He refused to give us a number of how many people he wanted to send to Rwanda but doubled down on his promises.
When I asked him whether passing his Safety of Rwanda bill was a moment of success, he immediately replied that “success is when the boats have been stopped, that is what the country expects”.
It seems a near-impossible task.
Boat crossings this year have risen 25% against 2023, with 6,265 people, and there is obvious scepticism as to whether flights to Rwanda would really deter asylum seekers from making the crossing.
There is also plenty of scepticism that the government won’t be hamstrung by legal challenges again.
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PM adamant Rwanda flights will happen
But Mr Sunak said he was “confident” the plan complied with all international obligations, hinting he would be prepared to ignore the European Court of Human Rights if necessary.
“If it ever comes to a choice between our national security – securing our borders – and membership of a foreign court, I’m of course always going to prioritise our national security,” the prime minister said.
There are still plenty of legal and political risks, but Mr Sunak was crystal clear: the flights will continue as long as the boats keep coming and he will deliver on this pledge to make the Rwanda scheme fully operational.
“The PM is on the front foot on this,” said one senior government figure. “He’s all over it and determined to deliver the policy”.
Image: A group of migrants arriving in Dover on 26 March. Pic: PA
To that end, commercial flights have been organised, an airfield put on standby and 500 officials trained to escort migrants to Rwanda.
Around 2,200 detention spaces have been reserved for those the government plans to remove and 25 courtrooms reserved to deal with legal challenges to get the flights away in 10 to 12 weeks.
‘Doomed to fail’
But after all the false starts, will it really happen?
There are those on his own benches – Suella Braverman, Robert Jenrick and a couple of dozen of others – who voted against this bill and simply think it won’t work.
Lord Carlisle, the lawyer and crossbench peer, told me the prime minister “is doomed to fail”.
“The boats have not been stopped,” he said. “The number of people arriving on boats has increased, despite blanket publicity for this policy the government is trying to push through.
“The way you stop the boats is dealing with the criminal gangs and by the government increasing the administrators that will look at which asylum seekers and refugees are dealt with. It’s not rocket science.
“What they are doing at the moment is near to the realms of fantasy.”
But for the prime minister, still so far behind in the polls, what has he got to lose?
He’s staked his reputation on this policy and has no other option to try to make it a success. Tackling small boats will be the pledge he’s judged on when the general election comes.
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Talk of flights through the summer into autumn, as well as a mooted fiscal event later in the year, point to an election in the autumn (with two senior figures telling me in recent days December is now being talked up too).
But none of this comes in time for the more imminent ballot box test of next week’s local elections, which could not only put him back on his heels, but into freefall once more.
He clearly has the plan, whether he will have the political space to implement it is another matter
Senate Banking Committee Chair Tim Scott says he’s looking to mark up a crypto market structure bill next month to have it on President Donald Trump’s desk by early next year.
Scott told Fox Business on Tuesday that the committee has been negotiating with Democrats to reach a deal, but accused the party’s senators of stalling.
“Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said.
Banking Committee Chairman Tim Scott says a vote on the market structure bill could occur in December. Source: YouTube
The House passed the CLARITY Act in July, which outlines the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto, and the Senate has been working on its own version of the bill.
Republicans on the Senate Banking Committee released a discussion draft on their section of the bill in July and suggested it would marry up with the CLARITY Act, and the Senate Agriculture Committee released its discussion draft on Nov. 10, which left much of the bill up for change.
The Agriculture Committee has jurisdiction over the CFTC, while the Banking Committee oversees the SEC and is leading parts of the bill relating to securities laws.
Bill will create clear rules and unlock crypto: Armstrong
Coinbase CEO Brian Armstrong said in a video posted to X on Tuesday that he was in Washington, DC, “pushing for market structure legislation,” and noted there had been “a lot of progress.”
“Senate banking is also working nights and weekends to get the next iteration of their text out, so we’ve got a good chance, I think, of a markup for this bill in December, hopefully get it to the president’s desk shortly thereafter,” Armstrong said.
“This would be a big milestone to get crypto unlocked with clear rules in the US, which would benefit all companies,” he added.
Where the bill will go from here
The CLARITY Act was one of three major crypto bills the House passed in July after a 10-hour voting session alongside the GENIUS Act, which aims to regulate stablecoins and the Anti-CBDC Surveillance Act, which outlaws central bank digital currencies.
As the Senate is working on its own version, the CLARITY Act will return to the House for final approval if it’s passed by the Senate. It would then be sent to Trump to be signed into law.
