Labour has confirmed it could accept a quota of migrants from the EU under a returns agreement it hopes to strike with the bloc if it wins power at the next general election.
Shadow Cabinet Office minister Nick Thomas-Symonds said the “objective” was to secure a returns agreement to establish “management and control of the system” as he accused the Conservatives of having “lost control of our borders”.
Mr Thomas-Symonds spoke to Sky News while Sir Keir Starmer and shadow home secretary Yvette Cooper meet European officials in The Hague – and as the party unveils proposals to treat smuggling gangs “on a par” with terrorists.
The potential for a returns agreement has already attracted controversy, with Tory Party chair Greg Hands accusing Labour of a “shocking open door policy on immigration”.
The EU is currently working on a new returns agreement that would mean each member state takes a minimum annual quota of 30,000 migrants, or pay €20,000 (£17,200) for each person they do not accept.
Mr Thomas-Symonds told Sky News: “What we are looking to do as an objective is a returns agreement.
“At the moment, the government is in a position to return people already to particular countries. They are not fast-tracking that situation. They’re not doing that competently.
Image: Migrants on a patrol boat after trying to cross the English Channel
“What we would be looking for is management and control of the system, which is absolutely vital and not there at the moment under this government.”
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When it was put to him on Sky News that the UK is 13% of Europe’s population and therefore could have to accept the same percentage of migrants under an agreement – equating to around 182,000 people per year – Mr Thomas-Symonds said he did not accept the figure.
He said the exact details would be for a potential future Labour government to negotiate with the EU.
“Our position is that net migration has been too high in the UK and we want to see that coming down. That’s our overall position and that’s something we’d obviously take into any negotiation with the EU,” he said.
Labour also wants to have more UK police officers posted with Europol for joint investigations – aiming to disrupt the gangs before they reach the coast– and work with EU partners on data and intelligence sharing, replacing access the UK lost to certain programmes after Brexit.
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Rishi Sunak hit back at Labour’s assertion that the government has “lost control of the borders” and claimed Sir Keir’s plan would see the UK accept 100,000 migrants from the EU every year – although he did not say how he had calculated this figure.
Speaking to broadcasters on a visit to Devon, the prime minister said the Labour leader “spent all of this year voting against our stop the boats bill, the toughest legislation that any government has passed to tackle illegal migration”.
Will Labour regret taking the fight to the Tories on small boats?
Territory usually seen as belonging to the Conservatives, Sir Keir Starmer is talking tough on immigration.
In The Netherlands with his shadow home secretary Yvette Cooper, the Labour leader has announced Labour’s plans for a new security partnership with Europe to smash the business model of the people smuggling gangs bringing migrants in boats across the Channel.
Labour’s plans include giving more powers to the National Crime Agency, real-time intelligence sharing with European partners and setting up a new cross border policing unit – paid for by scrapping the Rwanda scheme.
Sir Keir also wants to make it possible to restrict the movement of and freeze the assets of those suspected of people smuggling, treating suspected smugglers more like terrorists or drug traffickers.
But it’s a potential returns agreement with the EU that is causing an almighty row.
In an interview with The Times newspaper, the leader of the opposition said accepting quotas of migrants from the EU in exchange for a returns agreement would be reserved for future negotiations with Brussels.
This has alarmed Tories who believe this to be confirmation that Labour would open up the UK’s doors to higher numbers of refugees than we currently already receive.
Shadow minister Nick Thomas-Symonds told Sky News: “A wider returns agreement with the EU – that’s of course subject to negotiation.”
He went on to say that any returns agreement would be “under new arrangements” and that the objective for his party was to reduce net migration.
But government ministers beg to differ.
Home Office minister Robert Jenrick posted on X: “Not content with voting against every one of our measures to stop the boats, Keir Starmer is now opening the door to taking over 100,000 illegal migrants from the safety of the EU. His ‘plan’ is a recipe for even more illegal migration.”
Labour insists their plans will allow the UK to take back control of its immigration system.
But government sources tell Sky News that Sir Keir has made it easier for them to argue that Labour would be soft on immigration.
Small boat crossings will be a critical topic at the next general election but it appears that both parties believe this is one fight they can win.
He added: “I don’t think it’s credible that he really wants to grip this problem.”
In August, The Times reported Mr Sunak was also attempting to secure a returns agreement with the EU, but that the negotiations stalled.
It is likely any agreement would have involved the UK taking a share of EU migration.
Downing Street today told reporters the government was open to a returns deal with the EU but would not accept a quota of migrants in exchange.
The prime minister’s official spokesman did not rule out the possibility of a funding deal which would see UK taxpayers’ money go to Brussels as part of an agreement.
“There are discussions ongoing, so I’m not going to get into whether or not we would or would not fund any further co-operation,” the spokesman said.
In his interview with The Times, the Labour leader said he would treat people smugglers like terrorists by freezing their assets and restricting their movements.
Speaking from The Hague, Sir Keir told broadcasters: “The government has lost control of our borders, and we can see that with the number of crossings there are across the Channel in small boats. We have to stop that.”
He said the “only way to do that is to smash the gangs that are running this vile trade,” and that he had been speaking to Europol today about getting a “closer agreement” to tackle it.
“That is taking control of a situation that the government has totally lost control of,” he declared.
