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The government believes “all the conditions are now in place” for a return of power-sharing in Northern Ireland following a deal reached with the Democratic Unionist Party (DUP).

Northern Ireland Secretary Chris Heaton-Harris said he was looking forward to the “restoration of the institutions at Stormont as soon as possible” following a near two-year suspension by the DUP in protest against post-Brexit trade arrangements.

Politics latest: Stormont power-sharing deal struck

Mr Heaton-Harris, who said the deal represented a “significant development, denied the agreement was a “secret” deal in response to a question from Sky News.

Asked by deputy political editor Sam Coates what had changed, and whether there were going to be fewer checks on goods going from Great Britain to Northern Ireland, the minister replied: “There are some significant changes but you’ll have to wait until the… all-party talks are finalised.

“And when I publish the deal in parliament, everyone will see what it is.”

Pressed on whether there could be a deal on the basis of a “secret package?”, Mr Heaton-Harris said: “It’s not a secret package.

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“It’s been a negotiation, and the negotiation has been between the Democratic Unionist Party and the UK government.”

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DUP agrees to new power-sharing plan

The Northern Ireland secretary said all of the parties in Northern Ireland were not being briefed on the deal and that he would be in a position to reveal the details once they had been finalised.

Although he did not reveal specific details, Mr Heaton Harris confirmed a financial package of £3.3bn will be available to the incoming executive.

“I believe that all the conditions are now in place for the Assembly to return, and I look forward very much to the restoration of the institutions at Stormont as soon as possible,” he said.

He also praised DUP leader Sir Jeffrey Donaldson for his “leadership” and said it has “never been in doubt” that Sir Jeffrey’s “prime concern was to secure and reinforce Northern Ireland’s place in the union”.

In the early hours of this morning Sir Jeffrey said his party would restore power-sharing in Northern Ireland, subject to the UK government tabling and passing new legislative measures as agreed in negotiations.

Ministers are walking a tightrope to get Stormont up and running



Sam Coates

Deputy political editor

@SamCoatesSky

The government is walking the wobbliest of tightropes to try and get Stormont back up and running.

Northern Ireland Secretary Chris Heaton-Harris has just welcomed the DUP decision to go back into Stormont.

But he has done so on the basis of a deal that the other parties in Northern Ireland, MPs and the EU haven’t seen.

Indeed the people making the decision on Monday night – the DUP executive – haven’t seen it either.

Mr Heaton-Harris simply wouldn’t be drawn on specifics – was DUP leader Sir Jeffrey Donaldson right to say there would be no checks at all on goods from NI to GB? He simply said we’d have to wait to tomorrow to see the deal.

Why the secrecy – fear of DUP having second thoughts? Fear of the EU claiming this is a breach of the Windsor Framework?

Just because they’re delaying answers to these questions doesn’t mean we won’t get them.

He said the package of measures, once delivered, would provide the basis for the return of devolved government.

Power-sharing, the mechanism by which a Stormont executive is formed under the Good Friday Agreement, was collapsed by the DUP‘s refusal to allow a speaker to be nominated in 2022.

The DUP, which won fewer seats than the republican Sinn Fein party for the first time in 2022’s election, highlighted its opposition to Rishi Sunak’s Windsor Framework deal with the EU, which it argues has created a border down the Irish Sea, separating Northern Ireland from Great Britain – a contravention of its principles.

Speaking after Mr Heaton-Harris’s conference, Sinn Fein president Mary Lou McDonald said the re-establishment of the Northern Ireland Assembly had been “a long time coming”, but added: “We are very pleased we are at this juncture.”

She went on to say she was aware there further work to be done and that “society has really suffered from the absence of government over the last two years”.

“I very much welcome the fact that the DUP have moved to explicitly recognise and respect the outcome of that Assembly election, and we look forward to getting the job done.”

When the executive is restored, Sinn Fein vice president Michelle O’Neill is set to become Northern Ireland’s first nationalist first minister – which Ms McDonald described as “a mark, I suppose, of the extent of change that has occurred here in the north, and indeed, right across Ireland”.

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‘Stormont can’t be short-changed’

Alliance Party leader Naomi Long also said she had “bittersweet emotions” following the announcement of the deal.

Read more:
Irish government launches legal challenge against UK’s Northern Ireland Legacy Bill
Northern Ireland grinds to halt amid massive strike action – what’s going on?
Northern Ireland Assembly: What is power sharing and why is the system used?

“I am pleased that we are now potentially in a position to see the restoration of the institutions and to be able to actually start doing all of our jobs after a two-year block on that,” she said.

