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The government is telling local councils they must publish data on how many potholes they have fixed or risk losing their share of an extra £500m set aside for fixing roads.

From the middle of next month, local authorities across England will start to receive their allocation of the £1.6bn for fixing roads across the country.

But in order to get the full amount, all councils must publish annual reports on how many potholes they’ve filled – or see a quarter of the additional £500m in funding the government has allocated this year withheld.

By 30 June, all councils must publish reports detailing how much they are spending, how many potholes they have filled, what percentage of their roads are in what condition, and how they are minimising disruption.

Meanwhile, the transport secretary is unveiling a funding package of £4.8bn for 2025-6 for National Highways to deliver critical road schemes and maintain motorways and major A-roads.

This new money will mean “pivotal” road construction schemes can be pushed forward, the government said.

This is a key part of Downing Street’s drive to ensure the voting public sees and feels the difference the government is making in their local communities as they fight off a challenge from Reform UK.

Traffic on the M25 motorway near junction 10 for the A3. Weather warnings remain in force across much of the UK on Monday with adverse conditions, including flooding from heavy rain and thawing snow. Picture date: Monday January 6, 2025. Ben Whitley/PA Wire
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The transport secretary has promised £4.8bn for National Highways to deliver improvements and maintenance. Pic: PA

Prime Minister Sir Keir Starmer said: “The broken roads we inherited are not only risking lives but also cost working families, drivers and businesses hundreds – if not thousands of pounds – in avoidable vehicle repairs.

“British people are bored of seeing their politicians aimlessly pointing at potholes with no real plan to fix them. That ends with us.

“We’ve done our part by handing councils the cash and certainty they need – now it’s up to them to get on with the job, put that money to use and prove they’re delivering for their communities.”

Transport Secretary Heidi Alexander said: “After years of neglect we’re tackling the pothole plague, building vital roads and ensuring every penny is delivering results for the taxpayer.”

Responding to the announcement, the transport spokesperson for the Local Government Association said the cash will “help start to address the previously ever-growing backlog of local road repairs” which, he added, “could take more than a decade to fix”.

Councillor Adam Hug also called for the government to “play its full part” by using its Spending Review “to ensure that councils receive sufficient, long-term funding certainty, so they can focus their efforts on much more cost-effective, preventative measures”.

The Conservatives have responded by claiming Labour “want credit for handing councils a pothole sticking plaster”.

Gareth Bacon, shadow transport secretary, continued: “Labour are running on empty. They’ve got no plan for motorists, no grip on the problem, and no credibility.

“Voters shouldn’t be fooled – Labour aren’t fixing the roads, they’re steering Britain into a ditch.”

Spending on roads and cuts in Whitehall

The spending on roads across England comes as the chancellor is preparing to make billions of pounds of spending cuts at the spring statement on Wednesday.

A turbulent economic climate since October means the £9.9bn gap in her fiscal headroom (the amount she could increase spending or cut taxes without breaking her fiscal rules) has been wiped out.

The government has confirmed it will force the civil service to slash £2bn a year from its budget by cutting administration costs by the end of the decade.

Rachel Reeves told Sky’s Sunday Morning With Trevor Phillips she is “confident” they can cut 10,000 jobs from “back office” roles to ensure resources can be spent on front-line services.

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Chancellor says 10,000 civil service roles could be axed

A total of £5bn is expected to be saved by making it more difficult to qualify for Pip, and also abolishing the work capability assessment in 2028, which determines whether someone on universal credit is fit to work.

Quangos are also on the chopping block, with the prime minister having already announced NHS England is being abolished to both bring the health service back under more direct ministerial control, and also save money.

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Money is being redirected towards defence, with the chancellor expected to announce £400m in spending on the government’s new UK Defence Investment body to “harness UK ingenuity and boost military technology”, The Mirror reports.

And the full details of how international aid funding will be reallocated to defence are expected, after the prime minister said UK defence spending will rise to 2.5% of GDP by 2027.

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How will the UK scale up defence?

