News
Jeremy Miles’ Manifesto: Possible Benefits for Forex Traders
Jeremy Miles, the prominent figure vying for the position of Wales’ next first minister against Vaughan Gething, has recently revealed his comprehensive manifesto, outlining a vision for sustainable economic growth. His proposals include initiatives that cover a wide range of sectors, from housing and healthcare to education and transportation. While his proposed changes are intended to increase the well-being of Welsh citizens, the implications can extend to wider economic spheres, even affecting the forex (foreign exchange) market. As a forex trader, it’s essential to anticipate the market’s movement if Jeremy Miles becomes Wales’s first minister. Let’s take a closer look.
Homes and the Rent-To-Own Scheme
One of the key proposals from Jeremy Miles is the rent-to-own scheme, which will allow renters to become homeowners. Allowing individuals to transition from renters to homeowners by building up a lump sum towards a deposit while renting their home can increase the number of homeowners in Wales. The Shared Ownership scheme also allows individuals to buy property shares and pay rent on what remains.
The rent-to-own scheme can benefit those trading forex because it will stimulate activity in the real estate market, eventually affecting currency valuations tied to housing sectors. Increased demand for housing due to the rent-to-own scheme can lead to higher property prices and construction activity. These reflect economic conditions and investor sentiment that forex traders monitor.
Also, increased consumer spending on homeownership can increase currency value due to interest rates and inflation expectations. The changes in the real estate market can lead to positive developments like increased homeownership rates and stable housing markets, which attract foreign investment and improve investor sentiment and risk appetite.
Economic Changes and Business Support
Source: Suzy Hazelwood via Pexels
Jeremy Miles is also moving towards providing financial incentives for new and recent graduates to set up businesses in Wales. He will be pushing a ‘Make It In Wales’ campaign to attempt to bring Welsh people living in other countries back home. His focus is to create quality and sustainable jobs, innovate the rural economy, and place emphasis on AI, biotech and sustainability.
The incentives for entrepreneurship among graduates will lead to job creation and economic growth, which can impact currency movements. Entrepreneurship also has different economic benefits, including being advantageous to forex traders. This is because it leads to higher economic activity and consumer confidence, all of which are indicators for forex traders to consider.
It will also improve the balance of payments in Wales, which is a critical determinant of the currency value. As businesses expand and unemployment reduces, it leads to higher exports and lower imports and attracts foreign investments for a more robust local currency.
Education
Miles has highlighted the importance of education in his manifesto, as he aims to increase the standards and investment in schools. He has promised to increase the percentage of the Welsh government budget spent on schools.
This can benefit forex traders because increased spending on education can boost investor confidence in Wales as a sign of a government’s commitment to economic growth. With investors gaining confidence, they are more likely to invest in its currency, which can influence its standing in the forex market. A growing economy also leads to higher interest rates, attracting foreign capital that can benefit forex traders.
At the same time, it’s important to note that Miles’ plan to increase spending on education can lead to the Welsh government borrowing additional funds to finance these initiatives and impact inflation expectations, which will put downward pressure on the currency and affect forex traders in this way.
Transportation Infrastructure
Source: Burak The Weekender via Pexels
Furthermore, Miles emphasised the importance of investing in infrastructure, especially transportation. His plans include developing integrated rail and bus services and proposed initiatives to reduce congestion on major roadways.
Improving investment in transportation infrastructure can enhance connectivity and facilitate trade, which are indicators closely monitored by forex traders for their impact on currency values. Miles has mentioned that investment will be needed in rail and public transport and that he can finally use Wales’s fair share of the High Speed 2 (HS2) investment.
The expected increased investment in transportation infrastructure projects can influence the trade balances, which will appreciate the domestic currency and benefit forex traders.
UK Re-Joining the EU Single Market
Forex traders will be strongly impacted if Jeremy Miles achieves his goal of pushing the UK to rejoin the EU single market after the country left during Brexit. In his recent interviews, he supported the idea, saying that he would strongly advocate for this with Sir Keir Starmer, the labour leader, if he became the first minister of Wales.
The UK’s potential re-entry into the EU single market will be a positive development for forex traders, as it can make the GBP more stable and strengthen it against other currencies, boosting investor sentiment, economic growth and forex trades. However, remember that negotiating this can cause the currency market to be volatile in the interim.
Can Forex Traders Be Confident in Jeremy Miles’ Manifesto for Wales?
Jeremy Miles’ manifesto has outlined ambitious proposals to foster sustainable economic growth and solve societal challenges in Wales. The implications will extend to other economic spheres like the forex market. It’s recommended for forex traders to closely monitor the developments in Wales since, if Jeremy Miles wins, the potential impact on currency valuations and trading opportunities will be significant.
Education
Tenby school feasibility study confirms roof system failure
Safety concerns deepen as Cabinet prepares to discuss full roof replacement
SIGNIFICANT new detail has emerged about the structural issues affecting Tenby VC School, with a Pembrokeshire County Council feasibility study confirming that the building’s roof system has deteriorated to the point where only a full replacement will make the site safe.
