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The expansion of ultra-low emission zone (ULEZ) to outer London boroughs has been ruled lawful by the High Court.

Five Conservative-run councils had launched legal action back in February over the expansion.

The scheme will come into force from 29 August and see the drivers of the most polluting vehicles charged £12.50 a day to use them.

The hope of those behind the plan is it will incentivise people to use cleaner transport alternatives and, as a result, help improve the city’s air quality.

Transport for London has claimed only a small number of people will be impacted, with nine out of 10 vehicles compliant with ULEZ requirements.

But the councils challenged the rollout in the courts, saying the capital’s Labour mayor, Sadiq Khan, had exceeded his legal powers with such a large expansion of the scheme.

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ULEZ expansion ‘difficult but right decision’

The five local authorities – Hillingdon, Bexley, Bromley and Harrow in London, plus Surrey County Council – also claimed the consultation on the plan was flawed, and not enough information had been shared over the scrappage scheme, which provides payouts to people prepared to ditch their vehicles.

More on Sadiq Khan

While other parts of the challenge were dismissed in April, the councils were granted a hearing in the High Court, and the two sides fought it out over two days of evidence.

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The ruling comes a week after the debate around ULEZ dominated a local by-election and the fallout from the results.

The seat of Uxbridge and South Ruislip – left vacant by the departure of Boris Johnson – seemed ripe for the taking for Labour in light of recent polling that gives the party a double digit lead over the Tories.

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‘ULEZ is why we lost in Uxbridge’

But the Conservative candidate managed a narrow victory – albeit seeing the majority for the party fall from over 7,000 to less than 500 – having turned its campaign into a referendum on ULEZ.

Since then, Labour have been in turmoil over the policy and whether to support it, with Sir Keir Starmer saying he had asked the mayor to “reflect” on the impact of the scheme.

However, Mr Khan has said he is committed to ULEZ expansion, telling Sky News: “It was a difficult decision to take. But just like nobody will accept drinking dirty water, why accept dirty air?”

‘The right decision’

Following the ruling, Mr Khan told Sky News: “This landmark decision today is good news for London, because it means from the end of August we can make greater progress in cleaning up the air in outer London.

“The decision to expand ULEZ was a difficult one for me to take, it wasn’t taken lightly, but it’s essential we make more progress cleaning up the air in our city.

“Every year in our city, there’s around 4,000 premature deaths directly linked with air pollution and children with stunted lungs forever.”

Referencing the opposition to the scheme and the debate surrounding it, Mr Khan said: “I have been listening and I will carry on listening” but added that the High Court ruling was “quite clear”.

He went on to say that the 10 boroughs with the highest number of premature deaths are all in outer London.

Asked if ULEZ was the reason Labour failed to win the Uxbridge by-election last week, Mr Khan said: “The decision to expand ULEZ was a very difficult decision for me to make.

“It wasn’t one I took lightly, but it was the right one.”

Last month, the Greater London Authority commissioned a report by air quality and climate change consultants Aether into pollution levels in London.

It found that while progress had been made to reduce air pollution concentrations since 2016, the city’s population was still forecast to remain exposed to nitrogen dioxide and particulate matter in concentrations above the air quality guidelines recommended by the World Health Organisation (WHO) in 2030 “unless further significant action is taken to reduce concentrations”.

Sadiq Khan will be breathing a sigh of relief


Rob Powell Political reporter

Rob Powell

Political correspondent

@robpowellnews

After a bumpy week for the Mayor’s ULEZ expansion, this is very good news for Sadiq Khan.

If this legal challenge had succeeded, it could have meant a delay to next month’s rollout as elements of the consultation process were run again.

But whilst this legal hurdle has been cleared, political ones remain.

Labour leader Sir Keir Starmer has made it clear that he wants there to be a rethink– after the expansion plan cost his party the Uxbridge by-election last week.

The London Mayor has said he’s open to ideas to help people impacted by the charge but is determined to plough on with the central policy on the current timetable.

That opens a rift between party headquarters and one of the most senior elected Labour politicians in the country.

A compromise could involve the scrappage scheme being bolstered further but that would likely come with more requests for cash from Central government.

The Tories will attempt to turn next spring’s London mayoral elections into a referendum on ULEZ expansion.

The hope in City Hall will be that by forcing this controversial policy through now without delay, tempers may have cooled by the time Londoners head to the ballot box.

It also found the most deprived communities of London still more commonly live in the most polluted areas and that the areas that had the lowest air pollution concentrations had a disproportionately white population.

“The exposure inequalities experienced between ethnic groups are much more pronounced in outer London than inner London,” the consultants found.

