The plastic patriots want to bring Britain down – we won’t let them

As members, activists, trade unionists, and politicians come together from across the country to fight for working people, we are laser-focused on whose side we’re on and who we’re delivering for. Because that is what phase two of this government is all about: delivery.

Our first year of government was about fixing the foundations and clearing up the mess the Tories left behind after 14 years of neglect and decline. In that time, we have made decisions that only a Labour government would make to change the lives of working people.

Free school meals for an extra half a million children, breakfast clubs, and 30 hours of free childcare will put cash in the pockets of parents, lift hundreds of thousands of children out of poverty, and make life easier for hard-working families.

Five million extra NHS appointments — more than double what we promised in our manifesto — will mean millions of patients will get the care they need, when they need it.

Boosting the minimum wage will ease the burden for the three million lowest-paid during a cost of living crisis.

These are vital changes. But it’s just the beginning, and there’s a lot more to do to get the country back on track for the long term.

That’s because our economy was left to stagnate for 14 years. Skills and training were neglected, and we didn’t build the infrastructure we needed for a modern era. Add that to regional inequality and the last government’s botched Brexit deal, and it’s no wonder many people still don’t feel this country works for them.

Living standards have stagnated, public services have been struggling for years, and small boats are still arriving on our shores.

That’s why we’ve moved into phase two of this government. Our focus remains the same, but we go further.

We are boosting living standards across the country, fixing our public services, getting the NHS fit for the future, and making sure people feel safe in their communities and know their borders are secure.

Our focus remains the same, but we go further.

So at conference, this autumn and beyond, The House readers can expect us to make the reforms we need to make Britain work for working people once more.

That is why we are putting our efforts into investment in training and opportunities, so young people can begin good, well-paid jobs and businesses have the skills they need.

We’re unveiling further plans to tackle regional inequality and ensure growth benefits every corner of the country.

We’ll be focused on building homes and infrastructure like transport and grids, so people have a good standard of living and opportunities across the nation.

And we’re investing in the technologies of the future, like AI, to make workforces more productive and improve people’s lives.

Because we must rewire the country to close the fairness gaps.

These are the gaps between hard work and reward, background, opportunity, and different parts of the country that hold people back.

There isn’t an overnight fix. These problems require solutions for the long term, not sticking plasters.

My government won’t pull that lever.

We have always rejected the politics of the easy answer that others bang the drum for.

On one side, we’ve got the plastic patriots who don’t just want to talk Britain down — they want to bring Britain down. They rely on anger and grievance, so they don’t want things to get better at all.

On the other, we have the plastic progressives who oppose green infrastructure, block housebuilding, and want to take us out of NATO in the most volatile global era in decades.

There is only one patriotic, progressive party: the Labour Party.

There is only one party on the side of working people: the Labour Party.

And there’s only one party that can put the country on the path to renewal and deliver the change people deserve: the Labour Party.

This party conference and beyond, the country will see us doing just that.

Keir Starmer is Prime Minister and Labour leader.
https://www.politicshome.com/opinion/article/plastic-patriots-want-bring-britain-wont-let

‘The picture is grim’: Conservative outlet flags ‘warning signs’ that GOP is losing ground

The GOP was riding high, but is now being anchored down by a “political dud,” according to a conservative outlet.

The Washington Examiner, widely considered to be right-wing, published a report on Saturday titled, “Chucks in luck? Warning signs ahead for Republicans in next year’s Senate races.”

Just a few months ago, Republicans were riding high, giddy after having passed the One Big Beautiful Bill Act into law. But as the saying goes, a few weeks can be an eternity in politics. And as autumn kicks in, it’s clear that cheer is turning into fear.

The weekend article states, “What gives? And what does it mean for the 2026 Senate races? As is usually the case with midterm elections in the Trump era, the answer is: ‘It’s complicated.'”

According to the report, there is one major concern for the Republicans.

“A big problem facing the GOP as 2026 draws near is that while the tax cuts in the GOP megabill should be popular, the legislation is overall proving to be a political dud with a 64% disapproval rating,” the article notes. This has prompted reports that President Donald Trump is looking to rebrand it as the “Working Families Tax Cut Bill.”

