Michelle O’Neill appointed Northern Ireland’s first nationalist first minister in historic moment
Sinn Fein’s Michelle O’Neill has made history by being appointed Northern Ireland’s first nationalist first minister, with US president Joe Biden commending the region’s political leaders.
A power-sharing government has returned as politicians gathered at Stormont to appoint a series of ministers to the devolved executive, two years after it collapsed over the UK government’s deal with the EU.
The Democratic Unionist Party’s (DUP) Emma Little-Pengelly will serve as deputy first minister.
Under the Good Friday Agreement, the deputy has an authority equal to that of the first minister.
In her speech, which began in Irish, Ms O’Neill said: “Today opens the door to the future – a shared future.
“I am honoured to stand here as first minister.”
Ms O’Neill said she was addressing an “assembly for all – Catholic, Protestant and dissenter” and that the public was “relying” on the members of Northern Ireland’s elected assembly.
She added: “We must make power sharing work because collectively, we are charged with leading and delivering for all our people, for every community.”
Ms O’Neill continued: “As an Irish republican I pledge co-operation and genuine honest effort with those colleagues who are British, of a unionist tradition and who cherish the union… Despite our different outlooks and views on the future constitutional position, the public rightly demands that we co-operate, deliver and work together.”
The first minister also acknowledged that the power-sharing coalition will “undoubtedly face great challenges” but vowed to “serve everyone equally”.
Ms O’Neill in the Great Hall at Stormont before being appointed first minister
Ms O’Neill also reflected on the historic significance of her appointment and said: “For the first time ever, a nationalist takes up the position of first minister.
“That such a day would ever come would have been unimaginable to my parents and grandparents’ generation.”
She added: “This place we call home, this place we love, North of Ireland or Northern Ireland, where you can be British, Irish, both or none is a changing portrait.
“Yesterday is gone. My appointment reflects that change.”
Ms O’Neill also spoke about the impact of the UK government’s austerity measures on Northern Ireland, telling the assembly the country “cannot continue to be hamstrung by Tories in London”.
She added: “Tory austerity has badly damaged our public services. They have presided over more than a decade of shame. They have caused real suffering.
“I wish to lead an executive which has the freedom to make our own policy and spending choices.”
Emma Little-Pengelly gives her first speech as deputy first minister
Ms Little-Pengelly then gave her speech, in which she recalled witnessing the “absolute devastation” from an IRA bomb.
She said: “Michelle O’Neill and I come from very different backgrounds.
“Regardless of that, for my part, I will work tirelessly to ensure that we can deliver for everyone in Northern Ireland.”
She continued: “As a young girl sitting in Markethill High School almost 30 years ago, I could never have imagined that one day I would have the opportunity to serve in such a way.
“This is a responsibility and an honour that I will never take for granted.”
She continued: “Like so many across this chamber and throughout Northern Ireland, I grew up with conflict.
“As a child of just 11, I stepped outside my Markethill home on a warm August afternoon to the absolute devastation from an IRA bomb.
“Seared within my experience is the haunting wail of alarms and our emergency services, the carpet of glass and debris, the shock, the crying and the panic that shook and destroyed the place I called home.
“As a child, I didn’t understand the politics of it – but I will never forget the fear, the hurt, the anger.”
Ms Little-Pengelly also said the “horror” of the Troubles can never be forgotten but said “while we are shaped by the past, we are not defined by it”.
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DUP accused of ‘monumental climbdown’
Earlier, former DUP leader Edwin Poots was chosen by members of the assembly as its new speaker.
His party had refused to participate in government at Stormont, arguing that post-Brexit arrangements effectively left a trade border in the Irish Sea between Northern Ireland and the rest of the UK.
An agreement a year ago between the UK and the EU, known as the Windsor Framework, eased customs checks and other hurdles but didn’t go far enough for the DUP, which continued its boycott.
However, the DUP has since forged a deal with the UK government on post-Brexit trade, which party leader Sir Jeffrey Donaldson says has effectively removed the so-called Irish Sea trading border.
Sir Jeffrey’s role as party leader and his resignation from the Northern Ireland Assembly in 2022 means he was ineligible to be deputy first minister.
Sir Jeffrey Donaldson, leader of the DUP
Ms O’Neill said in her speech after being appointed first minister: “We will now begin to seize the considerable opportunities created by the Windsor Framework.
“To use dual market access to grow our exports and attract higher-quality FDI.
“The Windsor Framework also protects the thriving all-Ireland economy, and we must fully realise its huge potential.”
Ms O’Neill’s selection as first minister, made possible after she led Sinn Fein to victory in the 2022 Assembly elections, marks the first time the post has been held by a nationalist committed to seeing Northern Ireland and the Republic of Ireland united as one country.
US President Joe Biden said on Saturday evening he strongly supported the Assembly’s restoration and commended Northern Ireland’s political leaders.
“As I said when I visited Belfast last year to mark the 25th anniversary of the Belfast/Good Friday Agreement, the democratic institutions it established remain critical for the future of Northern Ireland, and a government that finds ways through hard problems together will draw even greater opportunity to Northern Ireland,” he said.
“I look forward to seeing the renewed stability of a power-sharing government that strengthens the peace dividend, restores public services, and continues building on the immense progress of the last decades.”