“I admit I am still slightly stinging from the fact that we have lost that two years, that the damage that has been done can’t simply be undone.”

Under the Good Friday agreement, Northern Ireland operates under a power-sharing model where at least two parties agree to govern together to form a government.

The executive is made up of the job of first minister and deputy first minister.

Following the 2022 election result, in which Sinn Feinn emerged as the largest party, Ms O’Neill is set to be first minister while the DUP will pick the deputy first minister.

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Wes Streeting denies Labour has made ‘mistakes’ with ‘unpopular’ policies despite poor local election results

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Wes Streeting denies Labour has made 'mistakes' with 'unpopular' policies despite poor local election results

Health Secretary Wes Streeting has defended “unpopular” policies such as the cut to the winter fuel allowance despite Labour’s poor performance at the local elections.

Mr Streeting denied the government had made any mistakes when asked whether the policy was partly to blame for the party losing 189 council seats less than a year since the General Election.

Since coming into government last July, Labour has enacted a number of policies that were not in its manifesto.

These include means-testing winter fuel payments for pensioners, increasing employers’ national insurance contributions and slashing £5bn from the welfare bill.

Asked what mistakes his government had made so far that had led to its drubbing at the ballot box, Mr Streeting told Sunday Morning with Trevor Phillips: “Well, we will make plenty of mistakes.”

Politics latest: Lucy Powell ‘right’ to apologise for grooming gangs comments

Pressed again on whether he believed “mistakes” had been made, the health secretary replied: “No. When we made those choices, we knew they would be unpopular. And we knew that they would be opposed.

“The reason we made those choices is because we genuinely believe they’re the right choices to get the country out of the massive hole it was left in. And right across the board. Whether it’s the NHS, whether it’s schools, whether it’s prisons, whether it’s our defence and security, whether it’s crime and policing, there were enormous challenges facing this country when we came in.

“And we’ve had to make big and sometimes unpopular decisions so that we can face those challenges and deal with them. People might thank us if we just kind of go for the easy but we want to make the right choices.”

Some Labour MPs have urged the government to change direction, with one telling Sky News the cut to winter fuel was a “catastrophic error” that must be “remedied” if the party is to see any improvement in public opinion.

Others have warned that in courting Reform voters, the party risks fracturing its coalition of voters on the left who may be tempted by the Liberal Democrats and Green Party.

However, in the aftermath of the local elections, Sir Keir Starmer suggested the poor results meant he needed to go “further and faster” in delivering his existing agenda.

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Inside Reform’s election success

The real victor to emerge from Thursday’s local elections was Reform UK, which won control of 10 councils and picked up 677 council seats largely at the expense of the Conservatives in the south.

However, Reform also won the Runcorn by-election from Labour by just six votes, as well as control of Doncaster Council from Labour – the only local authority it had control of in this set of elections – in a significant win for Nigel Farage and his party.

The Reform UK leader declared that two-party politics was now “finished” and that his party was now the official “opposition” to Labour.

Asked whether the results meant that Labour would now treat Reform as “your most serious opposition”, Mr Streeting said: ” I certainly do treat them as a serious opposition force.”

“As I say, I don’t know whether it will be Reform or the Conservatives that emerge as the main threat,” he added.

“I don’t have a horse in that race, but like alien versus predator, I don’t really want either one to win.”

Read more:
Reform’s mission to ‘remoralise’ young people
Reform has put the two traditional parties on notice

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Reform UK are ‘fighting force’

Tory Party chairman Nigel Huddleston said Reform UK was not just a protest party and that Mr Farage was “a force in British politics”.

He told Trevor Phillips: “But the one thing about Nigel Farage is, and we’re seeing this again and again and again, he is a populist.

“He is increasingly saying everything that anybody wants to hear. He’s trying to be all things to all men.”

“We are establishing ourselves as a credible alternative government based on sound conservative principles and values and our values and our principles, and therefore our policies, will define the future of our party,” he added.

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It is ‘feasible’ Nigel Farage could be the next prime minister, says Kemi Badenoch

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It is 'feasible' Nigel Farage could be the next prime minister, says Kemi Badenoch

Kemi Badenoch has admitted it is “feasible” that Nigel Farage could become the next prime minister.

The Tory leader told the BBC’s Sunday With Laura Kuenssberg programme Mr Farage’s party was “expressing the feeling of frustration that a lot of people around the country are feeling” – but added it was her job to “come up with answers and solutions”.

Asked if it was feasible that Mr Farage could be the next prime minister, she cited how Australian Prime Minister Anthony Albanese had won re-election this weekend.

