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Greater Manchester and Lancashire are to receive a “strengthened package of support” to tackle a rise in the Delta coronavirus variant, Matt Hancock has announced – with residents told to minimise travel.

Addressing the Commons, the health secretary said: “I can tell the House that today, working with local authorities, we are providing a strengthened package of support based on what is working in Bolton to help Greater Manchester and Lancashire tackle the rise in the Delta variant that we are seeing there.”

On the government’s website, the ‘minimise travel’ page has also been updated to include areas in Greater Manchester and Lancashire.

It states: “In the areas listed above, wherever possible, you should try to meet outside rather than inside where possible, keep two metres apart from people that you don’t live with (unless you have formed a support bubble with them) – this includes friends and family you don’t live with, minimise travel in and out of affected areas.”

Matt Hancock
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Matt Hancock told MPs extra testing will be rolled out in Greater Manchester and Lancashire

The support package announced on Tuesday includes:

• Rapid response teams

• Extra testing

More on Covid-19

• Military support

• Supervised in-school testing

Mr Hancock told the Commons: “I want to encourage everyone in Manchester and Lancashire to get the tests on offer.

“We know that this approach can work. We’ve seen it work in south London and in Bolton in stopping a rise in the number of cases and this is the next stage of tackling the pandemic in Manchester and in Lancashire.

“And of course, it is vital that people in these areas as everywhere else come forward and get the jab as soon as they are eligible because that is our way out of this pandemic together.”

COVID mobile testing site
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Residents in Greater Manchester and Lancashire are being told to get tested twice a week for free

Other areas where the new COVID-19 variant is spreading include Bedford, Blackburn with Darwen, Kirklees, Leicester, Hounslow and North Tyneside.

As with residents of Greater Manchester and Lancashire, people in the areas above are advised by the government to try and meet outside, keep two metres apart and minimise travel.

Individuals are also advised to continue to work from home if they can and to get tested twice a week.

Mr Hancock announced the update in the Commons after briefing the relevant MPs on Tuesday morning.

It comes less than two weeks before 21 June, the government’s proposed date for the next relaxation of restrictions.

Responding to the announcement made by Mr Hancock in the Commons, the PM’s official spokesman said: “We want to provide the package of support that has been effective in Bolton to a wider area to tackle the cases of the Delta variant.”

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The Indian (Delta) variant of COVID-19 is 40% more transmissible than the Kent (Alpha) strain, Matt Hancock has told Sky News.

At the weekend, Matt Hancock told Sky News the Indian variant of coronavirus makes the decision about lifting lockdown restrictions on 21 June “more difficult”.

The new COVID-19 variant, also known as the Delta variant, is 40% more transmissible than the Kent (Alpha) strain, the health secretary said, leaving the easing of social distancing in the balance for the original target date.

It comes as government figures released on Tuesday show nearly a third of secondary school pupils in Bolton were absent for COVID-related reasons on the week before half-term.

In the North West of England, Covid-19 related pupil absence was 4% on May 27, compared to the national average of 1.8%, according to the statistics,

This was predominantly due to an increase in cases of coronavirus in Bolton and Blackburn with Darwen, the Department for Education (DfE) analysis said.

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Starmer warns of ‘lost decade of kids’ – as he launches 10-year youth plan

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Starmer warns of 'lost decade of kids' - as he launches 10-year youth plan

Sir Keir Starmer has declared it his “moral mission” to “turn the tide on the lost decade of young kids left as collateral damage”.

The government launches its 10-year youth plan today, which has pledged £500m to reviving youth services.

Culture Secretary Lisa Nandy has also warned that young people are now “the most isolated in generations” and face challenges that are “urgent and demand a major change in direction”.

But despite the strong language, the Conservatives have warned that “under Labour, the outlook for the next generation is increasingly bleak”.

Lisa Nandy is on Sky News from 7am – follow live

Launching the 10-year strategy, Sir Keir said: “As a dad and as prime minister, I believe it is our generation’s greatest responsibility to turn the tide on the lost decade of young kids left as collateral damage. It is our moral mission.

“Today, my government sets out a clear, ambitious and deliverable plan – investing in the next generation so that every child has the chance to see their talents take them as far as their ability can.”

What’s in the government’s strategy?