Speaking to Trevor Phillips, the chancellor said “the world has changed” as she laid the groundwork for the spring statement.

“We’ll respond to the change and continue to meet our fiscal rule,” she said. “But we’re also shaping the new world, whether that’s in the defence and security realm, or indeed on the economy.

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What could be in the spring statement?

The chancellor highlighted that “interest rates have been cut three times since the general election”, adding: “That’s a far cry from the 11% inflation and the interest rate hikes that we saw under the previous government.”

But shadow chancellor Mel Stride said the government has not “gripped the economy”, accusing ministers of having talked it down and having a negative impact on growth.

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Gig economy bosses could face jail time if they fail to check employers can legally work in UK

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Gig economy bosses could face jail time if they fail to check employers can legally work in UK

Company bosses hiring in the gig economy could face up to five years in prison if they fail to check if their employees can legally work in the UK, the Home Office has said.

The employers could also be banned from operating as company directors, have their business closed down, or be hit with fines of up to £60,000 for every worker who isn’t checked as part of the government crackdown.

The announcement comes as Home Secretary Yvette Cooper prepares to speak to Sky News breakfast show Sunday Morning with Trevor Phillips today.

Her department has said “thousands” of companies which hire gig economy and zero-hour contract workers are not legally required to check whether they have the right to work in the UK.

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The gig economy refers to an employment arrangement where work is assigned on a short-term or job-by-job basis in sectors such as construction, food delivery, beauty salons and courier services.

Food delivery firms Deliveroo, Just Eat and Uber Eats all use this approach to employment.

More on Home Office

However, all three of those employers already voluntarily carry out checks to ensure their delivery riders are eligible to work in the UK.

The Home Office has now announced that all employers who hire gig economy or zero-hour contract workers will have to carry out these “vital checks” which take “just minutes to complete”.

This amendment to the Border Security, Asylum and Immigration Bill will help “level the playing field for the majority of honest companies who do the right thing”, the government department added.

The Home Office said it will provide the checks free of charge and that “clamping down” on illegal working forms a “critical part of the government’s plan to strengthen the entire immigration system”.

The move is also intended to “undermine people smugglers using the false promise of jobs for migrants”, it added.

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Watch Yvette Cooper on Sky News’ Sunday Morning with Trevor Phillips show from 8.30am

Ms Cooper said: “Turning a blind eye to illegal working plays into the hands of callous people smugglers trying to sell spaces on flimsy, overcrowded boats with the promise of work and a life in the UK.

“These exploitative practices are often an attempt to undercut competitors who are doing the right thing. But we are clear that the rules need to be respected and enforced.”

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Meanwhile the government is preparing to host the first international summit in the UK on how to tackle people-smuggling gangs.

Ministers and enforcement staff from 40 countries will meet in London on Monday and Tuesday to discuss international cooperation, supply routes, criminal finances and online adverts for dangerous journeys.

Countries including Albania, Vietnam and Iraq – where migrants have travelled from to the UK – will join the talks as well as France, the US and China.

The government will also hand counter-terror style powers to police and enforcement agencies to crack down on people-smuggling gangs as part of amendments to the bill.

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Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

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Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Institutional adoption of Bitcoin in the European Union remains sluggish, even as the United States moves forward with landmark cryptocurrency regulations that seek to establish BTC as a national reserve asset.

More than three weeks after President Donald Trump’s March 7 executive order outlined plans to use cryptocurrency seized in criminal cases to create a federal Bitcoin (BTC) reserve, European companies have largely remained silent on the issue.

The stagnation may stem from Europe’s complex regulatory regime, according to Elisenda Fabrega, general counsel at Brickken, a European real-world asset (RWA) tokenization platform.

“European corporate adoption remains limited,” Fabrega told Cointelegraph, adding:

“This hesitation reflects a deeper structural divide, rooted in regulation, institutional signaling and market maturity. Europe has yet to take a definitive stance on Bitcoin as a reserve asset.”

Bitcoin’s economic model favors early adopters, which may pressure more investment firms to consider gaining exposure to BTC. The asset has outperformed most major global assets since Trump’s election despite a recent correction.

