Immigration: Asylum backlog in UK hits record high, Home Office figures show

Published

2 years ago

August 24, 2023

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The backlog of asylum claims in the UK has hit a new record high, according to Home Office figures.

A total of 175,457 people were waiting for an initial decision on an asylum application in the UK at the end of June 2023, up 44% at the end of June 2022 and the highest figure since current records began in 2010.

It means the total cost of the asylum has now reached £3.97bn a year – up by £1.85 billion in 2022/23, from £2.12 billion in 2021/22. In 2012/13, the total was £500.2 million.

The number of people waiting more than six months for an initial decision stood at 139,961 at the end of June, up 57% year-on-year from 89,231 and another record high.

In total, there were 134,046 cases being dealt with by the Home Office in relation to the 175,457 people waiting for an initial decision at the end of June 2023.

At the end of July 2023, the number of cases being handled had risen to 136,779 – but the data does not show how many people this related to.

The number of people lodging asylum claims has also risen to a two-decade high.

Some 78,768 applications were made in the year to June 2023 – again, there can be more than one person covered by each application.

This is 19% higher than the previous 12 months, and higher than the European migration crisis, where 36,546 applications were made in a 12-month period.

Stephen Kinnock, Labour’s shadow immigration minister, said: “These new statistics set out in stark terms the complete chaos the Tories have created in the immigration and asylum system.

“The asylum backlog has reached a new record high, with 175,000 people now waiting for decisions. Only 1% of last year’s 45,000 small boats cases have received a decision and the number of failed asylum seekers being returned is also down a whopping 70% since 2010. This is a disastrous record for the prime minister and home secretary.

“With this level of mismanagement, there is very little prospect of reducing the eye-wateringly high bill for hotel rooms for all those left in limbo, currently costing the British taxpayer £6 million a day.”

There has also been a sharp rise in the number of worker visas issued in the past year compared to the previous 12 months.

The new statistics published by the Home Office also show a 63% rise in the number of people coming to the UK on work visas in the year to June 2023, compared to the year to June 2022 – meaning 538,887 arrived to work in the past year.

The number of study visas issued is up 34% to 657,208.

Both these figures include dependents brought into the UK on the programmes alongside the main visa holder.

This means that 208,295 more people came to the UK on work visas in the 12 months to June 2023 and 165,968 more people entered on study visas.

It comes despite a Tory 2019 manifesto commitment to “bring overall numbers down”.

The government has changed the law to mean that, from January 2024, people on student visas will no longer be able to bring dependents with them.

A sizeable proportion of those entering on work visas are health and care workers, for whom the government created a new pathway in 2020.

Jonathan Gullis, a Tory MP and member of the New Conservatives group, told Sky News: “I think a lot of people will rightly be concerned to see another huge rise in skilled worker visas particularly as the thresholds in education have been reduced, so we will probably be continuing to rely on cheap foreign labour into the future, whenever there is a shortage.

“We should be taking big businesses head on and forcing them to upskill young people and adults looking to retrain to develop our own workforce within the UK.

“Brexit for me was about taking back control of our borders. Not shutting off the world, that would be ludicrous, but looking in our own country and helping young people in places like the Midlands and the North to train up for these skilled jobs and deliver on our pledges from when we were elected in 2019.”

Marley Morris, the Institute for Public Policy Research’s associate director for migration, trade and communities, said: “The government is still far-off from getting on top of the asylum backlog. While the Home Office is bringing down the ‘legacy backlog’ of older cases, this is being offset by new applications from recent arrivals.

“Moreover, many of the most recent decisions by the Home Office are withdrawals rather than grants or refusals. In the long run, this could backfire on the government, as people whose applications are withdrawn end up being pushed underground or make fresh asylum claims.

“Once the government implements the Illegal Migration Act, this could make matters even worse. Even if the Rwanda scheme is ruled to be lawful by the Supreme Court, it is likely that the number of arrivals will outpace the number of removals, creating a growing ‘perma-backlog’ of asylum seekers trapped in limbo. This could cost the Home Office billions each year.”

A Home Office spokesperson said: “The unacceptable number of people risking their lives by making these dangerous crossings is placing an unprecedented strain on our asylum system.”

According to the Migration Observatory, the Home Office’s figures showed that only 41% of asylum seekers arrived by small boats – down on the previous year when it was 45% – but the overall number of applications rose.

The government spokesperson added: “Our priority is to stop the boats, and our Small Boats Operational Command is working alongside our French partners and other agencies to disrupt the people smugglers.

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“The government is going even further through our Illegal Migration Act which will mean that people arriving in the UK illegally are detained and promptly removed to their country of origin or a safe third country.”

Dr Peter William Walsh, senior researcher at the Migration Observatory at the University of Oxford said: “Political debate has been hyper-focused on small boats, 90% of whom claim asylum. Yet in the year to June 2023, small boat arrivals made up only 41% of asylum claims – the remainder will have arrived in the UK via other routes.”

Politics

US crypto rules like ‘floor is lava’ game without lights — Hester Peirce

Published

4 hours ago

April 27, 2025

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<div>US crypto rules like 'floor is lava' game without lights — Hester Peirce</div>

SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.

“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.

The lava is crypto, says Peirce

Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.

“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.

Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.

Cryptocurrencies, SEC, United States — *Source:* *US Securities and Exchange Commission*

Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.

“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”

Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.

Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.

Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.

Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.

He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 19 – 25

Politics

Labour and Reform in battle for Runcorn by-election seat – but disillusionment could be eventual winner

Published

5 hours ago

April 27, 2025

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Labour and Reform in battle for Runcorn by-election seat - but disillusionment could be eventual winner

On the banks of the Mersey, Runcorn and Helsby is a more complicated political picture than the apparent Labour heartland that first presents itself.

