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The Northern Ireland Affairs Committee at Westminster is proposing significant changes to power-sharing in a bid to stabilise the Stormont government.

Measures include rebranding the equal offices of First and Deputy First Ministers ‘Joint First Ministers’, with both being elected by a two-thirds supermajority.

Any two Members from any two parties would be eligible for election, rather than just the largest two parties, as at present.

The backbench committee also proposes reforming the rules so that an Assembly Speaker can be elected by the same two thirds supermajority.

Currently, votes from a majority within both Nationalist and Unionist traditions are required to elect a Speaker, First and Deputy First Ministers.

But recent Northern Ireland Assembly and council elections have shown a significant increase in the number identifying as neither Nationalist nor Unionist.

Supermajority voting would effectively equate to cross-community consent, the Committee heard during its inquiry into why the devolved government has repeatedly collapsed.

It is 18 months since Sinn Fein topped the poll, Michelle O’Neill becoming the first Nationalist eligible to be elected First Minister.

But the Democratic Unionists have been boycotting power-sharing ever since in protest at the Irish Sea border established under post-Brexit trading arrangements.

When the Northern Ireland Affairs Committee began examining the issue, Stormont had been non-functioning for 40% of the time since its inception.

Read more from Sky News:
Absence of power-sharing has focused minds in Belfast
DUP wants ‘seismic’ offer from Downing Street to restore power-sharing

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What is the Good Friday Agreement?

Committee chair, Sir Robert Buckland, said: “When Stormont collapses, critical public services are cast adrift.

“Health, education, policing; are all feeling the strain while important decisions go unmade, and the people of Northern Ireland suffer.

“More stringent safeguards are needed to protect against the cycle of restoration and collapse that has dogged Stormont.

“The short-term measures we’ve proposed will shore up the stability of Stormont, increasing the incentives to keep the institutions moving and enabling the Assembly to run without an Executive in place.

“In the longer run, we feel that a full independent review into the effectiveness of the institutions of the Belfast/Good Friday Agreement should be conducted with input from all stakeholders,” he added.

The proposed changes could require consultation with the Irish Government as co-guarantor of the Agreement, and with each of the political parties.

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PM issues warning to European leaders ahead of ECHR talks

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PM issues warning to European leaders ahead of ECHR talks

Sir Keir Starmer has called for a tougher approach to policing Europe’s borders ahead of a meeting between leaders to discuss a potential shake-up of the European Convention on Human Rights (ECHR).

The prime minister said the way in which the ECHR is interpreted in courts must be modernised, with critics long claiming the charter is a major barrier to deportations of illegal migrants.

His deputy, David Lammy, will today be in Strasbourg, France, with fellow European ministers to discuss reforms of how the agreement is interpreted in law across the continent.

In an opinion piece for The Guardian, Sir Keir and his Danish counterpart, Mette Frederiksen, said the change was necessary to prevent voters from turning to populist political opponents.

Small boat crossings have risen this year. File pic: PA
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Small boat crossings have risen this year. File pic: PA

What’s the issue with the ECHR?

The ECHR, which is the foundation of Britain’s Human Rights Act, includes the right to family life in its Article 8.

That is often used as grounds to prevent deportations of illegal migrants from the UK.

More on Asylum

There has also been a rise in cases where Article 3 rights, prohibiting torture, were used to halt deportations over claims migrants’ healthcare needs could not be met in their home country, according to the Home Office.

The Conservatives and Reform UK have both said they would leave the ECHR if in power, while the Labour government has insisted it will remain a member of the treaty.

But Sir Keir admitted in his joint op-ed that the “current asylum framework was created for another era”.

“In a world with mass mobility, yesterday’s answers do not work. We will always protect those fleeing war and terror – but the world has changed, and asylum systems must change with it,” the two prime ministers wrote, as they push for a “modernisation of the interpretation” of the ECHR.

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System ‘more than broken’, says asylum seeker

What is happening today?

Mr Lammy is attending an informal summit of the Council of Europe.

