COVID inquiry: Boris Johnson says he has reflected on whether lockdowns ‘did more harm than good’

Published

1 year ago

November 3, 2023

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Boris Johnson has told the COVID inquiry he “would be surprised” if he’d said he was “manipulated or pushed” into implementing the first lockdown.

Written evidence that the former prime minister submitted to the inquiry in August has been published, with Mr Johnson saying he had reflected on whether the lockdowns “did more harm than good”.

It comes after those close to Mr Johnson during his time in Number 10 gave evidence to the inquiry in person this week.

Dominic Cummings, his former chief aide, told the inquiry about the decisions made in the early days of the pandemic and claimed scientists tended to be resistant to the idea of lockdown in late February or early March.

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In his documents to the COVID inquiry, Mr Johnson said: “I would be surprised if I ever said that I had been manipulated or pushed into the first lockdown or that I had been ‘gamed on the numbers’ or anything to this effect.”

He went on to say that he has “reflected (no doubt out loud and no doubt many times) about whether the lockdowns would do (and did do) more harm than good”.

The former PM added: “I believe that it was the duty of any pragmatic and responsible leader to have such a debate, both with himself and with colleagues.

“We were between a rock and a hard place, the devil and the deep blue sea.”

Mr Johnson is expected to give evidence in person to the COVID inquiry later this year.

In his written evidence, he said: “We simply had no good choices, and it was necessary at all times to weigh up the harms that any choice would cause.

“I was very worried about the economic harm caused by the action we took against COVID-19 and whether it would do more damage to the country than the virus itself.

“But I always attached the highest priority to human life and public health.”

Mr Johnson said that while it may have been “possible” to avoid a lockdown, he could not think how this would have been done without a vaccine or drugs and thought it was “highly unlikely”.

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In his evidence to the inquiry this week, Mr Cummings said: “Many journalists now write about March 2020 as if public health experts were longing to do lockdown and bullied the PM into it.

“This story is totally false.

“In fact, public health experts in February-March were overwhelmingly hostile to lockdown, thinking it should not be tried and if tried could not work. Most public health experts only supported lockdown after it was done.”

Politics

Morgan Stanley eyes crypto rollout for E*Trade platform: Bloomberg

Published

2 hours ago

May 1, 2025

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Morgan Stanley eyes crypto rollout for E*Trade platform: Bloomberg

Banking giant Morgan Stanley reportedly plans to list cryptocurrencies on its E*Trade investment brokerage and trading platform.

According to a May 1 Bloomberg report, the firm intends to list crypto assets on E*Trade in 2026. The plan is still in early development, and the bank is said to be exploring partnerships with established crypto firms to power the service. Internal discussions about cryptocurrency support reportedly began in late 2024.

Banking, Banks, Cryptocurrency Exchange, Morgan Stanley — *E*Trade homepage. Source:* *E*Trade*

This would not be Morgan Stanley’s first exposure to digital assets. The bank’s wealthiest clients have had access to crypto exchange-traded funds (ETFs) and futures for some time, with the firm’s advisers allowed to pitch Bitcoin ETFs since August 2024.

Regulatory tailwinds push crypto forward

The news follows previous reports that Morgan Stanley was considering adding cryptocurrency trading to its E*Trade online brokerage platform in early January. The reports at the time cited the expectations of a friendlier crypto regulatory environment.

The move comes amid an increasingly favorable regulatory environment in the United States following the election of President Donald Trump, who campaigned on a pro-crypto platform and is personally involved in several blockchain ventures.

The first 30 days of the Trump administration brought significant changes to the local crypto industry. More recently, US crypto proponents have shown optimism following the swearing-in of pro-crypto Securities and Exchange Commission Chair Paul Atkins.

The SEC had significantly changed its stance even before Atkins took office. In late February, the agency had already paused multiple cryptocurrency enforcement cases with imminent deadlines.

This is a developing story, and further information will be added as it becomes available.

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Politics

Eric Trump: USD1 will be used for $2B MGX investment in Binance

Published

3 hours ago

May 1, 2025

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Eric Trump: USD1 will be used for B MGX investment in Binance

Abu Dhabi-based investment firm MGX will use a stablecoin linked to US President Donald Trump’s family to settle a $2 billion investment in Binance, the world’s largest cryptocurrency exchange.

The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-associated crypto platform World Liberty Financial (WLFI) in March 2025.

MGX will use the USD1 stablecoin for its $2 billion investment in the Binance exchange, according to an announcement by Eric Trump during a panel discussion at Token2049 in Dubai. Trump, the son of the president, serves as executive vice president of the Trump Organization.

Eric Trump: USD1 will be used for $2B MGX investment in Binance — *Source:* *Cointelegraph*

MGX announced its investment in Binance on March 12, marking the first institutional investment in the exchange and one of the biggest funding deals in the entire Web3 industry.

At the time, Binance declined Cointelegraph’s request to disclose what stablecoin was used in the transaction.

This marks the Abu Dhabi-based investment firm’s first venture into the cryptocurrency space.

Banks, financial system is “a joke,” says Eric Trump

During the panel discussion, Eric Trump criticized the inefficiencies and limited operating hours of the traditional financial system:

“The US is seeing that the financial world has to progress. It’s a joke. Why do banks run nine to five, Monday to Friday, with an hour and a half of lunch break? It doesn’t make sense.”

Sending money internationally through SWIFT is slow, costly, and complex. Crypto makes banks redundant,” he added.

The average transaction time on the SWIFT payment network is 20 hours and seven minutes, according to analysis published by Statrys. However, 75% of SWIFT transactions involve one or two intermediary banks, meaning that these average 1 day and 11 hours to settle.

In contrast, a USDt (USDT) or USDC (USDC) stablecoin transaction on Ethereum will settle within two to five minutes.

“We’re at the dialogue phase of the crypto revolution right now, and the people who are going to make it big are the people who see it today, not in five years,” Eric Trump added.

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Politics

Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

Published

7 hours ago

May 1, 2025

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Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

Voting is under way in local elections across England, as well as in the Runcorn and Helsby by-election.

Due to Ofcom rules, Sky News is limited on what it can report until polls close at 10pm.

The votes mark the first electoral test for the party leaders since last year’s general election.

In total, 23 of England’s 317 local authorities are holding elections, alongside the Isles of Scilly.

The make up of around 1,270 parish councils are also due to be decided.

And six metro mayors are up for election.

The West of England, Cambridgeshire and Peterborough, Doncaster, and North Tyneside mayoralties already have a mayor in place – while Greater Lincolnshire and Hull and East Yorkshire are choosing a mayor for the first time.

Meanwhile, a by-election is being held in Runcorn and Helsby after previous Labour MP Mike Amesbury agreed to stand down following his conviction for punching a man in the street.

While this result is likely to come in overnight, most local election results won’t be known until Friday.

All voters in these elections must be over 18, and be registered.

Join Sky News presenter Jonathan Samuels and deputy political editor Sam Coates from midnight as the results start coming in. Lead politics presenter Sophy Ridge, political editor Beth Rigby, and data and economics editor Ed Conway will be taking over on Friday to report and explain what has happened.