Republicans hold the majority in the Senate with 53 seats, compared to the Democrats’ 47 seats, with legislation effectively requiring 60 votes to pass.
The Republic of the Marshall Islands announced that it would allow citizens to access funds through a government-issued digital asset as part of the nation’s Universal Basic Income (UBI) program.
In a Wednesday announcement shared with Cointelegraph, the government of the island nation said it had launched a digital wallet called Lomalo, which will utilize the US dollar-pegged stablecoin USDM1 to enable citizens to access the UBI program. According to the government, the first disbursement of funds will occur in late November, allowing citizens to access them through their wallet, by physical check, or via direct deposit.
“By introducing a secure digital option alongside our traditional methods, we are strengthening our financial systems and ensuring that no community is left behind,” said David Paul, finance minister for the Marshall Islands.
Neighboring Pacific island nations have rolled out similar programs over the years, including Palau’s stablecoin on the XRP Ledger for government employees, and the central bank of the Solomon Islands’ Bokolo Cash for peer-to-peer transactions and retail payments in the nation’s capital, Honiara.
“Citizens will be able to transfer to other registered Lomalo users,” a spokesperson for the Marshall Islands’ finance minister told Cointelegraph. “Right now, only citizens registered for the UBI can set up a wallet.”
Warnings from the IMF on the Marshall Islands utilizing digital assets
The launch of the digital wallet as part of the islands’ UBI program followed warnings from the International Monetary Fund (IMF). In 2023, the group urged the government of the Marshall Islands to reconsider its central bank digital currency program, then known as SOV.
“Progress on rolling back past digital initiatives is welcome,” said the IMF in a Sept. 10 notice. “Current plans to issue a ‘digital sovereign bond’ carry significant risks relative to perceived returns, which cannot be effectively mitigated given lack of pre-requisite capacity. Thus, in the mission’s view, the authorities should not proceed with the global launch as planned.”
The IMF said that the expansion of Decentralized Autonomous Organizations (DAOs), which the Marshall Islands began recognizing as legal entities in 2022, and the launch of the UBI program using the “untested” USDM1 could have “adverse macro-fiscal and financial integrity implications.” The fund urged the government to scale back the UBI program to a “more targeted scheme to those who need it the most.”
Kemi Badenoch has said she does not want to scrap the triple lock “now” but said “lets see mess Labour leaves for us”.
The Tory leader told Sky News that the triple lock was a Conservative idea and that it was right to protect people who had contributed to the welfare system.
The triple lock means the state pension must rise by whichever is highest of either average earnings, inflation or 2.5%.
However, she said she would not say she would “never” reform it or explicitly rule it out for the next parliament.
In April, the government stated that 55% of social security expenditure in 2025-26 would be spent on pensioners.
The Office for Budget Responsibility says the triple lock has pushed up the spending on the state pension by £12bn a year, compared to if it had been uprated in line with average earnings.
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The problem with the triple lock, Ms Badenoch suggested, was low growth – with 0.1% in the UK.
She suggested it was also the reason why Argentinian President Javier Milei – whom she has praised as “fantastic” and “fearless” – could block pensioner entitlement rises is because they are growing at 6%.
“If we were growing a 2% to 3%, you wouldn’t have a problem with pensions,” she explained.
“Argentina is growing at 6%. What we’re seeing right now is growth at 0.1%. Growth is flatlining. We need to start with getting growth.”
But asked whether the Tories would “never” look at reforming the policy, she said: “That moment is not now. And I don’t want people to be confused about what our policy is right now. Our policy is to keep the triple lock. Let us focus on welfare, that is the picture of what we mean by right now.”
Asked how long that would be her position for, Ms Badenoch replied: “Well, let’s see what this budget leaves. Let’s see what mess Reeves leaves for us.”
The triple lock is the cause of much debate, given the economic climate, with Reform UK leader Nigel Farage also saying its future depended on the state of the economy.
Asked by political correspondent Tamara Cohen whether a potential Reform government would keep the triple lock, Mr Farage said the matter was one of “open debate” and that keeping the triple lock would depend “on the state of the economy”.
Pressed on when he would make a decision because pensioners were becoming concerned, he said: “Not now. Nearer the election.”
He added: “Right now they’re getting above inflation increases.
“That doesn’t mean they’re wealthy. The real worry for many pensioners will be even with modest pensions, this budget could drag them all into the tax system. That’ll worry them even more.”