Lumley urges government to meet ‘brave and loyal’ Gurkhas veterans staging hunger strike

Published

4 years ago

August 15, 2021

admin

Joanna Lumley has called on the government to meet the “brave and loyal” Gurkha veterans who are currently on hunger strike opposite Downing Street over their pensions.

Protesters have been camped in Whitehall for nine days now.

According to the Support Our Gurkhas website, the hunger strikers are campaigning for equal pensions for Gurkhas who retired before 1997 and are not eligible for a full UK Armed Forces pension.

The actress and campaigner said ministers “cannot praise our veterans to the high heavens when it suits them, but ignore them and condemn them to poverty when it doesn’t”.

Gurkhas are Nepalese-born soldiers who have been recruited into the British army since 1815, fighting most recently in Iraq, Afghanistan and the former Yugoslavia.

Ms Lumley led a successful campaign to get Gurkhas settlement rights in Britain.

The 75-year-old’s father was a major in the Gurkha Rifles and she was born in India and moved to England as a child.

She said: “Seeing such brave and loyal Gurkha British Army veterans feeling they have no option but to take the drastic step of entering a hunger strike will be deeply upsetting to the vast majority of the public who understand the special place that all veterans have in our hearts, in our thoughts and the life of the nation.

“Only a deep sense of injustice could drive these brave and respectful souls to this point.

“At the heart of this matter is how we value those who have offered, and sometimes given, the ultimate sacrifice to protect our way of life and to keep us safe.

“I urge the government to meet these veterans and to cut through the morass of detail surrounding the complexity of the various pension schemes and find some way to address the injustices highlighted.”

But defence minister Leo Docherty said the Gurkhas had declined to meet him.

“I was disappointed the Satyagraha protest group declined to meet with me and hope they will engage positively in the Gurkha veterans dialogue the Defence Secretary hosts in early September,” he said.

“We greatly value the contribution that Gurkhas make and consider the 1948 Gurkha Pension Scheme to be objectively fair and equitable, but I am always willing to speak with veterans and help resolve any such welfare concerns.”

Sky News has asked the Ministry of Defence for clarification on when the offer of a meeting was declined.

Defence Secretary Ben Wallace told Sky News on Friday that he was happy to meet the Gurkhas.

But in a sign that the government will not meet the demands of the protesters, he added that no government “of any colour” had made retrospective changes to pensions similar to the ones the Gurkhas are calling for.

“I am very happy to meet any Gurkha. My father fought alongside the Gurkhas in Malaya in the 1950s, it is a pretty remarkable group of people,” the defence secretary told Kay Burley.

“The group of people currently protesting are groups affected by the change by the Labour government in 1997 to 2003.

“This was about people who are under a 1947 pension, it is a very small group of Gurkha pensioners, they had different advantages in their pension scheme in that old scheme.

“That scheme said that you got it after 15 years when a British soldier got it after 22, but there is a difference and they feel that difference needs to be made up.

“That is not the same as the Gurkhas of today or the Gurkhas after 2003, they get exactly the same pensions as British serving personnel, but of course no government of any colour, Labour or Conservative, or coalition, has ever retrospectively changed pensions, that has not been the case.”

Gurkhas who served from 1948 to 2007 were members of the Gurkha Pension Scheme (GPS).

This was closed in 2007 and all serving Gurkhas or those who retired after 1 July 1997 were given the option of transferring to the Armed Forces Pension Scheme (AFPS).

The date 1 July 1997 is when the Gurkhas became based in the UK and no longer classified as a Far East-based force.

Under the GPS, Gurkhas qualify for an immediate pension after 15 years of service, while for armed forces as a whole it is 22 years.

This can mean some Gurkhas will have been receiving pension payments for more than 20 years before many British soldiers of the same rank and length of service qualify for payments as part of the AFPS.

The GPS was based on the Indian Army model and was designed for Gurkhas retiring back to Nepal, where the cost of living is much lower than in the UK.

However, many of those Gurkhas will have taken up the right to settle in the UK following the change of policy under the Labour government in 2009.

Pensions under the GPS were increased by between 10% and 34% in 2019, while £25m was invested in medical and healthcare facilities in Nepal for Gurkha veterans.

A public consultation on the latest changes to the scheme ended in March and the government is currently considering the size of the uplift that will be applied to the pensions.

The issue has been the subject of long-running campaigning over the years.

Responding to calls for reform in 2010, Labour defence minister Kevan Jones described the GPS as “good and fair” and said the MoD’s position on the matter was “legally and morally sound and beyond reproach”.

The exclusion of Gurkhas who served before 1 July 1997 has also been challenged in the courts, with the European Court of Human Rights ruling in 2016 that the move was “objectively and reasonably justified”.

Politics

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

Published

2 hours ago

May 9, 2025

admin

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry.

According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange.

That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down.

However, since Trump won the presidency in 2024, many lawmakers have accused the president of corruption from profiting off crypto while being in a position to influence laws and regulations over the industry.

