Connect with us

Published

on

Gavin Williamson has been sacked as education secretary in a cabinet reshuffle that has also seen Dominic Raab removed from the Foreign Office.

Mr Raab, who had been heavily criticised for his handling of the Afghanistan crisis while foreign secretary, will now become justice secretary and deputy prime minister.

He has been replaced as foreign secretary by Liz Truss, who was formerly the international trade secretary.

Mr Raab’s change of roles is the most high-profile move in a reshuffle of cabinet ministers being carried out on Wednesday by Prime Minister Boris Johnson.

Latest reshuffle news as PM shakes up top team

File photo dated 17/08/20 of former Secretary of State for Education Gavin Williamson in his office at the Department of Education in Westminster, London. Mr Williamson said it "has been a privilege to serve as Education Secretary" and that he looks "forward to continuing to support the Prime Minister and the Government" as Boris Johnson carries out his Cabinet reshuffle. Issue date: Wednesday September 15, 2021.
Image:
Gavin Williamson has been sacked as education secretary

Earlier, Number 10 confirmed Mr Williamson had been removed as education secretary, while Robert Buckland and Robert Jenrick have also departed their roles as justice secretary and housing, communities and local government secretary, respectively.

All three have left the government entirely, with Mr Williamson being replaced by Nadhim Zahawi, who was previously the COVID vaccines minister.

More on Boris Johnson

Mr Jenrick will be replaced by Michael Gove, with Downing Street saying the long-time minister will also take on “cross-government responsibility for levelling up”.

Mr Gove has become the fourth secretary of state at the Ministry of Housing, Communities and Local Government since its rebrand in 2018.

Amanda Milling was another victim of the reshuffle, as she left her role as Conservative Party co-chair less than three weeks before the Tory conference in Manchester.

It follows the Conservatives’ recent loss in the Chesham and Amersham by-election and a failure to take the Batley and Spen seat off Labour.

Ms Milling will be replaced by Mr Dowden, who will also become a Cabinet Office minister after moving from his job as culture secretary.

Nadine Dorries, who has written a number of novels and previously appeared on TV show I’m A Celebrity, has replaced Mr Dowden as culture secretary after moving from her role as a health minister.

Britain's new Foreign Secretary Liz Truss leaves 10 Downing Street, in London, Wednesday, Sept. 15, 2021. Liz Truss replaced Dominic Raab as foreign secretary in a cabinet reshuffle by British Prime Minister Boris Johnson on Wednesday.
PIC:AP
Image:
Liz Truss has replaced Mr Raab as foreign secretary

The criticism of Mr Raab’s handling of the Afghanistan crisis included anger at his decision to take a summer holiday as the country fell to the Taliban.

There were also reports of tensions between Mr Raab’s Foreign Office and the Ministry of Defence during the air evacuation of British nationals and eligible Afghans from Kabul last month.

In 2020, Mr Raab deputised for Mr Johnson while the prime minister was treated in intensive care with COVID-19.

And he will now formally take on the role as deputy prime minister after the position was revived by Mr Johnson.

The last deputy prime minister prior to Mr Raab was former Liberal Democrat leader Nick Clegg as part of the coalition government.

Mr Raab, a former lawyer, has also been appointed the sixth justice secretary in six years as he replaces Mr Buckland.

In a Twitter post on Wednesday afternoon in which he revealed his departure from the cabinet, Mr Williamson said it had “been a privilege to serve as education secretary since 2019” and that he was “particularly proud of the transformational reforms I’ve led in post-16 education”.

He added he would “look forward to continue to support the prime minister and the government”.

Mr Williamson had faced regular criticism of his handling of the education brief during the COVID-19 crisis, including over the pandemic-enforced shutting of schools and a fiasco over the awarding of A-level and GCSE grades.

Last week, Mr Williamson was widely mocked after he admitted to confusing England footballer Marcus Rashford with rugby star Maro Itoje.

As a former Tory chief whip, Mr Williamson was widely credited with securing the vast support for Mr Johnson among Conservative MPs during the party’s 2019 leadership contest.

He was previously campaign manager for Theresa May’s successful leadership campaign and – with a reputation as one of Westminster’s most formidable organisers – it has been suggested he could prove to be a threat to Mr Johnson on the back benches.

Housing Secretary Robert Jenrick arrives at BBC Broadcasting House in London to appear on the Andrew Marr show. Labour has demanded a top-level investigation into Communities Secretary Robert Jenrick, over how Government funding was allocated to his Newark constituency.
 11-Oct-2020
Image:
Robert Jenrick was last year at the centre of a row over a Tory donor’s planning approval

It is the second time Mr Williamson has been sacked from government, following his departure as defence secretary in 2019 over a row about the leaking of information about Huawei’s involvement in the UK’s 5G network.

Mr Buckland also posted on Twitter to confirm his departure from cabinet.

He said he was looking to “the next adventure” and that he was “deeply proud of everything I have achieved” after serving in government for the past seven years.