Yes, there are industrial and manufacturing areas – an old town that’s fallen victim to out-of-town shopping, and an out-of-town shopping centre that’s fallen victim to Amazon.

But there are also more middle-class new town developments, as well as Tory-facing rural swathes.

One thing this area does mirror with many across the country, though, is a fed-up electorate with little confidence that politics can work for them.

In the Space Cafe in Runcorn Old Town, its director Marie Moss says many in the region remember a time when a sense of community was more acute.

“People were very proud of their town… and that’s why people get upset and emotional as they remember that,” she says.

It’s this feeling of disenfranchisement and nostalgia-tinged yearning for the past that Reform UK is trading off in its targeting of traditional Labour voters here.

Party leader Nigel Farage features heavily on leaflets in these parts, alongside spikey messaging around migration, law and order, and Labour’s record in government so far.

Taxi driver Mike Holland hears frequent worries about that record from those riding in the back of his cab.

A Labour voter for decades, he says locals were “made up” at last year’s election result but have been “astonished” since then, with benefit changes a common topic of concern.

“Getting a taxi is two things, it’s either a luxury or a necessity… the necessity people are the disabled people… and a lot of the old dears are so stressed and worried about their disability allowance and whether they are going to get it or not get it,” he says.

But will that mean straight switchers to Reform UK?

Mike says he agrees with some of what the party is offering but thinks a lot of people are put off by Mr Farage.

He’s now looking at the Liberal Democrats and Greens, both of whom have put up local politicians as candidates.

Or, Mike says, he may just not vote at all.

It’s in places like Runcorn town that some of the political contradictions within Reform UK reveal themselves more clearly.

Many here say they were brought up being told to never vote Tory.

And yet, Reform, chasing their support, has chosen a former Conservative councillor as its candidate.

It’s no surprise Labour has been trialling attack lines in this campaign, painting Mr Farage’s party as “failed Tories”.

As a response to this, look no further than Reform’s recent nod to the left on industrialisation and public ownership.

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But head 15 minutes south from Runcorn docks, and this by-election campaign changes.

Rural areas like Frodsham and Helsby have, in the past, tended towards the Tories.

The Conservatives, of course, have a candidate in this vote, one who stood in a neighbouring constituency last year.

But Reform is now making a hard play for their supporters in these parts, with a softer message compared to the one being put out in urban areas – an attempt to reassure those anxious about too much political revolution coming to their privet-lined streets.

Labour, meanwhile, is actively trying to mobilise the anti-Farage vote by presenting their candidate – another local councillor – as the only person who can stop Reform.

The pitch here is aimed at voters like Frodsham makeup artist Nadine Tan, who are worried about division and anger in the community.

“I think they need to kind of come together and stop trying to divide everyone,” she says.

But like Mike the taxi driver five miles north, disillusionment could be the eventual winner as Nadine says, despite the “thousands of leaflets” through her door, she still thinks “they all say the same thing”.

One factor that doesn’t seem to be swinging too many votes, though, is the insalubrious circumstances in which the area’s former Labour MP left office.

Mike Amesbury stepped down after being convicted of repeatedly punching a constituent in a late-night brawl outside a pub.

But across the patch, many praise their ex-MP’s local efforts, while also saying he was “very silly” to have acted in the way he did.

That may be putting it mildly.

But it’s hard to find much more agreement ahead of Thursday’s vote.

A constituency still hungry for change, but unsure as to who can deliver it.

Full list of candidates, Runcorn and Helsby by-election:

Catherine Anne Blaiklock – English Democrats
Dan Clarke – Liberal Party
Chris Copeman – Green Party
Paul Duffy – Liberal Democrats
Peter Ford – Workers Party
Howling Laud Hope – Monster Raving Loony Party
Sean Houlston – Conservatives
Jason Philip Hughes – Volt UK
Alan McKie – Independent
Graham Harry Moore – English Constitution Party
Paul Andrew Murphy – Social Democratic Party
Sarah Pochin – Reform UK
Karen Shore – Labour
John Stevens – Rejoin EU
Michael Williams – Independent

Politics

Solana’s Loopscale pauses lending after $5.8M hack

Published

12 hours ago

April 26, 2025

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<div>Solana's Loopscale pauses lending after .8M hack</div>

Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.

On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post.

The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added.

Loopscale is “working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations,” its said in an X post.

“Our team is fully mobilized to investigate, recover funds, and ensure users are protected,” Gooneratne said.

Solana's Loopscale pauses lending after $5.8M hack — *Loopscale’s ‘Genesis’ lending vaults. Source: Loopscale*

In the first quarter of 2025, hackers stole more than $1.6 billion worth of crypto from exchanges and on-chain smart contracts, blockchain security firm PeckShield said in an April report.

More than 90% of those losses are attributable to a $1.5 billion attack on ByBit, a centralized cryptocurrency exchange, by North Korean hacking outfit Lazarus Group.

Unique DeFi lending model

Launched on April 10 after a six-month closed beta, Loopscale is a DeFi lending protocol designed to enhance capital efficiency by directly matching lenders and borrowers.

It also supports specialized lending markets, such as “structured credit, receivables financing, and undercollateralized lending,” Loopscale said in an April announcement shared with Cointelegraph.

Loopscale’s order book model distinguishes it from DeFi lending peers such as Aave that aggregate cryptocurrency deposits into liquidity pools.

Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards of 40 different token pairs.

The DeFi protocol has approximately $40 million in TVL and has attracted upwards of 7,000 lenders, according to researcher OurNetwork.

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