The government continues to “pledge significant packages of investment” to help pupils catch up on missed learning due to the pandemic, Gavin Williamson has claimed.
Sky News understands the proposal put to the Treasury to help schools recover from lost learning during the COVID crisis was worth around £15bn, with 100 extra hours of teaching per pupil.
A £1.4bn package was unveiled by ministers last Wednesday, with the plans denounced as a “damp squib” by unions.
Image: Sir Kevan Collins quit last week as the PM’s catch-up tsar. Pic: PA/House of Commons
Mr Williamson said on Monday that the total recovery package is now worth more than £3bn, including £1bn that will be spent on tutoring courses particularly for pupils from disadvantaged backgrounds.
Advertisement
He claimed the fund would help close the attainment gap between disadvantaged children and their peers.
In the Commons, the education secretary promised a “tutoring revolution” that would result in six million 15-hour tutoring courses for schoolchildren and two million 15-hour courses for 16 to 19-year-olds who need additional support to catch up.
More from Politics
And he said year 13 pupils would have the option for repeating their final year “where this is appropriate”.
He claimed the evidence showed one course of high-quality tutoring had been proven to boost attainment by three to five months so additional tutoring will be “vital” for young people in recovering the teaching hours lost over the past year.
He told MPs: “Helping our children recover from the impact of the pandemic is an absolute priority. Pupils, parents and staff have all experienced disruption and we know that continuous actions are required to help recover lost learning.”
He said 250,000 children would receive tutoring this year who would not have had access to it previously, and more than 500,000 would be able to attend summer schools.
Mr Williamson continued “The evidence we have shows that disadvantaged children and those who live in areas that have been particularly hard hit by high COVID rates such as the North East of England and Yorkshire are among those whose learning is most likely to have been affected.
“We have always been clear and will continue to take the action that is required. This is why we continue to pledge significant packages of investment and targeted intervention to help them make up on their lost learning.”
Mr Williamson also thanked Sir Kevan following his departure for “his contribution to these efforts”.
Labour’s shadow education secretary, Kate Green, told the Commons: “The government failed children and young people.
“They were promised that their education was the prime minister’s number one priority but they’ve been betrayed by a secretary of state who has let them down once again, and by a prime minister who won’t lift a finger for them when it comes to a row with the chancellor about prioritising the investment needed in their future.
“I was frankly embarrassed to hear the Secretary of State proclaim that the funding announced last week would deliver a revolution – from what his government announced it’ll amount to just £50 per pupil for the next three years compared to £1,600 in the USA, £2,500 in the Netherlands.”
Mr Williamson claimed Labour had opposed nearly all of the government’s education reforms, adding that the opposition would “merely parrot what the union paymasters ask it to do”.
Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets.
Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507.
It has since rebounded to around $94,209, CoinGecko data shows.
Bitcoin’s price information, including the change in price since Jan. 1, 2025. Source: CoinGecko
This year was tipped to be a strong one for the crypto markets after US President Donald Trump was inaugurated on Jan. 20 and formed the most pro-crypto administration to date, which has followed through on most of his promises.
However, Trump’s war on tariffs and the US government shutdown — the latter of which ended on Thursday after a record 43 days — have contributed to multiple double-digit Bitcoin price pullbacks throughout the year.
Bitcoin whales have also slowed price rallies
Another key catalyst seen behind Bitcoin’s price slump has been OG Bitcoiners and whales selling off portions of their holdings, compressing upside even in light of positive industry developments.
However, Glassnode analysts last week said the “OG Whales Dumping” Bitcoin narrative isn’t as strong as it is made out to be, explaining that it is “normal bull-market behaviour,” particularly during the late stages of bull runs.
“This steady rise reflects increasing distribution pressure from older investor cohorts — a pattern typical of late-cycle profit-taking, not a sudden exodus of whales.”
Bitcoin isn’t alone — Ether (ETH) and Solana (SOL) are down 7.95% and 28.3% respectively from the start of 2025, while most altcoins have been hit even harder.
Four-year cycle thesis still not in effect, analyst says
Industry analysts are also speculating whether the four-year cycle thesis remains in effect, despite the crypto markets having far more institutional and regulatory backing compared to earlier market cycles.
