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Ousted Reform MP Rupert Lowe has said Nigel Farage must “never be prime minister” after leaked messages came to light reigniting the party’s internal row.

Mr Lowe, now the independent MP for Great Yarmouth, launched his latest attack on Reform’s “rotten and deceitful” leadership after a private WhatsApp conversation between Mr Farage and a party activist was leaked to the BBC.

In the messages, Mr Farage is alleged to have called Mr Lowe “disgusting” and “contemptible” after he gave an interview to the Daily Mail that was critical of his leadership.

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He also allegedly claimed that Mr Lowe’s motivation for the interview was “damaging the party just before elections – disgusting”.

In a post on social media, Mr Lowe said the alleged leaked messages “prove that he [Mr Farage] kicked me out of the party and launched this malicious witch hunt because I dared to ask reasonable questions of Reform”.

“His visceral hatred of me is evident, particularly following the Daily Mail interview,” Mr Lowe continued.

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“Farage has admitted himself, in writing, that the motivation behind my removal was the Daily Mail interview, in
which I raised reasonable and constructive questions of Reform structure, policy and communication – following
months of pushing for change behind the scenes.

“That interview is why they designed and launched their horrific smear campaign against my name. It is evil behaviour.

“Nigel Farage must never be prime minister. All I have done is tell the truth, and I will continue to do so.”

The row erupted after Mr Lowe’s interview with the Daily Mail, in which Mr Lowe said it was “too early to know” if Mr Farage will become prime minister and warned Reform remains a “protest party led by the Messiah” under the Clacton MP.

He also claimed that he was “barely six months into being an MP” himself and “in the betting to be the next prime minister”.

Reform UK then announced that it had referred the Great Yarmouth MP to police and suspended him, alleging he made “verbal threats” against chairman Zia Yousaf.

The Met has launched an investigation into these claims, which Mr Lowe has vehemently denied.

Reform has also claimed it has received complaints from two female employees about serious bullying in Mr Lowe’s constituency office – which the MP has also strenuously denied, saying they do not relate to him and were made by staff who themselves faced disciplinary action.

On the allegations against the employees in his constituency office, Mr Lowe said he would “not be engaging” with the Reform “investigation”, arguing they were “blatantly vexatious complaints” made by former employees who themselves “admitted serious offences” and were subject to disciplinary processes.

“There is no credible evidence of any ‘bullying’ by anybody, because there was none,” he wrote in his social media post. “This has been weaponised in a desperate attempt to smear my name.”

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He added: “If am contacted by the independent parliamentary authorities, I will fully cooperate with them. I have heard nothing from any relevant parliamentary body, nor have my team”.

Last week Sky News reported that Mr Lowe is consulting lawyers about taking possible libel action against Reform UK, for making “untrue and false allegations” about him.

Mr Lowe, the former chair of Southampton Football Club, has not ruled out joining the Conservatives or another political party.

Mr Farage has said there is “no way back” for the suspended MP and has accused him of being “out to cause maximum damage” to Reform UK.

Sky News has approached Mr Farage for comment.

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Government claims car interventions will save £500 a year – but only if you hit a pothole

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Government claims car interventions will save £500 a year - but only if you hit a pothole

Hitting potholes is “all too common”, a minister has insisted amid scrutiny of the government’s claim that new road measures will save drivers £500 a year.

Lillian Greenwood told Sky News Breakfast with Anna Jones that people face “eyewatering” costs if a pothole causes more damage to their car than a puncture, with the average repair job setting them back by £460, according to the RAC.

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This, along with the continued freeze on fuel duty, will save drivers over £500 a year, the government has said, claiming its interventions are easing the cost-of-living crisis for drivers.

It was put to Ms Greenwood that the savings only apply if you hit a pothole in the first place.

Asked if she thinks it’s a common occurrence, she said: “Unfortunately, it’s all too common. And because we’ve had more than 10 years of the Conservatives under investing in our road network, that’s left it absolutely cratered with potholes.”

She said potholes are “probably the biggest issue” when she doorsteps constituents, adding: “They’re really angry about the state of their local roads.

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“Far too many people are hitting a pothole and finding they’re having to fork out to get their car fixed.”

Earlier this year, an annual industry report estimated that 17% of the local road network in England and Wales are in poor condition.

A pothole in the road.  Pic: iStock
Image:
Pic: iStock

It predicted that the one-time catch-up cost to clear the backlog of maintenance issues would cost £16.81bn and take 12 years to complete.

Chancellor Rachel Reeves’s autumn budget contained a £1.6bn investment to maintain roads and fix potholes, which it said was an increase of £500m on the 2024-25 budget.

Local authorities will get the first tranche of that money this month.

It comes ahead of the local elections in May, when support for drivers could become a dividing line.

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It was put to Ms Greenwood that while trumpeting its motorist-friendly credentials, Labour has also introduced a £1.7bn car tax raid and backed more 20mph low tariff neighbourhoods.

