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Former Post Office boss Paula Vennells will hand back her CBE with immediate effect amid the fallout of the Horizon IT scandal.

The scandal led to the convictions of hundreds of sub-postmasters.

The Horizon issue has come to public attention following the airing of ITV drama Mr Bates vs The Post Office which returned the spotlight to the scandal.

Between 1999 and 2015, more than 700 Post Office branch managers were convicted after the faulty Horizon software made it look like money was missing from their shops.

Ms Vennells said in a statement: “I continue to support and focus on co-operating with the inquiry and expect to be giving evidence in the coming months.

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“I have so far maintained my silence as I considered it inappropriate to comment publicly while the inquiry remains ongoing and before I have provided my oral evidence.

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“I am, however, aware of the calls from sub-postmasters and others to return my CBE.

“I have listened and I confirm that I return my CBE with immediate effect.

“I am truly sorry for the devastation caused to the sub-postmasters and their families, whose lives were torn apart by being wrongly accused and wrongly prosecuted as a result of the Horizon system.

“I now intend to continue to focus on assisting the inquiry and will not make any further public comment until it has concluded.”

John Glen, a minister in the Cabinet Office, said: “Holding those accountable for this tragic miscarriage of justice is essential. It is right that Paula Vennells has handed back her CBE, maintaining the integrity of the honours system.”

Labour’s Kevan Jones told Sky News he was “bemused” by the government’s response, as it nominated Ms Vennells for the honour in 2019.

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‘I was convinced to plead guilty’

Lord Arbuthnot, a former Conservative MP who campaigned on the Horizon scandal, told Sky News that if he had been in Ms Vennells’s position he would not have taken the honour in the first place.

He said: “There were many people who behaved really badly, among them, Paula Vennells, of course.

“But I’m pleased that this has now happened because it means that the subpostmasters can begin to concentrate on the wider picture.”

Who is Paula Vennells?

While honours can only be forfeited to the King, a recipient can renounce theirs voluntarily.

This involves them ceasing to refer to themselves with the title while they go through the process to get it annulled by the monarch.

Ms Vennells joined the Post Office as group network director in 2007, having previously worked at Unilever, L’Oreal, Dixons, Argos and Whitbread.

She is also an ordained priest.

Ms Vennells was made chief executive of the Post Office in 2012, the year the company split from Royal Mail.

The Post Office had been prosecuting sub-postmasters and sub-postmistresses since 2000. It was the year Ms Vennells took over that the company began investigating allegations about the Horizon system.

Five years later, in 2017, a group of staff managed to bring a case against the Post Office in the High Court.

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What is the Post Office scandal

Ms Vennells came under increasing criticism, and eventually stepped down in 2019, when she received her CBE.

When a judge said in 2019 that sub-postmasters and sub-postmistresses should have their convictions overturned, Ms Vennells said she was “truly sorry for the suffering caused”.

Ms Vennells is not the only person or entity to have faced criticism for her actions during the scandal.

Sir Ed Davey, who was postal minister during the coalition years, has had to fend off calls to resign. He said on Monday that the Post Office spun a “conspiracy of lies”.

The prime minister’s spokesman said that Fujitsu would be “held to account, whether legally or financially” if it is found to to be responsibly for the scandal. Fujitsu developed the Horizon software which was at fault.

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A Fujitsu spokesperson said: “The current Post Office Horizon IT statutory inquiry is examining complex events stretching back over 20 years to understand who knew what, when, and what they did with that knowledge.

“The inquiry has reinforced the devastating impact on postmasters’ lives and that of their families, and Fujitsu has apologised for its role in their suffering.

“Fujitsu is fully committed to supporting the Inquiry in order to understand what happened and to learn from it. Out of respect for the inquiry process, it would be inappropriate for Fujitsu to comment further at this time.”

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What Labour is doing to keep the welfare rebels quiet

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What Labour is doing to keep the welfare rebels quiet

Government whips will be overestimating the number of Labour rebels over welfare cuts as a form of “expectation management”, Dame Harriet Harman has said.

Speaking to Beth Rigby on the Electoral Dysfunction podcast, the Labour peer and former deputy leader shed light on some of the dark arts that have traditionally been associated with government whipping operations – whereby MPs are encouraged to vote in line with the government.

Sir Keir Starmer and Rachel Reeves are facing a looming rebellion over the chancellor’s decision to impose nearly £5bn worth of welfare cuts, as outlined in the spring statement on Wednesday.

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Dame Harriet said the “first thing” the government whips will be doing is suggesting that the rebellion will be larger than it is – so it looks less damaging when smaller numbers emerge.

“You’ll see floating around that there’s going to be 50 Labour MPs rebelling against their own government within a year of having been elected on a Labour manifesto,” she explained.

“And probably that’s because they think they’ll be considerably fewer than that. And they’re just setting the expectation.”

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Alongside this, Dame Harriet said there has always been talk about whips – who are responsible for enforcing party discipline – “blackmailing people with private information”.

She said that while this used to be the case when she was first elected as an MP in the 1980s, it would not be happening under the current government.

However, she said the whips will have a “spreadsheet of every single one of the 411 Labour members of parliament because the whips’ job is to get the government business through”.

“They’ll be identifying those who think that they might be at risk of voting against or abstaining,” she said.

“And they will talk to them, and they’ll be reminding them that actually, they really need to be supporting the government and think about the good things the government’s doing – think about the waiting lists coming down in your area.

“Don’t destabilize the government when we’ve only just started, because you know you want to focus the minds of everybody in your constituency on the fact that things are getting better in some areas.

“So they’ll be saying: ‘You promised you’d be voting with the whip. How can you be breaking that promise?'”