Sir Keir rejected assertions that such a deal with Europe would be a betrayal of the 2016 Brexit referendum, and said the only way to defeat the gangs is to “operate where they’re operating”, which is in Europe and beyond.
Asked about Home Secretary Suella Braverman’s claim that his plan would make Britain Europe’s “dumping ground” for “millions” of illegal migrants, Sir Keir said it’s “embarrassing that the government is pumping out this nonsense”.
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“I can only assume it’s because they’ve got nothing sensible to say on this issue,” he said.
More than 23,000 people have made the dangerous journey across the Channel in the year so far – with over 3,000 making the crossing in September alone.
Mr Sunak has made tackling the issue one of his five priorities for the year, promising to “stop the boats” with measures such as deporting some migrants to Rwanda and housing people on barges.
But both schemes have hit barriers, with Rwanda flights caught up in the courts and an outbreak of Legionella disease on the Bibby Stockholm vessel.
Mr Sunak has repeatedly defended the government’s progress, saying: “We’ve already reduced the legacy backlog by over 28,000 – nearly a third – since the start of December and we remain on track to meet our target.”
Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced.
Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.”
The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country.
Rumors of Binance’s return to the US began to circulate in October after Trump pardoned Zhao, fueled by speculation from crypto industry executives and comments that Zhao made on social media.
“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” Zhao said in October after the pardon.
In June 2019, Binance announced that it would stop serving US customers, and a separate company, called Binance.US and operated by BAM Trading Services, was formed to provide regulatory-compliant services to US users.
In 2023, the US Securities and Exchange Commission alleged that Binance Holdings Ltd. operated both Binance.com and BAM Trading Services.
Binance.US does not feature crypto derivatives or access to the global Binance exchange’s liquidity and operates as a completely separate crypto exchange.
Cointelegraph reached out to Binance and Binance.US but did not receive a response by the time of publication.
The US is considered a key market for crypto exchanges and is ranked as the number two for global crypto adoption, according to Chainalysis’ 2025 Global Crypto Adoption Index. Expanding to the US would open up US liquidity to the world’s largest crypto exchange.
Binance claims the top spot among centralized crypto exchanges in terms of trading volume. Source: CoinGecko
Several US lawmakers voice opposition to the CZ pardon and the crypto industry
Trump’s pardon of Zhao in October drew backlash from several Democratic Party lawmakers in the US, including Massachusetts Senator Elizabeth Warren and California Congresswoman Maxine Waters.
Waters said the pardon was a form of pay-to-play and accused Trump of doing political favors for the crypto industry that “helped line his pockets.”
Warren, who is one of the most vocal critics of the crypto industry, also criticized the pardon, characterizing it as “corruption.”
The comments reflect pockets of resistance among some Democratic lawmakers to the crypto industry’s continued expansion in the US and could signal potential opposition to Binance returning to the US.
KuCoin announced an exclusive multiyear deal with Tomorrowland Winter and Tomorrowland Belgium from 2026 to 2028, making the exchange the music festival’s exclusive crypto and payments partner.
The move comes just weeks after KuCoin secured a Markets in Crypto-Assets Regulation (MiCA) service provider license in the European Union.
KuCoin’s MiCA play goes mass‑market
KuCoin EU Exchange recently obtained a crypto asset service provider license in Austria under the EU’s MiCA regime, giving it a fully regulated foothold in the bloc as Brussels’ new rulebook for exchanges, custody and stablecoins comes into force.
The Tomorrowland deal signals how KuCoin plans to use that status, not just to run a compliant trading venue, but to plug crypto rails directly into mainstream culture.
KuCoin joins forces with Tomorrowland. Source: KuCoin
KuCoin said the Tomorrowland deal will cover Tomorrowland Winter 2026 in Alpe d’Huez, France, and Tomorrowland Belgium 2026 in Boom, Belgium, with the same arrangement continuing through 2028.
KuCoin insists this is not just a logo play. A spokesperson at KuCoin told Cointelegraph that as an exclusive payments partner, the exchange is working with Tomorrowland to weave crypto into the festival’s existing payments stack so that “financial tools” sit behind the scenes of ticketing, merch and food and drink.
The stated goal is to keep the rails “intuitive and invisible,” rather than forcing festivalgoers through clunky wallets or unfamiliar flows, with KuCoin positioning itself as facilitating the secure and efficient movement of value while fans focus on the music.
The company declined to spell out exactly which assets and rails will be supported on‑site, or whether every purchase will run natively onchain, but said that KuCoin’s “Trust First. Trade Next.” mantra runs through its messaging.
The spokesperson stressed advanced security, multi‑layer protection and adherence to EU standards as the foundation for taking crypto beyond the trading screen and into live events.
Tomorrowland’s organizers have been here before. In 2022, the festival announced a Web3 partnership with FTX Europe that promised NFTs and “the future of music festivals” before collapsing along with the exchange itself months later.
That experience makes the choice of a MiCA‑licensed partner, and the emphasis on user protection, more than cosmetic; it is a second attempt at bridging culture and crypto (this time with regulatory scaffolding and clearer guardrails).
Rather than setting public hard targets for user numbers or payment volumes by 2028, KuCoin is pitching success as “seamless integration” of crypto into the festival experience:
“We aim to demonstrate that digital assets can be a core component of global digital finance, moving from a niche technology to a mainstream utility. “