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The frustration and despair of Tory MPs felt towards Rishi Sunak’s top team is revealed in leaked WhatsApp messages obtained by Sky News.

One MP called the parliamentary operation a “shitshow” and “crazy”, while another said they were “at a loss” at the handling of a crunch Monday night vote on excluding MPs arrested on suspicion of serious sexual or violent offences.

They echo comments Tory MPs have made privately to Sky News.

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There is fury today among Tory MPs after most found themselves on the losing side of a vote on a Lib Dem and Labour motion to exclude any MP arrested for a serious offence from the parliamentary estate, which would bring Westminster into line with many other workplaces.

The bulk of Tory MPs backed a different plan – to exclude MPs at the point of charge, arguing that MPs could easily become the target of vexatious complaints.

It was a free vote, which meant MPs did not have to vote on party lines.

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However, in a move that baffled Conservative MPs, when the Commons came to vote to overturn the opposition motion, the Tory whips did not put up “tellers” – vote counters – and so it could not be held, meaning the opposition motion passed.

This often happens because of disorganisation or confusion about events in the chamber, and often marks a failing of either the Tory whips or the Commons leader’s office – figures appointed by Mr Sunak.

The WhatsApps show a government minister – Anne Marie Trevelyan – summoning Tories after initially losing the Lib Dem vote: “Anyone on estate who didn’t vote on amendment O please return asap! Lost amend by one vote. Otherwise the decision is arrest Not charge.”

Other Tories – Jill Mortimer and Jack Brereton – add weight to the appeal to vote down the Lib Dem motion, as does minister Greg Hands.

Brendan Clarke-Smith calls the Lib Dem plan to exclude MPs from parliament on arrest “an attack on basic civil liberties”.

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However, Cambridgeshire MP Anthony Browne suddenly announces three minutes later: “Division off!”

There is incredulity with Pauline Latham demanding to know what has happened, adding: “This is crazy.”

Conservative MP Angela Richardson. Pic: House of Commons
Image:
Conservative MP Angela Richardson said the vote was a shitshow. Pic: House of Commons

Miriam Cates explains to colleagues there were no tellers, Angela Richardson says “what a shitshow!”, Andrea Leadsom says “A sad day”. Ms Cates says: “I am completely at a loss to understand why those of us who shouted ‘no’ were not told that there were no tellers” – indicating frustration with Mr Sunak’s parliamentary operation.

Mr Clarke-Smith says: “Angela better hope her interview goes well then. Unbelievable.” This is a reference to Angela Rayner, who is currently under police investigation and could be interviewed under caution in coming weeks. She denies all allegations and has not been arrested and Labour says this will not happen, but even if she were, she would not be excluded because the reason for arrest is unlikely to pass the serious offence test.

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The dialogue concludes with Mr Brereton saying: “We’re all going to be banned from the estate now…” and Ms Cates saying, “Watch the vexatious complaints roll in…”

One Tory said there was an “end of days vibe” in the Tory Party and the messages were evidence of a “meltdown” because the Tory whips can’t handle simple votes.

They too call it a “shitshow”.

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UK to require crypto firms to report every customer transaction

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UK to require crypto firms to report every customer transaction

UK to require crypto firms to report every customer transaction

United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve crypto tax reporting, the UK government said.

Everything from the user’s full name, home address and tax identification number will need to be collected and reported for every transaction, including the cryptocurrency used and the amount moved, the UK Revenue and Customs department said in a May 14 statement.

Details of companies, trusts and charities transacting on crypto platforms will also need to be reported.

Failure to comply or inaccurate reporting may incur penalties of up to 300 British pounds ($398.4) per user. The UK Revenue and Customs department said it would inform companies on how to comply with the incoming measures in due course.

However, UK authorities are encouraging crypto firms to start collecting data now to ensure compliance readiness.

The new rule is part of the UK’s integration of the Organisation for Economic Development’s Cryptoasset Reporting Framework to improve transparency in crypto tax reporting.

The changes reflect the UK government’s aim to establish a more robust regulatory framework that supports industry growth while ensuring consumer protection.

Related: Bitwise lists four crypto ETPs on London Stock Exchange

UK Chancellor Rachel Reeves also introduced a draft bill in late April to bring crypto exchanges, custodians and broker-dealers within its regulatory reach to combat scams and fraud.

“Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability,” Reeves said at the time.

A study from the UK’s Financial Conduct Authority last November found that 12% of UK adults owned crypto in 2024 — a significant increase from the 4% reported in 2021.

UK’s approach contrasts with EU’s MiCA

The UK’s move to integrate the crypto rules into its existing financial framework contrasts with the European Union’s approach, which introduced the new Markets in Crypto-Assets Regulation framework last year.

