Connect with us

Published

on

Britain’s annual Remembrance Day has a special dimension this year because it is the 80th anniversary of the D-Day landings.

The speaker of the House of Commons, Sir Lindsay Hoyle, and the Imperial War Museum are arranging for images of the men and women who took part in the Normandy campaign to be projected on the Elizabeth Tower below Big Ben.

Political leaders past and present will be on parade to lay wreaths at the Cenotaph, which commemorates “Our Glorious Dead” from two world wars and other military conflicts. Those assembled see no contradiction in the fact they are all bound to have been involved in cuts to the UK’s defence capabilities.

D-Day, when British and American troops fought on to the beaches to liberate Europe, is the defining moment of the UK’s patriotic pride to this day – which is why it was a big mistake by Rishi Sunak in the summer to duck out early from France and the international commemorations of 6 June 1944.

Ever since then Britain and Europe have nestled in the security umbrella extended by the United States.

The Americans came, belatedly, to the rescue in both world wars and we assume that it would do so again. The North Atlantic Treaty (NATO) is explicit that an attack on one member is an attack on all, and the US is the dominant contributor to NATO in both cash and military might.

There was already fresh uneasiness among British politicians about how safe we really are as tensions grow around the world from Ukraine to the Middle East to China. A recent House of Commons report was entitled “Ready For War?”.

More on Remembrance Day

The re-election of Donald Trump and his “America First” priorities have increased those pressures.

The King attends the Remembrance Sunday ceremony at the Cenotaph in 2023. Pic: AP
Image:
The King attends the Remembrance Sunday ceremony at the Cenotaph in 2023. Pic: AP

Russia’s territorial aggression against Ukraine has brought bloody confrontation between nation states back on to our continent.

Meanwhile, Mr Trump, the US president-elect, has said he feels no obligation to defend European countries who do not spend as much as he thinks they should.

Given the enthusiasm of successive governments to cash a peace dividend by cutting back defence spending, there are real doubts as to whether the UK would be able to defend itself if it came to another war, according to General Sir Roly Walker, who has taken over as the head of UK armed forces.

This summer he set himself the task of readying “to deter or fight a war in three years”.

He is aiming to double the “lethality” of the army in the face of threats from Russia, China, Iran and North Korea which may be separate or co-ordinated.

Republican presidential nominee and former U.S. President Donald Trump takes the stage to address supporters at his rally, at the Palm Beach County Convention Center in West Palm Beach, Florida, U.S., November 6, 2024. REUTERS/Brian Snyder
Image:
Donald Trump after taking the stage to declare victory. Pic: Reuters

The recent BRICS summit in Russia and the deployment of North Korean troops to fight with Vladimir Putin’s forces in Ukraine both show their willingness to internationalise local conflicts. George Robertson, the former defence secretary and NATO general secretary heading a defence review for the government, has also identified the threat from this “deadly quartet”.

General Walker says he can increase lethality within existing spending by smarter use of technology such as drones and AI.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

The problem is that this will still require diverting resources from existing capabilities, when deployable fighting manpower is already at its lowest for 200 years.

British politicians are increasingly aware of the need to strengthen capability and a number of overlapping inquiries are under way.

But given the overall pressures on the national budget, they have been reluctant to focus on the full financial implications.

Please use Chrome browser for a more accessible video player

Badenoch calls out Lammy at PMQs

At Prime Minister’s Questions on Wednesday, the new leader of the opposition Kemi Badenoch challenged Sir Kier Starmer to say when the UK will spend 2.5% of GDP on defence; he retorted that it remains an unspecified commitment but that the last Labour government was the last to spend as much. From Mr Cameron to Mr Sunak, the Conservatives never did.

This sparring ignores the reality that for effective security, spending will need to rocket to 3% and beyond, and that Mr Trump may well be the one making that demand.

The US spends 3.5% of its national wealth – matching 68% of the defence spending of all the other members on its own.

Read more:
D-Day: The story of 24 hours that changed the world
Is the UK preparing for war amid threats of conflict?
UK must be ready for war in three years, British Army head warns

Vladimir Putin meets  Recep Tayyip Erdogan on the sidelines of the BRICS summit in Kazan. Pic Reuters
Image:
Vladimir Putin meets Recep Tayyip Erdogan on the sidelines of the BRICS summit in Kazan. Pic Reuters

They have not all yet hit the official NATO target of 2%, designed in part to “Trump proof” the alliance against the possibility of an American pullout.

The US currently has 100,000 troops based in Europe, increased by 20,000 since Mr Putin’s attack in 2022.

The next Trump administration will certainly want to reduce that number. But a slow reduction of the US commitment is happening in any case.

This week, Professor Malcom Chalmers told MPs on the Defence Select Committee: “The most plausible planning assumption for the UK right now is that America will provide a progressively smaller proportion of NATO’s overall capability and we are going to have to fill those gaps.”

