The government is facing renewed calls to label China a threat after the arrest of a parliamentary researcher on suspicion of spying for the superpower.
Deputy Prime Minister Oliver Dowden was delivering a statement on the matter in the House of Commons.
Earlier in the afternoon, Speaker Sir Lindsay Hoyle warned MPs against going into details on the matter – or naming the suspect who was arrested – during the debate.
A slew of Conservative MPs – some of them sanctioned by China – shared their displeasure about the fact they were not told about the arrest of the researcher when it happened.
They, alongside MPs on opposition benches, called on the government to label China a threat to the UK.
Prime Minister Rishi Sunak also spoke in the Commons after meeting with China’s premier Li Qiang at the G20 over the weekend.
Mr Sunak said: “The sanctity of this place must be protected and the right of members to speak their minds without fear or sanction must be maintained.
“We will defend our democracy and our security – so I was emphatic with premier Li that actions which seek to undermine British democracy are completely unacceptable and will never be tolerated.”
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Image: Oliver Dowden said the government had been ‘clear-eyed’ about China
Mr Dowden repeated the government’s position laid out in the integrated review refresh earlier this year, that China was a “systemic challenge” to the UK.
Liz Truss, the former foreign secretary and former prime minister, labelled China as the “largest threat, both to the world and to the United Kingdom, for freedom and democracy.”
Sir Iain Duncan Smith, another ex-leader of the Conservative Party, said: “It’s appalling news that we have a potential cell operating in and around Westminster, an espionage cell, and I as a sanctioned individual alongside many of my colleagues are particularly perturbed by this particular news.”
He added: “The problem lies in the mess we’ve got into over what we define China as in respect to us. Are they a threat or are they not? If they are a threat, why don’t we call them a threat and take the relative action that is necessary to deal with them on that basis and sanction some people?”
Conservative MPs Tim Loughton, Theresa Villiers and Sir Bob Seely also called for the government to take more action.
Quite a lot, according to several Conservative MPs who got up to call for a more robust approach to China in the Commons this afternoon.
Deputy Prime Minister Oliver Dowden did say the government was “clear about the threat that China poses” but the core position still appears to be that Beijing represents a “systemic challenge”.
That’s not hard enough for many on the backbenches who want China officially designated as a threat, sanctions imposed on individuals and the country barred from an artificial intelligence conference being held in the UK this autumn.
Such a change seems unlikely for now.
The Foreign Office has set out a clear policy of cautious engagement with Beijing, on the grounds of economic necessity and in the search for global solutions to problems like climate change and pandemics.
In a Commons session where any talk of the arrested individual was quickly shut down by the Speaker, one specific question connected to the case did come up.
Did Foreign Secretary James Cleverly raise the alleged Chinese spy with Beijing when he visited two weeks ago?
No, came the answer from Mr Dowden, who said while ministers regularly raise the broader issue of interference – they wouldn’t talk about specific cases, especially ones currently subject to a police investigation.
Mr Dowden conceded China was the “number one state-based threat” to the UK’s economic security.
The minister added the UK government had been “clear-eyed” about the threats China poses towards the UK, and was taking action to tackle them – such as banning Huawei from UK infrastructure and banning TikTok on government phones.
Sir Keir Starmer, who responded to Mr Sunak’s statement, pushed the government on whether Foreign Secretary James Cleverly knew about the arrests before he became the first foreign secretary to visit China in five years.
The visit took place in August, five months after the arrest took place.
Mr Sunak said: “I am sure he will appreciate that as there is an ongoing investigation, as you have also said Mr Speaker, I am limited in what I can say specifically.
“But I have been emphatically clear in our engagement with China that we will not accept any interference in our democracy and parliamentary system.”
Sir Iain asked Mr Dowden a similar question earlier, and was told by the minister that a running commentary could not be provided.
In a statement released by his lawyers, the arrested man said: “I feel forced to respond to the media accusations that I am a ‘Chinese spy’. It is wrong that I should be obliged to make any form of public comment on the misreporting that has taken place.
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“However, given what has been reported, it is vital that it is known that I am completely innocent. I have spent my career to date trying to educate others about the challenge and threats presented by the Chinese Communist Party.
“To do what has been claimed against me in extravagant news reporting would be against everything I stand for.”
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.
Image: Space Cafe director Marie Moss says a sense of community has faded
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.
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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.
Image: Runcorn 2024 result
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?
Image: Taxi driver Mike Holland has voted for Labour for decades, but is now looking at the Lib Dems and Greens – or may not vote at all
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.
Image: Makeup artist Nadine Tan is concerned about division and anger in the community
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.
Image: Labour MP Mike Amesbury was convicted of punching a man in the street. Pic: Reuters
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
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.
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.
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.
United States Senator Jon Ossoff expressed support for impeaching President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders.
“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News.
“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”
Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.
The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party currently has a majority in both the House of Representatives and the Senate.
TRUMP holders can register to dine with the US President. Source: gettrumpmemes.com
On April 23, the Official Trump (TRUMP) memecoin’s website announced plans for Trump to host an exclusive dinner at his Washington, DC golf club with the top 220 TRUMP holders.
The website subsequently posted a leaderboard tracking top TRUMP wallets and a link to register for the event. The TRUMP token’s price has gained more than 50% since the announcement, according to data from CoinMarketCap.
The specific guest list is unclear, but the memecoin’s website states that applicants must pass a background check, “can not be from a [Know Your Customer] watchlist country,” and cannot bring any additional guests.
On April 25, the team behind TRUMP denied social media rumors that TRUMP holders need at least $300,000 to participate in an upcoming dinner with the president.
“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” they wrote.
The TRUMP token jumped on news of the private dinner plans. Source: CoinMarketCap
Legal experts told Cointelegraph that Trump’s cryptocurrency ventures, including the TRUMP memecoin and Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial, raise significant concerns about potential conflicts of interest.
“Within just a couple of days of him taking office, he’s signed a number of executive orders that are significantly going to affect the way that our crypto and digital assets industry works,” Charlyn Ho of law firm Rikka told Cointelegraph in February.
“So if he has a personal pecuniary benefit arising from his own policies, that’s a conflict of interest.”