Some voters fret about Medicaid cuts hurting the poor. Others worry about the possibly adverse impact on hospitals. Additionally, many fear the debt and deficit implications.

The article adds, “Add to this that inflation sits higher than it was at the same point last year and about a percentage point above the Federal Reserve’s target rate, and it’s likely Republican Senate candidates will have to run with some semblance of an inflation anchor next year, just as former Vice President Kamala Harris did last year.”

Polling data supports this challenge, with 61% of those surveyed by The Economist and YouGov disapproving of Trump’s handling of inflation.

The situation appears grim, and this outlook does not even account for the historical trend that the party controlling the White House generally tends to do worse in the first midterm election of each presidency.

“Crazy though it may seem, the GOP could indeed be staring down a situation in which Sen. Chuck Schumer (D-NY) ends up back in charge and gridlock once again becomes the name of the game in Washington, D.C.,” the Washington Examiner concludes.
https://www.rawstory.com/gop-picture-is-grim-2026/

High US tariffs pose risk to India’s growth: Crisil

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence has highlighted significant risks to India’s economic growth due to the high tariffs imposed by the US on Indian goods. These tariffs are expected to impact both Indian exports and investments adversely. However, the report also notes that domestic consumption is likely to remain a key driver of growth, supported by low inflation and prospective rate cuts.

**GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of FY25-26, up from 7.4% during the same period last year. Despite this positive momentum, nominal GDP growth slowed to 8.8% compared to 10.8% in the previous year, according to Crisil Intelligence.

On the inflation front, the report forecasts that the consumer price index (CPI) inflation will ease to 3.5% in the current fiscal year, down from 4.6% last year. This moderation in inflation is expected to provide further support to economic stability.

**Factors Influencing Inflation Control**

Robust agricultural growth is anticipated to keep food inflation under control, although the full impact of recent excess rainfall is yet to be assessed. Additionally, lower crude oil prices and stable global commodity prices are expected to help contain non-food inflation. These factors combined are likely to play a crucial role in managing India’s inflation rates over the coming months.

**Policy Outlook: RBI Rate Cut Expected**

On the monetary policy front, Crisil Intelligence predicts that the Reserve Bank of India (RBI) will implement one more rate cut during this fiscal year, followed by a pause to assess the effects. Between February and June 2025, the RBI’s Monetary Policy Committee had already cut the repo rate by 100 basis points. The central bank is currently awaiting the full transmission of these previous cuts before making further adjustments to interest rates.

*In summary, while high US tariffs present challenges for India’s growth through their impact on trade and investment, domestic factors such as controlled inflation and accommodative monetary policy are expected to sustain economic momentum in the near term.*
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

High US tariffs pose risk to India’s growth: Crisil

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence has highlighted that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September 2025 report emphasizes that these tariffs are likely to affect both Indian exports and investments negatively.

However, despite these challenges, domestic consumption is expected to remain the key driver of growth, supported by low inflation levels and anticipated rate cuts by the Reserve Bank of India (RBI).

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, up from 7.4% in the same quarter last year. Meanwhile, nominal GDP growth slowed to 8.8% compared to 10.8% during the corresponding period in the previous fiscal year, according to Crisil Intelligence.

On the inflation front, the report projects consumer price index (CPI) inflation to ease to 3.5% this fiscal year, down from 4.6% last year.

**Inflation Control: Factors Influencing Rates**

Robust agricultural growth is expected to help keep food inflation under control. However, the full impact of recent excess rainfall on agricultural output remains to be seen. Additionally, declining crude oil prices and stable global commodity prices are anticipated to contain non-food inflation, further aiding in the moderation of overall inflation rates in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

On the monetary policy front, Crisil Intelligence forecasts that the RBI will introduce one more rate cut during the current fiscal year, followed by a pause. The central bank’s monetary policy committee had already reduced the repo rate by 100 basis points between February and June 2025. The RBI is now expected to await the complete transmission of these cuts before deciding on any further interest rate adjustments.

