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Kemi Badenoch has called for a national inquiry into the grooming scandal that took place across UK towns and cities, arguing one was “long overdue”.

The Tory leader said 2025 “must be the year that victims get justice” after it emerged that Jess Phillips, the safeguarding minister, had rejected calls from Oldham council for a public inquiry into child exploitation in the town.

In a post on X, the Tory leader wrote: “The time is long overdue for a full national inquiry into the rape gangs scandal.

“Trials have taken place all over the country in recent years but no one in authority has joined the dots. 2025 must be the year that the victims start to get justice.”

Ms Badenoch was joined in her calls by shadow safeguarding minister Alicia Kearns, who has written to Ms Phillips asking her to reverse the government’s decision regarding Oldham.

“We have asked for planned Conservative measures to be enacted, to reverse the Oldham refusal, and for a statutory inquiry into grooming and rape gangs,” she wrote.

Girls as young as 11 were groomed and raped across a number of towns in England – including Oldham, Rochdale, Rotherham and Telford – over a decade ago in a national scandal that was exposed in 2013.

The following year a report by Prof Alexis Jay revealed the scale of exploitation in Rotherham between 1997 and 2013 – where around 1,400 girls were abused – and the failure of police and social services to intervene.

It was followed by the statutory Independent Inquiry into Child Sexual Abuse (IICSA), also chaired by Prof Jay, who found in her final report published in 2022 that children were still being sexually exploited by networks in all parts of England and Wales in the “most degrading and destructive ways”.

The final report recommended that institutions that work with children should be required by law to report suspicions of child sexual abuse.

In a letter to Oldham Council dated October last year, Ms Phillips, the Labour MP for Birmingham Yardley, said that while she recognised the “strength of feeling” over the matter, she believed it was for “Oldham Council alone to decide to commission an inquiry into child sexual exploitation locally, rather than for the government to intervene”.

She added: “I welcome the council’s resolution to do so, as set out in your letter, and to continue its important work with victims and survivors.

“Should the council choose to proceed, I would look forward to the inquiry’s findings and ensuring that any lessons that can be learnt to improve the frontline response are adopted at a local and, where applicable, at a national level.”

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Children ‘still at risk’ of abuse in Rochdale

Ms Phillips has been criticised for her response by Conservative politicians, including former home secretary Suella Braverman, who accused the minister of “letting down victims”.

However, Ms Badenoch faced criticism on social media by Sammy Woodhouse, a survivor of sexual abuse in Rotherham, who said: “I’ve met with your party for 12 years about this when you were in power. I asked for an inquiry into every town and city, none of you cared. Now you need the vote you want to speak on it?”

Read more:
AI-generated child abuse images increasing at ‘chilling’ rate
Met Police ‘failing to deal with child sexual exploitation’, report says

And Reform UK leader Nigel Farage said: “Talk is cheap. The Conservatives had 14 years in government to launch an inquiry.

“The establishment has failed the victims of grooming gangs on every level.”

An Oldham Council spokesman said: “Survivors sit at the heart of our work to end child sexual exploitation.

“Whatever happens in terms of future inquiries, we have promised them that their wishes will be paramount, and we will not renege on that pledge.”

A Labour spokesperson said: “Child sexual abuse and exploitation are the most horrendous crimes and the Home Office supports police investigations and independent inquiries to get truth and justice for victims.

“We have supported both the national overarching inquiry into child abuse which reported in 2022, and local independent inquiries and reviews including in Telford, Rotherham and Greater Manchester.

“This government is working urgently to strengthen the law so that these crimes are properly reported and investigated.”

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Chancellor to hold tariff crisis talks with top City executives

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Chancellor to hold tariff crisis talks with top City executives

Rachel Reeves will seek to gauge the unfolding impact of President Donald Trump’s tariffs blitz on Wednesday when she holds talks with some of the City’s top executives.

Sky News has learnt the chancellor will hold talks with bosses from companies including Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G amid ongoing volatility in global financial markets.

Insiders said the talks had been convened to help frame the Treasury’s financial services growth and competitiveness strategy.

However, they acknowledged that the fallout from US tariffs, while not directly affecting most City employers, would feature prominently on Wednesday’s agenda.

“The chancellor will use this meeting to show leadership, building on her statement to the House earlier today, and reiterating that the government will act decisively to take the right decisions in our national interest and protect working people,” a Treasury insider said.

Ms Reeves would stress a commitment to working with international partners to reduce barriers to trade, while pursuing the best possible bilateral deal with the US, they added.

Charlie Nunn, the Lloyds boss; Antonio Simoes of L&G; and Dan Olley, Hargreaves Lansdown’s chief, will all attend the talks.

More on Rachel Reeves

Read more:
Tariffs could disrupt medicine supplies to UK, warns health secretary

What China could do next as Trump’s tariff war ramps up

It will be the latest in a string of meetings the chancellor has held in recent weeks in a bid to boost economic growth.

Her budget last October sparked a furious backlash from the business community, while last month’s spring statement raised fresh fears about the possibility of further tax rises later this year.

None of the companies invited to Wednesday’s meeting would comment when approached by Sky News.

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Crypto execs expect global banking push into Bitcoin by end of 2025

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Crypto execs expect global banking push into Bitcoin by end of 2025

Crypto execs expect global banking push into Bitcoin by end of 2025

Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.

Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.

According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.

“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.

Crypto adoption is not just about Trump

While some investors focus on the pro-crypto stance of US President Donald Trump, Turner emphasized that broader regulatory momentum is what matters most.

“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.

Banks, Paris, Bitcoin Regulation, Policy

Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph

Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:

“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”

“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.

Related: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B

Banks are no longer afraid of Bitcoin regulators

With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.

“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the  US regulatory authorities,” he said, adding:

“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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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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