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Asset performance since Trump’s election victory. Source: Thomas Fahrer

Despite Trump’s executive order, only a small number of European companies have publicly disclosed Bitcoin holdings or crypto services. These include French banking giant BNP Paribas, Swiss firm 21Shares AG, VanEck Europe, Malta-based Jacobi Asset Management and Austrian fintech firm Bitpanda.

A recent Bitpanda survey suggests that European financial institutions may be underestimating crypto investor demand by as much as 30%.

Related: Friday’s US inflation report may catalyze a Bitcoin April rally

Europe’s “fragmented” regulatory landscape lacks clarity

The EU’s slower adoption appears tied to its patchwork of regulations and more conservative investment mandates, analysts at Bitfinex told Cointelegraph. “Europe’s institutional landscape is more fragmented, with regulatory hurdles and conservative investment mandates limiting Bitcoin allocations.”

“Additionally, European pension funds and large asset managers have been slower to adopt Bitcoin exposure due to unclear guidelines and risk aversion,” they added.

Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

Beyond the fragmented regulations, European retail investor appetite and retail participation are generally lower than in the US, according to Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

Europe is “generally more conservative in adopting new financial instruments,” the analyst told Cointelegraph, adding:

“This stands in stark contrast to the deep, liquid, and relatively unified US capital market, where the spot Bitcoin ETF rollout was buoyed by strong retail demand and a clear regulatory green light.”

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

iShares Bitcoin ETP listings. Source: BlackRock

BlackRock, the world’s largest asset manager, launched a Bitcoin exchange-traded product (ETP) in Europe on March 25, a development that may boost institutional confidence among European investors.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

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NAYG lawsuit against Galaxy was ‘lawfare, pure and simple’ — Scaramucci

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<div>NAYG lawsuit against Galaxy was ‘lawfare, pure and simple' — Scaramucci</div>

<div>NAYG lawsuit against Galaxy was ‘lawfare, pure and simple' — Scaramucci</div>

The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci.

“It’s LAWFARE, pure and simple due to an obscure but dangerously powerful New York law known as the Martin Act,” Scaramucci said in a March 28 X post.

Martin Law can “open the door for abuse”

“The law has no need to prove intent, creating a low standard of proof that can open the door for abuse like this. It shouldn’t exist,” he said.

New York’s Martin Act is one of the US’s strictest anti-fraud and securities laws, allowing prosecutors the power to pursue financial fraud cases without needing to prove intent. The NAYG alleged that Galaxy Digital violated the Martin Act over its alleged promotion of Terra, with Galaxy Digital agreeing to a $200 million settlement.

According to NAYG documents filed on March 24, Galaxy Digital acquired 18.5 million LUNA tokens at a 30% discount in October 2020, then promoted them before selling them without abiding by disclosure rules. 

Scaramucci reiterated that Galaxy CEO Michael Novogratz was under the impression everything he was saying about Luna was true, as he had been deceived by Terraform Labs and its former CEO, Do Kwon.

Law, New York, United States, Terra

Source: Amanda Fischer

Meanwhile, MoonPay president of enterprise, Keith Grossman, said he had never heard of the Martin Act and had to look it up using AI chatbot ChatGPT.

“It is so broad and essentially is the essence of lawfare,” Grossman said. “Sorry you got caught in the crosshairs of it, Mike,” he added.

Related: Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’

The filing alleged that Galaxy helped a “little-known” token, referring to LUNA, increase its market price from $0.31 in October 2020 to $119.18 in April 2022 while “profiting in the hundreds of millions of dollars.”

Asset manager and investor Anthony Pompliano said he isn’t familiar with the details of the lawsuit but vouched for Novogratz, calling him a “good man” who has devoted a lot of time and money to helping others.

The Terra collapse is one of the crypto industry’s most infamous failures. In March 2024, SEC attorney Devon Staren said in the US District Court for the Southern District of New York that Terra was a “house of cards” that collapsed for investors in 2022.

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