“I am confident that… Stormont’s restoration will facilitate the critical North-South and East-West relations vital to the Belfast/Good Friday Agreement, and ensure that Northern Ireland will continue to be vibrant and dynamic, defined by unlimited opportunity for all who call it home.”
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Kentucky’s finance watchdog has dismissed its lawsuit against Coinbase over the exchange’s staking rewards program, following its peers in Vermont and South Carolina.
Kentucky’s Department of Financial Institutions filed the stipulation to dismiss jointly with Coinbase on April 1, ending the state’s legal action against the exchange first filed along with 10 other state regulators in June 2023.
Coinbase chief legal officer Paul Grewal posted to X on April 1, calling for Congress “to end this litigation-driven, state-by-state approach with a federal market structure law.”
Source: Paul Grewal
Financial regulators from 10 states launched similar suits against Coinbase in June 2023, on the same day the Securities and Exchange Commission sued the exchange — a lawsuit the SEC dropped last month.
Seven suits against Coinbase still active
Alabama, California, Illinois, Maryland, New Jersey, Washington and Wisconsin are the seven states that are still continuing with their lawsuits, which all allege Coinbase breached securities laws with its staking rewards program.
Vermont was the first state to end its suit against Coinbase, with its Department of Financial Regulation filing an order to rescind the action on March 13, noting the SEC’s Feb. 27 decision to drop its action against the exchange and the likelihood of changes in the federal regulator’s guidance.
The South Carolina Attorney General’s securities division followed Vermont days later, dismissing its lawsuit in a joint stipulation with Coinbase on March 27.
Related: South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont
Kentucky’s decision to drop its case against Coinbase follows just days after the state’s governor, Andy Beshear, signed a “Bitcoin Rights” bill into law on March 24 that establishes protections for crypto self-custody and exempts crypto mining from money transmitting and securities laws.
The axed state-level lawsuits come amid a stark policy change at the SEC, which has dropped or delayed multiple lawsuits against crypto companies that it filed under the Biden administration.
The federal securities watchdog has also created a Crypto Task Force that is engaging with the industry on how it should approach cryptocurrencies.
Magazine: SEC’s U-turn on crypto leaves key questions unanswered
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Sir Keir Starmer says US-UK trade talks ‘well advanced’ and rejects ‘knee-jerk’ response to Donald Trump tariffs
Sir Keir Starmer has said US-UK trade talks are “well advanced” ahead of tariffs expected to be imposed by Donald Trump on the UK this week – but rejected a “knee-jerk” response.
Speaking to Sky News political editor Beth Rigby, the prime minister said the UK is “working hard on an economic deal” with the US and said “rapid progress” has been made on it ahead of tariffs expected to be imposed on Wednesday.
But, he admitted: “Look, the likelihood is there will be tariffs. Nobody welcomes that, nobody wants a trade war.
“But I have to act in the national interest and that means all options have to remain on the table.”
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Sir Keir added: “We are discussing economic deals. We’re well advanced.
“These would normally take months or years, and in a matter of weeks, we’ve got well advanced in those discussions, so I think that a calm approach, a collected approach, not a knee-jerk approach, is what’s needed in the best interests of our country.”
Downing Street said on Monday the UK is expecting to be hit by new US tariffs on Wednesday – branded “liberation day” by the US president – as a deal to exempt British goods would not be reached in time.
A 25% levy on car and car parts had already been announced but the new tariffs are expected to cover all exports to the US.
Jonathan Reynolds, the business and trade secretary, earlier told Sky News he is “hopeful” the tariffs can be reversed soon.
But he warned: “The longer we don’t have a potential resolution, the more we will have to consider our own position in relation to [tariffs], precluding retaliatory tariffs.”
He added the government was taking a “calm-headed” approach in the hope a deal can be agreed but said it is only “reasonable” retaliatory tariffs are an option, echoing Sir Keir’s sentiments over the weekend.
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Donald Trump speaks to reporters aboard Air Force One on Sunday. Pic: Reuters
Tariff announcement on Wednesday
Mr Trump has been threatening tariffs – import taxes – on countries with the biggest trade imbalances with the US.
However, over the weekend, he suggested the tariffs would hit all countries, but did not name them or reveal which industries would be targeted.
Read more: How Trump’s tariffs could affect the UK
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‘Everything on table over US tariffs’
Mr Trump will unveil his tariff plan on Wednesday afternoon at the first Rose Garden news conference of his second term, the White House press secretary said.
“Wednesday, it will be Liberation Day in America, as President Trump has so proudly dubbed it,” Karoline Leavitt said.
“The president will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for decades. He’s doing this in the best interest of the American worker.”
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Trump’s tariffs: What can we expect?
Tariffs would cut UK economy by 1%
UK government forecaster the Office for Budget Responsibility (OBR) said a 20 percentage point increase in tariffs on UK goods and services would cut the size of the British economy by 1% and force tax rises this autumn.
Global markets remained flat or down on Monday in anticipation of the tariffs, with the FTSE 100 stock exchange trading about 1.3% lower on Monday, closing with a 0.9% loss.
On Wall Street, the S&P 500 rose 0.6% after a volatile day which saw it down as much as 1.7% in the morning.
However, the FTSE 100 is expected to open about 0.4% higher on Tuesday, while Asian markets also steadied, with Tokyo’s Nikkei 225 broadly unchanged after a 4% slump yesterday.
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