Sir Keir Starmer has said he has no doubt the government will get flights off the ground to Rwanda but Labour would “cancel the scheme straight away” if they win the next general election.
The Labour leader, announcing his party’s policy on illegal immigration in Dover, said the government’s flagship policy of sending asylum seekers to Rwanda will not work.
“They will get flights off the ground, I don’t doubt that but I also don’t doubt it will not work,” he said.
Keep up with all the latest news from the UK and around the world by following Sky News
When asked by Sky News political editor Beth Rigby if that means he would stop any deportation flights to Rwanda on day one of a Labour government, he said: “We will scrap the Rwanda scheme.
“I said that to you when we last met last week, the time before last and you know, that means ending the scheme.
“Absolutely. Flights and all.”
He added: “We will cancel the scheme – of course that means we won’t operate the scheme at all, it’s a gimmick, I won’t flog a dead horse.
“We’re going to get rid of the policy straight away.”
Labour later clarified the party would not stop any flights already planned but would not schedule any further.
Please use Chrome browser for a more accessible video player
‘Small boat crossings is one of the greatest challenges we face’
The government’s Rwanda scheme, aimed at deterring asylum seekers arriving in the UK in boats over the Channel, has been stalled by legal arguments but last month became law. However, no flights have yet departed.
The scheme means any asylum seeker entering the UK illegally from a safe country such as France could be sent to Rwanda where their asylum claims would be processed. They would not be allowed to apply to return to the UK.
As Sir Keir announced Labour’s plans to stop small boats coming across to the UK, Sky News witnessed a Border Force boat with about 70 migrants, including at least one child, disembarking in Dover after being picked up in the Channel.
In the speech in Dover alongside new Labour MP Natalie Elphicke, Sir Keir insisted “our asylum system must be rebuilt”.
As part of Labour’s plan, he announced:
• A new Border Security Command, funded by scrapping the Rwanda scheme, with “hundreds of specialist investigators” from the NCA, Border Force, CPS, MI5 and Immigration Enforcement
• Hopes for a new partnership with Europol and new intelligence-sharing networks
• New counter-terrorism powers to allow officers to conduct stop and searches at the border, close bank accounts, trace movements and shut off internet access of people smugglers
• A rules-based asylum system with fast-track reforms, an enforcement unit and a returns agreement with the EU.
More politics:
PM says economy has turned a corner as recession ends
Scotland’s new leader scraps gender recognition reforms
The Labour leader said: “We will restore serious government to our borders, tackle this problem at source and replace the Rwanda policy permanently.”
Turning a blind eye to people smuggling was “not a progressive or compassionate position”, Sir Keir said.
He said “our asylum system must be rebuilt and our borders must be secured”, and accused the Tories of being driven from a serious party of government “onto the rocks of their own delusion” in their pursuit of “gesture politics” over immigration.
“Our rules-based system should align with global rules that protect individual human rights,” Sir Keir added.
“That is in our interests and the right thing to do.”
Sir Keir Starmer with new Labour MP Natalie Elphicke. Pic: PA
Sir Keir insisted new Labour MP Ms Elphicke’s defection from the Tories on Wednesday reflected the mood of the country as Rishi Sunak is “clinging on” to power.
Asked if he was concerned about the backlash from within the Labour Party to Ms Elphicke’s defection, he said: “This is a very important and significant crossing of the floor for reasons Natalie set out.
“I think anyone reading the words she set out this morning would be persuaded this is a very significant thing, you’ve got a Tory party that is losing votes, losing MPs, losing councillors, losing mayors across the country.”
Please use Chrome browser for a more accessible video player
Migrant pays to return to France
Reacting to Sir Keir’s announcement, Home Secretary James Cleverly said: “Labour have no plan to stop the boats.
“Labour have an illegal immigration amnesty, Labour blocked of the deportation of violent sexual offenders and Labour voted over 130 times against tougher legislation to stop the boats. They will create a haven for criminal gangs, not stop them.
“Even Labour MPs are saying Labour can’t be trusted to stop the boats which shows you nothing will change.
“If people can apply for asylum from outside the UK then unlimited claims can be made, many of which will have to be accepted under the law and even then, many of those declined will then get on a small boat anyway.”
Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.
Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission.
NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.”
He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s advantages and disadvantages because “these aspects can have a critical impact on the market and tax liability.”
Under the NSSMC’s proposed crypto framework, a tax will be applied when crypto is cashed out for fiat currency or exchanged for goods or services.
Crypto-to-crypto transactions wouldn’t be taxed, bringing Ukraine in line with other European countries, including Austria and France, as well as crypto-friendly jurisdictions like Singapore, the NSSMC said.
The regulator says it “makes sense” to exclude stablecoins backed by foreign currencies or only apply a 5% or 9% tax because Ukraine’s tax code already excludes income from transactions in “foreign exchange values.”
A translated excerpt of the NSSMC’s report said stablecoins backed by foreign currencies could be exempt from taxation. Source: NSSMC
Mining, staking, hard forks and airdrops
Other crypto-related activities, such as mining, staking and airdrops, are also addressed in the framework which floated a few options for taxation.
The NSSMC said crypto mining is generally considered a business activity, but there might be a general tax-free limit for certain crypto transactions, including mining.
Under the framework, staking could be considered as “business captive income” or only taxed if the crypto is cashed out for fiat currencies. While hard forks and airdrops could be taxed either as ordinary income or when the tokens are cashed.