*In summary, while high US tariffs present challenges to India’s export and investment sectors, strong domestic consumption, controlled inflation, and accommodative monetary policy are likely to support the country’s economic growth in the near term.*
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

High US tariffs pose risk to India’s growth: Crisil

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence highlights that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September report cautions that these tariffs may adversely affect both Indian exports and investments.

However, the report also offers a positive outlook, noting that domestic consumption is expected to drive growth going forward. This optimism is supported by low inflation levels and anticipated rate cuts.

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, rising from 7.4% in the same period last year. Despite this, nominal GDP growth slowed to 8.8% compared to 10.8% in the previous year for the same quarter, according to Crisil Intelligence.

On the inflation front, the report projects that consumer price index (CPI) inflation will ease to 3.5% in the current fiscal year, down from last year’s 4.6%.

**Inflation Control: Factors Influencing Inflation Rates**

The report emphasizes that robust agricultural growth is expected to help keep food inflation in check, though the full impact of recent excess rainfall is still under evaluation.

Additionally, lower crude oil prices and stable global commodity prices are likely to contain non-food inflation. These combined factors will play a crucial role in managing inflation in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

Regarding monetary policy, Crisil Intelligence anticipates that the Reserve Bank of India (RBI) will implement one more rate cut during the current fiscal year, followed by a pause.

The RBI’s Monetary Policy Committee had already cut the repo rate by 100 basis points between February and June 2025. The central bank is now expected to wait for the full transmission of these past cuts before making any further decisions on interest rates.

In summary, while high US tariffs present notable challenges to India’s economic growth, strong domestic consumption, controlled inflation, and supportive monetary policy are poised to sustain India’s growth momentum in the near term.
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

Finance Ministry Issues Advisory To RBI & Other Financial Institutions To Stop Wasteful Expenses Like Festival Gifts To Curb Non-Essential Expenditure

**Finance Ministry Advises Against Festival Gifts to Promote Fiscal Discipline Ahead of Diwali**

*New Delhi:* Ahead of Diwali, the Finance Ministry has issued an advisory to all financial institutions, including the Reserve Bank of India, urging them to stop wasteful expenditure such as festival gifts. This move aims to promote fiscal discipline and curb non-essential spending.

Citing an advisory from the Department of Public Enterprises (DPE), the Department of Financial Services (DFS) has directed entities under its administrative control to adhere to this guideline, sources confirmed.

The advisory emerges at a time when the government is actively trying to boost consumption and encourage public spending. Earlier this year, as part of Budget 2025-26, the government provided income tax relief targeting the middle class to stimulate consumption.

Additionally, the government has reduced the Goods and Services Tax (GST) on approximately 375 items through the next-generation GST 2.0 reforms. These reduced rates came into effect from September 22.

According to government estimates, the combined impact of the tax rate cuts and GST 2.0 reforms is expected to add around Rs 2.2 lakh crore to India’s GDP, which is approaching the USD 4 trillion mark. These measures also help mitigate the effects of a steep 50 percent tariff imposed last month by the U.S. Administration on shipments from India.

As part of these efforts, the government is also celebrating the GST Bachat Utsav across the country.

Government-run institutions are among the largest consumers and significantly influence demand, especially during festive seasons. However, the DFS, quoting the DPE advisory, has instructed that no expenditure should be incurred on gifts or related items for Diwali and other festivals by Ministries, Departments, and other organs of the Government of India.

The advisory emphasizes the importance of promoting fiscal prudence and responsible use of public resources. “It has been noticed that there is a prevailing practice of incurring expenditure on gifts on the occasion of Diwali and other festivals in certain Central Public Sector Enterprises (CPSEs),” the DPE advisory dated September 19 stated.

“In the interest of economy and judicious utilization of public resources, it is imperative that such expenditure be discontinued. Accordingly, all CPSEs are requested not to incur expenditure on gifts, etc., for any festival,” the advisory added.

