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Former Labour deputy prime minister John Prescott has died aged 86, following a battle with Alzheimer’s, his family has announced.

The former trade union activist and ex-merchant seaman served as MP for Kingston upon Hull East for 40 years and was a key part of New Labour under Sir Tony Blair.

His family said he had “spent his life trying to improve the lives of others, fighting for social justice and protecting the environment”.

Lord Prescott died peacefully, surrounded by relatives at his care home on 20 November.

Read more: Labour’s stalwart who pulled no punches

John Prescott and his wife Pauline.
Pic: PA
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John Prescott and his wife Pauline.
Pic: PA

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The John Prescott ‘punch’ moment from 2001

In a statement released after his death, his wife Pauline and sons Johnathan and David said that representing the people of Hull had been his “greatest honour”.

They said: “We are deeply saddened to inform you that our beloved husband, father and grandfather, John Prescott, passed away peacefully yesterday at the age of 86.

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“He did so surrounded by the love of his family and the jazz music of Marian Montgomery.

“John spent his life trying to improve the lives of others, fighting for social justice and protecting the environment, doing so from his time as a waiter on the cruise liners to becoming Britain’s longest-serving deputy prime minister.

“John dearly loved his home of Hull and representing its people in Parliament for 40 years was his greatest honour.”

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Former deputy PM John Prescott dies

They continued: “We would like to thank the amazing NHS doctors and nurses who cared for him after his stroke in 2019 and the dedicated staff at the care home where he passed away after latterly living with Alzheimer’s.

“In lieu of flowers and if you wish to do so, you can donate to Alzheimer’s Research UK.

“As you can imagine, our family needs to process our grief so we respectfully request time and space to mourn in private.

“Thank you.

“Pauline, Johnathan and David Prescott.”

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A political giant



Mhari Aurora

Political correspondent

@MhariAurora

The death of John Prescott – the longest-serving deputy prime minister in British history – has sent shockwaves through British politics.

Serving in Neil Kinnock’s shadow cabinet before becoming Tony Blair’s deputy, Prescott was a political giant and an incredibly influential working-class voice in the Labour movement.

The son of a railway signalman and the grandson of a miner, Prescott offered a fresh working-class perspective in stark contrast to Tony Blair’s wealthy Oxbridge background: something that Blair has said undoubtedly contributed to Labour’s electoral success.

Current deputy prime minister Angela Rayner has been compared to John Prescott for providing Starmer with a working-class teammate with a trade union background, but Prescott’s colourful life and authenticity – even when that meant punching a protester for throwing an egg at him – can never be emulated.

Whatever he’s remembered for – from the Kyoto Protocol, being a mediator between Blair and Brown, or perhaps his personal issues – there is no doubt that his career will go down in history as a consequential contribution to the Labour movement.

‘A great man and great servant of country and party’

Lord Prescott served as deputy leader under Sir Tony and was seen by many as a key link to the party’s traditional working-class values amid the modernising push.

The two of them became known as “the odd couple”.

Paying tribute, Sir Tony said he was “devastated” by news of Lord Prescott’s death.

Sir Tony described him as “one of the most talented people I ever encountered in politics” who could “talk in the bluntest and sometimes bluest language”.

Tony Blair and John Prescott at Brighton races, in 1995.
Pic: PA
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The ‘odd couple’ at the Brighton races, in 1995.
Pic: PA

He added: “He was from proud traditional working-class stock yet understood instinctively and completely the aspirations of that class and their desire to better themselves.

“It is no exaggeration to say the Labour Party could never have won three consecutive full terms without John.”

Sir Tony continued: “Underneath what could be a fierce exterior, and a manner some undoubtedly found intimidating, beat a loving, kind and compassionate human heart.

“John was as good a friend as you could ever hope to have, with a deep sensitivity, even vulnerability.

“He will deservedly occupy a special place in the pantheon of the Labour leadership; he will be mourned by his many friends and fans around the world and for me personally, today is a day of profound sadness but also immense pride in having known him and worked with him: a great man and great servant of country and Party.”

King tribute to ‘unique character’

The King also paid his respects to Lord Prescott’s achievements and praised his “indomitable character”.

“I am deeply saddened to learn of the death of Lord Prescott,” he said. “I remember with great fondness his unique and indomitable character, as well as his infectious sense of humour.

“My thoughts and greatest sympathy are with Lord Prescott’s wife, family and loved ones at such a difficult time, and I am sure that very many people will recognize and greatly appreciate Lord Prescott’s decades of public service in front-line politics.”

(L-R) Blair, Prescott and Brown at the Labour Party conference in 1998.
Pic: PA
Image:
(L-R) Blair, Prescott and Brown at the Labour Party conference in 1998.
Pic: PA

Lord Prescott famously punched a protester who threw an egg at him during an election campaign visit in North Wales in 2001.

During much of his time in office, Lord Prescott acted as a mediator between Sir Tony and then-chancellor Gordon Brown.

Mr Brown said: “Few achieve something akin to heroic status in their own lifetime, particularly when having to deal with the compromises of being in government, but John Prescott became – and will remain – a legend of the Labour Party”.

He added: “John Lennon said the working class hero is a difficult thing to be, but I think John would be just fine with being remembered that way.”