Please use Chrome browser for a more accessible video player

Can Trump’s tariffs impact the UK?

Given the likelihood that Mr Trump’s proposed new tariffs will slow the global economy, Sir Keir and the Labour government will have even less to spend on public services than it is proposing. It seems inconceivable that the UK would willingly go beyond 2.5%, whatever the current defence review says is necessary for the defence of the realm.

Just in current defence spending, John Healey, the new defence secretary, claimed he had inherited a £17bn “black hole” of unfunded planned spending from the Conservatives.

Ukraine is likely to be the first flashpoint.

Volodymyr Zelenskyy’s supporters want the US to increase its military aid when the US wants Europe to take more of the burden of defending itself as the US “pivots” to the greater threat it sees to itself from China.

Mr Trump has said he plans to end the Ukraine conflict in 24 hours.

 Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. REUTERS/Shannon Stapleton REFILE - QUALITY REPEAT
Image:
Ukraine’s President Volodymyr Zelenskyy with Donald Trump in New York. Pic: Reuters

In essence, Mr Putin would keep some of his territorial claims in Donbas and NATO would not extend its security guarantee to what remains of an independent Ukraine.

Mr Trump has already said that NATO’s longstanding and vague offer of eventual membership was “a mistake”.

Anxious not to alienate the US further and hard-pressed financially, some leading European nations including Germany appear ready to go along with such a sell-out.

👉 Tap here to follow the Sky News Daily wherever you get your podcasts 👈

A number of security experts, including former acting deputy prime minister Sir David Lidington, say this deal would be “Donald Trump’s Munich”.

This is a reference to the “peace in our time” deal agreed by prime minister Neville Chamberlain with Adolf Hitler, which failed to halt further aggression by Nazi Germany before the Second World War.

Then, as previously with the First World War, “America First” instincts were to leave the Europeans to sort out their own mess. But American forces ended up shedding their blood decisively in both conflicts.

Once again, the UK and Europe are not ready for war, and relying on an increasingly unreliable US. The politicians, prime ministers and generals gathering at the Cenotaph to honour the war dead should have much on their minds.

Continue Reading

Politics

‘Crypto is not communism’ — Exec slams BIS’ take on crypto

Published

on

By

‘Crypto is not communism’ — Exec slams BIS’ take on crypto

‘Crypto is not communism’ — Exec slams BIS’ take on crypto

The Bank for International Settlements’ (BIS) push to isolate crypto markets and its controversial recommendations on DeFi and stablecoins is “dangerous” for the entire financial system, warns the head of a blockchain investment firm.

“Many of their recommendations and conclusions — perhaps due to a mix of fear, arrogance, or ignorance — are completely uninformed and, frankly, dangerous,” CoinFund president Christopher Perkins said in an April 19 X post, referring to the BIS’ April 15 report titled “Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications.” 

BIS recommendations exposes TradFi to risks of “unimaginable scale”

“Crypto is not communism,” Perkins said, pushing back against the BIS’ call for a “containment” approach to isolate crypto from traditional finance and the broader economy.

“It’s the new internet that provides anyone with a connection access to financial services,” Perkins said. “You cannot control it anymore than you control the internet,” he added.

Perkins warned that a containment approach to crypto would expose the traditional financial system to massive liquidity risks “of unimaginable scale,” especially when the crypto market operates in real-time, 24/7, while traditional financial markets shuts down after trading hours.

“If implemented they will cause–not mitigate–the systemic risk they seek to prevent.”

The report warned that the number of investors and amount of capital in crypto and DeFi have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.”

Cryptocurrencies
Source: Michael Egorov

Perkins pushed back against the BIS’ claim that DeFi presents significant challenges, arguing instead that it represents a “significant improvement” over the “opacity” and imbalances of the traditional financial system.

Related: Crypto industry is not experiencing regulatory capture — Attorney

Responding to the BIS’s concern about the anonymity of DeFi developers, Perkins questioned its relevance:

“Sorry, but when was the last time a TradFi company published a list of its developers? Sure, public companies provide a degree of disclosures and transparency, but they seem to be dying off in favor of private markets.”

Perkins also critiqued the BIS’s concern around stablecoins that it could lead to “macroeconomic instability in countries like Venezuela and Zimbabwe.”

“If there is demand for USD stablecoins and it helps improve the condition of anyone in the developing world, perhaps that is a good thing,” Perkins said.

Cryptocurrencies
Source: Christopher Perkins

Perkins wasn’t alone in criticizing the controversial report. Lightspark co-founder Christian Catalini also weighed in, posting a series of critiques on X that same day. Catalini summed up the report with the analogy:

“Think: writing parking regulations for a fleet of self‑driving drones — earnest work, two technological leaps behind.”