Related: Ukraine officials get training on crypto and virtual assets investigation
The regulator suggests a tax-free threshold could help “relieve the burden on small investors” and is common in other jurisdictions.
Exemptions for donations, transfers between family members, and holders who keep their crypto for a set amount of time are also flagged as possibilities. However, the NSSMC says the exemption might not apply to non-custodial crypto wallets.
Last December, Daniil Getmantsev, head of the tax committee of Ukraine’s parliament, said a draft bill to legalize cryptocurrencies was under review and expected to be finalized early this year.
Ukrainian President Volodymyr Zelenskyy first signed a law establishing a legal framework for the country to operate a regulated crypto market in March 2022.
Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express
Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale.
The 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin (DOGE), according to the firm’s April 9 Form S-1 registration statement. The Dogecoin Foundation’s corporate arm, House of Doge, plans to assist 21Shares with marketing the fund.
21Shares said Coinbase Custody would be the proposed custodian of its Dogecoin ETF but did not specify a fee, ticker or what stock exchange it would list on.
Source: James Seyffart
21Shares must also file a 19b-4 filing with the SEC to kickstart the regulator’s approval process for the fund.
DOGE currently has a $24.2 billion market cap and is the eighth-largest cryptocurrency by value. It was created in 2013 as a joke and is a fork of Lucky Coin, which itself is a fork of Bitcoin.
21Shares’ proposed Dogecoin ETF is the company’s latest effort to expand its spot crypto ETF offerings, which currently includes only a spot Bitcoin (BTC) and Ether (ETH) fund.
The issuer also filed with the SEC in February to launch a spot Polkadot (DOT) ETF and last year, it filed to create a spot XRP (XRP) ETF.
Related: Dogecoin millionaires are buying dips as DOGE price eyes 30% rally
The recent surge in crypto ETF filings reflects a “spaghetti cannon approach” from issuers testing which products the new SEC leadership might approve, Bloomberg ETF analyst James Seyffart said in February.
“Issuers will try to launch many many different things and see what sticks,” Seyffart said.
Seyffart and fellow Bloomberg ETF analyst Eric Balchunas said in February that there is a 75% chance that the SEC will approve a spot Dogecoin ETF this year, while the betting platform Polymarket currently gives approval odds of 64%.
21Shares and House of Doge partner for DOGE funds in Switzerland
21Shares also said on April 9 that it partnered with House of Doge to launch a fully backed Dogecoin exchange-traded product on Switzerland’s SIX Swiss Exchange.
The 21Shares Dogecoin product will trade under the ticker “DOGE” with a 2.5% fee.
21Shares president Duncan Moir said that Dogecoin “has become more than a cryptocurrency: it represents a cultural and financial movement that continues to drive mainstream adoption, and DOGE offers investors a regulated avenue to be part of this exciting project.”
Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
Update April 10 at 1:41am UTC: This article has been updated to include more background on Paul Atkins before becoming SEC chair.
The US Senate has confirmed US President Donald Trump’s nominee, Paul Atkins, as chair of the Securities and Exchange Commission in a 51-45 vote largely along party lines.
Atkins’ confirmation on April 9 comes after Trump named the pro-crypto former Wall Street consultant to lead the agency late last year. Atkins also served as an SEC commissioner between 2002 and 2008, during the global financial crisis.
”A veteran of our Commission, we look forward to him joining with us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the agency’s commissioners wrote in an April 9 statement.
Atkins founded financial consulting firm Patomak Global Partners in 2009, specializing in regulatory compliance and risk management, and served as co-chair of crypto advocacy group Token Alliance between 2017 and late 2024.
After he’s sworn in, Atkins will take over from Mark Uyeda, who has been the SEC’s acting chair since Jan. 20, after former chair Gary Gensler stepped down. Gensler’s tenure saw the SEC launch multiple lawsuits and investigations against crypto firms over alleged breaches of securities laws.
Source: Cynthia Lummis
Senate Banking Committee Chairman Tim Scott expressed confidence that Atkins would continue the SEC’s crypto-friendly approach that it has taken under the Trump administration.
“Atkins will also provide regulatory clarity for digital assets, allowing American innovation to flourish, and ensuring we remain competitive on the global stage.”
Under Trump, the SEC created a Crypto Task Force to consult with the industry on regulation and dropped several crypto-related investigations and enforcement actions undertaken by the Gensler-led SEC.
Atkins is expected to take a different approach, telling a Senate confirmation hearing in March that a top priority of his at the SEC would be “to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.”
Atkins’ confirmation delayed by disclosures
Atkins’ confirmation was reportedly delayed due to several financial disclosures he needed to file as a result of marrying into a billionaire family.
Related: No crypto project has registered with the SEC and ‘lived to tell the tale’ — House committee hearing
He married Sarah Humphreys Atkins in 1990 — whose family is tied to TAMKO Building Products LLC, a manufacturer of residential roofing shingles that turned over $1.2 billion in revenue in 2023, Forbes reported in December. The couple have a reported combined net worth of at least $327 million.
Some of those financial disclosures revealed that Atkins owned up to $6 million worth of crypto-related investments, including crypto custody platform Anchorage Digital and blockchain tokenization platform Securitize, Fortune reported last month.
Magazine: SEC’s U-turn on crypto leaves key questions unanswered
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway