Ministers considering scrapping two-child benefit cap, education secretary says

Published

6 months ago

May 27, 2025

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Ministers are considering scrapping the two-child benefit cap, the education secretary told Sky News.

Bridget Phillipson, asked by Wilfred Frost on Sky News Breakfast if the cap should be lifted, said: “It’s not off the table.

“It’s certainly something that we’re considering.”

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The policy means most families cannot claim means-tested benefits for more than their first two children born after April 2017.

Ms Phillipson’s comments are the strongest a minister has made about the policy potentially being scrapped.

Analysis by The Resolution Foundation thinktank over the weekend found 470,000 children would be lifted out of poverty if parents could claim benefits for more than two children.

However, Ms Phillipson said the government inherited a “really difficult situation” with public finances from the Conservative government.

“These are not easy or straightforward choices in terms of how we stack it up, but we know the damage child poverty causes,” she added.

The education secretary, who is also head of the government’s child poverty taskforce, said ministers are trying to help in other ways, such as expanding funded childcare hours and opening free breakfast clubs.

She said it is “the moral purpose of Labour governments to ensure that everyone, no matter their background, can get on in life”.

Her “personal mission” is to tackle child poverty, she said.

Sir Keir Starmer is said to have privately backed abolishing the two-child limit and requested the Treasury find the £3.5bn to do so, The Observer reported on Sunday.

The government’s child poverty strategy, which the taskforce is working on, has been delayed from its original publication date in the spring.

Whether to scrap the two-child benefit cap is one of the main issues it is looking at.

Politics

MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

Published

4 hours ago

November 8, 2025

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MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

A New York jury was unable to reach a verdict in the case of Anton and James Peraire-Bueno, the MIT-educated brothers accused of fraud and money laundering related to a 2023 exploit of the Ethereum blockchain that resulted in the removal of $25 million in digital assets.

In a Friday ruling, US District Judge Jessica Clarke declared a mistrial in the case after jurors failed to agree on whether to convict or acquit the brothers, Inner City Press reported.

The decision came after a three-week trial in Manhattan federal court, resulting in differing theories from prosecutors and the defense regarding the Peraire-Buenos’ alleged actions involving maximal extractable value (MEV) bots.

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A MEV attack occurs when traders or validators exploit transaction ordering on a blockchain for profit. Using automated MEV bots, they front-run or sandwich other trades by paying higher fees for priority.

In the brothers’ case, they allegedly used MEV bots to “trick” users into trades. The exploit, though planned by the two for months, reportedly took just 12 seconds to net the pair $25 million.

In closing arguments to the jury this week, prosecutors argued that the brothers “tricked” and “defrauded” users by engaging in a “bait and switch” scheme, allowing them to extract about $25 million in crypto. They cited evidence suggesting that the two plotted their moves for months and researched potential consequences of their actions.

“Ladies and gentlemen, bait and switch is not a trading strategy,” said prosecutors on Tuesday, according to Inner City Press. “It is fraud. It is cheating. It is rigging the system. They pretended to be a legitimate MEV-Boost validator.”

In contrast, defense lawyers for the Peraire-Buenos pushed back against the US government’s theory of the two pretending to be “honest validators” to extract the funds, though the court ultimately allowed the argument to be presented to the jury.

“This is like stealing a base in baseball,” said the defense team on Tuesday. “If there’s no fraud, there’s no conspiracy, there’s no money laundering.”