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“Jaden” was stabbed a couple of weeks ago while walking the streets of Croydon, south London.  

Luckily for him, it wasn’t serious. But a week later, he was arrested for carrying a knife of his own.

When we meet him, he tells us he is appearing before magistrates in the morning.

The thing is, Jaden – which is not his real name – is only 13 years old.

Read more: The teenagers killed in London so far in 2023

He seems a quiet boy, dressed in black tracksuit bottoms and wearing a dark coat with the hood pulled up over his head.

A bag is slung over one shoulder and he is constantly looking down at his phone.

We ask about the stabbing. What happened?

He pauses for a moment, then says: “Wrong place, wrong time.”

Welcome to Croydon, one of the most dangerous boroughs in the capital for a child to grow up in. Where “wrong place, wrong time” can be a lethal combination.

It is where local services have been decimated. The local council has declared that it is effectively bankrupt.

And it is where children carry knives.

Youth worker James Watkins
Image:
Community worker James Watkins

There is another huge issue affecting Jaden’s life. He has not been to school at all this year, and that is putting him in huge danger, says James Watkins, a community worker.

“I think a lot of the older gang members target young people who have stopped going to school because they see them as vulnerable,” he explains.

“Sometimes young people just need to feel like they belong and because they’ve been kicked out of school they feel almost cast out of society and they can become easy targets.”

More Black Caribbean pupils are excluded from school than any other ethnic group. In 2021/22, 44% of all exclusions were Black Caribbean despite only making up just over 10% of the school population. And it is a similar figure nationally.

Official figures show that excluded children rarely return to mainstream school. They are cast out to the fringes of an already overstretched education system.

Like most excluded kids, Jaden ended up in a pupil referral unit (PRU) – a segregated school for youngsters for whom no mainstream school can be found. He has been excluded from two PRUs.

Image:
Sky’s Nick Martin

This group of children run the risk of disappearing from the system altogether, and are often called “ghost children”.

But demand for PRU is high and places are often hard to come by, according to Nicola Peters, from the Project for Youth Empowerment.

“The situation is just getting worse by the day and I don’t see it getting any better,” she says. “Demand is skyrocketing and the numbers of children being excluded keeps going up and up.

“There are pupil referral units popping up all over the place and we cannot accommodate all of the children who are being excluded.

“The education system for these kids is collapsing. For a lot of them, school is old and out of date and no longer supports their needs.”

Read more:
Thousands are missing school
The ‘ghost children’ crisis explained
Absence in schools is now at crisis point

The number of children regularly absent from school is double what it was before the pandemic.

Reports of an increase in anxiety among youngsters is also putting pressure on schools.

But there is also some evidence to suggest that there has been a “seismic” shift in parental attitudes towards school attendance.

A report, compiled by the public policy research agency Public First, draws on focus group conversations with parents from different backgrounds across the country, which shed some light on why children are not always in lessons.

A mother of two primary school children from Manchester told the report’s authors: “Pre-COVID, I was very much about getting the kids into school, you know, attendance was a big thing. Education was a major thing.

“After COVID, I’m not gonna lie to you, my take on attendance and absence now is like I don’t really care anymore. Life’s too short.”

But the bigger picture shows a lack of progress by government to tackle the problem.

A recent report by the Education Select Committee, made up of cross-party MPs, was critical of the government’s response to this crisis – saying there had been “no significant improvement in the speed” of reducing the absence numbers to pre-pandemic levels.

Andy Cook chief executive of the Centre for Social Justice
Image:
Andy Cook, chief executive of the Centre for Social Justice

Andy Cook, chief executive of the Centre for Social Justice (CSJ), a centre-right think tank, says the crisis could have far-reaching consequences for society.

“You go into any prison and you talk to the people there, 90% of them say they missed a lot of school on a regular basis. So we need to take this seriously.”

The CSJ says up to 9,000 more young offenders, including 2,000 violent criminals, could be on Britain’s streets by 2027 because of a rise in school absence, according to calculations based on official studies.

“We are storing up ourselves a load of problems,” Mr Cook warned.

“This issue is the whole ball game. It’s the ticking time bomb that’s already gone off. It is the most urgent thing facing us.”

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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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