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Grant Shapps has defended France’s position on the UK’s ‘amber plus’ travel list, saying the decision was made due to cases of the Beta coronavirus variant in the north of the country.

On Wednesday, Foreign Secretary Dominic Raab said the move was made because of the “prevalence of the so-called Beta variant, in particular in the Reunion bit of France“.

Reunion, a French island in the Indian Ocean, is 6,000 miles from Paris.

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French minister Clement Beaune said the UK government should use ‘common sense’ and review the matter ‘as quickly as possible’.


But the transport secretary told Kay Burley the variant is also “an issue” in northern parts of the country.

“The Beta variant, it is not just – as has been reported – on an island thousands of miles away, it was also an issue in particular in northern France. So it has been an overall concern,” Grant Shapps told Sky News.

“And look, the big concern is that we don’t allow a variant in which somehow is able to escape the vaccine programme that we have got.

“We don’t want to have got this far with vaccinations, with just getting towards 90% of all adults having been vaccinated, and then throw it all away because a variant that the vaccine perhaps couldn’t handle came in.

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“Now all the evidence on all of that has been pulled together – the latest research on how the vaccine works with the Beta variant, the scale of the Beta variant and France and the rest of it – and then these decisions will, of course, be constantly reviewed which is exactly what will happen.”

It comes after a French minister described the UK government’s decision to keep quarantine measures for travellers coming from France while removing them for all other European countries as “discriminatory” and “excessive”.

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The foreign secretary told Kay Burley more countries will soon be added to the amber and green travel lists.

Earlier this week, Mr Shapps confirmed England would allow fully vaccinated visitors from both the EU and the United States to arrive without needing to quarantine from 2 August.

But he added that tougher rules will continue to be in place for France, which, although on the amber list, still requires travellers to quarantine on their return regardless of their vaccine status.

Mr Shapps said this advice would be reviewed at “the end of next week” as part of an ongoing assessment of travel rules.

But French Europe minister Clement Beaune described the move as “incomprehensible on health grounds” and accused the UK government of making decisions “not based on science”.

“It’s excessive, and it’s frankly incomprehensible on health grounds,” Mr Beaune told French TV channel LCI.

“It’s not based on science and [it’s] discriminatory towards the French.”

Mr Beaune said the UK government should use “common sense” and review the matter “as quickly as possible”.

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Grant Shapps said the situation with France and other countries will be kept under review

He added that the French government are not planning to place any increased measures on British citizens “for now”.

When Mr Beaune’s comments were put to him on Sky News, Mr Shapps said he understood the disappointment but disagreed with the French minister’s claim that the UK government are not following the science with decision making.

“It is always disappointing for any country to be anything other than on our green list, I appreciate that,” the transport secretary said.

“I spoke to my opposite number Jean-Baptiste just yesterday and we agree we’ll always follow the science on these things and make sure as we can be satisfied over whichever the variants are and whatever the prevalence is that the Joint Biosecurity Centre recommendations to us are followed.”

Mr Shapps added that he is “looking forward to the whole world being more accessible”.

Currently, only people who received two vaccines in the UK can avoid quarantine when arriving from amber list countries.

The UK government said the rule change would help to reunite family and friends whose loved ones live abroad.

But this rule also does not apply to France.

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.

The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.

The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structure regulation,” a crypto investor said on X. 

Retirement, Pensions
The AFT letter to Congress opposes regulatory changes that would allow 401(k) retirement accounts to hold alternative assets, including cryptocurrency. Source: CNBC

In response to the letter, Castle Island Ventures partner Sean Judge said the bill would improve oversight and reduce systemic risk, while enabling pension funds to access an asset class that has delivered strong long-term returns.

Consensys attorney Bill Hughes said the AFT’s opposition to the crypto market structure bill was politically motivated, accusing the group of acting as an extension of Democratic lawmakers.

Retirement, Pensions
Funds held in US retirement accounts by type of account plan. Source: ICI

Related: Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026

Opposition to crypto in retirement and pension funds mounts

Proponents of allowing crypto in retirement portfolios, on the other hand, argue that it democratizes finance, while trade unions have voiced strong opposition to relaxing current regulations, claiming that crypto is too risky for traditional retirement plans.

“Unregulated, risky currencies and investments are not where we should put pensions and retirement savings. The wild, wild west is not what we need, whether it’s crypto, AI, or social media,” AFT president Randi Weingarten said on Thursday. 

The AFT represents 1.8 million teachers and educational professionals in the US and is one of the largest teachers’ unions in the country.

According to Better Markets, a nonprofit and nonpartisan advocacy organization, cryptocurrencies are too volatile for traditional retirement portfolios, and their high volatility can create time-horizon mismatches for pension investors seeking a predictable, low-volatility retirement plan.

Retirement, Pensions
Bitcoin and Ether volatility compared to other asset classes and stock indexes. Source: US Federal Reserve

In October, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) also wrote to Congress opposing provisions within the crypto market structure regulatory bill.

The AFL-CIO, the largest federation of trade unions in the US, wrote that cryptocurrencies are volatile and pose a systemic risk to pension funds and the broader financial system.

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