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The government will allow thousands of rapists, child sex offenders and other violent criminals to be released early from prison, the Conservatives claimed as a row over sentencing law reforms erupted.

Ahead of MPs debating the Sentencing Bill, introduced to tackle the growing prison population, on Tuesday, the Tories accused Labour of favouring criminals over victims and said the government’s approach is a “betrayal of victims”.

But Labour accused the Conservative Party of “rank hypocrisy” over prison overcrowding and the previous government’s early release policies.

The bill will restrict the use of short sentences and instead strengthen community punishments.

It will also include an “earned progression scheme”, which allows convicts who demonstrate good behaviour to be freed earlier, with enhanced supervision in the community followed by an unsupervised period on licence.

There will be a minimum release point of 33% for standard determinate sentences and a 50% minimum for more serious standard determinate sentences – as well as more tagging to monitor offenders in the community.

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Could a drone drop a gun into prison?

The Tories claim the bill as it is would mean 85% (6,500) of the most serious jailed offenders could qualify for early release because they are serving standard sentences, while more than 83% of child sex offenders and 62% of convicted rapists would serve reduced sentences.

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They have tabled an amendment to the bill to ensure a carve out for the most serious crimes, so those who commit assault by penetration, rape, grievous bodily harm, stalking and sexual offences against children cannot be released early.

Under Labour plans to abolish custodial sentences below 12 months, the Tories calculated up to 43,000 offenders could avoid jail altogether.

They said the bill could lead to permanent leniency in sentencing.

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Conservative shadow justice minister Dr Kieran Mullan said: “Labour’s early release plan is a betrayal of victims and a gift to rapists and paedophiles. Keir Starmer is putting criminals before communities and letting predators out early.

“Under Labour’s plans, thousands of the most serious and sickening offences imaginable would no longer be treated as such. What an insult to thousands of victims across the country.

“Anyone who vote for these plans will have to explain exactly why these crimes do not count among the most serious offences.

“The Conservatives will fight this moral rot every step of the way.”

Justice Secretary David Lammy at Belmarsh prison. Pic: PA
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Justice Secretary David Lammy at Belmarsh prison. Pic: PA

But sentencing minister Jake Richards accused the Tories of “rank hypocrisy” as he said the previous government took prisons to “breaking point”.

He said Labour are “cleaning up the mess” left by the Tories and accused them of “feigned outrage”.

“The Conservatives’ rank hypocrisy is shameful. They built this crisis, then feigned outrage when the consequences arrived,” he added.

“They took our prisons to breaking point, released thousands of serious offenders early and pushed Britain to the brink of a situation where police could no longer make arrests and courts could no longer prosecute.

“That would have been a total collapse of law and order.

“Now they attack us for cleaning up the mess they made. They are behaving like arsonists complaining the fire service couldn’t stop the flame.

“This Labour government believes in prison and in punishment that cuts crime.

“We’re delivering the biggest prison expansion since the Victorians, reforming sentencing to keep the public safe and building a justice system worthy of the name.”

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Millionaire former Tory donor defects to Reform

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Millionaire former Tory donor defects to Reform

Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.

Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.

Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.

He added: “He will take Reform UK Scotland to a new level.”

During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.

The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.

“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.

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“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.

“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.

“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”

The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.

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Claims made against Nigel Farage

Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.

Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.

Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.

Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.

A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.

On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.

Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.

“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.

The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation. 

If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.

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EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns

The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.

“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”

“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.

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Global stock market value by country. Source: Visual Capitalist

The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.

The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.

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