But Steve Tuckwell, the Conservative MP for Uxbridge and South Ruislip who campaigned against ULEZ expansion during the by-election, said constituents had sent a “clear message” to the mayor to “halt your ULEZ expansion”.

“Londoners cannot go on being ignored by the Labour Party, who are making the choice to expand ULEZ, saddling families and businesses with a £4,500 a year charge – a tax on carers, parents, patients, sole traders and all hard-working Londoners,” he said.

Read more:
What are the Conservatives’ green policies – and what could be scrapped?
ULEZ: Starmer ‘wobbling’ on ULEZ, says mother of girl who died due to pollution

His words were echoed by Susan Hall, the Conservative candidate who will take on Mr Khan at next year’s mayoral election, who said: “While it is a shame the High Court did not find the ULEZ expansion to be unlawful, there is no denying that Sadiq Khan’s plans will have a devastating impact on families and businesses across the city.

“If I am elected mayor, I will stop the ULEZ expansion on day one and set up a £50m pollution hotspots fund to tackle the issue where it is, instead of taxing people where it isn’t.”

As well as putting pressure on Mr Khan, the ULEZ policy also prompted a debate within the Tory Party and emboldened the more climate sceptic wing of the party, who want Rishi Sunak to slow down the transition to net zero.

Downing Street has confirmed ministers are scrutinising existing pledges “in light of some of the cost of living challenges”, with Mr Sunak saying some green measures must be “proportionate and pragmatic” instead of adding cost and “hassle” to households.

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Why a ‘Trump-fest’ could be just the tonic for a special relationship under strain

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Why a 'Trump-fest' could be just the tonic for a special relationship under strain

It was perhaps not quite how officials, in London at least, had envisaged the announcement of the state visit would be made.

In the Oval Office, Donald Trump revealed the news in his own way.

“I was invited by the King and the great country. They are going to do a second fest – that’s what it is. It is beautiful,” he said during an impromptu Oval Office moment.

The question was, did this “fest” – which Mr Trump suggested could happen in September – amount to the much hyped second state visit for the American president?

Or was this actually just the smaller visit that had been offered two months ago as an initial bilateral visit at which the state visit would be discussed?

Back in February, Sir Keir Starmer presented the president with a letter from King Charles and the offer of a state visit.

The letter proposed an initial meeting between the King and the president to discuss details of the state visit at either Dumfries House or Balmoral, both in Scotland, close to Mr Trump’s golf clubs.

The King wrote: “Quite apart from this presenting an opportunity to discuss a wide range of issues of mutual interest, it would also offer a valuable chance to plan a historic second state visit to the United Kingdom… As you will know this is unprecedented by a US president. That is why I would find it helpful for us to be able to discuss, together, a range of options for location and programme content.”

As he revealed the news of his “fest” with his “friend Charles”, Mr Trump said: “I think they are setting a date for September…”

Sources have since confirmed to Sky News that it will amount to the full state visit.

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Pic: Reuters
Image:
Sir Keir Starmer handed Trump the invite earlier this year. Pic: Reuters

‘Even more important’

It’s possible the initial less formal presidential trip may still happen between now and September. Mr Trump is in Europe for the NATO summit in June and is due in Scotland to open a new golf course soon too.

“It is the second time it has happened to one person. The reason is we have two separate terms, and it’s an honour to be a friend of King Charles and the family, William,” the president said.

“I don’t know how it can be bigger than the last one. The last one was incredible, but they say the next one will be even more important.”

His last state visit in 2019, at the invitation of the late Queen, drew significant protests epitomised by the giant blow-up “Baby Trump” which floated over Parliament Square.

The president was hosted by the Queen in June 2019. Pic: Reuters
Image:
The president was hosted by the Queen in June 2019. Pic: Reuters

Britain’s trump card

September is a little earlier than had been expected for the visit. It may be an advantage for it to happen sooner rather than later, given the profoundly consequential and controversial nature of the first few months of his second term.

The decision by the British government to play its “state visit trump card” up front back in February drew some criticism.

And since February, Mr Trump’s position on numerous issues has been increasingly at odds with all of America’s allies.

On Ukraine, he has seemingly aligned himself closely with Vladimir Putin. His tariffs have caused a global economic shock. And on issues like Greenland and Canada, a member of the Commonwealth, he has generated significant diplomatic shock.

A risk worth taking

Mr Trump is as divisive among the British public as he is in America. Sir Keir is already walking a political tightrope by choosing the softly softly approach with the White House.

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The UK government chose not to retaliate against Mr Trump’s tariffs, unlike some allies. Sir Keir and his cabinet have been at pains not to be seen to criticise the president in any way as they seek to influence him on Ukraine and seek an elusive economic deal on tariffs.