Mr Jenrick, who last year was at the centre of a row over planning approval granted to a Conservative donor, tweeted that it had been a “huge privilege” to have led the Ministry of Housing, Communities and Local Government (MHCLG).

“Thank you to everyone at the department for their hard work, dedication and friendship. I’m deeply proud of all we achieved,” he added.

“I will continue to support the prime minister and the government in every way I can.”

The prime minister is expected to complete the reshuffle of his cabinet today, with changes to lower ministerial ranks to be finalised on Thursday.

Confirmation that Mr Johnson would hold a widely-anticipated reshuffle of his ministers came during Wednesday’s session of Prime Minister’s Questions.

A Number 10 source said Mr Johnson would look to “put in place a strong and united team” to help the country recover from the COVID pandemic.

FILE IMAGE  - Britain's Secretary of State of Justice Robert Buckland arrives at Downing Street in London, Britain, February 25, 2020.
Image:
Robert Buckland had served as justice secretary since 2019

They also said the prime minister was looking for his government to “redouble our efforts to deliver on the people’s priorities” and Mr Johnson would appoint ministers “with a focus on uniting and levelling up the whole country”.

At a briefing for Westminster journalists, the prime minister’s official spokesman said Mr Johnson had not consulted his wife Carrie on the reshuffle.

Earlier in the day, Mr Johnson’s former chief adviser Dominic Cummings had branded the imminent moving of ministers as the “Carrie Reshuffle”.

Labour deputy leader Angela Rayner welcomed Mr Williamson’s removal as education secretary, but added: “He should have been sacked over a year ago.

“That prat’s absolute idiocy, failures and uselessness have damaged the life chances of our country’s children and this government has failed young people, teachers and education staff.”

Continue Reading

Politics

Binance tightens South African compliance rules for crypto transfers

Published

on

By

Binance tightens South African compliance rules for crypto transfers

Binance tightens South African compliance rules for crypto transfers

Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.

In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands.

Starting April 30, Binance users in South Africa will be prompted to provide additional information when transferring crypto.

For deposits, users must disclose the sender’s full name, country of residence, and, if applicable, the name of the originating crypto exchange. Similarly, withdrawals will require beneficiary details before processing.

Binance tightens South African compliance rules for crypto transfers
Binance to require information for all crypto transfers in South Africa. Source: Binance

The update will only impact crypto deposits and withdrawals, leaving trading and other platform features unaffected.

Related: US judge transfers Binance lawsuit to Florida, citing first-to-file rule

Missing transfer details may reverse transactions

Binance warned that failure to provide the required information may result in delayed transactions or, in some cases, a return of funds to the sender.

In preparation for the rollout, users will need to re-login to their accounts starting April 24.

The change comes as South Africa moves to boost oversight of the rapidly moving crypto sector.

On April 2, Bloomberg reported that South Africa’s Revenue Service (SARS) is urging individuals, crypto exchanges and intermediaries involved in crypto transactions to register with the authority, warning that failure to do so is now illegal.

In March, the Financial Sector Conduct Authority (FSCA) of South Africa issued a public warning against two unlicensed crypto firms, Afriinvest and Mutualwealth, accusing them of soliciting investments while promising unrealistic returns of up to 10,000 rand ($542) per day.

Related: Binance, KuCoin, MEXC report service issues due to AWS network interruption

South Africa pushes to become key crypto hub

Emerging economies across Africa, particularly South Africa, are positioning themselves as potential digital asset hubs amid growing regulatory clarity, Ben Caselin, chief marketing officer (CMO) of Johannesburg-based crypto exchange VALR, told Cointelegraph in September 2024.

Caselin said that South Africa’s strong legal framework and ease of business make it a key entry point for crypto expansion across the continent.

The South African crypto market is projected to generate $278 million in revenue in 2025, with expectations to grow at a compound annual growth rate (CAGR) of 7.86% and reach $332.9 million by 2028, according to Statista.

Binance tightens South African compliance rules for crypto transfers
Revenue in South Africa’s crypto market is expected to grow by 7.86% by 2028. Source: Statista

Regulatory momentum is increasing, with the FSCA approving 59 crypto platform licenses in March 2024, while over 260 applications remain under review.

Cointelegraph contacted Binance for comments but did not receive a response by publication.

Magazine: Former Love Island star’s tips on how to go viral in crypto: Van00sa, X Hall of Flame

Continue Reading

Politics

Robert Jenrick vows to ‘bring coalition together’ to end Tory-Reform fight

Published

on

By

Robert Jenrick vows to 'bring coalition together' to end Tory-Reform fight

Robert Jenrick has vowed to “bring this coalition together” to ensure that Conservatives and Reform UK are no longer fighting each other for votes by the time of the next election, according to a leaked recording obtained by Sky News.

The shadow justice secretary told an event with students last month he would try “one way or another” to make sure Reform UK and the Tories do not compete at another general election and hand a second term in office to Keir Starmer in the process.

In the exclusive audio, Mr Jenrick can be heard telling the students he is still working hard to put Reform UK out of business – the position of the Tory leader Kemi Badenoch.

