Tory deputy chairman Lee Anderson refuses to apologise for ‘go back to France’ comment – but says government has failed to tackle illegal immigration

Published

2 years ago

August 9, 2023

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Lee Anderson has refused to apologise for saying asylum seekers who don’t want to be housed on barges should “f*** off back to France”.

But the Conservative deputy chairman also said there was “no doubt” the government had failed to tackle illegal immigration.

The Tory MP for Ashfield in Nottinghamshire made the remark about asylum seekers after it emerged about 20 of them were granted a last-minute reprieve from boarding the Bibby Stockholm accommodation vessel on Monday.

The charity Care4Calais said their transfers from hotels were “cancelled” after lawyers challenged the decision to move them on to the barge moored off the Dorset coast.

Labour labels barge a ‘floating failure’ – politics latest

Asked by Nigel Farage on his GB News show on Tuesday evening whether he will be apologising for the words he used, Mr Anderson said: “No.”

When questioned by the former Brexit campaigner about whether his use of the “f-word” was in bad taste, Mr Anderson replied: “No… it’s borne out of frustration.

“It’s borne out of me being absolutely furious. It’s not just me that’s being furious, it’s my constituents and millions of people up and down the country.”

And when asked if the Conservative government had failed to tackle illegal immigration effectively, Mr Anderson said: “We have failed on this, there’s no doubt about it.

“We said we’re going to fix it, it is a failure. But we have got policies in place – I know it’s a bit hard for the British public at the moment to understand what we’re trying to do with the Rwanda flights, and the change in legislation, the Illegal Migration Bill.

“It seems very slow and cumbersome – we’re up against it, we’ve got the lefty lawyers, the human rights campaigners, we’ve got the charities, everything’s against us.

“I’m not making excuses, but it’s slowing us down. If we had the whole of parliament behind us I’m sure this would have got through by now.”

Mr Anderson added it makes him feel “sick” every time a boat carrying migrants crosses the Channel and it makes him “furious” when asylum seekers are housed in hotels and on barges.

He said: “I’ve been to Calais, I’ve seen these migrants living in one-man tents, living in absolute squalor.

“Then they get here, we do our best, we bend over backwards to put them in decent accommodation, and all of a sudden they get a choice.”

The government hopes the use of the Bibby Stockholm barge and former military bases to house asylum seekers will reduce the cost of hotel bills.

Home Office minister Sarah Dines said those arriving in the country via unauthorised means should have “basic but proper accommodation” and that they “can’t expect to stay in a four-star hotel”.

She claimed hotels were part of the “pull” factor attracting people to the UK.

Mr Anderson said “grafters” in the oil industry who are “doing a job for this great country of ours” live on barges and “never complain once”.

He continued: “It makes me sick to the pit of my stomach when these lefty lawyers, the charities, the human rights campaigners, say it’s not good enough.

“If it’s not good enough, [the asylum seekers] should go back to France.”

What were Anderson’s initial remarks?

The Tory deputy chairman had sparked controversy when he told Express.co.uk: “If they don’t like barges then they should f*** off back to France.”

He added: “I think people have just had enough.

“These people come across the Channel in small boats… if they don’t like the conditions they are housed in here then they should go back to France, or better not come at all in the first place.”

Downing Street defended his use of the “f-word” when speaking about asylum seekers.

When asked if this view represented the government, Number 10 pointed to comments made by Justice Secretary Alex Chalk, who said the “indignation” of Mr Anderson was well placed.

“The justice secretary was speaking on behalf of the government. That is the response,” the spokesperson told Sky News.

Politics

Strive to become Bitcoin treasury company

Published

3 hours ago

May 7, 2025

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Strive to become Bitcoin treasury company

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.

According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC).

The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said.

Once the deal closes, Strive plans to issue approximately $1 billion in equity and debt and use the proceeds to accumulate BTC. The asset manager “intends to use all available mechanisms to build a Bitcoin war chest […] and build a long-term investment approach designed to outperform Bitcoin,” it said.

Strive plans to allow “Bitcoin holders to contribute Bitcoin in exchange for public stock through a structure that is intended to be tax-free,” it said. As of May 7, the company manages approximately $2 billion in net assets across a variety of funds.

In December, Strive filed to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers.

Corporate Bitcoin treasuries

Corporate Bitcoin treasuries have become popular since the approval of Bitcoin exchange-traded funds (ETFs) on Wall Street. Companies pioneering the Bitcoin buyer approach, such as Strategy have seen their share prices surge by 350% in 2024.