On that tariff deal, despite some positive language from the US side and offers on the table, there has yet to be a breakthrough. A continuing challenge is engaging with the president for decisions and agreements only he, not his cabinet, will make.

British officials acknowledge the risk the state visit poses. In this presidency, anything could happen between now and September.

But they argue British soft power and Mr Trump’s fondness for the Royal Family and pomp – or a “fest” as he calls it – amount to vital diplomatic clout.

For a special relationship under strain, a special state visit is the tonic.

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Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple

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Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple

Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple

Hong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future.

According to an April 18 announcement, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly “the first investment fund in Asia designed to track the performance of XRP.”

XRP developer Ripple will serve as the fund’s anchor investor. In a separate X post, HashKey Capital said the fund aims to bring “more institutional capital into regulated XRP products and the broader digital asset ecosystem.”

Close collaboration with Ripple

In another X post, HashKey Capital said the fund marks the beginning of a closer collaboration with Ripple. The two firms “are exploring new investment products, cross-border DeFi solutions, and tokenization —including the possibility of launching a money market fund (MMF) on the XRP ledger.”

Related: Ripple vs. XRP vs. XRP Ledger: What’s the difference?

In the announcement, HashKey Capital partner Vivien Wong said the firm will share its connections with financial institutions, regulators and investors in Asia with Ripple, adding:

“Ripple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption.”

A Hong Kong XRP ETF in the works?

The XRP (XRP) Tracker Fund is HashKey Capital’s third tracker fund and follows the firm’s Bitcoin (BTC) and Ether (ETH) ETF products. The company noted that this product may also become an ETF in the future.

Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple
Source: HashKey Capital

Related: XRP: Why it’s outperforming altcoins — and what comes next

A boon for XRP’s institutional adoption in Asia

Hank Huang, CEO of Kronos Research, a crypto investment firm based in Asia, told Cointelegraph that “the launch of the XRP Tracker Fund by HashKey Capital marks a pivotal moment for institutional adoption” in the region. He said regulated and transparent products like Hashkey’s fund are what institutional investors need to enter the market.

“XRP’s proven use case in cross-border payments, combined with HashKey’s robust infrastructure, sets the stage for meaningful capital inflows and wider acceptance of crypto assets in global finance,“ Huang said.

Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may see a resurgence in the second quarter of 2025 as regulations for digital assets continue to improve, according to Swiss bank Sygnum.

In its Q2 2025 investment outlook, Sygnum said the space has seen “drastically improved” regulations for crypto use cases, creating the foundations for a strong alt-sector rally for the second quarter. However, it added that “none of the positive developments have been priced in.” 

In April, Bitcoin dominance reached a four-year high, signaling that crypto investors are rotating their funds into an asset perceived to be relatively safer. 

But Sygnum believes regulatory developments in the US, such as President Donald Trump’s establishment of a Digital Asset Stockpile and advancing stablecoin regulations, could propel broader crypto adoption.

“We expect protocols successful in gaining user traction to outperform and Bitcoin’s dominance to decline,” Sygnum wrote. 

Increased focus on economic value ignites competition

Sygnum also said that competition would increase as the market focuses on economic value. Increased competition in a market often results in better products, ultimately benefiting consumers: 

“The market’s increased focus on economic value compels greater competition for user growth and revenues, with rising protocols such as Toncoin, Sui, Aptos, Sonic, or Berachain taking different approaches.”

Sygnum added that while high-performance blockchains address limitations of the Bitcoin, Ethereum and Solana blockchains, these chains find it challenging to achieve meaningful adoption and fee income. 

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum
Sector breakdown by market capitalization. Source: Sygnum

The report highlighted that some approaches have been more sustainable. These include Berachain’s approach of incentivizing validators to provide liquidity to decentralized finance (DeFi) applications, Sonic’s rewarding developers that attract and retain users, and Toncoin’s Telegram affiliation to access one billion users.

Aside from layer-1 chains, Sygnum highlighted that layer-2 networks like Base also have potential. The report pointed out that while the memecoin frenzy on the blockchain pushed its users and revenue to new highs, it made an equally sharp decline after memecoins started losing steam. 

Despite this, Sygnum noted that Base remains the layer-2 leader in metrics like daily transactions, throughput and total value locked. 

Related: Italy finance minister warns US stablecoins pose bigger threat than tariffs

Memecoins still a leading crypto narrative in Q1

Despite recent price declines, memecoins remained a dominant crypto narrative in Q1 2025. A CoinGecko report recently highlighted that memecoins remained dominant as a crypto narrative in the first quarter of 2025. The crypto data company said memecoins had 27.1% of global investor interest, second only to artificial intelligence tokens, which had 35.7%.

While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking up on Bitcoin. At least twelve public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.

Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

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