This week Sky News has been identifying the gaps in Britain’s border defences.
As the number of small boats crossing the Channel breaks new records and European countries brace for a new wave of people fleeing Afghanistan, the issue is rising up the public consciousness once more.
Ministers are meant to be able now to deliver on their promise to take back control post Brexit. So why does it not yet feel like that to some?
The government response to this issue is being led by Home Secretary Priti Patel. Nobody would doubt her right-wing credentials, and interestingly she has had plaudits from across the political spectrum for her handling of the migration aspects of the Afghanistan crisis.
Image: Home Secretary Priti Patel talking to a refugee from Afghanistan who arrived on a evacuation flight at Heathrow Pic: AP
Her answer to the questions around Britain’s borders is the Nationality and Borders Bill currently in committee stage in the House of Commons. But does it answer the problems, many of which are caused beyond Britain’s borders?
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Italian island is migrant gateway to EU
Tom Tugendhat, Tory chair of the foreign affairs select committee told Sky News the answer is to send more Royal Navy vessels to help in the Med.
More on Asylum
“Our great strength we have with NATO allies around is that our border doesn’t start at Dover, it starts at the southern tip of Italy and Greece – working together and making sure these borders are defended and reinforced is exactly what we should be doing… but need to do more.
“Not about being kind to Italians. Its about defending ourselves further out.”
The Nationality and Borders Bill tightens the penalties for people smugglers in an attempt to tackle the problem.
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Tracking migrants with French Border Police
Another issue comes when migrants who have made it to the EU then try and cross the Channel to Britain. Sky News’ Michelle Clifford found that while French authorities would stop anyone still on land who looked like they would be attempting to cross the Channel, they would not stop boats once they were in the water, even when it was under French control.
They blame international law, thought many in Britain including MPs on the home affairs select committee claim the French are wrongly interpreting this.
Tim Loughton, Tory member of the home affairs select committee, said the French interpretation was “completely wrong”.
He added “We have evidence from maritime international lawyers – they made it clear that French authorities have power to intercept and repatriate passengers on boats, but actually have an obligation under international law – people on boats guilty of trying to enter UK illegally and paying organised crime to facilitate that journey, that would give grounds to French authorities to apprehend people, that is only what is going to stop that horrendous trade – people paying money to people smugglers, highly likely with them being taking back…that could stop that miserable trade stone dead.”
Asked why the British government hasn’t succeeded in convincing French they’re wrong, he said: “It’s all excuses, we made it clear – French claiming it’s a different interpretation, that’s wrong – also internal politics going on, a big row with those who run Calais and the federal government. They’re each trying to make it each other’s problem.”
The Nationality and Borders Bill will mark a serious attempt to block illegal immigration, alongside the new post Brexit points based entry system.
It will make it easier to return some illegal asylum seekers more quickly, make some asylum seekers apply before they reach UK shores and give border officials powers to turn back boats in UK waters.
But this does not – and cannot – stop Britain being an attractive country for economic migrants and asylum seekers.
Alp Mehmet, Chairman of Migration Watch said that Britain would remain a country many aspire to live in so more had to be done to turn back illegal arrivals.
“Britain is an attractive country, so is France, US – most people wanted to got to the US first, we are part of wider picture of prosperous civilised fun countries.
“A lot of those coming are young man who want a better life – we are part of the story, in a way we have create the opportunity for a lot of Afghans to want to come here.”
But he added that once here, many were treated generously with little chance of being sent back.
“One of the principle reasons why the traffickers are able to sell Britain as the destination of choice is that having arrived here there’s very little chance of being sent back – very few people who apply for asylum and fail actually are sent back.
“That is a huge factor, while they’re here, we look after – hotels, detention centres that have been used – even these are not bad accommodations, there is a bit of money given for people to spend.
“Once you’re in the system you’re looked after – people see messages coming across, it is all made to be very attractive.”
Sam reveals there might be some Traitors-style plotting going on behind the scenes in government – but from who? And how might Sir Keir Starmer see off this challenge?
Budget speculation continues, and specifically – who is and is not a “working person”? And, should it occur, what would the consequences be of breaking a manifesto commitment? How perilous a moment for Starmer could this be?
And after the BBC’s director general and CEO of news resign, what does Starmer now say about the organisation? And who will come next in the top BBC job?
A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.
The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.
If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.
The total current market cap of all stablecoins sits at $310.7 million according to CoinGecko data, and Miran suggested that Fed research found the market could grow to up to $3 trillion in value in the next five years.
Stephen Miran speaking at a conference in New York on Friday. Source: BCVC
“My thesis is that stablecoins are already increasing demand for US Treasury bills and other dollar-denominated liquid assets by purchasers outside the United States and that this demand will continue growing,” Miran said.
“Stablecoins may become a multitrillion-dollar elephant in the room for central bankers.”
Organizations, including the International Monetary Fund, have warned that stablecoins pose a threat to traditional financial assets and services, as they could potentially compete for customers. US banking groups have also urged Congress to tighten oversight of stablecoins with yield, arguing they could attract would-be bank users.
During his speech, Miran praised the GENIUS Act for setting out clear guidelines and consumer protections, as he indicated that the regulatory framework will play a key role in spurring broader adoption of stablecoins.
“While I tend to view new regulations skeptically, I’m greatly encouraged by the GENIUS Act. This regulatory apparatus for stablecoins establishes a level of legitimacy and accountability congruent with holding traditional dollar assets,” he said, adding:
“For the purposes of monetary policy, the most important aspect of the GENIUS Act is that it requires U.S.-domiciled issuers to maintain reserves backed on at least a one-to-one basis in safe and liquid US dollar–denominated assets.”
The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports.
Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the matter.
It was Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for a House-approved bill, putting the record 40-day government shutdown within reach of being lifted.
An official vote is still needed to finalize the agreement.
Ongoing uncertainty over when the US government would reopen has been a key factor holding back Bitcoin (BTC) and the broader crypto market from mounting a rebound.
Bitcoin initially rallied to a new high of $126,080 six days into the government shutdown on Oct. 6, but has since fallen over 17% to $104,370, CoinGecko data shows.
Bitcoin’s fall over the past month saw it drop by double-digit percentage points on Oct. 10 after US President Donald Trump’s announcement of 100% tariffs on China sent shockwaves throughout the markets.
Bitcoin’s change in price since Oct. 1. Source: CoinGecko
Bitcoin rallied 266% after last government shutdown lifted
The last US government shutdown occurred between late December 2018 and late January the following year in Trump’s first term.
After it ended on Jan. 25, 2019, Bitcoin rose over 265% from $3,550 to $13,000 over the next five months.
Prediction markets back shutdown to end this week
Bettors on prediction market Polymarket are backing that the government shutdown will be lifted on Thursday, with the market showing a 54% chance it will happen between Tuesday and Friday.