Analysts say adding Bitcoin to corporate treasuries can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,” asset manager Fidelity Digital Assets said in a 2024 report.

Corporate Bitcoin treasuries collectively hold roughly $74 billion worth of BTC as of May 7, according to Bitcointreasuries.net.

Trump connection

Ramaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. Its stated goal is to help investors “harness the power of capitalism,” according to Strive’s website.

In 2023, Ramaswamy — who largely earned his $1 billion net worth from biotechnology startup Roivant Sciences — campaigned against Trump in the Republican presidential primary. He later endorsed the president-elect.

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Politics

Trump memecoin dinner attendees could include foreign nationals — Report

Published

5 hours ago

May 7, 2025

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Trump memecoin dinner attendees could include foreign nationals — Report

At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States.

According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president — also used exchanges in other countries.

As of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and “special VIP tour” were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and “can not be from a [Know Your Customer] watchlist country.”

The implications of having dozens or hundreds of memecoin holders potentially tied to foreign governments and interest groups have raised ethics concerns from some US lawmakers, claiming that Trump was engaging in “pay-to-play” corruption. At least one senator has called for the president’s impeachment, saying Trump was “selling access for what are effectively payments directly to him.”

Memecoin concerns are slowing crypto legislation

Democratic lawmakers in the House of Representatives and Senate have already been pushing back against considering any crypto-related legislation until Republicans address concerns around “Trump’s crypto corruption.” The Senate is expected to vote on a bill regulating stablecoins on May 8, and House Republicans recently introduced a discussion draft of a digital asset market structure bill.

Then-president-elect Trump launched the memecoin on Jan. 17 — three days before taking office — followed by the first lady introducing her own token. Two companies connected to Trump control roughly 80% of the memecoin’s supply.

The launch of the memecoin and its potential influence over the president and his agenda has already prompted some companies to get on board. On April 30, a trucking logistics management company announced a $20 million investment in the TRUMP token, suggesting influencing Trump’s trade war between the US and Mexico, where the firm conducts much of its business.

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

Politics

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

Published

8 hours ago

May 7, 2025

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Trump-backed USD1 is now the seventh-largest stablecoin worldwide

USD1, the US dollar stablecoin launched by the President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch.

WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb.

Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko.

Although rising fast, the USD1 market cap is still far from the market value of major stablecoins like Tether’s USDt (USDT) and USDC (USDC), whose market caps are worth $149 billion and $61 billion, respectively.

BNB Chain drives USD1 issuance

Trump-backed USD1 is almost exclusively issued on Binance-backed BNB Chain. According to data from BscScan, as much as $2.1 billion of all USD1 supply is issued on BNB Chain, accounting for more than 99% of its total circulating supply, while an Ethereum-based version accounts for just $14.5 million, according to Etherscan.

USD1’s latest market spike was sharp, jumping 1,540% from $128 million to $2.1 billion within two days in late April, according to CoinGecko.

The spike came days before Eric Trump announced that Abu Dhabi-based investment firm MGX would use the USD1 to invest $2 billion in Binance.

Justin Sun-backed HTX among the first CEXs to list USD1

As USD1’s market cap spiked, some centralized exchanges (CEXs) rushed to list the Trump-backed stablecoin.

HTX, a crypto exchange closely associated with Tron founder Justin Sun and formerly known as Huobi, announced the listing of USD1 with permanent zero-fee withdrawals on the BEP-20 network on May 6.

According to websites like CoinGecko and CoinMarketCap, HTX was one of the first CEXs to list USD1, as the token is primarily available on decentralized exchanges, including PancakeSwap and Uniswap.

Most WLFI inflows come from outside the US

While the WLFI community has been voting on the USD1 airdrop, some reports suggested that WLFI investment is mainly coming from outside the United States.

According to a poll by V1PS founder Notaz.Sol, as much as 90% of WLFI investors are likely coming from non-US jurisdictions, including Europe, Asia and Latin America.

A May 7 Bloomberg report also indicated that over half of the top holders of Trump-branded memecoins reside abroad.

The USD1 stablecoin’s growth lines up with Trump’s pro-stablecoin agenda announced in his executive order on “Strengthening American leadership in digital financial technology” in January.

While WLFI has been closely associated with Binance, both Trump and Binance have repeatedly denied and criticized reports suggesting any links or deals between the parties.

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