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Rishi Sunak dodged questions over the future of HS2 as he spoke to local radio stations across the country.

The prime minister was repeatedly asked about the northern leg of the high speed rail line between Birmingham and Manchester.

He was also quizzed on whether the route would now end in the west London suburb of Old Oak Common rather than Euston, as reports continue to surface that he plans to scrap the next phase of the project due to soaring costs.

Read more: PM pushed in series of live interviews – follow politics live

In a tough exchange on BBC Radio Manchester, Mr Sunak refused to give a yes or no answer to the presenter, saying: “I’m not speculating on future things.”

But he hinted at more support for the so-called Northern Powerhouse Rail, running east to west, adding: “Having greater frequency, greater capacity and shorter journey times… will make the biggest difference to unlocking the massive potential across the North”.

He also appeared to defend the viability of Old Oak Common on BBC Three Counties Radio, saying it had “very strong” connections into the capital.

More on Hs2

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Earlier this week, Rishi Sunak again refused to confirm the future of HS2’s northern leg.

HS2 was first touted by Labour in 2009, before it was signed off by the Tory Lib Dem coalition government. It was designed to connect the South, the Midlands and the North of England with state-of-the-art infrastructure.

If the Manchester leg were to be axed, it would be the latest watering down of the project, with the eastern leg to Leeds scrapped entirely and work between Birmingham and Crewe delayed due to the impact of inflation.

Some estimates have put the total cost at more than £100bn, while the project has been rated “unachievable” by the infrastructure watchdog.

The line has numerous defenders, from Tory grandees like Lord Heseltine and former chancellor George Osborne, through to Labour’s regional mayors, who have criticised the government for not involving them in the decision over its future.

An announcement on the scrapping of phase two and the London terminus had been expected this week – but it has yet to surface just days before the Conservative Party heads to Manchester for its annual conference.

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Speaking to Sky News, Greater Manchester Mayor Andy Burnham said people in the North were being ‘treated like second class citizens’.

Almost a year to the day former prime minister Liz Truss faced a battering on BBC local stations, Mr Sunak carried out the same pre-conference media round, beginning with BBC York, which asked him if he had “betrayed” the North over HS2.

“No,” he replied. “I think what people will see… [is] we’re investing record amounts in improving infrastructure but also delivering levelling up. I mean making sure that our town centres and high streets get the investment that they need.

“That’s really important and making sure that, as I say, transport infrastructure is being improved.”

Asked if the northern leg would go ahead by BBC West Midlands, the prime minister said: “There are spades in the ground right now at the moment making sure that we complete the first part of this line from Birmingham to central London, and we are absolutely getting on with that, that is important.”

But he deflected to talk about other forms of travel, saying: “We are investing in the transport that they use every day, making sure that the roads that people are using, probably right now as they are driving to work or taking their kids to school, are free of potholes, that the bus services that we have are reliable and frequent.”

Read more:
What is HS2 and why are parts being delayed?
Ex-minister calls for inquiry into HS2 as he warns of ‘disastrous’ consequences
Johnson and Cameron criticise move to ditch HS2 to Manchester

Mr Sunak’s third outing came on BBC Manchester and presenter Anna Jameson accused him of “trying to get off” the HS2 topic, asking: “Let’s end this right here right now, tell the people of Greater Manchester, are you scrapping the HS2 line between Birmingham and Manchester?”

The PM replied: “I know there is a lot of speculation on this but we have already got spades in the ground on the first bit of HS2 and what we are doing is getting on with delivering it.”

Pushed on the northern leg, he said: “It is always right that the government is looking at things to make sure we are doing things in a way that creates value for money.

“But what I would say is HS2 is one of the many things we are doing to level up across our country and is one of the many things we are doing to invest in the north and in transport infrastructure in the north.”

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Accusing him of “going off topic”, the presenter asked him to “keep focus”, adding: “We are straight talking people in the north it is a yes or a no, are you scrapping the HS2 line between Birmingham and Manchester?”

But again Mr Sunak insisted he would not be “speculating on future things”. However, he again put the focus on the need for greater connectivity east to west, hinting it could be on offer if the north to south plan is ditched.

“Connectivity across northern towns and cities is important,” added the prime minister. “I’ve said it for years.

“I know that that connectivity across the Pennines is not good enough. And it’s not just Liverpool to Manchester, it’s all the way across the North. And that is probably the thing that will drive the most growth, create the most jobs if we can get that right. And that’s why we are investing in doing that. But we obviously need to do more.”

English regions unite in calling for answers on HS2



Mhari Aurora

Political correspondent

@MhariAurora

The countdown to Conservative party conference has begun, and while Rishi Sunak would most likely want to be focused on the allocated themes of each day – the economy, cutting waiting lists and stopping the boats – HS2 looks set to derail that agenda.

