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Jeremy Miles’ Manifesto: Possible Benefits for Forex Traders

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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.

News

Angle RNLI launch stood down after false distress beacon alert

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ANGLE RNLI were paged at 10:47am this morning after an EPIRB (Emergency Position Indicating Radio Beacon) was triggered on a local fishing vessel in the Dale Roads area.

Dale Coastguard Rescue Team was also tasked to investigate the alert.

As the lifeboat crew prepared to launch, further checks by HM Coastguard — along with direct contact from the vessel’s skipper — confirmed the beacon had been activated accidentally.

With no-one found to be in difficulty, the launch was cancelled.

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Business

Cardiff Airport announces special Air France flights for Six Nations

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Direct services to Paris-Charles de Gaulle launched to cater for Welsh supporters, French fans and couples planning a Valentine’s getaway

CARDIFF AIRPORT and Air France have unveiled a series of special direct flights between Cardiff (CWL) and Paris-Charles de Gaulle (CDG) scheduled for February 2026.

Timed to coincide with two major dates — the Wales v France Six Nations clash on Saturday 15 February and Valentine’s weekend — the flights are designed to offer supporters and holidaymakers an easy link between the two capitals.

For travelling French rugby fans, the services provide a straightforward route into Wales ahead of match day at the Principality Stadium, when Cardiff will once again be transformed by the colour, noise and passion that accompanies one of the tournament’s most eagerly awaited fixtures.

For Welsh passengers, the additional flights offer a seamless escape to Paris for Valentine’s Day, as well as opportunities for short breaks and onward travel via Air France’s wider global network.

Cardiff Airport CEO Jon Bridge said: “We’re thrilled to offer direct flights to such a vibrant and exciting city for Valentine’s weekend. Cardiff Airport is expanding its reach and giving customers fantastic travel options. We’ve listened to passenger demand and are delighted to make this opportunity possible. There is more to come from Cardiff.”

Tickets are already on sale via the Air France website and through travel agents.

Special flight schedule

Paris (CDG) → Cardiff (CWL):

  • 13 February 2026: AF4148 departs 17:00 (arrives 17:30)
  • 14 February 2026: AF4148 departs 14:00 (arrives 14:30)
  • 15 February 2026: AF4148 departs 08:00 (arrives 08:30)
  • 15 February 2026: AF4150 departs 19:40 (arrives 20:10)
  • 16 February 2026: AF4148 departs 08:00 (arrives 08:30)
  • 16 February 2026: AF4150 departs 16:30 (arrives 17:00)

Cardiff (CWL) → Paris (CDG):

  • 13 February 2026: AF4149 departs 18:20 (arrives 20:50)
  • 14 February 2026: AF4149 departs 15:20 (arrives 17:50)
  • 15 February 2026: AF4149 departs 09:20 (arrives 11:50)
  • 15 February 2026: AF4151 departs 21:00 (arrives 23:30)
  • 16 February 2026: AF4149 departs 09:20 (arrives 11:50)
  • 16 February 2026: AF4151 departs 17:50 (arrives 20:20)
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Crime

Mother admits “terrible idea” to let new partner change her baby’s nappies alone

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Court hears from timid mother who was barely audible in the witness box who said she carried out no checks to establish whether Phillips was safe to be around her child

A MOTHER who cannot be named for legal reasons gave evidence yesterday in the trial of Christopher Phillips, the man accused of physically and sexually assaulting her infant son – referred to as Baby C – and causing him life-changing injuries in January 2021.

Phillips, 37 at the time, had been in a relationship with the mother for only a few weeks when Baby C, then around 10 weeks old, suffered catastrophic anal injuries at a flat in Haverfordwest, Pembrokeshire. The child was rushed to Glangwili Hospital in the early hours of January 24 and survived, but the harm was permanent. Phillips denies 11 counts of sexual penetration of a child under 13, four counts of causing grievous bodily harm with intent, and one count of assault occasioning actual bodily harm, all between December 20, 2020, and January 25, 2021. The mother denies two charges of causing or allowing a child to suffer serious physical harm and two charges of child cruelty by neglect.

The prosecution alleges that Phillips deliberately inflicted the injuries while alone with the baby during nappy changes, using a finger coated in Sudocrem as lubricant on multiple occasions, leading to escalating harm including blood in the nappies and ultimately a massive tear and prolapse. A central part of their case is that the mother repeatedly allowed Phillips unsupervised access to her son – including taking him into another room to change his nappy and shut the door – despite knowing very little about him and despite behaviour that should have raised alarm, such as his insistence on privacy and her own unease.

Late on Thursday morning (Dec 4), under lengthy and forceful cross-examination by Caroline Rees KC, prosecuting, the mother appeared composed but spoke so quietly and timidly that people in court struggled to hear her answers. She conceded point after point:

  • She carried out no checks to establish whether Phillips was safe to be around her child.
  • She allowed him to be alone with Baby C from the very start of January 2021 (possibly even before 2 January).
  • She ignored her own concerns and permitted Phillips to shut the door while changing the baby’s nappy, telling her not to enter or accusing her of “micromanaging”.
  • She accepted that this had exposed her son to “a massive risk” and had been “a terrible idea”.

The mother explained that Phillips had said he wanted to learn nappy-changing because he “never got the chance” with his own child. She initially stayed in the room but soon permitted him to take Baby C into a separate room alone. She also recounted noticing odd details during changes, such as Phillips having Sudocrem around his finger “as if it had come from a pot” – despite her not owning a pot of the cream – and him leaving the room without putting the baby’s babygro back on after fastening the nappy, which immediately struck her as wrong. A few days earlier, she had discovered extensive bruising to the baby’s bottom, a swollen testicle and blood in his nappy, prompting her to confide in family and seek medical advice, though Phillips became angry when she mentioned the appointments.

Key moments from the cross-examination

Caroline Rees KC: “You took no steps whatsoever to keep Baby C safe, did you?” Mother (barely audible): “No.”

Caroline Rees KC: “You did absolutely nothing to keep him safe, did you?” Mother: “No.”

When His Honour Judge Paul Thomas KC asked her to clarify for the jury why she let Phillips change the baby alone, she confirmed:

“I wasn’t allowed in the room. If I tried to go in he would accuse me of micromanaging.”

She said this made her feel “annoyed”, but she “ignored it”.

Caroline Rees KC put it directly to the mother:

  • “The signs were all there, weren’t they?”
  • “It was a terrible idea, wasn’t it?”
  • “You could have stopped it at any time – by doing the changes yourself or by ending the relationship.”
  • “This man wanted to have your baby on his own more than is normal.”

The mother eventually accepted each proposition, agreeing that:

  • Allowing Phillips to change the baby alone had been “a terrible idea”;
  • The warning signs that she should have stopped it were present;
  • Phillips’ desire to be alone with her son was greater than normal.

She admitted she had been “keen to have company” and had tolerated behaviour she should never have accepted.

Legal matters will be dealt with tomorrow morning only. Closing speeches are expected to continue into Monday.

The trial continues.

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