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

Continue Reading

Politics

The British economy has lost out – and sucking up to Trump will only get Starmer so far

Published

on

By

The British economy has lost out - and questionable meat and cheese ban is a reminder of why

Unwary travellers returning from the EU risk having their sandwiches and local delicacies, such as cheese, confiscated as they enter the UK.

The luggage in which they are carrying their goodies may also be seized and destroyed – and if Border Force catch them trying to smuggle meat or dairy products without a declaration, they could face criminal charges.

The new jeopardy has come about because last weekend, the government quietly “extended” its “ban on personal meat imports to protect farmers from foot and mouth”.

This may or may not be bureaucratic over-reaction.

It’s certainly just another of the barriers EU and UK authorities are busily throwing up between each other and their citizens – at a time when political leaders keep saying the two sides should be drawing together in the face of Donald Trump’s attacks on European trade and security.

Starmer and Macron meeting at Chequers last month. Pic: Reuters
Image:
Keir Starmer’s been embarking on a reset with European leaders. Pic: Reuters

The ban on bringing back “cattle, sheep, goat, and pig meat, as well as dairy products, from EU countries into Great Britain for personal use” is meant “to protect the health of British livestock, the security of farmers, and the UK’s food security.”

There are bitter memories of previous outbreaks of foot and mouth disease in this country, in 1967 and 2001.

In 2001, there were more than 2,000 confirmed cases of infection resulting in six million sheep and cattle being destroyed. Footpaths were closed across the nation and the general election had to be delayed.

In the EU this year, there have been five cases confirmed in Slovakia and four in Hungary. There was a single outbreak in Germany in January, though Defra, the UK agriculture department, says that’s “no longer significant”.

The UK imposed bans on personal meat and dairy imports from those countries, and Austria, earlier this year.

Authorities carry disinfectant liquid near a farm during an outbreak of foot-and-mouth disease in Dunakiliti, Hungary. Pic: Reuters
Image:
Authorities carry disinfectant near a farm in Dunakiliti, Hungary. Pic: Reuters

Better safe than sorry?

None of the cases of infection are in the three most popular countries for UK visitors – Spain, France, and Italy – now joining the ban. Places from which travellers are most likely to bring back a bit of cheese, salami, or chorizo.

Could the government be putting on a show to farmers that it’s on their side at the price of the public’s inconvenience, when its own measures on inheritance tax and failure to match lost EU subsidies are really doing the farming community harm?

Many will say it’s better to be safe than sorry, but the question remains whether the ban is proportionate or even well targeted on likely sources of infection.

Read more: The products you can’t bring into Britain from the EU

Gourmet artisan chorizo sausages on display on a market stall. File pic: iStock
Image:
No more gourmet chorizo brought back from Spain for you. File pic: iStock

A ‘Brexit benefit’? Don’t be fooled

The EU has already introduced emergency measures to contain the disease where it has been found. Several thousand cattle in Hungary and Slovenia have been vaccinated or destroyed.

The UK’s ability to impose the ban is not “a benefit of Brexit”. Member nations including the UK were perfectly able to ban the movement of animals and animal products during the “mad cow disease” outbreak in the 1990s, much to the annoyance of the British government of the day.

Since leaving the EU, England, Scotland and Wales are no longer under EU veterinary regulation.

Northern Ireland still is because of its open border with the Republic. The latest ban does not cover people coming into Northern Ireland, Jersey, Guernsey, or the Isle of Man.

Rather than introducing further red tape of its own, the British government is supposed to be seeking closer “alignment” with the EU on animal and vegetable trade – SPS or “sanitary and phytosanitary” measures, in the jargon.

Various types of cheese. Pic: iStock
Image:
A ban on cheese? That’s anything but cracking. Pic: iStock

UK can’t shake ties to EU

The reasons for this are obvious and potentially make or break for food producers in this country.

The EU is the recipient of 67% of UK agri-food exports, even though this has declined by more than 5% since Brexit.

The introduction of full, cumbersome, SPS checks has been delayed five times but are due to come in this October. The government estimates the cost to the industry will be £330m, food producers say it will be more like £2bn.

With Brexit, the UK became a “third country” to the EU, just like the US or China or any other nation. The UK’s ties to the European bloc, however, are much greater.

Half of the UK’s imports come from the EU and 41% of its exports go there. The US is the UK’s single largest national trading partner, but still only accounts for around 17% of trade, in or out.

The difference in the statistics for travellers are even starker – 77% of trips abroad from the UK, for business, leisure or personal reasons, are to EU countries. That is 66.7 million visits a year, compared to 4.5 million or 5% to the US.

And that was in 2023, before Donald Trump and JD Vance’s hostile words and actions put foreign visitors off.