On a whistle-stop tour of eight regional radio stations this morning, the prime minister was asked about the controversial trainline by more than half of them.

Unsurprisingly the West Midlands and Manchester stations grilled Sunak on the northern leg of the line.

Mr Sunak insisted there were spades in the ground building the line from Birmingham to central London, but as Old Oak Common is situated in the London travel zone two, most would not class that as the heart of the city.

The prime minister was accused of going against the North and betraying its people, to which he responded, “I know acutely where the challenges are”, and that he was focused on investing in transport links that people use on a daily basis.

But his justification for focusing on investing in local rail lines and roads making it easier for people to get around would bring jobs, drive growth and make life better for everyone could be interpreted as somewhat ironic, as some would argue HS2 would do exactly that.

The presenter on the Manchester station questioned whether Mr Sunak would be able to hang on to so-called ‘Red Wall’ seats if he continued the Tory record of broken promises to the North of England.

And after being played a clip of a leaked recording in which Mr Sunak takes credit for diverting funds from poor urban areas to rural places, the station accused him of not caring about areas like theirs.

But immediately after that on the Shropshire radio station, the very first question asked was whether he was ignoring rural communities.

And on the Three Counties radio station, the presenter played a recording of one man crying because he felt the HS2 development had destroyed his town of Wendover.

Indicative of the conflicting directions in which Mr Sunak is being pulled, the prime minister is under incredible pressure to not only make a decision on the future of the highspeed rail link, but to make the right one.

But that decision looks starkly different depending on who you ask.

On BBC Three Counties Radio, Mr Sunak was pushed over the final destination for HS2 in the capital, with presenter Babs Michel asking: “Where is Old Oak Common? Because it appears [it] is closer to Brentford than Trafalgar Square, so what is the point… it doesn’t help us at all.”

But the prime minister appeared to defend it as a sensible place to terminate the link, saying: “Old Oak Common is on the new Elizabeth Line and actually the connections from Old Oak Common to most London destinations, whether that is Heathrow, the City, the West End, Canary Wharf, are actually very strong.

“Obviously it is a new station that people won’t be familiar with, but its connectivity into all those areas is very strong.”

During the interviews, Mr Sunak was also challenged on crumbling concrete, waiting times for ambulances – and whether he wanted to buy Reading Football Club.

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Speaking to Sky News ahead of Mr Sunak’s interviews, transport minister Richard Holden said it was right the government carefully considers spending around the high-speed rail project.

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Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

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Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Lawmakers in the US states of Minnesota and Alabama filed companion bills to identical existing bills that if passed into law, would allow each state to buy Bitcoin.

The Minnesota Bitcoin Act, or HF 2946, was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following an identical bill introduced on March 17 by GOP state Senator Jeremy Miller.

Meanwhile, on the same day in Alabama, Republican state Senator Will Barfoot introduced Senate Bill 283, while a bi-partisan group of representatives led by Republican Mike Shaw filed the identical House Bill 482, which allows for the state to invest in crypto, but essentially limits it to Bitcoin (BTC).

Twin Alabama bills don’t explicitly name Bitcoin

Minnesota’s Bitcoin Act would allow the state’s investment board to invest state assets in Bitcoin and other cryptocurrencies and permit state employees to add crypto to retirement accounts.

It would also exempt crypto gains from state income taxes and give residents the option to pay state taxes and fees with Bitcoin.

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Source: Bitcoin Laws

The twin Alabama bills don’t explicitly identify Bitcoin, but would limit the state’s crypto investment into assets that have a minimum market value of $750 billion, a criterion that only Bitcoin currently meets.

26 Bitcoin reserve bills now introduced in the US

Introducing identical bills is not uncommon in the US and is typically done to speed up the bicameral legislative process so laws can pass more quickly.

Bills to create a Bitcoin reserve have been introduced in 26 US states, with Arizona currently the closest to passing a law to make one, according to data from the bill tracking website Bitcoin Laws.

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Arizona currently leads in the US state Bitcoin reserve race. Source: Bitcoin Laws

Pennsylvania was one of the first US states to introduce a Bitcoin reserve bill, in November 2024. However, the initiative was reportedly eventually rejected, with similar bills also killed in Montana, North Dakota, South Dakota and Wyoming.

Related: North Carolina bills would add crypto to state’s retirement system 

Law, Bitcoin Regulation, United States, Policy, Bitcoin Reserve

Montana, North Dakota, Pennsylvania, South Dakota and Wyoming are the five states thathave rejected Bitcoin reserve initiatives. Source: Bitcoin Laws

According to a March 3 report by Barron’s, “red states” like Montana have faced setbacks to the Bitcoin reserve initiatives amid political confrontations between the Democratic Party and the Republican Party.