Trump has launched his own memecoin — which earns the project millions of dollars in transaction fees — and offered the top tokenholders the opportunity to attend an exclusive dinner in Washington, DC. His family-backed crypto venture World Liberty Financial also recently announced that an Abu Dhabi-based investment firm, MGX, would settle a $2 billion investment in Binance using the platform’s USD1 stablecoin.

“Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies,” the senators said in the letter, according to Bloomberg.

Stablecoin bill fails to pass the US Senate

The letter came less than 24 hours after some of the same senators blocked a crucial vote on a bill to regulate stablecoins, named the GENIUS Act. Senator Elizabeth Warren, who reportedly signed the letter and opposed moving forward on the stablecoin bill, suggested the Senate should not be aligned with “facilitat[ing] this kind of corruption” from Trump.

Bessent said the Senate “missed an opportunity” by not passing the stablecoin bill, but did not directly address any of the concerns over Trump’s crypto interests. It’s unclear if or when the chamber could consider another vote on the bill.

In an April 23 report, the nonpartisan organization State Democracy Defenders Action said roughly 40% of Trump’s net worth was tied to crypto. The group noted that the GENIUS Act, in its current version, “would not prevent President Trump from using his executive powers to establish a regulatory environment and enforcement agenda that prioritizes his personal enrichment over the broader interests of US stakeholders.”

Amid the concerns with the stablecoin and proposed market structure bills, Zhao reportedly applied for a federal pardon from Trump. Though the former CEO already served four months in prison, a pardon for his felony charge could allow him to get more involved with the crypto industry through a management position.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Politics

Chancellor insists Labour rebels ‘know the welfare system needs reform’ as they push for change

Published

4 hours ago

May 9, 2025

admin

Chancellor insists Labour rebels 'know the welfare system needs reform' as they push for change

Chancellor Rachel Reeves has insisted that rebelling Labour MPs “know the welfare system needs reform” as the government faces a growing backlash over planned cuts.

Sir Keir Starmer is under pressure from Labour MPs, with about 40 in the Red Wall – the party’s traditional heartlands in the north of England – warning the prime minister’s welfare plan is “impossible to support” in its current form.

Dozens have thrown their support behind a letter urging the government to “delay” the proposals, which they blasted as “the biggest attack on the welfare state” since Tory austerity.

Follow live: UK-US trade deal

Ms Reeves on Friday reiterated her plans for reform, insisting that no-one, including Labour MPs and party members, “thinks that the current welfare system created by the Conservative Party is working today”.

She said: “They know that the system needs reform. We do need to reform how the welfare system works if we’re going to grow our economy.”

But, the chancellor added, if the government is going to lift people out of poverty “the focus has got to be on supporting people into work”.

“Of course if you can’t work, the welfare state must always be there for you, and with this government it will be,” she said.

The reforms, announced ahead of Ms Reeves’s spring statement in March, include cuts to Personal Independence Payments (PIP), one of the main types of disability benefit, and a hike in the universal credit standard allowance.

The government has claimed that changes to welfare will cut the budget by £4.8bn overall.

Separately, Downing Street refused on Friday to deny that Ms Reeves has consulted on potentially overhauling their winter fuel payment policy.

Labour’s unpopular decision to means-test the policy has taken the benefit away from millions of pensioners.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Ministers have faced pressure from their own backbenchers to rethink the policy in the wake of last week’s local election results, which saw Labour lose the Runcorn by-election and control of Doncaster Council to Reform UK.

Asked if the chancellor has discussed the winter fuel payment in private, the prime minister’s spokesperson said they would not give a running commentary.

Pushed again, Number 10 said a “range” of discussions take place in government – which is not a denial.

However, it is worth noting that when reports emerged earlier this week that Downing Street was reviewing the policy, the government strongly pushed back on that suggestion.

Politics

Taiwan lawmaker calls for Bitcoin reserve at national conference

Published

10 hours ago

May 9, 2025

admin

Taiwan lawmaker calls for Bitcoin reserve at national conference

Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.

Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.

In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.

Ko’s announcement came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.

Taiwan is an export-oriented economy

Ko highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.

“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.

In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great addition to Taiwan’s reserves for several reasons.

Law, Investments, Taiwan, Samson Mow, Policy, Bitcoin Reserve — *Ko Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese government before the Legislative Yuan. Source: Ko Ju-Chun*

“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,” he said.

Bitcoin is not the only solution

Referring to many global initiatives considering Bitcoin adoption as a reserve asset, Ko stressed that he’s not advocating for Bitcoin as the “only solution” to rising economic challenges.

Instead, the legislator suggested adding a “small proportion of Bitcoin” into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan’s financial system.

He previously suggested that Taiwan could allocate a maximum of 5% of its $50 billion reserve to Bitcoin in an X post on May 6.

“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:

“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”

The news comes as Taiwan is emerging as a crypto-friendly jurisdiction, with the Financial Supervisory Commission pushing institutional trials of crypto custody services in late 2024.

Mainland China continues to maintain its hostile stance on cryptocurrency after imposing a ban on multiple crypto activities, including mining, in 2021.

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K