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Rishi Sunak will be under increased pressure as MPs return to Westminster on Monday after their summer recess.

The prime minister has been accused of presiding over a “zombie parliament” – not just by Labour, as would be expected, but in a parting shot by Nadine Dorries, who has finally vacated her seat of Mid Bedfordshire – triggering another by-election in a safe Tory seat.

It comes as a new crisis has unfolded in England’s schools, with more than 100 being told they would either be forced to shut or partially close over fears about the type of concrete used in their buildings.

On top of that, Saturday saw the highest number of migrant Channel crossings so far this year.

The timing could not be worse for Mr Sunak, whose director of communications, Amber de Botton, resigned on Friday after less than a year in the role and with a general election looming around the corner.

The prime minister is under more pressure to make progress on his five pledges or else risk his backbenchers becoming increasingly agitated.

He faces pressure, too, from the opposition benches, with Labour accusing the government of being “unable to deliver its own agenda”.

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The government’s Online Safety Bill had been “drastically watered down”, according to the opposition, who accused the prime minister of being “too weak” to pass the original legislation.

Labour says several pledges including reform of the Mental Health Act and of the audit system could be left out of the upcoming King’s Speech entirely.

Here, Sky News takes a look at the key problems in the prime minister’s in-tray.

Concrete crisis

After years of disruption caused by the COVID pandemic and more recently teacher strikes, parents are braced for yet more home-schooling after the Department for Education announced more than 100 schools would either have to close or partially close due to the use of reinforced autoclaved aerated concrete, known as RAAC.

Around 104 schools or “settings” will be disrupted on top of 50 that have already been affected this year.

The department said the vast majority of schools and colleges “will be unaffected” – but Labour criticised the move as a “staggering display of Tory incompetence”.

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Hunt promises ‘to keep children safe’

And in an interview on Sky News’ new politics show, Sunday Morning with Trevor Phillips, Chancellor Jeremy Hunt admitted more schools and other public buildings with structural problems could come to light as the government carries out its “exhaustive” programme into the problem.

“Obviously we might find new information in the weeks or months ahead and we will act on it, but in terms of the information we have today we have acted immediately, we will continue to act, we will continue to invest,” he said.

Record boat numbers

One of Mr Sunak’s five pledges – to stop migrant boat crossings in the Channel – is also under serious doubt after a summer of setbacks.

The prime minister has already had to contend with the fact that more than 100,000 people have made the crossing since records began in 2018 – a milestone he certainly does not want to be associated with.

A bad situation was made worse when the latest round of Home Office figures showed 872 people were detected crossing the Channel in small boats yesterday – the highest number on a single day so far this year.

The Saturday figure has taken the total to arrive so far this year to 20,973.

It prompted Labour to accuse Mr Sunak of having “badly broken his promise on small boats”.

Rising cost of living

The most consistent problem Mr Sunak has had to contend with is the cost of living crisis, where high inflation is eroding people’s pay packets.

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In full: Jeremy Hunt

Mr Sunak has pledged to halve inflation, which currently stands at 6.8%, by the end of the year – which some in his party feel has made him a hostage to fortune.

While the government has been buoyed by figures from the Office for National Statistics (ONS) which showed the UK’s economy was 0.6% larger than pre-pandemic levels by the fourth quarter of 2021, there are no signs yet the pressure has eased up on people’s pockets.

Energy watchdog Ofgem has warned that while the energy price cap is going to fall in October, families are “absolutely going to struggle” with their bills this winter as its boss urged the government to bring back support for families.

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A typical household paying by direct debit for gas and electricity will face an annual charge of £1,923 from October to December, a fall of about £150.

Despite that, millions of households could end up paying more because government support with bills – worth £66 a month – has now been withdrawn.

Reflecting the tough economic situation is the fact that junior doctors and consultants have agreed to go on strike for the first time in NHS over four days across September and October – coinciding with Mr Sunak’s first Tory conference as leader and prime minister.

