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Protesting farmers have been told not to bring their tractors to Cardiff.

South Wales Police said it was aware of a protest planned to take place in Cardiff Bay on Wednesday.

A spokesperson for the force said it was scheduled to begin at 12.30pm and expected to attract large numbers.

Officers say they are “monitoring this situation closely” as road users are told they could experience delays.

The protest may include slow-moving traffic in the Cardiff Bay area and in the wider South Wales area, police say.

But the force says it will be “proactive in minimising disruption to the public”.

There are currently no planned road closures, but access to some roads around the Senedd will be controlled.

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The Senedd
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The Senedd. Pic: PA

Farmers have expressed their unhappiness at new plans from the Welsh government which would see changes to how farms receive government funding.

A new scheme is being introduced in Wales after the UK voted to leave the European Union.

The Welsh government’s proposals would see farms getting public money if they meet a series of environmental targets.

This includes making sure that 10% of farmers’ land is covered with trees.

Farming unions have warned about the impact the requirement could have on the future of the industry.

The Welsh government has emphasised the proposals are subject to an ongoing consultation.

It has been meeting with representatives of the farming industry in Wales in recent weeks.

On Tuesday, the government announced a number of steps it was taking to address some of the concerns Welsh farmers have.

In a joint written statement, First Minister Mark Drakeford and rural affairs minister Lesley Griffiths said the government was today appointing a bovine TB technical advisory group, as had been previously announced.

That group will look at alternatives to the on-farm slaughter of cattle who have tested positive for bovine tuberculosis and will advise those ministers “as a matter of urgency”.

On water regulations, the government said it would make £20m of extra funding available to help farmers comply with the rules.

It said it would also appoint an independent chair to oversee the first effectiveness review of those regulations.

Mr Drakeford and Ms Griffiths also said the government will ensure woodland and habitat requirements “do not make farms unviable” when forming the final proposals for the sustainable farming scheme.

“Regular review points” will be set up between the Welsh government and farming representatives, before final proposals are drawn up.

Superintendent Esyr Jones said the force “respects the right to peaceful protest”.

“We are in discussions with the organisers to ensure that the protest takes place safely, lawfully with minimum disruption to the wider public,” he added.

“While there is an agreement to facilitate protest activity outside the Senedd, I would urge protesters not to bring tractors or other agricultural vehicles to the protest.

“There are concerns that they pose a risk to the safety of other road users and restrict the movement of emergency services in a busy city environment.”

The public have been advised by police to plan their journey accordingly amid expected delays.

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Millionaire former Tory donor defects to Reform

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Millionaire former Tory donor defects to Reform

Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.

Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.

Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.

He added: “He will take Reform UK Scotland to a new level.”

During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.

The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.

“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.

Read more:
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Farage allegations are deeply shocking – but will they deter voters?

“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.

“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.

“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”

The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.

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Claims made against Nigel Farage

Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.

Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.

Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.

Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.

A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.

On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.

Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.

“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.

The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation. 

If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.

Related: Bank of America backs 1%–4% crypto allocation, opens door to Bitcoin ETFs

EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns

The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.

“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”

“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.

Related: Grayscale Chainlink ETF draws $41M on debut, but not ‘blockbuster’

Global stock market value by country. Source: Visual Capitalist

The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.

The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.

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