Under the plans, the government will seek to give 500,000 more young people across England access to a trusted adult outside their homes – who are assigned through a formal programme – and online resources about staying safe.

The prime minister said the plans will also “ensure” that those who choose to do apprenticeships rather than go to university “will have the same respect and opportunity as everyone else”.

OTHER MEASURES INCLUDE

  • Creating 70 “young futures” hubs by March 2029, as part of a £70m programme to provide access to youth workers – the first eight of these will open by March next year;
  • Establishing a £60m Richer Young Lives fund to support organisations in “underserved” areas to deliver high-quality youth work and activities;
  • Improving wellbeing, personal development and life skills through a new £22.5m programme of support around the school day – which will operate in up to 400 schools;
  • Investing £15m to recruit and train youth workers, volunteers and “trusted adults”;
  • Improving youth services by putting £5m into local partnerships, information-sharing and digital tech.

The plan comes following a so-called “state of the nation” survey commissioned by Ms Nandy, which heard from more than 14,000 young people across England.

Launching the strategy, she said: “Young people have been crystal clear in speaking up in our consultation: they need support for their mental health, spaces to meet with people in their communities and real opportunities to thrive. We will give them what they want.”

Read more:
Child poverty strategy launched
Young people may lose benefits

Lisa Nandy will speak about the plan on Sky News on Wednesday morning. Pic: PA
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Lisa Nandy will speak about the plan on Sky News on Wednesday morning. Pic: PA

But the Conservatives have criticised the government for scrapping the National Citizen Service (NCS), which ended in March this year.

Shadow culture secretary Nigel Huddlestone said “any renewed investment in youth services is of course welcome”, but said Labour’s “economic mismanagement and tax hikes are forcing businesses to close, shrinking opportunities while inflation continues to climb”.

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US bank regulator clears national banks to facilitate crypto transactions

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US bank regulator clears national banks to facilitate crypto transactions

The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks a step closer to offering regulated crypto brokerage services.

In an interpretive letter released on Tuesday, the regulator said banks may act as principals in a crypto trade with one customer while simultaneously entering an offsetting trade with another, a structure that mirrors riskless principal activity in traditional markets. 

“Several applicants have discussed how conducting riskless principal crypto-asset transactions would benefit their proposed bank’s customers and business, including by offering additional services in a growing market,” notes the document.

According to the OCC, the move would allow customers “to transact crypto-assets through a regulated bank, as compared to non-regulated or less regulated options.”

Banks, United States, Donald Trump
The OCC’s interpretive letter affirms that riskless principal crypto transactions fall within the “business of banking.” Source: US OCC

The letter also reiterates that banks must confirm the legal permissibility of any crypto activity and ensure it aligns with their chartered powers. Institutions are expected to maintain procedures for monitoring operational, compliance and market risks.

“The main risk in riskless principal transactions is counterparty credit risk (in particular, settlement risk),” reads the letter, adding that “managing counterparty credit risk is integral to the business of banking, and banks are experienced in managing this risk.”

The agency’s guidance cites 12 U.S.C. § 24, which permits national banks to conduct riskless principal transactions as part of the “business of banking.” The letter also draws a distinction between crypto assets that qualify as securities, noting that riskless principal transactions involving securities were already clearly permissible under existing law.

The OCC’s interpretive letter — a nonbinding guidance that outlines the agency’s view of which activities national banks may conduct under existing law — was issued a day after the head of the OCC, Jonathan Gould, said crypto firms seeking a federal bank charter should be treated the same as traditional financial institutions.

According to Gould, the banking system has the “capacity to evolve,” and there is “no justification for considering digital assets differently” than traditional banks, which have offered custody services “electronically for decades.”

Related: Trump’s national security strategy is silent on crypto, blockchain

From ‘Choke Point 2.0’ to pro-crypto policy

Under the Biden administration, some industry groups and lawmakers accused US regulators of pursuing an “Operation Choke Point 2.0” approach that increased supervisory pressure on banks and firms interacting with crypto.

Since President Trump took office in January after pledging to support the sector, the federal government has moved in the opposite direction, adopting a more permissive posture toward digital asset activity.

Magazine: Quantum attacking Bitcoin would be a waste of time: Kevin O’Leary