Baroness (Harriet) Harman told Sky News’ Electoral Dysfunction podcast Mr Prescott was “instrumental in reassuring traditional old Labour voters” who may have been put off by Tony Blair’s New Labour project.

Once in government, “he fought to make sure” the party delivered for “those people who felt left behind”, she added.

“People talk about the Red Wall – John Prescott was the Red Wall.”

Pic: AP
Image:
Pic: AP

He also served as secretary of state for the environment, transport and regions and helped negotiate the international climate change treaty the Kyoto Protocol.

Former US vice president Al Gore worked with Lord Prescott on the Kyoto Protocol in 1997.

He said he had “never worked with anyone in politics – on my side of the pond or his – quite like John Prescott”.

He added: “He possessed an inherent ability to connect with people about the issues that mattered to them – a talent that others spend years studying and cultivating, but that was second nature to him.”

Prime Minister Sir Keir Starmer said he was “deeply saddened” to hear the news of Lord Prescott’s death.

While a loyal supporter of Sir Tony in office, Lord Prescott subsequently became critical of parts of the legacy left behind by New Labour.

This included denouncing Britain’s involvement in the Iraq War.

He also defended Jeremy Corbyn during his time as party leader in the face of fierce criticism.

John Prescott diving off the coast of Northumberland in celebration of World Oceans Day in 1997. 
Pic: PA
Image:
John Prescott diving off the coast of Northumberland in celebration of World Oceans Day in 1997.
Pic: PA

John Prescott takes a close look at a Chinese Mitten Crab called Dennis, during a news conference about the Millenium flood defences.
Pic: PA
Image:
John Prescott takes a close look at a Chinese Mitten Crab called Dennis, during a news conference about the Millenium flood defences.
Pic: PA

He was ennobled in 2010 but ceased to be a member of the upper House in July after facing health difficulties.

He had only spoken once in the chamber since suffering a stroke in 2019, and had not voted since February 2023.

Born in Prestatyn, Wales, on 31 May 1938, the son of a railwayman left school aged 15 to work as a trainee chef, then as a steward on the Cunard Line before entering politics in a career that spanned decades.

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

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Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.

Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.

However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.

“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:

“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

Source: Raoul Pal

“Also, the US is trying to shut down China tariff arbitrage using other channels such as Mexico or Vietnam,” Pal said.

Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes

China retaliates with new tariffs

Considering China’s latest retaliatory measures, a resolution remains unlikely in the short term.

In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.

Trump tariff negotiations are ‘all about’ China deal — Raoul Pal

China overtakes the US in global trade. Source: Econovis

China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.

Crypto markets watch trade outcome closely

As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.

Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.

Related: Crypto market bottom likely by June despite tariff fears: Finance Redefined

Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.

“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:

“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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Nigerian court postpones Binance tax evasion case to end of April: Report

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Nigerian court postpones Binance tax evasion case to end of April: Report

Nigerian court postpones Binance tax evasion case to end of April: Report

A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.

Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email.

Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents to Binance outside the country.

“On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is … registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” he said.

FIRS sued Binance in February, claiming the exchange owed $2 billion in back taxes and should be made to pay $79.5 billion for damages to the local economy as its its operations allegedly destabilized the country’s currency, the naira, which Binance denies.

It also reportedly alleged that Binance is liable to pay corporate income tax in Nigeria, as it has a “significant economic presence” there, with FIRS requesting a court order for the exchange to pay income taxes for 2022 and 2023, plus a 10% annual penalty on unpaid amounts along with a nearly a 27% interest rate on the unpaid taxes.

Nigeria’s legal history with Binance

In February 2024, Nigeria arrested and detained Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country dropped the tax charges against both in June and the remaining charge against Gambaryan in October.

Nigerian court postpones Binance tax evasion case to end of April: Report

Tigran Gambaryan (right) was seen in a September video struggling to walk into a courtroom in the Nigerian capital of Abuja. Source: X

Anjarwalla managed to slip his guards and escape Nigerian custody to Kenya in March last year and is apparently still at large.

Related: Binance exec shares details about release from Nigerian detention 

Gambaryan, a US citizen, returned home in October after reports suggested his health had deteriorated during his detainment with reported cases of pneumonia, malaria and a herniated spinal disc that may need surgery.

Binance stopped its naira currency deposits and withdrawals in March 2024, effectively leaving the Nigerian market.

Magazine: Trash collectors in Africa earn crypto to support families with ReFi 

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Sam and Starmer – what did PM actually mean?

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Sam and Starmer – what did PM actually mean?

👉Listen to Politics at Sam and Anne’s on your podcast app👈

It’s the final episode before recess so Sky News’ Sam Coates and Politico’s Anne McElvoy wonder, given the turbulent times, who’ll be the first to call for Parliament to be recalled?

And talking of the Lib Dems, there’s some new polling which might put a spring into the step of Ed Davey – is his party’s position on Trump and trade doing them some favours?

Of course, there’s plenty of time to talk about the onslaught of US tariffs and implications for the UK – watch out for if the PM is asked about fiscal headroom when he appears before the Liaison Committee of senior MPs later.

Sam and Anne also ponder the PM’s response to Sam at a Q&A yesterday.

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