Please use Chrome browser for a more accessible video player

Trump: ‘Europe is free-loading’

More bureaucratic botheration

Meanwhile, the UK and the EU are making travel between them more bothersome for their citizens and businesses.

This October, the EU’s much-delayed EES or Entry Exit System is due to come into force. Every foreigner will be required to provide biometric information – including fingerprints and scans – every time they enter or leave the Schengen area.

From October next year, visitors from countries including the UK will have to be authorised in advance by ETIAS, the European Travel and Authorisation System. Applications will cost seven euros and will be valid for three years.

Since the beginning of this month, European visitors to the UK have been subject to similar reciprocal measures. They must apply for an ETA, an Electronic Travel Authorisation. This lasts for two years or until a passport expires and costs £16.

The days of freedom of movement for people, goods, and services between the UK and its neighbours are long gone.

The British economy has lost out and British citizens and businesses suffer from greater bureaucratic botheration.

Nor has immigration into the UK gone down since leaving the EU. The numbers have actually gone up, with people from Commonwealth countries, including India, Pakistan and Nigeria, more than compensating for EU citizens who used to come and go.

Focaccia sandwiches with prosciutto. Pic: iStock
Image:
Editor’s note: Hands off my focaccia sandwiches with prosciutto! Pic: iStock

Will European reset pay off?

The government is talking loudly about the possible benefits of a trade “deal” with Trump’s America.

Meanwhile, minister Nick Thomas Symonds and the civil servant Mike Ellam are engaged in low-profile negotiations with Europe – which could be of far greater economic and social significance.

The public will have to wait to see what progress is being made at least until the first-ever EU-UK summit, due to take place on 19 May this year.

Hard-pressed British food producers and travellers – not to mention young people shut out of educational opportunities in Europe – can only hope that Sir Keir Starmer considers their interests as positively as he does sucking up to the Trump administration.

Continue Reading

Politics

Farage accused of peddling ‘nonsense and lies’ – as he predicts ‘the new Brexit’

Published

on

By

Farage accused of peddling 'nonsense and lies' - as he predicts 'the new Brexit'

Ed Miliband has accused Nigel Farage of peddling “nonsense and lies” about the government’s commitment to net zero, as the Reform UK leader said the issue could become the “new Brexit”.

The energy secretary said both Mr Farage’s party and the Conservatives were prepared to “make up any old nonsense and lies to pursue their ideological agenda” ahead of next month’s local elections.

The former Labour leader also warned if an anti-net zero agenda was followed, it would not only risk “climate breakdown” but also “forfeit the clean energy jobs of the future” in Britain.

In an article for The Observer referring to price rises that began in 2022, he wrote: “Our exposure to fossil fuels meant that, as those markets went into meltdown and prices rocketed, family, business and public finances were devastated.

“The cost of living impacts caused back then still stalk families today.”

Ed Miliband during a visit to the London Power Tunnels earlier this month. Pic: PA
Image:
Ed Miliband during a visit to the London Power Tunnels. Pic: PA

‘Hopelessly out of touch’

After the government’s decision to take control of British Steel from its Chinese owners earlier this month, Mr Farage accused Mr Miliband, whom he has repeatedly called “Red Ed”, of pursuing “net-zero lunacy”.

He said efforts to cut carbon emissions have made it harder to source the coal required to keep blast furnaces at the company’s crisis-hit Scunthorpe plant running after supplies were shipped from abroad last week.

In an interview with The Sun, Mr Farage said net zero could become “the new Brexit”, “where parliament is so hopelessly out of touch with the country”.

The Reform leader wants the government to ditch its target of achieving net zero by 2050.

Since she became Tory leader, Kemi Badenoch has also cast doubt on the government’s commitment to achieving net zero by 2050 – a target made by her own party.

But Sir Keir Starmer is expected to double down on the government’s commitment to clean power at an International Energy Agency conference in London this week.

Read more from Sky News:
Upskirted teacher on misogynistic attitudes in classroom
Why families are facing agonising waits to bury their loved ones

Please use Chrome browser for a more accessible video player

Farage rides on tractor

‘We need a British DOGE’

In his interview with The Sun, Mr Farage also vowed to be Britain’s equivalent of Elon Musk by cutting excess council spending if his party claims victory in next month’s local elections.

Mr Musk’s so-called Department of Government Efficiency (DOGE) has dismantled entire US federal agencies and cut tens of thousands of jobs.

The Reform leader said he would “send in the auditors” to every council Reform wins, adding: “The whole thing has to change. We need a British DOGE for every county and every local authority in this country.”

That’s despite the National Audit Office warning councils are facing a major funding crisis, with social care in particular putting huge strain on their budgets.

Votes for 1,641 council seats across 23 authorities in England will take place on 1 May.

Continue Reading

Trending