Bitwise chief investment officer Matt Hougan is one of a few analysts who believe Bitcoin will boom in 2026 due to the “debasement trade” thesis playing out, while the broader markets will benefit from increased adoption in stablecoin, tokenization and decentralized finance.
“I think the underlying fundamentals are just so sound,” Hougan said last Wednesday.
“I just think those are too big to keep down. So I think 2026 will be a good year.”
Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income.
The figure marks an increase of more than 300% compared to the same period last year, which stood at $40 million, local news outlet Chosun Biz reported, citing regulatory filings with the Financial Supervisory Service.
The filing reportedly showed strong momentum across all key metrics. Consolidated revenue climbed to $266 million, up 35% from the previous quarter, while operating profit rose 54% to $162 million. Net income also jumped 145% quarter-over-quarter from $67 million.
The company attributed its improved performance to rising trading activity as global digital asset markets rebounded through 2024 and 2025.
Dunamu said investor confidence received a boost following regulatory developments in the United States, including the passage of the Genius Act, the Clarity Act and the Anti-CBDC Bill. These measures, the company said, contributed to renewed institutional participation and steadier market conditions.
Dunamu has faced heightened reporting requirements since 2022, when it was added to the list of corporations subject to external audit due to having more than 500 shareholders.
Notably, several major crypto firms experienced a revenue increase last quarter. Bitcoin mining company TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter revenue from the previous year.
As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu. Naver reportedly plans to bring Dunamu in as a subsidiary through a share swap, with board approvals expected soon.
Upbit Korea is the largest crypto exchange in South Korea in terms of trading volume and customer base, according to CoinMarketCap.
Many Labour MPs have been left shellshocked after the chaotic political self-sabotage of the past week.
Bafflement, anger, disappointment, and sheer frustration are all on relatively open display at the circular firing squad which seems to have surrounded the prime minister.
The botched effort to flush out backroom plotters and force Wes Streeting to declare his loyalty ahead of the budget has instead led even previously loyal Starmerites to predict the PM could be forced out of office before the local elections in May.
“We have so many councillors coming up for election across the country,” one says, “and at the moment it looks like they’re going to be wiped out. That’s our base – we just can’t afford to lose them. I like Keir [Starmer] but there’s only a limited window left to turn things around. There’s a real question of urgency.”
Another criticised a “boys club” at No 10 who they claimed have “undermined” the prime minister and “forgotten they’re meant to be serving the British people.”
There’s clearly widespread muttering about what to do next – and even a degree of enviousness at the lack of a regicidal 1922 committee mechanism, as enjoyed by the Tories.
“Leadership speculation is destabilising,” one said. “But there’s really no obvious strategy. Andy Burnham isn’t even an MP. You’d need a stalking horse candidate and we don’t have one. There’s no 1922. It’s very messy.”
More on Labour
Related Topics:
Please use Chrome browser for a more accessible video player
0:54
Starmer’s faithfuls are ‘losing faith’
Others are gunning for the chancellor after months of careful pitch-rolling for manifesto-breaching tax rises in the budget were ripped up overnight.
“Her career is toast,” one told me. “Rachel has just lost all credibility. She screwed up on the manifesto. She screwed up on the last two fiscal events, costing the party huge amounts of support and leaving the economy stagnating.
“Having now walked everyone up the mountain of tax rises and made us vote to support them on the opposition day debate two days ago, she’s now worried her job is at risk and has bottled it.
“Talk to any major business or investor and they are holding off investing in the UK until it is clear what the UK’s tax policy is going to be, putting us in a situation where the chancellor is going to have to go through this all over again in six months – which just means no real economic growth for another six months.”
Please use Chrome browser for a more accessible video player
After less than 18 months in office, the government is stuck in a political morass largely of its own making.
Treasury sources have belatedly argued that the chancellor’s pre-budget change of heart on income tax is down to better-than-expected economic forecasts from the Office for Budget Responsibility.
That should be a cause of celebration. The question is whether she and the PM are now too damaged to make that case to the country – and rescue their benighted prospects.