5 Things You Need To Know (9/5/17)
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. Jeremy Corbyn Won’t Quit As Labour Leader
Jeremy Corbyn has told Buzzfeed News that he won’t quit as Labour leader – even if the Conservatives win next month’s election.
Polls currently show Theresa May’s party winning by a 19 point margin. Nevertheless, Corbyn was reportedly “upbeat” when he told Buzzfeed’s Jim Waterson “I was elected leader of this party and I’ll stay leader of this party.”
2. Labour’s election launch
Labour officially launched their election campaign today, with the slogan “For The Many.”
Jeremy Corbyn promised his party will deliver a day of reckoning for “tax cheats, rip off bosses and greedy bankers.”
Despite saying Brexit is “settled”, Mr Corbyn later refused to commit to the BBC whether the UK would definitely leave the EU.
3. Theresa May will end “rip off” energy bills
Theresa May has vowed to end “rip off” energy bills, with a promise of a cap on standard variable tariffs.
The manifesto pledge is similar to Ed Miliband’s Labour policy during the 2015 election.
“First of all, we are Conservatives. We believe in free markets and competition, but we want to see competition working,” Mrs May told an election event in York.
4. Russian submarine in the UK channel
A Russian submarine has sailed through the UK channel, with a UK Royal Navy warship carefully shadowing the movement.
The process took place over the weekend, amid increased tensions between the west and Russia.
“Escorting foreign warships, in this case a Russian submarine, through UK waters is just part of our ongoing effort to protect our island nation,” Commander Tim Berry of the HMS Somerset said.
5. South Korean election
Exit polls are showing that Liberal candidate Moon Jae-in has won the South Korean presidential election, with 41.4% of the vote.
He has campaigned for greater dialogue with North Korea, which would be a significant change in the current South Korean policy. Tensions in the area are at a peak, with US President Donald Trump recently ramping up the rhetoric against North Korea.
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