Conservative Party leadership candidate Robert Jenrick delivers a speech during the Conservative Party Conference at the International Convention Centre in Birmingham.  Picture date: Wednesday October 2, 2024. PA Photo. See PA story POLITICS Tories. Photo credit should read: Jacob King/PA Wire
Image:
Shadow justice secretary Robert Jenrick. Pic: PA

However, more controversially, the comments also suggest he can envisage a time when that position may no longer be viable and has to change. He denies any suggestion this means he is advocating a Tory-Reform UK pact.

Follow the latest politics news here

The shadow justice secretary came second to Mrs Badenoch in the last leadership contest and is the bookies’ favourite to replace her as the next Conservative leader.

Mr Jenrick congratulate Ms Badenoch on her win. Pic: PA
Image:
Robert Jenrick lost the Tory leadership contest to Kemi Badenoch. Pic: PA

Speaking to the UCL Conservative association dinner in late March, he can be heard saying: “[Reform UK] continues to do well in the polls. And my worry is that they become a kind of permanent or semi-permanent fixture on the British political scene. And if that is the case, and I say, I am trying to do everything I can to stop that being the case, then life becomes a lot harder for us, because the right is not united.

“And then you head towards the general election, where the nightmare scenario is that Keir Starmer sails in through the middle as a result of the two parties being disunited. I don’t know about you, but I’m not prepared for that to happen.

“I want the fight to be united. And so, one way or another, I’m determined to do that and to bring this coalition together and make sure we unite as a nation as well.”

This is the furthest a member of the shadow cabinet has gone in suggesting that they think the approach to Reform UK may evolve before the next general election.

Last night, Mr Jenrick denied this meant he was advocating a pact with Reform UK.

Read more:
Badenoch dismisses ‘threat’ from Jenrick
Your ultimate guide to the local elections

A source close to Mr Jenrick said: “Rob’s comments are about voters and not parties. He’s clear we have to put Reform out of business and make the Conservatives the natural home for all those on the right, rebuilding the coalition of voters we had in 2019 and can have again. But he’s under no illusions how difficult that is – we have to prove over time we’ve changed and can be trusted again.”

Mrs Badenoch has said in interviews that she cannot see any circumstances that the Tories under her leadership would do a deal with Reform UK.

Reform UK leader Nigel Farage during a press conference in Sandy Park Stadium.
Pic: PA
Image:
Reform UK leader Nigel Farage. Pic: PA

In next week’s local elections, Reform UK will compete directly against the Tories in a series of contests from Kent to Lincolnshire. At last year’s general election, in more than 170 of the 251 constituencies lost by the Conservatives the Reform vote was greater than the margin of the Tories’ defeat.

Today’s YouGov/Sky voting intention figures put Reform UK in front on 25%, Labour on 23% and the Conservatives on 20%, with the Lib Dems on 16% and Greens on 10%.

Continue Reading

Politics

SEC says it won’t re-file fraud case against Hex’s Richard Heart

Published

on

By

SEC says it won’t re-file fraud case against Hex’s Richard Heart

SEC says it won’t re-file fraud case against Hex’s Richard Heart

The US Securities and Exchange Commission has said it doesn’t intend to refile its securities fraud complaint against Hex founder Richard Schueler, who goes by Richard Heart.

“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” the regulator’s lawyer, Matthew Gulde, stated in an April 21 letter to New York District Court Judge Carol Bagley Amon. 

The court had previously dismissed the SEC’s original complaint on Feb. 28 as Judge Amon said the regulator failed to establish that it had jurisdiction over Heart’s activities, which she said were not specifically targeted at US investors.

She granted leave for the SEC to file an amended complaint by March 20, later extending the deadline to April 21.

Heart posted to X on April 22 that “Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have.”

SEC says it won’t re-file fraud case against Hex’s Richard Heart
Letter from the SEC to Judge Amon. Source: PACER

Heart added that the SEC walked away from some of its other cryptocurrency cases voluntarily, but claimed his was the only case where “the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.”

Heart said it was a victory for open-source software, cryptocurrency and free speech because the SEC “actually sued software code itself in this case.” 

SEC hunted Heart in Finland

The SEC sued Heart in July 2023 for alleged unregistered securities offerings of three tokens, HEX, PulseChain (PLS), and PulseX (PSLX), claiming he made more than $1 billion by touting the tokens as a “pathway to grandiose wealth for investors.”

In April 2024, Heart tried to have the suit tossed, claiming the regulator “has no sway over him,” because he didn’t reside in the United States. 

Related: Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

The SEC opposed this in August, claiming he touted the tokens at a Las Vegas event. In December 2024, Interpol issued a Red Notice for Heart, seeking his arrest in Finland, where he was also suspected of tax evasion

The PulseChain native token (HEX) hit an all-time high of $0.031 in December 2024 but has since tanked 76% as most altcoins have failed to follow Bitcoin’s momentum this year. 

The SEC has dropped or suspended several cases against crypto firms so far this year under the Trump administration.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest

Continue Reading

Trending