Tata talks

Sky News revealed this week the government is in advanced talks with Britain’s biggest steel producer to hand over a £500m aid package aimed at securing the long-term future of steelmaking in South Wales.

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‘We can compete with China’

Whitehall officials and Tata Steel are close to agreeing a deal that would commit more than £1bn to the future of its Port Talbot steelworks – but which could ultimately result in thousands of job losses.

Under the plans currently envisaged, the government would commit approximately £500m of public funding to the company, while Tata Steel’s Indian parent would sign off £700m of capital expenditure over a multi-year period.

Port Talbot employs about 4,000 people – roughly half of Tata Steel’s overall UK workforce of approximately 8,000.

Industry sources close to the discussions said the company had indicated that over the long term, as many as 3,000 of its British-based staff were likely to lose their jobs.

Mr Hunt was challenged about the package by Trevor Phillips on Sunday, who asked whether the government was propping up an industry the government knows can’t compete with China.

Mr Hunt hit back by arguing the UK “can certainly compete with China”.

He said: “We are the world’s second-largest colleagues offshore wind producer and when it comes to high-end manufacturing, as opposed to the very low-cost manufacturing, we have four of the world’s top 10 universities, amazing research and development happening here.

“And we have a British economy that is a global leader when it comes to life sciences, technology or arts manufacturing.”

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Chancellor to hold tariff crisis talks with top City executives

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Chancellor to hold tariff crisis talks with top City executives

Rachel Reeves will seek to gauge the unfolding impact of President Donald Trump’s tariffs blitz on Wednesday when she holds talks with some of the City’s top executives.

Sky News has learnt the chancellor will hold talks with bosses from companies including Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G amid ongoing volatility in global financial markets.

Insiders said the talks had been convened to help frame the Treasury’s financial services growth and competitiveness strategy.

However, they acknowledged that the fallout from US tariffs, while not directly affecting most City employers, would feature prominently on Wednesday’s agenda.

“The chancellor will use this meeting to show leadership, building on her statement to the House earlier today, and reiterating that the government will act decisively to take the right decisions in our national interest and protect working people,” a Treasury insider said.

Ms Reeves would stress a commitment to working with international partners to reduce barriers to trade, while pursuing the best possible bilateral deal with the US, they added.

Charlie Nunn, the Lloyds boss; Antonio Simoes of L&G; and Dan Olley, Hargreaves Lansdown’s chief, will all attend the talks.

More on Rachel Reeves

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Tariffs could disrupt medicine supplies to UK, warns health secretary

What China could do next as Trump’s tariff war ramps up

It will be the latest in a string of meetings the chancellor has held in recent weeks in a bid to boost economic growth.

Her budget last October sparked a furious backlash from the business community, while last month’s spring statement raised fresh fears about the possibility of further tax rises later this year.

None of the companies invited to Wednesday’s meeting would comment when approached by Sky News.

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Crypto execs expect global banking push into Bitcoin by end of 2025

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Crypto execs expect global banking push into Bitcoin by end of 2025

Crypto execs expect global banking push into Bitcoin by end of 2025

Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.

Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.

According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.

“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.

Crypto adoption is not just about Trump

While some investors focus on the pro-crypto stance of US President Donald Trump, Turner emphasized that broader regulatory momentum is what matters most.

“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.

Banks, Paris, Bitcoin Regulation, Policy

Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph

Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:

“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”

“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.

Related: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B

Banks are no longer afraid of Bitcoin regulators

With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.

“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the  US regulatory authorities,” he said, adding:

“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.

Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.

However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.

“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:

“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Source: Raoul Pal

“Also, the US is trying to shut down China tariff arbitrage using other channels such as Mexico or Vietnam,” Pal said.

Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes

China retaliates with new tariffs

Considering China’s latest retaliatory measures, a resolution remains unlikely in the short term.

In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

China overtakes the US in global trade. Source: Econovis

China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.

Crypto markets watch trade outcome closely

As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.

Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.

Related: Crypto market bottom likely by June despite tariff fears: Finance Redefined

Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.

“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:

“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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