Saturday in Southend is quiet, and lacking in the usual buzz of a seaside town on a weekend.
Local MP, Sir David Amess, has been murdered and everyone is talking about it. People here seem to be seeking solace, or someone to share their grief, or better still someone to tell them this nightmare isn’t true.
Sky News surrounded itself with some of the people who knew Sir David best – the charities he supported and with the locals who credit the late MP with changing their lives for the better.
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Sir David’s fight for animal rights
Sir David was the president of The Music Man Project, founded in Southend by David Stanley.
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They had been close friends for 25 years and share a deep passion for helping children and adults with learning disabilities be creative through music.
“His big personality was what marked him out,” Mr Stanley tells Sky News.
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“He would light up every room and he would come into the concert or a fundraising event for my charity, and immediately he would be spreading the word about how great the music is and what wonderful achievements people with learning disabilities can do through music.
“I’d often pass him a microphone for a speech at the end of a concert but he’d brush it aside and say ‘I don’t need that microphone!’ and he didn’t, he just bellowed enthusiasm and genuine passion.”
In 2019, Sir David helped a group of 200 students from the charity perform at the Royal Albert Hall and again at the London Palladium.
Image: Sir David Amess on the stage with The Music Man project. Pic: The Music Man Project
Image: Sir David at the London Palladium in 2015. Pic: The Music Man Project
“David’s effect on students was enormous. He had this passion for what we were doing. He told the students that they could go to the Albert Hall and that we can all go to Broadway and do a concert tour of New York, which is our next dream.
“But when Sir David said it, they believed it, because it’s Sir David Amess, a knight of the realm, he’s an MP, he has great connections, he can open doors and he can get people to support us.
“So our families and musicians believed every word he said and everything he told them did come true, he was true to his word.
Proceeds from the sales of Sir David’s book Ayes and Ears, published in 2020, all went to three charities close to his heart, of which The Music Man Project was one.
Image: David Stanley on stage with the The Music Man Project. Pic: Music Man Project
Sir David was passionate about animal welfare charities too, serving as patron of the local RSPCA branch and supporting the local stables that run riding for the Disabled Association programmes.
The Belfairs Riding School is a short walk from the scene of Friday’s tragedy and was a place regularly visited by Sir David, and Fiona Smith from the stables fondly remembers his cheeky humour.
“He was a nightmare, absolute nightmare, he would just want to get in and meet the horses that you didn’t want him to be in with, he would just go and tap them on the backside, he was all over the place and absolute nightmare in the best way. But we loved him.
“He was always enthusiastic, always smiling, always energetic and whatever you asked him for he would try and oblige.
“I don’t remember a time where I ever saw him, that he wasn’t energetic and enthusiastic. There was integrity to what he did, he was passionate about animals, and he believed in animal rights.”
Image: Fiona Smith from Belfairs Riding School in Southend
David Bowles from the RSPCA had been chatting to Sir David at the Conservative Party conference in Manchester a couple of weeks ago and having known him for almost 20 years, Mr Bowles understood the MP’s fierce love of animals.
“David was really passionate about two things. One was Essex itself, the other was animal welfare.
“Sometimes those combined – as he was president of the local RSPCA in Southend, he worked a lot with animal welfare in the area, but also did an awful lot in Parliament.
“One of his greatest achievements that he felt he did was passing a private member’s bill back in 1988 which improved tethering of horses, which he saw day to day in the Essex area.
Improving the lives of local people is also highlighted by business owners on Southend high street.
Image: Joseph and Nicolas Strauss on Southend high street
Joseph Strauss remembers a cause Sir David fought on their behalf for, when it felt like no one else would listen.
“Southend Council wanted to turn the road outside our shop into bus lanes and there’s hundreds of us and he fought for us.
“Otherwise all these shops up here, employing hundreds of people, would have been closed, and he even mentioned it in parliament.
Joseph’s son Nicholas also met Sir David a couple of times as their children were of similar ages.
“I met him on a personal basis, because his youngest daughter used to play football with my oldest daughter, we used to see him every so often watching his daughter play football.
“We knew him as such a charming man and decent man, no airs or graces, just a lovely man.”
There’s a sense of deep shock and sadness in Southend. The grief is swirling through the streets as the town remembers and mourns the loss of their MP – who was simply proud of doing his job.
South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit.
The Financial Services Commission (FSC) is reviewing new provisions that would require exchanges to compensate customers for losses stemming from hacks or system failures, even when the platform is not at fault, The Korea Times reported on Sunday, citing officials and local market analysts.
The no-fault compensation model is currently applied only to banks and electronic payment firms under Korea’s Electronic Financial Transactions Act.
The regulatory push follows a Nov. 27 incident involving Upbit, operated by Dunamu, in which more than 104 billion Solana-based tokens, worth approximately 44.5 billion won ($30.1 million), were transferred to external wallets in under an hour.
Regulators are also reacting to a pattern of recurring outages. Data submitted to lawmakers by the Financial Supervisory Service (FSS) shows the country’s five major exchanges, Upbit, Bithumb, Coinone, Korbit and Gopax, reported 20 system failures since 2023, affecting over 900 users and causing more than 5 billion won in combined losses. Upbit alone recorded six failures impacting 600 customers.
The upcoming legislative revision is expected to mandate stricter IT security requirements, higher operational standards and tougher penalties. Lawmakers are weighing a rule that would allow fines of up to 3% of annual revenue for hacking incidents, the same threshold used for banks. Currently, crypto exchanges face a maximum fine of $3.4 million.
The Upbit breach has also drawn political scrutiny over delayed reporting. Although the hack was detected shortly after 5 am, the exchange did not notify the FSS until nearly 11 am. Some lawmakers have alleged the delay was intentional, occurring minutes after Dunamu finalized a merger with Naver Financial.
As Cointelegraph reported, South Korean lawmakers are also pressuring financial regulators to deliver a draft stablecoin bill by Dec. 10, warning they will push ahead without the government if the deadline is missed.
The ruling party’s ultimatum follows slow progress and repeated delays, with officials hoping to bring the bill to debate during the National Assembly’s extraordinary session in January 2026.
Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.
Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.
Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.
He added: “He will take Reform UK Scotland to a new level.”
During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.
The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.
“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.
“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.
“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.
“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”
The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.
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Claims made against Nigel Farage
Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.
Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.
Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.
Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.
A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.
The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.
On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.
Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.
“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.
The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation.
If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.
EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns
The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.
“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”
“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.
Global stock market value by country. Source: Visual Capitalist
The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.
The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.