*Disclaimer: This story is from a syndicated feed. Only the headline has been edited.*
https://www.freepressjournal.in/business/finance-ministry-issues-advisory-to-rbi-other-financial-institutions-to-stop-wasteful-expenses-like-festival-gifts-to-curb-non-essential-expenditure

BTC Plunges Below $10.9K in ‘Waterfall’ Drop — Crypto Market Cap Falls to $3.82T as Trump Announces New Tariffs

The cryptocurrency market experienced a pronounced waterfall decline on September 26, with Bitcoin (BTC) briefly falling below $10,900. This represented a loss of over 4% in 24 hours and contributed to a slide in the total market capitalization to approximately $3.823 trillion, down more than 4.5% within the same period.

Seven-day metrics indicate continued downside momentum, with BTC down about 6.32%, Ethereum (ETH) declining over 14%, and the TOTAL3 index (which excludes BTC and ETH) dropping roughly 9.30%.

On the macroeconomic front, recent reports reveal that the administration announced a package of tariffs set to take effect on October 1. These measures include tariffs on heavyduty trucks, furniture, cabinets, and pharmaceutical imports.

Traders and risk managers are advised to closely monitor liquidity and volatility as the markets digest these developments and adjust their positions accordingly.

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https://bitcoinethereumnews.com/bitcoin/btc-plunges-below-10-9k-in-waterfall-drop-crypto-market-cap-falls-to-3-82t-as-trump-announces-new-tariffs/?utm_source=rss&utm_medium=rss&utm_campaign=btc-plunges-below-10-9k-in-waterfall-drop-crypto-market-cap-falls-to-3-82t-as-trump-announces-new-tariffs

Wheat Posts Thursday Gains

The wheat complex saw some slight strength across the three markets into Thursday’s close. Chicago SRW futures were fractionally to 3 cents higher on the day in most contracts, with a few deferred contracts down 14 cents. KC HRW contracts were up 12 to 1 ½ cents in the nearbys and steady to 14 cents lower in the back months. MPLS spring wheat posted gains of 1 to 2 ½ cents.

Weekly Export Sales data was released this morning, showing export bookings for wheat at 532,885 MT, up 5.71% from last week and on the higher side of trade estimates, which ranged from 350,000 to 650,000 MT. The top buyer was Mexico with 169,600 MT, followed by South Korea purchasing 86,000 MT, and unknown destinations accounting for 80,500 MT.

In international developments, Russia is proposing a new international grain exchange among the BRICS countries. The plan, unveiled at this week’s summit, is expected to take several years to implement.

On the futures board for December 2024 contracts:
– CBOT Wheat closed at $5.81 ½, up 3 cents
– KCBT Wheat closed at $5.87, up 1 ½ cents
– MGEX Wheat closed at $6.18, up 2 ½ cents

For March 2025 contracts:
– CBOT Wheat closed at $6.00 ¾, up 2 ½ cents
– KCBT Wheat closed at $6.01 ¼, up 1 cent
– MGEX Wheat closed at $6.39 ¾, up 2 ¼ cents

*Disclaimer:* On the date of publication, Austin Schroeder did not hold positions, either directly or indirectly, in any of the securities mentioned in this article. All information and data provided herein are for informational purposes only.

For more information, please view the Barchart Disclosure Policy [here](https://www.barchart.com/disclaimer).

The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/wheat-posts-thursday-gains

PM Modi : AK-203 rifles production starts soon in UP, strengthens Make In India

“Our armed forces aspire to achieve self-reliance and minimise dependence on external sources. To this end, we are dedicated to developing a robust defence infrastructure within India, with a strong emphasis on ensuring that every component is proudly ‘Made in India’,” said Prime Minister Narendra Modi.

He added that to support this vision, a thriving ecosystem is being fostered, with Uttar Pradesh playing a pivotal role in this initiative. In line with these efforts, the production of AK-203 rifles will soon commence in a factory established with assistance from Russia.

A Defence Corridor is also being developed in Uttar Pradesh, where manufacturing of BrahMos missiles and other weapon systems has already begun, the Prime Minister noted.

