James Cleverly will announce he is still reviewing measures to reduce legal migration on Monday, as the government fights to convince its own backbenchers it can exercise control over UK borders.
Next month Prime Minister Rishi Sunak will then set out the results of the review alongside details of the new treaty with Rwanda and emergency legislation to enable migrants to be sent to Rwanda for processing, amid a growing split inside the Conservative Party over the way forward on migration.
The new home secretary will on Monday concede that Britain has not yet reasserted control of who is coming into the country in front of MPs, in his first Commons appearance since the ONS revealed more than a million people have net arrived in the UK in the last two years, according to the Politics at Jack and Sam’s podcast by Sky News and Politico.
In the most important moment since becoming home secretary, Mr Cleverly is likely to say that legal migration must be brought down and that illegal migration should be zero.
He will nod to the range of options that the government will suggest to curb legal migration, from banning workers from bringing dependants, or restricting them to one relative, increasing the minimum salary threshold for skilled workers and a cap on overall care worker numbers.
He will emphasise that the existing plan to stop students bringing dependants which are about to be implemented could also make a big difference.
However he is likely to face challenges from MPs concerned at his emphasis that the Rwanda policy is not a “silver bullet” and his resistance to the idea that leaving the European Convention of Human Rights (ECHR) might ultimately make the decisive difference to stopping small boats crossing the channel.
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In the coming days, Sunak and Cleverly must make one of the most critical decisions of this government’s time in office over how draconian to be in emergency legislation to force through Rwanda.
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UK migration: What the numbers tell us
There is huge pressure from the Tory right to pass a law saying that the ECHR and other human rights legislation does not apply to the Rwanda policy, while there is concern in government that even doing this will anger those allies in the international community who need to strike returns deals.
For details of this dilemma, and the other ways post-Brexit Britain is seeking to establish itself on the world stage, listen to Politics at Jack and Sam’s above or download it wherever you get your podcasts.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.