Connect with us

Published

on

A pay rise of 6.5% has been accepted by a major teaching union.

Members of the National Education Union (NEU) voted to accept the deal, which was made based on recommendations by the independent School Teachers’ Review Body (STRB).

The NEU had advised its members to accept the deal, which also includes an extra £900m in funding for schools per year.

Earlier this month, NEU members held industrial action – forcing many schools to close entirely or reduce the number of classes held.

“Members have spoken very clearly and in great numbers,” Dr Mary Bousted and Kevin Courtney, joint general secretaries of the NEU, said.

The union said an electronic ballot of its teacher members saw 86% vote to accept the offer and end industrial action, with turnout of 60%.

A ballot of the union’s support staff members in England also saw 85% accept the pay offer, with a turnout of 46%.

More on Strikes

Members of the NEU staged eight days of strike action in state schools in England since February in a dispute over pay.

The NEU is one of the largest education unions in Europe and represents more than 450,000 teachers, lecturers, education support staff and leaders.

Members of the Association of School and College Leaders (ASCL) in England have already voted to accept the pay rise from September.

Meanwhile, the NASUWT teachers’ union and the National Association of Head Teachers (NAHT) are expected to announce their members’ responses to the pay offer on Monday.

The Government has said the 6.5% pay award for teachers will be “fully funded”, with £525m of additional funding for schools in 2023-24 and a further £900m in 2024-25.

A re-ballot of NEU teacher members in England on strike action, which opened in May before the pay offer was made, saw 95% vote to renewing the union’s strike mandate for a further six months, with a turnout of 53%.

But the NEU has said the electronic ballot result on the Government’s 6.5% pay offer for 2023-24 means that further strike action over pay will now not go ahead in the autumn term.

Dr Bousted and Mr Courtney said: “As a democratic union, the NEU leadership promised members that any pay and funding offer given by Government that warranted their consideration would be put to them.

“The NEU submissions to the STRB went a long way towards changing the Government’s position on pay and funding. The strike action taken by our members also shifted the dial, securing the highest pay award for over thirty years. Members should be proud they have also secured extra funding for schools.”

They added: “The Government should be in no doubt that we will hold its feet to the fire on delivering for teachers and support staff on workload and funding and continue to represent the profession in future STRB consultations.

“It remains the view of the NEU that school and college funding is far from adequate. It remains a commitment of the NEU to campaign for further increases in teacher pay.

“Everyone in the school and colleges community deserves an education system that attracts and keeps teaching staff, and one that ensures every child gets the attention and support they deserve. Our campaign for a better-funded education system will not go away.”

Continue Reading

Politics

Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

Published

on

By

Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates.

In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. This allows the stablecoin issuer to operate as a Money Services Provider in the IFC.

The USDC (USDC) issuer also appointed Saeeda Jaffar as its managing director for Circle Middle East and Africa. The new executive also serves as a senior vice president and group country manager for the Gulf Operation Council at Visa and will be tasked with developing the stablecoin issuer’s regional strategy and partnerships.

Circle co-founder, chairman and CEO Jeremy Allaire said that the relevant regulatory framework “sets a high bar for transparency, risk management, and consumer protection,” adding that those standards are needed if “trusted stablecoins” are going to support payments and finance at scale.

UAE, Circle, Stablecoin
Source: Circle

Related: Abu Dhabi Investment Council triples stake in Bitcoin ETF in Q3: Report

Abu Dhabi awards a wave of licenses

The ADGM has recently awarded licenses for financial operations to a wave of crypto companies. Earlier this week, Tether’s USDt (USDT) — the largest stablecoin by circulation and Circle’s top competitor — secured a regulatory milestone in Abu Dhabi’s international financial center, as did Ripple’s dollar-pegged stablecoin Ripple USD at the end of November.

On Monday, crypto exchange Binance was granted three separate licenses from Abu Dhabi’s financial regulator, allowing it to operate its exchange, clearing house and broker-dealer services. This followed its competitor Bybit receiving regulatory approval in the UAE in early October.

Related: HSBC to bring tokenized deposits to US and UAE as stablecoin race heats up

UAE bets on crypto

The Central Bank of the UAE has been actively reviewing its cryptocurrency regulations. In November, it introduced rules for decentralized finance (DeFi) and the broader Web3 industry.

The newly introduced Federal Decree Law No. 6 of 2025 brings DeFi platforms, related services and infrastructure providers under the scope of regulations if they enable payments, exchange, lending, custody, or investment services, with licenses now required. Local crypto lawyer Irina Heaver said that “DeFi projects can no longer avoid regulation by claiming they are just code.”

Heaver told Cointelegraph at the end of 2024 that during that year the country cemented its status as a global crypto hub.

In October 2024, the UAE exempted cryptocurrency transfers and conversions from value-added tax, just a month after Dubai’s digital asset regulator announced stricter rules on crypto marketing. Around the same time, local free economic zone Ras Al Khaimah Digital Assets Oasis was also working to introduce a legal framework for decentralized autonomous organizations.

Local regulators were not shy about enforcing the rules, with Dubai’s Virtual Assets Regulatory Authority cracking down on seven unlicensed crypto businesses, issuing fines and cease-and-desist orders.

Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road