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MPs have approved the government’s plan to revive the power-sharing executive in Northern Ireland, despite some unhappiness from unionists in Westminster.

The Commons passed the necessary legislation on Thursday afternoon to approve the fresh post-Brexit trading arrangements, and it will now head to the Lords for its final sign off.

The government’s deal to remove routine checks on goods moving from Great Britain to Northern Ireland has won widespread applause and is set to herald the return of Stormont following a two-year hiatus.

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As a result, Democratic Unionist Party (DUP) leader Sir Jeffrey Donaldson has written to the Speaker of the Stormont Assembly to confirm the conditions now exist for the return of the power-sharing executive.

He has also indicated he expects the Assembly to sit on Saturday.

The deal – reached after intense talks with the DUP which collapsed the Northern Ireland Assembly in protest at the prime minister’s Windsor Framework – will also mean the Withdrawal Act is amended so EU law will no longer apply automatically in Northern Ireland.

More on Northern Ireland

Thursday’s sign off came after the government fast-tracked two pieces of domestic legislation in parliament giving effect to the commitments made in its Safeguarding The Union command paper published on Wednesday.

Sir Jeffrey told the Commons that Northern Ireland had been “placed in a situation where we were separated from the rest of the United Kingdom in key elements of the benefits that ought to have flown from Brexit”, and he saw it as his mission to “repair the damage”.

But with the new agreement, he said his party had secured “real changes” to post-Brexit trade across the Irish Sea.

However, while Sir Jeffrey and other parties welcomed the deal, some other unionist politicians raised concerns.

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Sky News’ Sam Coates explains the new NI power-sharing deal.

Former DUP leader Lord Dodds told peers they needed to “realise that there are still many unionists who are deeply worried and concerned that the Irish Sea border… still exists, since many goods coming from Great Britain, British goods coming to Northern Ireland, especially in manufacturing, still need to go through full EU compliance checks, procedures”.

He added there were also worries about “the continued sovereignty, jurisdiction and application of EU laws over large swathes of our economy in 300 areas, to which the Stormont brake doesn’t apply and we cannot make or amend laws within those areas”.

“These are fundamentally important constitutional and economic issues and many unionists still are concerned about these issues,” said Lord Dodds.

Over in the Commons, Sammy Wilson, the DUP MP for East Antrim, said it would still leave EU border posts in Northern Ireland – something that has been disputed.

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Speaking in the Commons yesterday, Mr Wilson branded the government “spineless, weak-kneed and ‘Brexit-betraying'”.

And he again raised concerns in today’s debate, claiming some good would still face unnecessary checks.

But Northern Ireland minister – and former leading Brexiteer – Steve Baker rejected his assessment, saying: “We have had eight years of drama.

“For us to arrive at this moment where we have reduced EU law to this extent, and where we have put in place a red lane to protect the legitimate interests of Ireland and the EU, that is something we should all be very proud of after everything we’ve faced and all of the risks that could have put us in a far, far worse position.”

Sir Jeffrey added: “It is work in progress. I do not stand here this afternoon and pretend that we have completed the task.

“I recognise that there are ongoing concerns about how these new arrangements will work in practice. And it will be our task to hold the government to account on its commitments.”

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Northern Ireland: What happens now?

Veteran Tory Brexiteer Sir Bill Cash also raised concerns about “issuing orders from Westminster to Northern Ireland if the people don’t want it”.

And on the other side of the debate, the leader of the SDLP, Colum Eastwood, said his party didn’t support the plan as it was “undermining north-south cooperation” on the island of Ireland, and was “far too much focused on east-west”.

He told MPs: “Moving on from this point, we need to ensure that any future negotiation is done with all parties and both governments so everybody can feel comfortable with the result.”

Sir Jeffrey said “detractors” of the deal had been “very vocal”, but added: “We have restored Northern Ireland’s place within the United Kingdom’s internal market.”

Despite the concerns raised, the plan was passed in the Commons without MPs calling for a vote – known as going through “on the nod”.

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Chancellor Rachel Reeves dodges wealth tax calls from predecessor

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Chancellor Rachel Reeves dodges wealth tax calls from predecessor

Chancellor Rachel Reeves has dodged calls from her predecessor Anneliese Dodds for a wealth tax to be considered ahead of this autumn’s budget.

When Sir Keir Starmer became Labour leader in 2020, Ms Dodds was his first pick for shadow chancellor. However, she did not last long and was replaced by Ms Reeves, who then got the government job after last year’s election win.

Speaking to the Sky News political editor Beth Rigby on the Electoral Dysfunction podcast, Ms Dodds said she had examined wealth taxes when she was briefly in the shadow chancellor job and how one could be implemented.

She said: “I would hope the Treasury is considering that kind of evidence, as well as other changes that have been put forward.”

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‘Rachel Reeves would hate what you just said’

Asked today if about Ms Dodds’ intervention, Ms Reeves said: “Decisions around tax are decisions that are made at a budget and we’ll make those decisions in the appropriate way, but the number-one priority of this government is to grow the economy.

“And that means bringing more investment into Britain, creating more good jobs paying decent wages here in Britain.

Listen here to hear Ms Dodds’ full comments:

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“We’ve got to get the balance right on taxation because we want that investment, we want those jobs to come here.

“That’s why we’re reforming the planning system, secured three trade deals in the first year of this Labour government, cutting back on unnecessary regulation, and reforming our pension system to unlock money for businesses to be able to invest here in the UK.”

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What is a wealth tax?

The government’s financial position is stretched ahead of the next budget, due at the end of autumn.

Ms Reeves has committed herself to not changing her fiscal rules, leaving little wiggle room to avoid tax rises or spending cuts.

This is due to the government’s inability to save money through policies like welfare reform, which were gutted due to a rebellion of backbench Labour MPs.

Last week, Business Secretary Jonathan Reynolds branded the suggestion of a wealth tax “daft” – but he has less influence over the writing of the budget than the chancellor.

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Meanwhile, reports from the Daily Telegraph suggested that Deputy Prime Minister Angela Rayner backed increasing taxes, including reinstating the pensions lifetime allowance and a higher corporation tax level for banks.

Ms Dodds also wants to see those considered.

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UK regulator lifts ban on crypto ETNs for retail investors

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UK regulator lifts ban on crypto ETNs for retail investors

UK regulator lifts ban on crypto ETNs for retail investors

After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail.

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State of stablecoins after GENIUS Act: Expert weighs in

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State of stablecoins after GENIUS Act: Expert weighs in

State of stablecoins after GENIUS Act: Expert weighs in

Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum Bank breaks down what lies ahead for stablecoins, institutional adoption and global crypto regulation.

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