“As I said, anything is feasible,” she said. “Anthony Albanese: people were writing him off. He has just won a landslide, but my job is to make sure that he [Farage] does not become prime minister because he does not have the answers to the problems the country is facing.”

Politics latest: Lucy Powell ‘right’ to apologise for grooming gangs comments

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Could Nigel Farage be prime minister?

Asked what Mr Farage was doing right, Ms Badenoch said: “He is expressing the feeling of frustration that a lot of people around the country are feeling.

“But he also doesn’t have a record in government like the two main parties do. Now he’s going to be running some councils. We’ll see how that goes.”

Mr Farage was the undoubted winner of Thursday’s local elections, in which 23 councils were up for grabs.

His party picked up 677 council seats and took control of 10 councils.

By contrast, the Conservatives lost 677 council seats as well as control of 18 councils in what was their worst local elections performance on record.

Mr Farage said the outcome spelt the end of two-party politics and that his party was now the official “opposition” to Labour – with the Tories having been rendered a “waste of space”.

Read more:
Reform has put the two traditional parties on notice

‘I get it’: Starmer responds after losing Runcorn by-election

Ms Badenoch said she believed the vote for Mr Farage on Thursday was partly down to “protest” but added: “That doesn’t mean we sit back. We are going to come out fighting.

“We are going to come out with the policies that people want to see, but what we are not going to do is rush out and tell the public things that are not true just so we can win votes.

“This is not about winning elections; this is about fixing our country. Yes, of course, you need to win elections to do that, but you also need a credible plan.”

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‘Farage is a force in British politics’

Conservative co-chairman Nigel Huddleston sought to play down the threat from Reform UK, telling Sky News: “When they’re in a position of delivering things, that’s when the shine comes off.”

He told Sunday Morning with Trevor Phillips: “The one thing about Nigel Farage is, and we’re seeing this again and again and again, he is a populist.

“He is increasingly saying everything that anybody wants to hear. He’s trying to be all things to all men.”

“We are establishing ourselves as a credible alternative government based on sound conservative principles and values and our values and our principles, and therefore our policies, will define the future of our party,” he added.

Asked whether the results meant that Labour would now treat Reform as “your most serious opposition”, Health Secretary Wes Streeting told Trevor Phillips: ” I certainly do treat them as a serious opposition force.”

“As I say, I don’t know whether it will be Reform or the Conservatives that emerge as the main threat,” he added.

“I don’t have a horse in that race, but like alien versus predator, I don’t really want either one to win.”

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Pro-crypto Democrats pull support for stablecoin bill in last minute

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Pro-crypto Democrats pull support for stablecoin bill in last minute

Pro-crypto Democrats pull support for stablecoin bill in last minute

A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form.

The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico.

Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes are made.

Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester and Andy Kim — all of whom had previously backed the bill when it passed through the Senate Banking Committee in March.

The bill, introduced by Senator Bill Hagerty, is formally known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

Related: Fed’s Powell reasserts support for stablecoin legislation

Senate prepares to vote on stablecoin bill

The Senate is expected to begin floor consideration of the bill in the coming days, with the first vote potentially taking place next week.

The bill has been championed by the crypto industry as a landmark step toward regulatory clarity. However, the Democrats’ about-face reflects growing unease within the party.

Although revisions were made to the bill after its committee approval to address Democratic concerns, the lawmakers said the changes fell short. They called for stronger safeguards related to Anti-Money Laundering, national security, foreign issuers, and accountability measures for noncompliant actors.

The statement was also signed by Senators Raphael Warnock, Catherine Cortez Masto, Ben Ray Luján, John Hickenlooper and Adam Schiff.

Pro-crypto Democrats pull support for stablecoin bill in last minute
A copy of the statement. Source: Alex Thorn

Senator Kirsten Gillibrand and Senator Angela Alsobrooks were absent from the list, who co-sponsored the bill alongside Hagerty.

Despite their objections, the Democratic senators emphasized their commitment to shaping responsible crypto regulation. They reportedly said they “are eager to continue working with our colleagues to address these issues.”

Related: US banks are ‘free to begin supporting Bitcoin’

Crypto needs a stablecoin bill

On April 27, Caitlin Long, founder and CEO of Custodia Bank, criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks.

Long explained that while the Fed recently rescinded four prior crypto guidelines, a Jan. 27, 2023, statement was left intact in coordination with the Biden administration.

The guidance, according to Long, blocks banks from engaging directly with crypto assets and prohibits them from issuing stablecoins on permissionless blockchains.

However, Long noted that once a federal stablecoin bill becomes law, it could override the Fed’s stance. “Congress should hurry up,” she urged.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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