Built in 2016, the school has suffered ongoing water ingress and damage to its Structural Insulated Panels. The council commissioned a detailed investigation earlier this year, which has now concluded that “Design Option 5” – a complete roof replacement – is the only viable long-term solution. Cabinet is due to consider the findings at its meeting on Monday (Nov 3).
Urgent health and safety measures remain in place at the site, including the installation of 510 acro props across affected sections of the building and the closure of the Early Years and playgroup wing. The council has confirmed that a full decant of pupils and staff will be required while construction takes place, with options for temporary accommodation currently being reviewed.
Routine monitoring is continuing on a half-termly basis, alongside monthly checks of the acro props. A further report setting out a full decant strategy is expected to come before Cabinet no later than January 2026.
Cllr Guy Woodham, Cabinet Member for Education and the Welsh Language, said the safety of pupils and staff remained the council’s priority. He added: “The findings of the feasibility study are clear. Only a full roof replacement will provide the secure and modern learning environment our children deserve. We are committed to working closely with the school community to minimise disruption and ensure continuity of education throughout the process.”
Further updates on the council’s decision and the decant arrangements will follow as more information becomes available.
Crime
Fire at newly opened Llandysul gym prompts police investigation
One person arrested; founders vow they will ‘reopen in no time’
A FIRE at a newly opened gym in Llandysul has led to the arrest of one person, with police treating the incident as suspected arson.
Emergency crews were called to Y Gampfa, the new fitness hub in the town, during the early hours of Thursday, November 13 – less than a fortnight after its official launch on November 1.
Dyfed-Powys Police have confirmed that one individual has been arrested and later released on bail while enquiries continue. Officers are urging anyone with information to come forward.
‘Deeply saddened but relieved no one was hurt’
Co-founder James Turner said the team had been left devastated by the incident so soon after opening.
“We are deeply saddened by what has happened to our recently launched Y Gampfa gym,” he said. “Most importantly, we are relieved that none of our staff or members were inside at the time. The damage is confined to the building and equipment, and no one was injured.”
The gym had attracted strong early interest, bolstered by support from fitness influencers Emily Olivia and Tyle Smith.
Founders determined to reopen
Co-founder Josh Farmer said the fire had hit the team hard but insisted the project would continue.
“This has been incredibly disheartening after the time, work and passion that went into creating a new wellbeing space for the community,” he said. “Because there is an active criminal investigation, we can’t discuss details, but we want to reassure members that Y Gampfa will reopen as soon as possible.”
The gym’s open day earlier this month drew hundreds of residents, and more than 200 members signed up within the first days of trading.
Co-founder Steffan Evans paid tribute to the community response.
“We’ve been overwhelmed by the support,” he said. “People’s messages, offers of help and encouragement show exactly why this place matters. We also want to thank the emergency services for their swift response.”
Fellow co-founder James Stewart added: “With the backing of our friends, families and the wider community, we are determined to rebuild. We look forward to welcoming everyone back as soon as we can.”
Police appeal
Anyone with information is asked to contact Dyfed-Powys Police on 101, or report anonymously via CrimeStoppers on 0800 555 111.
Y Gampfa opened earlier this month after being founded in 2025 by Steffan Evans, Josh Farmer, James Stewart and James Turner, all from the Teifi Valley, with the aim of offering an inclusive fitness space “where everyone belongs”.
Health
Urgent warning as fake NHS calls target GP patients
Scammers threaten to ‘remove people from practice lists’ in new phone fraud
A WARNING has been issued after reports of a new scam in which fraudsters pretend to be calling from the NHS, telling people they must “update their GP records” or risk being removed from their doctor’s patient list.
The automated calls appear to come from ordinary UK mobile numbers. Patients are told they must act immediately or face being struck off. Health officials have confirmed the calls are entirely fraudulent.
The NHS has stressed it will never phone patients to demand updates to their records, threaten removal from a GP list, or ask for personal or bank details.
Cybersecurity specialist Javvad Malik said the scam works because it plays on people’s trust and sense of urgency. “When you hear something about your GP records, it sounds official,” he said. “If you’re busy, you may react before you have the chance to think. Never share personal or payment details with an unsolicited caller.”
What to do if you receive one of these calls
• Do not respond to any of the instructions.
• Hang up straight away.
• Contact your GP practice using the number on its official website or your appointment letters.
• Never click on links or call any numbers given in a suspicious message.
If you have already engaged with the scam
• Tell your GP practice what happened so they can reassure you that no action is needed.
• If you disclosed bank information, contact your bank immediately.
• Change any passwords you reused and enable two-factor authentication.
• Report the incident to Action Fraud on 0300 123 2040.
• Be cautious of any further suspicious calls, texts or emails.
Patients across the UK are being urged to stay alert and warn family members, particularly older or vulnerable people, who may be more likely to engage with an automated call.
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