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Rishi Sunak has insisted he will “ignore” international law in order to ensure asylum seekers get deported to Rwanda.

The prime minister managed to get his controversial policy through its latest parliamentary stage last night after days of rebellions from Conservative MPs, who want to see the bill toughened up.

But despite two rebel sources telling Sky News’s political editor Beth Rigby that ‘no confidence’ letters had now been submitted over his leadership, he insisted his party was “completely united in wanting to stop the boats”.

Mr Sunak also claimed his plan to stop small boat crossings in the Channel was “working” – despite government figures showing a further 358 asylum seekers arrived in the UK on Wednesday.

Follow live: Unusual guest takes seat at ‘utterly bizarre’ briefing

Opposition parties called out Mr Sunak for focusing on the “unworkable and expensive policy” of Rwanda instead of tackling crises in the NHS and the economy.

Liberal Democrat leader Sir Ed Davey said the events of recent days “confirms how desperately out of touch and out of ideas this Conservative government is”, while the SNP’s Alison Thewliss said Mr Sunak’s priorities were “all wrong and the public are fed up”.

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Moment Rwanda plan clears Commons

Government legal advice states that failing to comply with so-called section 39 orders from European courts – used previously to stop deportation flights taking off before additional court hearings – would be a breach of international law.

Rule 39 orders are issued by the European Court of Human Rights (ECHR) on an exceptional basis, where there is a “real risk of serious and irreversible harm”.

Asked at today’s press conference whether he would be willing to ignore such rulings, Mr Sunak said: “I’ve been crystal clear repeatedly that I won’t let a foreign court stop us from getting flights off and getting this deterrent up and running.

“The bill specifically contains a power that makes clear that ministers are the ones that make these decisions. Parliament has supported that.

“[The bill also] makes it perfectly clear that the domestic courts should respect that decision.”

He added: “I would not have put that clause in the bill if I was not prepared to use it. So, look, if you’re asking me are there circumstances in which I will ignore rule 39, then the answer is clearly yes.”

Sunak ignores party drama to focus ire on the Lords


Amanda Akass is a politics and business correspondent

Amanda Akass

Political correspondent

@amandaakass

The prime minister began his press conference by attempting to dismiss all the drama and debate of the past few days – the questions about his leadership, the doubts the policy would work – with the optimistic claim “the Conservative Party has come together”.

That’s highly debatable on a morning in which rebels are claiming to have submitted ‘several’ letters of no confidence.

Rather than dwelling on the internal divisions within his party, however, he optimistically wanted to project himself as a man intent on tackling the “biggest challenges that face the country”, that he’s getting on with the job, and that his plan is working.

But the key focus was to lecture the House of Lords on the importance of passing the legislation as soon as possible – urging them to “get on board and do the right thing” and “move as quickly as we have” – stressing the “appointed” nature of members of the Upper House compared to the “elected” Commons.

He’s singling out the “opposition” in the Lords – and while it’s true that Labour categorically oppose the plan, it’s worth remembering the last time the scheme was debated there, the most stinging criticism came from the archbishops and law lords, who are non-affiliated.

While you’d expect a Conservative prime minister to focus his attacks on Labour for “sniping from the side-lines” of his policy, taking on the Lords more broadly is an odd strategy.

Some of the language used – suggesting they might “try and frustrate the will of the people” – was reminiscent of the Brexiteer condemnation of Supreme Court judges as “enemies of the people”.

Mr Sunak has found it hard enough to keep his MPs on board. He certainly doesn’t have the same power over the Lords – but he’s come out fighting.

It seems he is pre-emptively seeking to blame the Lords for any further delay to the plan too.

Repeatedly asked by journalists whether he’s sticking to his pledge to see deportation flights taking off by the spring, he was unable to repeat that previous commitment – indeed, he wasn’t even able to say planes would take off before the next general election, which seems likely to be in the Autumn.

The prime minister insisted at the end of last year that the first flights to Rwanda would take off “in the spring”.

Asked if this was still the case, Mr Sunak said: “I want to see this happen as soon as practically possible. Of course I do.”

But he threw the deadline to the House of Lords – where the bill will face its next round of scrutiny and is expected to be bitterly opposed by numerous peers.

He said: “The question is will the House of Lords understand the country’s frustration, see the will of the elected House [the Commons] and move as quickly as we have to support this legislation so we can get it on the statute books and then get flights up and running?”

Barrister and cross-bench peer Lord Carlisle described the prime minister’s press conference as “banal”, “vacuous” and “extremely repetitive”, telling Sky News: “It is plain… [Mr Sunak] doesn’t understand anything about the way the House of Lords operates. We are not there to thwart the government.”