She said the government has left decisions on Low Traffic Neighbourhoods to local authorities and many people “want to see drivers going slower”.

The government’s announcement on savings today came alongside a pledge to remove 1,000 miles of roadworks over the Easter weekend in a bid to cut journey times.

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The works will be reinstated after Easter Monday.

However, bank holiday engineering works on the railway lines will not be halted, meaning there will be disruption for people who don’t have a car.

No trains are running from London Euston, affecting most of the Avanti West Coast line.

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China selling seized crypto to top up coffers as economy slows: Report

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China selling seized crypto to top up coffers as economy slows: Report

China selling seized crypto to top up coffers as economy slows: Report

Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges.

The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report.

Chinese local governments are using private companies to sell seized cryptocurrencies in offshore markets in exchange for cash to replenish public coffers, Reuters reported, citing transaction and court documents. 

The local governments reportedly held approximately 15,000 Bitcoin (BTC) worth $1.4 billion at the end of 2023, and the sales have been a significant source of income.

China holds an estimated 194,000 BTC worth approximately $16 billion and is the second largest nation Bitcoin holder behind the US, according to Bitbo. 

Zhongnan University of Economics and Law professor Chen Shi told Reuters that these sales are a “makeshift solution that, strictly speaking, is not fully in line with China’s current ban on crypto trading.”

China selling seized crypto to top up coffers as economy slows: Report

Countries and governments that hold BTC. Source: Bitbo

The issue has been exacerbated by a rise in crypto-related crime in China, ranging from online fraud to money laundering to illegal gambling. Additionally, the state sued more than 3,000 people involved in crypto-related money laundering in 2024. 

China crypto reserve floated as solution

Shenzhen-based lawyer Guo Zhihao opined that the central bank is better positioned to deal with seized digital assets and should either sell them overseas or build a crypto reserve.

Ru Haiyang, co-CEO at Hong Kong crypto exchange HashKey, echoed the suggestion saying that China may want to keep forfeited Bitcoin as a strategic reserve as US President Donald Trump is doing. 

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Creating a crypto sovereign fund in Hong Kong, where crypto trading is legal, has also been proposed.

This issue has gained attention amid rising US-China trade tensions and Trump’s plans to regulate stablecoins and foster growth and innovation in the crypto industry.

Several industry observers have suggested that China’s tariff response could result in a devaluation of the local currency, which may result in a flight to crypto

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3iQ’s Canadian Solana ETF selects Figment as staking provider

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3iQ’s Canadian Solana ETF selects Figment as staking provider

3iQ’s Canadian Solana ETF selects Figment as staking provider

Blockchain infrastructure provider Figment has been selected as the staking provider for 3iQ’s newly approved Solana exchange-traded fund (ETF), underscoring Canada’s continued efforts toward adoption of digital asset financial products.

Figment will enable institutional staking for the 3iQ Solana (SOL) Staking ETF, which launches on the Toronto Stock Exchange on April 16 under the ticker SOLQ, the companies said in a statement. In addition to 3iQ, Figment provides staking infrastructure solutions to more than 700 clients. 

The Ontario Securities Commission (OSC), a provincial regulator, green-lighted 3iQ’s SOL fund on April 14. The approval was also extended to other fund managers seeking to offer SOL ETFs, including Purpose, Evolve and CI.

As Bloomberg ETF analyst Eric Balchunas reported at the time, the funds are permitted to stake a portion of their SOL holdings through TD Bank, Canada’s second-largest financial institution by assets. 

3iQ’s Canadian Solana ETF selects Figment as staking provider

Source: Eric Balchunas

3iQ estimates that its SOL fund will provide yields of between 6% and 8%, according to its website

Related: Solana, XRP ETFs may attract billions in new investment — JPMorgan

3iQ leads Canadian crypto ETFs as US regulators drag their feet

As US regulators continue to consider various crypto-related fund offerings, Canada has been leading the curve in adoption going back to 2021. That was the year that 3iQ debuted its spot Bitcoin (BTC) ETF, which crossed $1 billion in net assets almost immediately. 

It would take nearly three more years before spot Bitcoin ETFs were approved in the United States. Like their Canadian counterparts, the US ETFs saw overwhelming success in their first year, generating more than $38 billion in net inflows.

In October 2023, 3iQ launched an ETF tied to Ether (ETH), giving investors direct access to the smart contract platform. Unlike the Ether ETFs that US regulators approved the following year, 3iQ’s fund offers staking rewards. 

As Cointelegraph recently reported, US regulators may be on the cusp of approving staking rewards after they authorized exchanges to list options contracts tied to ETH.

3iQ’s Canadian Solana ETF selects Figment as staking provider

Source: James Seyffart

Related: SEC delays staking decision for Grayscale ETH ETFs

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