Additional reporting by Helen Partz.

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

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US House committee passes stablecoin-regulating STABLE Act

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US House committee passes stablecoin-regulating STABLE Act

US House committee passes stablecoin-regulating STABLE Act

Update (April 3, 5:43 am UTC): This article has been updated to add information on the STABLE Act and GENIUS Act.

The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote.

The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2, with six Democrats voting in favor.

The bill was introduced on Feb. 6 by committee Chair French Hill and the chair of its Digital Assets Subcommittee, Bryan Steil — reportedly drafted with the help of the world’s largest stablecoin issue, Tether.

US House committee passes stablecoin-regulating STABLE Act

Source: Financial Services GOP

The bill would provide rules around payment stablecoins, a crypto token tied to a currency such as the US dollar, and aims to ensure issuers give information about their business and how they back their tokens.

During an earlier markup session, the committee’s leading Democrat, Maxine Waters, who later voted against the bill, criticized her Republican peers for “setting an unacceptable and dangerous precedent” with the STABLE Act.

She said President Donald Trump could use the bill to allow his family’s stablecoin to be used in government payments, and argued the bill validates Trump “and his insiders’ efforts to write rules of the road that will enrich themselves at the expense of everyone else.”

In late March, the Trump family’s World Liberty Financial crypto venture launched a stablecoin, World Liberty Financial USD (USD1). Meanwhile, the US Housing Department, which oversees social housing, was reportedly looking to experiment with using stablecoins for some of its functions.

Stablecoin GENIUS Act also weaves through Congress 

Other stablecoin-related bills are also working their way through Congress, including the Republican-led Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, which lays out oversight and reserve rules for issuers.

Related: Crypto has a regulatory capture problem in Washington — or does it?

The US Senate Banking Committee voted through the GENIUS Act in an 18-6 vote on March 13, after Senator Bill Hagerty, one of the bill’s co-sponsors, updated it following consultation with the Committee’s Democrats.

Before the vote, Democratic Senator Kirsten Gillibrand said the updated GENIUS Act made “significant improvements to a number of important provisions” in areas such as consumer protections and authorized stablecoin issuers.

Both the STABLE Act and GENIUS Act will now wait until debate time on the floor of the House and Senate, respectively, before they head for a floor vote.

Crypto journalist Eleanor Terrett reported on X that two unnamed crypto lobbyists said there is likely to be “a coordinated push behind the scenes over the next few weeks to get the two bills to mirror each other, as there are still some differences between them.”

Doing so would “avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.

Magazine: How crypto laws are changing across the world in 2025

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‘My lawyers are ready’ for questions about corruption claims, ex-minister tells Sky News

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'My lawyers are ready' for questions about corruption claims, ex-minister tells Sky News

Tulip Siddiq has told Sky News her “lawyers are ready” to handle any formal questions about allegations she is involved in corruption in Bangladesh.

Asked whether she regrets apparent links with the Bangladeshi Awami League political party, Ms Siddiq said “why don’t you look at my legal letter and see if I have any questions to answer… [the Bangladeshi authorities] have not once contacted me and I’m waiting to hear from them”.

The London MP resigned as a Treasury minister in January after being named in several corruption inquiries in Bangladesh.

In her first public comments since leaving government, Ms Siddiq said “there’s been allegations for months on end and no one has contacted me”.

Last month, the interim leader of Bangladesh told Sky News the MP had “wealth left behind” in the country “and should be made responsible”.

Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.

The letter said the ACC must put questions to Ms Siddiq “by no later than 25 March 2025” or “we shall presume that there are no legitimate questions to answer”.

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Staff from the NCA visited Bangladesh as part of initial work to support the interim government in the country.

In a post online today, the former minister said the deadline had expired and the authorities had not replied.

Sky News has approached the Bangladeshi government for comment.

The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina – who served as the prime minister of Bangladesh for 20 years.

Ms Hasina was forced to flee the country in August following weeks of deadly protests.

She is accused of becoming an autocrat, with politically-motivated arrests, extra-judicial killings and other abuses allegedly happening on her watch. Hasina claims it’s all a political witch hunt.

Electrocuted on their genitals and mouths sewn up: Inside Bangladesh’s ‘death squad’ jails

Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads.

She referred herself to the prime minister’s standards adviser Sir Laurie Magnus who said he had “not identified evidence of improprieties” but added it was “regrettable” Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.

Ms Siddiq said continuing in her role would be “a distraction” for the government but insisted she had done nothing wrong.

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