The trade show, held under the theme “Ultimate Sourcing Begins Here,” is scheduled from September 25 to 29. It has three core objectives: innovation, integration, and internationalisation. A three-pronged buyer strategy is targeting international buyers, domestic Business-to-Business (B2B) buyers, and domestic Business-to-Consumer (B2C) buyers, providing opportunities for exporters, small businesses, and consumers alike.

UPITS-2025 highlights the state’s diverse craft traditions, modern industries, robust MSMEs, and emerging entrepreneurs, all showcased on a single platform.

PM Modi also highlighted the benefits of the GST reforms, stating that ordinary families will see significant monthly savings. He criticised Congress over its criticism of the GST reform campaign, saying, “To hide their pre-2014 failures, Congress and its allies are lying to the people. We have increased the income and savings of the people of India. We are not going to stop here. As we continue to strengthen our economy, we will continue to reduce taxes. The process of GST reforms will go on continuously.”

In response, Congress pointed out that Narendra Modi had opposed the GST taxation model when he was Chief Minister of Gujarat. Congress leader Jairam Ramesh remarked, “From 2006-2014, for eight years, only one CM opposed the GST, and that CM became the Prime Minister in 2014 and took a U-turn and emerged as a messiah of GST in 2017.”

The BJP responded by saying that the Congress-led government’s rule was marked by “only talks and no work,” accusing the party of resorting to “lies.”

*This story has been sourced from a third-party syndicated feed/ agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.*
https://www.mid-day.com/news/india-news/article/pm-modi–ak203-rifles-production-to-start-in-uttar-pradesh-boosting-make-in-india-defence-drive-23595747

Gold & Silver Retreat from Peaks Amid Federal Reserve’s Rate Cut Uncertainty

New Delhi: Gold and silver prices pulled back from their record highs in futures trading on Wednesday as traders booked profits at elevated levels, dragging the precious metals lower. Markets were also digesting cautious remarks from US Federal Reserve Chair Jerome Powell regarding the outlook for potential interest rate cuts.

On the Multi Commodity Exchange (MCX), gold futures for October delivery dropped Rs 408, or 0.36%, to Rs 1,13,428 per 10 grams. This came after the metal hit an all-time high of Rs 1,14,179 per 10 grams on Tuesday. Similarly, the December contract for gold fell Rs 353, or 0.31%, to Rs 1,14,486 per 10 grams following a lifetime peak of Rs 1,15,139 per 10 grams.

Silver futures also eased, retreating from their recent highs amid profit-taking. The white metal futures for December delivery slipped Rs 221, or 0.16%, to Rs 1,34,841 per kilogram. The March contract for next year shed Rs 121, or 0.09%, to Rs 1,36,271 per kilogram.

Globally, bullion prices retreated from historic peaks. Gold futures for December delivery traded 0.44% lower at USD 3,799.07 per ounce, after touching a record high of USD 3,824.60 per ounce on Tuesday. Silver futures for December delivery also slipped 0.44%, settling at USD 44.41 per ounce.

Commodities market experts attributed the decline primarily to profit-taking and caution following Federal Reserve Chair Jerome Powell’s remarks. Powell emphasized that there is no “risk-free path” for monetary policy. He warned that cutting rates too aggressively could force the Fed to reverse course if inflation continues, while holding policy restrictive for too long could harm the labor market.

On Tuesday, Powell reiterated a balanced approach to monetary easing, cautioning that cutting rates too quickly might risk leaving “the inflation job unfinished,” whereas delaying easing for too long could unnecessarily weaken the labor market. He added that current policy remains “modestly restrictive,” allowing the Fed some room to respond to changing economic conditions.

Last week, the US central bank lowered its benchmark rate by 25 basis points. Market participants are currently pricing in the likelihood of two additional reductions before the end of the year, a factor that helped cap losses for bullion.

Meanwhile, heightened geopolitical tensions in Eastern Europe and the Middle East supported safe-haven demand, limiting the downside for gold and silver prices, analysts noted.

*Disclaimer: This story is from a syndicated feed. No changes have been made except to the headline.*
https://www.freepressjournal.in/business/gold-silver-retreat-from-peaks-amid-federal-reserves-rate-cut-uncertainty