He is expected to say: “We must strike a careful balance between individual rights and the public’s interest.

“The definition of ‘family life’ can’t be stretched to prevent the removal of people with no right to remain in the country [and] the threshold of ‘inhuman and degrading treatment’ must be constrained to the most serious issues.”

It is understood that a political declaration signed by the gathered ministers could carry enough weight to directly influence how the European Court of Human Rights interprets the treaty.

The UK government is expected to bring forward its own legislation to change how Article 8 is interpreted in UK courts, and is also considering a re-evaluation of the threshold for Article 3 rights.

David Lammy will swap Westminster for Strasbourg today
Image:
David Lammy will swap Westminster for Strasbourg today

The plans have been criticised by Amnesty International UK, which described them as weakening protections.

“Human rights were never meant to be optional or reserved for comfortable and secure times. They were designed to be a compass, our conscience, when the politics of fear and division try to steer us wrong,” Steve Valdez-Symonds, the organisation’s refugee and migrant rights programme director, said.

Sir Keir’s government has already adopted several hardline immigration measures – modelled on those introduced by Ms Federiksen’s Danish government – to decrease the number of migrants crossing the Channel via small boats.

Read more: UK’s immigration shake-up explained

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Beth Rigby: The two big problems with Labour’s asylum plan

Starmer-Macron deal ‘a sticking plaster’

Meanwhile, French far-right leader Jordan Bardella told The Daily Telegraph he would rewrite his country’s border policy to allow British patrol boats to push back small vessels carrying migrants into France’s waters if he were elected.

The National Rally leader called Sir Keir’s “one-in, one-out” agreement with Emmanuel Macron, which includes Britain returning illegal arrivals in exchange for accepting a matching number of legitimate asylum seekers, a “sticking plaster” and “smokescreen”.

Read more from Sky News:
PM warns of ‘lost decade of kids’
Storm Bram brings 90mph winds and rain

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Far-right, 30, and France’s most popular politician

He said that only a complete overhaul of French immigration policy would stop the Channel crossings.

Mr Bardella is currently leading in opinion polls to win the first round of France’s next presidential election, expected to happen in 2027, to replace Mr Macron.

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Trump to begin interviews with Fed chair finalists this week: FT

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Trump to begin interviews with Fed chair finalists this week: FT

The race for the new US Federal Reserve chair is nearing the finish line, with US President Donald Trump reportedly set to begin interviewing finalists for the top job this week. 

According to a report from the Financial Times on Tuesday, Treasury Secretary Scott Bessent has presented a list of four names to the White House.

One of these is former Fed governor Kevin Warsh, whom Bessent is scheduled to meet with on Wednesday. Another is National Economic Council director Kevin Hassett, who is seen as the frontrunner for the role. 

Another two names would be picked from a list of other finalists, which includes Fed governors Christopher Waller and Michelle Bowman, and BlackRock chief investment officer Rick Rieder.

Source: Financial Times

Trump and Bessent are expected to hold at least one interview next week, as a decision looks likely to be announced in January.

However, Trump has revealed he already has his eye on one particular candidate. 

“We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump said to journalists on Air Force One on Tuesday. 

Kevin Hassett is a frontrunner for Fed chair role

The upcoming round of interviews suggests that Hassett may not be the clear lock in for the role as previously thought, though he is seen as the favorite.

Earlier this month, prediction market odds on Kalshi and Polymarket shot up for Hassett significantly following comments from Trump at the White House on Dec. 2. 

While welcoming guests, Trump labeled Hassett as “potential Fed chair” leading many to assume the president had let a major hint slip.

Related: Trump’s national security strategy is silent on crypto, blockchain

With Hassett’s odds spiking to 85% after Trump’s comments last week, they have since declined to around 73% for Hassett, while Warsh’s odds sit at 13% on Kalshi at the time of writing, which has floated around this range over December. 

Odds for next Fed chair. Source: Kalshi

Regardless of who ends up taking over as chair, the move is bound to impact crypto markets under the new leadership.