Connect with us

Published

on

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.

The education secretary’s comments come after the prime minister’s catch-up tsar Sir Kevan Collins last week resigned, claiming the government failed to provide enough money to fund a proper schools recovery plan.

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.

Sir Kevan Collins. Pic: PA/House of Commons
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.

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”.

Subscribe to the All Out Politics podcast on Apple Podcasts, Google Podcasts, Spotify, Spreaker

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”.

Continue Reading

Politics

Gensler separates Bitcoin from pack, calls most crypto ‘highly speculative’

Published

on

By

Gensler separates Bitcoin from pack, calls most crypto ‘highly speculative’

Former US Securities and Exchange Commission Chair Gary Gensler renewed his warning to investors about the risks of cryptocurrencies, calling most of the market “highly speculative” in a new Bloomberg interview on Tuesday.

He carved out Bitcoin (BTC) as comparatively closer to a commodity while stressing that most tokens don’t offer “a dividend” or “usual returns.”

Gensler framed the current market backdrop as a reckoning consistent with warnings he made while in office that the global public’s fascination with cryptocurrencies doesn’t equate to fundamentals.

“All the thousands of other tokens, not the stablecoins that are backed by US dollars, but all the thousands of other tokens, you have to ask yourself, what are the fundamentals? What’s underlying it… The investing public just needs to be aware of those risks,” he said.

Gensler’s record and industry backlash

Gensler led the SEC from April 17, 2021, to Jan. 20, 2025, overseeing an aggressive enforcement agenda that included lawsuits against major crypto intermediaries and the view that many tokens are unregistered securities.

Related: House Republicans to probe Gary Gensler’s deleted texts

The industry winced at high‑profile actions against exchanges and staking programs, as well as the posture that most token issuers fell afoul of registration rules.

Gary Gensler labels crypto as “highly speculative.” Source: Bloomberg

Under Gensler’s tenure, Coinbase was sued by the SEC for operating as an unregistered exchange, broker and clearing agency, and for offering an unregistered staking-as-a-service program. Kraken was also forced to shut its US staking program and pay a $30 million penalty.

The politicization of crypto

Pushed on the politicization of crypto, including references to the Trump family’s crypto involvement by the Bloomberg interviewer, the former chair rejected the framing.

“No, I don’t think so,” he said, arguing it’s more about capital markets fairness and “commonsense rules of the road,” than a “Democrat versus Republican thing.”

He added: “When you buy and sell a stock or a bond, you want to get various information,” and “the same treatment as the big investors.” That’s the fairness underpinning US capital markets.

Related: Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ cost

ETFs and the drift to centralization

On ETFs, Gensler said finance “ever since antiquity… goes toward centralization,” so it’s unsurprising that an ecosystem born decentralized has become “more integrated and more centralized.”

He noted that investors can already express themselves in gold and silver through exchange‑traded funds, and that during his tenure, the first US Bitcoin futures ETFs were approved, tying parts of crypto’s plumbing more closely to traditional markets.

Gensler’s latest comments draw a familiar line: Bitcoin sits in a different bucket, while most other tokens remain, in his view, speculative and light on fundamentals.

Even out of office, his framing will echo through courts, compliance desks and allocation committees weighing BTC’s status against persistent regulatory caution of altcoins.

Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise — Hunter Horsley