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Ever since the surprise Tory Uxbridge by-election victory, attributed to the party’s opposition to the ULEZ congestion charge scheme, Rishi Sunak has been reviewing the government’s net zero commitments.

We are about to hear the results of that review, according to Whitehall sources.

The PM has personally long been cautious about the costs that tackling climate change will impose if done too hastily, and is, it appears, keen to seize the opportunity to do something he believes will go down well with parts of the Tory voter base after a rocky six weeks.

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What will that look like?

We already know the headline conclusion of that review, since new Energy Secretary Claire Coutinho spelled them out in an article in The Sun at the weekend.

She made clear – as No 10 does tonight – that the party will remain committed to reaching net zero carbon emissions by 2050.

More on Net Zero

However, this was coupled with a new promise that no “hard-working families [would be] forced to change their lives or have extra financial burdens put on them,” as she puts it.

That rang immediate alarm bells amongst environmental groups on Sunday.

Now we are about to find out how that complicated circle is squared – and the questions that change in approach will raise.

Two big areas have to change in order for Britain to meet its net zero obligation.

One is in the home – ending the dependence on gas boilers to heat the majority of British homes while making them more energy efficient; the other is moving away from petrol and diesel cars towards electricity powered vehicles.

The targets designed to drive both those changes look as if they are about to be softened. There have been signs for some time that the government would water down its approach to ending dependence on gas boilers.

Under the current plan, there would be a ban on gas and oil boilers in new buildings in 2025 and they would be phased out by 2035, when there was an “ambition” for all new heating systems in the UK to be low carbon after this point.

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What is the net zero climate plan?

The level of ambition looks set to be watered down – no longer is the plan that every boiler will have to be low carbon by this point.

Meanwhile controversial changes to block landlords from renting properties if they did not have a minimum “C” level of energy efficiency (on a scale of A-G) also look likely to be dropped, according to sources.

The second change is a much bigger surprise – reports that the government would push back the date by which new cars must have electric rather than petrol or diesel engines from 2030 to 2035. Electric car manufacturers have poured massive of investment into Britain on the understanding that this target would drive an uptick in purchases.

It was thought by many that the battle in Whitehall had been won by those wanting to keep the target – which has been policy since 2020 – so as not to harm the industry.

Reports tonight by the BBC suggest this might change, and the reaction to this decision will be fascinating.

Some Tory MPs have already expressed their surprise. One calls it “anti-business” and said Sunak is breaking a promise he made in private to Tory MPs. “I’m seriously considering a no confidence letter,” they added.

Read More:
What are Sunak’s green policies – and what could be scrapped?

Other smaller changes likely to be announced within days include a delay to the abolition of off-grid oil boilers which will please rural Tory MPs.

Small wins to appease sections of the backbenches are becoming increasingly important to No 10.

Sunak will present this package as a pragmatic softening while insisting he still believes in the headline targets, and the Tory campaign chiefs will be strongly warning him to avoid presenting himself as an opponent of climate action, which actually loses votes.

Environmental groups will now say the PM has a target but no plan to get there – they say it means the government doesn’t have a plan to meet the net zero promises they made in law.

They regard it as a significant moment since it is the first time the government has rolled back ambition on climate since David Cameron’s “cut the green crap” outburst, and means there is now a very substantial gap between Labour and Tories on this issue.

Sunak, however, believes he needs a roll of the dice to improve his poor political standing – and this could be one of the things that changes his fortunes.

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Specialist teams and online investigators deployed across England and Wales to tackle ‘national emergency’ of violence against women and girls

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Specialist teams and online investigators deployed across England and Wales to tackle 'national emergency' of violence against women and girls

Specialist investigation teams for rape and sexual offences are to be created across England and Wales as the home secretary declares violence against women and girls a “national emergency”.

Shabana Mahmood said the dedicated units will be in place across every force by 2029 as part of Labour’s violence against women and girls (VAWG) strategy due to be launched later this week.

The use of Domestic Abuse Protection Orders (DAPOs), which had been trialled in several areas, will also be rolled out across England and Wales. They are designed to target abusers by imposing curfews, electronic tags and exclusion zones.

The orders cover all forms of domestic abuse, including economic abuse, coercive and controlling behaviour, stalking and ‘honour’-based abuse. Breaching the terms can carry a prison term of up to five years.

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Govt ‘thinking again’ on abuse strategy

Nearly £2m will also be spent funding a network of officers to target offenders operating within the online space.

Teams will use covert and intelligence techniques to tackle violence against women and girls via apps and websites.

A similar undercover network funded by the Home Office to examine child sexual abuse has arrested over 1,700 perpetrators.

More on Domestic Abuse

Abuse is ‘national emergency’

Ms Mahmood said in a statement: “This government has declared violence against women and girls a national emergency.

“For too long, these crimes have been considered a fact of life. That’s not good enough. We will halve it in a decade.

“Today, we announce a range of measures to bear down on abusers, stopping them in their tracks. Rapists, sex offenders and abusers will have nowhere to hide.”

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Angiolini Inquiry: Recommendations are ‘not difficult’

The target to halve violence against women and girls in a decade is a Labour manifesto pledge.

The government said the measures build on existing policy, including facial recognition technology to identify offenders, improving protections for stalking victims, making strangulation a criminal offence and establishing domestic abuse specialists in 999 control rooms.

Read more from Sky News:
Demands for violence and abuse reforms
Women still feel unsafe on streets
Minister ‘clarifies’ violence strategy

Labour has ‘failed women’

But the Conservatives said Labour had “failed women” and “broken its promises” by delaying the publication of the violence against women and girls strategy.

Shadow home secretary Chris Philp said that Labour “shrinks from uncomfortable truths, voting against tougher sentences and presiding over falling sex-offender convictions. At every turn, Labour has failed women”.

Home Secretary Shabana Mahmood will be on Sunday Morning with Trevor Phillips on Sky News this morning from 8.30am.

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The Securities and Exchange Commission publishes crypto custody guide

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The Securities and Exchange Commission publishes crypto custody guide

The United States Securities and Exchange Commission (SEC) published a crypto wallet and custody guide investor bulletin on Friday, outlining best practices and common risks of different forms of crypto storage for the investing public.

The SEC’s bulletin lists the benefits and risks of different methods of crypto custody, including self-custody versus allowing a third-party to hold digital assets on behalf of the investor.

If investors choose third-party custody, they should understand the custodian’s policies, including whether it “rehypothecates” the assets held in custody by lending them out or if the service provider is commingling client assets in a single pool instead of holding the crypto in segregated customer accounts.

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The Bitcoin supply broken down by the type of custodial arrangement. Source: River

Crypto wallet types were also outlined in the SEC guide, which broke down the pros and cons of hot wallets, which are connected to the internet, and offline storage in cold wallets.

Hot wallets carry the risk of hacking and other cybersecurity threats, according to the SEC, while cold wallets carry the risk of permanent loss if the offline storage fails, a storage device is stolen, or the private keys are compromised. 

The SEC’s crypto custody guide highlights the sweeping regulatory change at the agency, which was hostile to digital assets and the crypto industry under former SEC Chairman Gary Gensler’s leadership.