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A number of Labour MPs have already expressed their concerns at the changes, particularly following the government’s own impact assessment which stated that around 250,000 families – including 50,000 children – could be pushed into poverty.

Debbie Abrahams, the MP for Oldham East and Saddleworth and the chair of the work and pensions select committee, said: “All the evidence points to cuts in welfare leading to severe poverty and worsened health conditions. How will making people sicker and poorer get people into jobs?”

And Leeds MP Richard Burgon added: “Making cuts instead of taxing wealth is a political choice, and taking away the personal independence payments from so many disabled people is an especially cruel choice.

“A disabled person who can’t cut up their own food without assistance, and can’t go to the toilet without assistance, and can’t wash themselves without assistance will lose their personal independence payment.”

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PM unveils £2bn transport boost to stop North being ‘held ransom’ by outdated system

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PM unveils £2bn transport boost to stop North being 'held ransom' by outdated system

Sir Keir Starmer has unveiled what he says is a major transport boost to stop the North being “held to ransom” by a Victorian-era system.

The prime minister said the £2.15bn investment was a “downpayment for growth” in northern England and a “vote of confidence” in its “world-beating industries”.

Some £415m of the total will be used to improve rail services between Manchester, Huddersfield, Leeds and York.

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Number 10 also said local leaders would get more than £1bn to boost transport, while an additional £270m will be provided to bolster buses and £330m set aside for road maintenance.

The prime minister is due to visit a factory in the North on Friday to urge regions to speed up projects such as a mass transit system in West Yorkshire, a new rail station in Liverpool’s Baltic Triangle area, and the redevelopment of Bury Interchange.

“The North is home to a wealth of talent and ingenuity,” said Sir Keir.

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“But for too long, it has been held to ransom by a Victorian-era transport system which has stifled its potential.”

He added: “I lived in Leeds for years, I get that this has real-world impacts – missed appointments, children late to school, work meetings rescheduled – all leading to insecurity and instability for working people.

“My government won’t stand by and watch. We are rolling up our sleeves, and today’s downpayment for growth is a vote of confidence in the North’s world-beating industries.”

British Prime Minister Keir Starmer attends a press conference at the UK Ambassador's Residence after a meeting with European leaders on strengthening support for Ukraine in Paris, France, March 27, 2025. REUTERS/Stephanie Lecocq/Pool
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The PM says poor transport leads to ‘insecurity and instability for working people’. Pic: Reuters

The multibillion-pound TransPennine Route Upgrade will reduce journey times between Manchester and Leeds from 50 to 42 minutes, while people will save 10 minutes from Manchester to York.

Electrification of the line has been long-delayed.

Sir Keir said it was time industry in the region “had a government on their side to get the North motoring again”.

He said the government was spending “double as much on local transport in the North than the South”.

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Chancellor Rachel Reeves said reliable and affordable public transport links are “essential for kickstarting economic growth and putting more money in people’s pockets”.

She added: “The transport system outside of London and the South East has been plagued by delays and cancellations, frustrated by strikes and failing infrastructure because upgrades that were promised were never delivered.”

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South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont

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South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont

South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont

South Carolina has become the latest US state to dismiss its lawsuit against crypto exchange Coinbase over its staking services, which had accused the crypto exchange of offering unregistered securities.

The lawsuit was officially dismissed in a joint stipulation between the crypto exchange and the South Carolina Attorney General’s securities division on March 27.

“South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against Coinbase,” the firm’s chief legal officer, Paul Grewal, said in a March 27 X post.

“This is not just a victory for us, but for American consumers and we hope it’s a sign of things to come in the few states left that restrict staking.”

South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont

South Carolina Attorney General and Coinbase’s joint stipulation. Source: South Carolina Attorney General

South Carolina and Vermont were two of 10 US states that took legal action against Coinbase’s staking services on June 6, 2023 — the same day that the federal securities regulator filed its lawsuit against the crypto exchange.

The Securities and Exchange Commission officially dismissed that lawsuit on Feb. 27, 2025.

The other eight US states that filed enforcement action similar to South Carolina were Alabama, California, Illinois, Kentucky, Maryland, New Jersey, Washington and Wisconsin. 

Grewal said he hoped to see other states follow suit, and that South Carolina residents lost an estimated $2 million in staking rewards as a result of the lawsuit.

“The 52 million Americans who own crypto deserve commonsense consumer protections and clear rules,” he said. “We applaud South Carolina for standing up for justice and hope the remaining states with bans on staking will take notice.”

South Carolina introduces Bitcoin reserve bill

Meanwhile, a state lawmaker has just introduced the “Strategic Digital Assets Reserve Act of South Carolina” on March 27, which could see the state treasurer allocate up to 10% of certain state funds to cryptocurrencies such as Bitcoin (BTC).

Unlike most US state crypto reserve bills, North Carolina’s House Bill 4256, introduced by Rep. Jordan Pace, mentioned Bitcoin on several occasions for the Strategic Digital Assets Reserve that the bill seeks to establish.

South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont

Source: Jordan Pace

The bill allows South Carolina’s treasurer, currently Curtis Loftis, to establish a Bitcoin reserve that exceeds no more than 1 million Bitcoin — a high ceiling that the US federal government is also looking to reach or exceed with its recently established Strategic Bitcoin Reserve.

The treasurer would be able to add Bitcoin to South Carolina’s General Fund, the Budget Stabilization Reserve Fund any other investment fund that they manage.

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While no mention of stablecoins, non-fungible tokens, Ether (ETH) or any other crypto tokens was made, the House bill said the Strategic Digital Assets Reserve wouldn’t be limited to Bitcoin.

According to Bitcoin Law, 42 Bitcoin reserve bills have been introduced at the state level in 19 states, and 36 of those 42 bills remain live.

Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.

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