap the two-child benefit cap and fully reverse the winter fuel payment cuts. Responding to Mr Farage's speech, IFS deputy director Helen Miller said the announcements on winter fuel payments and the two-child benefit cap were 'dwarfed' by the change to income tax personal allowance. On a visit to meet workers at a manufacturing business in the North West, Mr Starmer is expected to brand Mr Farage's policies a 'mad experiment'. Advertisement He will say: 'In opposition we said Liz Truss would crash the economy and leave you to pick the bill. We were right. 'And we were elected to fix that mess. 'Now in Government, we are once again fighting the same fantasy – this time from Nigel Farage. 'Farage is making the exact same bet Liz Truss did. Advertisement 'That you can spend tens of billions on tax cuts without a proper way of paying for it. 'And just like Truss, he is using your family finances, your mortgage, your bills as a gambling chip on his mad experiment. 'The result will be the same. 'Liz Truss bet the house and lost. Advertisement '£45 billion in unfunded tax cuts, with no means to pay for them. 'Markets reacted, the economy tanked and we're all still paying the price for mortgages, rents and bills that spiralled out of control. 'I won't let that happen. 'Labour's Plan for Change has stabilised the economy, with growth at the fastest rate in the G7 this year, four cuts to interest rates, and a pay boost for 3.5 million low paid workers.' Advertisement Short-lived Conservative prime minister Ms Truss' mini-budget spooked the financial markets in 2022 and led to a spike in mortgage rates.