According to the MiCA Crypto Alliance, one key difference is that the UK will allow foreign stablecoin issuers to operate in the UK without needing to register.

There will also be no cap on stablecoin volumes, unlike the EU’s approach, which may impose controls on stablecoin issuers to manage systemic risks.

UK to require crypto firms to report every customer transaction
Source: MiCA Crypto Alliance

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Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts

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Hong Kong police busts M laundering ring that used crypto, 500 bank accounts

Hong Kong police busts M laundering ring that used crypto, 500 bank accounts

Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported.

The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong.

The suspects allegedly recruited others to open bank accounts to receive proceeds from fraud cases, which were then converted into crypto at crypto exchange shops to launder the illicit funds, Hong Kong Commercial Daily reported on May 17.

The criminal organization rented a residential unit in the Hong Kong neighborhood of Mong Kok to plan and carry out its money laundering activities. Of the $15 million laundered, more than $1.2 million was linked to 58 reported fraud cases.

Caught in action

The bust followed police surveillance on May 15, when two recruits left the syndicate’s Mong Kok base — one visiting a bank, the other an ATM — before both went to convert the cash into crypto at a crypto exchange shop in the neighborhood of Tsim Sha Tsui.

Police arrested both individuals on the spot, seizing around HK$770,000 ($98,540) in cash before the funds could be laundered. The other 10 individuals, aged between 20 and 41, were arrested soon after.

Police seized approximately HK$1.05 million ($134,370) in cash, over 560 ATM cards, multiple mobile phones, bank documents and records related to crypto transactions.

Senior Inspector Tse Ka-lun of Hong Kong’s Commercial Crime Bureau claimed that the individuals often used bank accounts from their friends and family to launder the stolen funds. 

Hong Kong reported a 12% year-on-year increase in fraud reports in 2024, with authorities making more than 10,000 fraud-related arrests. Of those arrests, around 73% involved individuals who held stooge bank accounts.

Related: DOJ charges 12 more gamer-turned $263M Bitcoin robbers

The crackdown comes as Hong Kong continues to roll out its crypto regulatory framework to support local innovation, protect consumers and establish itself as a crypto hub.

Hong Kong’s Securities and Futures Commission introduced new rules for crypto exchanges offering staking services in April. Two months earlier, the securities regulator rolled out a roadmap to improve market access, optimize compliance, expand product offerings, strengthen crypto infrastructure and foster relationships with industry players. 

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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Keir Starmer says closer EU ties will be good for UK jobs, bills and borders ahead of key talks

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Keir Starmer says closer EU ties will be good for UK jobs, bills and borders ahead of key talks

Sir Keir Starmer has said closer ties with the EU will be good for the UK’s jobs, bills and borders ahead of a summit where he could announce a deal with the bloc.

The government is set to host EU leaders in London on Monday as part of its efforts to “reset” relations post-Brexit.

A deal granting the UK access to a major EU defence fund could be on the table, according to reports – but disagreements over a youth mobility scheme and fishing rights could prove to be a stumbling block.

The prime minister has appeared to signal a youth mobility deal could be possible, telling The Times that while freedom of movement is a “red line”, youth mobility does not come under this.

His comment comes after Kaja Kallas, the EU’s high representative for foreign affairs, said on Friday work on a defence deal was progressing but “we’re not there yet”.

Sir Keir met European Commission president Ursula von der Leyen later that day while at a summit in Albania.

Prime Minister Sir Keir Starmer with President of the European Commission Ursula von der Leyen ahead of their bilateral meeting as he attends the European Political Community Summit (EPC) in Tirana, Albania. Picture date: Friday May 16, 2025. Leon Neal/PA Wire
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Ursula von der Leyen and Sir Keir had a brief meeting earlier this week. Pic: PA

If agreed, the deal will be the third in two weeks, following trade agreements with India and the US.

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Sir Keir said: “First India, then the United States – in the last two weeks alone that’s jobs saved, faster growth and wages rising.

“More money in the pockets of British working people, achieved through striking deals not striking poses.

“Tomorrow, we take another step forward, with yet more benefits for the United Kingdom as the result of a strengthened partnership with the European Union.”

Read more:
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Conservative leader Kemi Badenoch has said she is “worried” about what the PM might have negotiated.

Ms Badenoch – who has promised to rip up the deal with the EU if it breaches her red lines on Brexit – said: “Labour should have used this review of our EU trade deal to secure new wins for Britain, such as an EU-wide agreement on Brits using e-gates on the continent.

“Instead, it sounds like we’re giving away our fishing quotas, becoming a rule-taker from Brussels once again and getting free movement by the back door. This isn’t a reset, it’s a surrender.”

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