He described the government’s course of action as a “step towards totalitarianism, saying: “When a government decides to push aside its senior courts – and here we’re talking about something that arose in the UK Supreme Court – that is certainly a first step towards a very undesirable form of government.”

Read more on Rwanda bill:
How did your MP vote?
What happens next?

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Sky News captured footage of a boat carrying migrants across the Channel on Wednesday

The prime minister also said he was “proud of the progress” the government had made on tackling small boat crossings, and claimed his plan was “working” – albeit admitting there was “not one single silver bullet that will fix it”.

But shortly after the press conference, the latest statistics showed 358 people in eight boats had made the dangerous journey to the UK shore on Tuesday alone, bringing the total for 2024 so far to 621.

The controversial Rwanda bill is designed to send asylum seekers arriving in the UK on small boats to the African nation, and act as a deterrent to others from making Channel crossings.

Around 60 Tory MPs defied the government by voting for amendments to toughen up the law – including proposals to limit appeals and stop interventions against deportation flights from international courts.

But none of the changes were approved in the Commons, and when it came to a vote on the bill in its entirety, only 11 Conservatives – including former home secretary Suella Braverman and ex-immigration minister Robert Jenrick – chose to rebel.

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In fact, several of the prominent figures who publicly argued the legislation needed to be tougher fell into line when the crunch vote came late last night – with two MPs who resigned their party posts in order to back rebel amendments walking through the yes lobby.

However, Ms Braverman, who was fired as home secretary in Mr Sunak’s last reshuffle, posted on X that the Rwanda bill would “not stop the boats” in its current form and “leaves us exposed to litigation and the Strasbourg court”.

She added: “I engaged with the government to fix it but no changes were made. I could not vote for yet another law destined to fail.”

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Starmer: Rwanda policy a ‘farce’

Despite overcoming disquiet on his backbenches, Mr Sunak is not out of the woods yet, with Tory rebel sources telling Sky News’s political editor Beth Rigby that “several” MPs had submitted no confidence letters in the prime minister as a result of the internal row.

Asked by Sky News what his message was to those Tories who had voted down his bill in parliament last night, Mr Sunak said: “The plan is working right across the board. You can see that progress is being made. And our job is to stick to that plan, deliver for the country.”

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Nearly 400,000 FTX users risk losing $2.5 billion in repayments

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Nearly 400,000 FTX users risk losing .5 billion in repayments

Nearly 400,000 FTX users risk losing .5 billion in repayments

Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.

Roughly 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware.

FTX users originally had until March 3 to begin the verification process to collect their claims.

“If a holder of a claim listed on Schedule 1 attached thereto did not commence the KYC submission process with respect to such claim on or prior to March 3, 2025, at 4:00 pm (ET) (the “KYC Commencing Deadline”), 2 such claim shall be disallowed and expunged in its entirety,” the filing states.

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

FTX court filing. Source: Bloomberglaw.com

The KYC deadline has been extended to June 1, 2025, giving users another chance to verify their identity and claim eligibility. Those who fail to meet the new deadline may have their claims permanently disqualified.

According to the court documents, claims under $50,000 could account for roughly $655 million in disallowed repayments, while claims over $50,000 could amount to $1.9 billion — bringing the total at-risk funds to more than $2.5 billion.

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

FTX court filing, estimated claims. Source: Sunil

The next round of FTX creditor repayments is set for May 30, 2025, with over $11 billion expected to be repaid to creditors with claims of over $50,000.

Under FTX’s recovery plan, 98% of creditors are expected to receive at least 118% of their original claim value in cash.

Related: FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse

How FTX users can complete KYC

Many FTX users have reported problems with the KYC process.

However, users who were unable to submit their KYC documentation can resubmit their application and restart the verification process, according to an April 5 X post from Sunil, FTX creditor and Customer Ad-Hoc Committee member.

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

FTX KYC portal. Source: Sunil

Impacted users should email FTX support (support@ftx.com) to receive a ticket number, then log in to the support portal, create an account, and re-upload the necessary KYC documents.

Related: Crypto trader turns $2K PEPE into $43M, sells for $10M profit

FTX’s Bahamian subsidiary, FTX Digital Markets, processed the first round of repayments in February, distributing $1.2 billion to creditors.

The crypto industry is still recovering from the collapse of FTX and more than 130 subsidiaries launched a series of insolvencies that led to the industry’s longest-ever crypto winter, which saw Bitcoin’s (BTC) price bottom out at around $16,000.

While not a “market-moving catalyst” in itself, the beginning of the FTX repayments is a positive sign for the maturation of the crypto industry, which may see a “significant portion” reinvested into cryptocurrencies, Alvin Kan, chief operating officer at Bitget Wallet, told Cointelegraph.

Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set

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Sir Keir Starmer pledges to protect UK companies from Trump tariff ‘storm’

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Sir Keir Starmer pledges to protect UK companies from Trump tariff 'storm'

Sir Keir Starmer has said his government stands ready to use industrial policy to “shelter British business from the storm” after Donald Trump’s new 10% tariff kicked in.

The UK was among a number of countries hit with the lowest import duty rate following the president’s announcement on 2 April – which he called ‘Liberation Day’, while other nations, such as Vietnam, Cambodia and China face much higher US levies.

But a global trade war will hurt the UK’s open economy.

The prime minister said “these new times demand a new mentality”, after the 10% tax on British imports into America came into force on Saturday. A 25% US levy on all foreign car imports was introduced on Thursday.

It comes as Jaguar Land Rover announced it would “pause” shipments to the US for a month, as firms grapple with the new taxes.

On Saturday, the car manufacturer said it was working to “address the new trading terms” and was looking to “develop our mid to longer-term plans”.

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Jobs fears as Jaguar halts shipments

Referring to the tariffs, Sir Keir said “the immediate priority is to keep calm and fight for the best deal”.

Writing in The Sunday Telegraph, he said that in the coming days “we will turbocharge plans that will improve our domestic competitiveness”, adding: “We stand ready to use industrial policy to help shelter British business from the storm.”

It is believed a number of announcements could be made soon as ministers look to encourage growth.

NI contribution rate for employers goes up

From Sunday, the rate of employer NICs (national insurance contributions) increased from 13.8% to 15%.

At the same time, firms will also pay more because the government lowered the salary threshold at which companies start paying NICs from £9,100 to £5,000.

Also, the FTSE 100 of leading UK companies had its worst day of trading since the start of the pandemic on Friday, with banks among some of the firms to suffer the sharpest losses.

Sir Keir said: “This week, the government will do everything necessary to protect Britain’s national interest. Because when global economic sands are shifting, our laser focus on delivering for Britain will not. And these new times demand a new mentality.”

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Trump defiant despite markets

UK spared highest tariff rates

Some of the highest rates have been applied to “worst offender” countries including some in Southeast Asia. Imports from Cambodia will be subject to a 49% tariff, while those from Vietnam will face a 46% rate. Chinese goods will be hit with a 34% tariff.

Imports from France will have a 20% tariff, the rate which has been set for European Union nations. These will come into effect on 9 April.

Read more:
Red wall on Wall Street – but Trump undeterred
How will UK respond to Trump’s tariffs?

Sir Keir has been speaking to foreign leaders on the phone over the weekend, including French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni and Australian Prime Minister Anthony Albanese, to discuss the tariff changes.

A Downing Street spokesperson said of the conversation between Sir Keir and Mr Macron: “They agreed that a trade war was in nobody’s interests but nothing should be off the table and that it was important to keep business updated on developments.

“The prime minister and president also shared their concerns about the global economic and security impact, particularly in Southeast Asia.”

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Trump’s warning

Mr Trump has warned Americans the tariffs “won’t be easy”, but urged them to “hang tough”.

In a post on his Truth Social platform, he said: “We are bringing back jobs and businesses like never before.

“Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast!

“THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic.”

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Billionaire investor would ‘not be surprised’ if Trump postpones tariffs

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<div>Billionaire investor would 'not be surprised' if Trump postpones tariffs</div>

<div>Billionaire investor would 'not be surprised' if Trump postpones tariffs</div>

Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7.

“One would have to imagine that President Donald Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Ackman, founder of Pershing Square Capital Management, said in an April 5 X post.

Trump may postpone tariffs to make more deals, says Ackman

“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,” Ackman added.

On April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits are scheduled to kick in on April 9.

Ackman — who famously said “crypto is here to stay” after the FTX collapse in November 2022 — said Trump captured the attention of the world and US trading partners, backing the tariffs as necessary after what he called an “unfair tariff regime” that hurt US workers and economy “over many decades.” 

Following Trump’s announcement on April 2, the US stock market shed more value during the April 4 trading session than the entire crypto market is currently worth. The fact that crypto held up better than the US stock market caught the attention of both crypto industry supporters and skeptics.

United States, Donald Trump

Source: Cameron Winklevoss

Prominent crypto voices such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss also recently showed their support for Trump’s tariffs.

Related: Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Ackman said a pause would be a logical move by Trump — not just to allow time for closing potential deals but also to give companies of all sizes “time to prepare for changes.” He added:

“The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.”

Ackman said April 7 will be “one of the more interesting days” in US economic history.

Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

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