A Tory MP has demanded to see safety reports for a barge that the government plans to use to house asylum seekers.
The Bibby Stockholm – which will accommodate 500 people waiting for decisions on their applications – departed from Cornwall today to head to its new dock at Portland Port in Dorset.
But Chris Loder, who represents West Dorset, claimed the figure was double the capacity the barge had been designed to hold.
Mr Loder has called on the home secretary to “stop” the vessel or provide the assessments that show it is “safe to cope with double the weight that it was designed to bear”.
The government has been seeking out new accommodation for asylum seekers, including those who cross the Channel in small boats, claiming the hotel bill to house them has hit £6m a day.
As well as the barge, it has taken over former military bases, and reports have even suggested large marquees could be used.
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But ministers have faced a backlash from local residents, councils and MPs if their areas have been chosen for the new sites.
Previously Richard Drax MP, a Conservative who represents South Dorset (including Portland), threatened the government with legal action over the barge.
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Mr Loder, who has also spoken out against the Bibby Stockholm coming to his county, has now put pen to paper, writing to Home Secretary Suella Braverman and transport minister Baroness Vere with his concerns over the safety of the barge.
Image: Dining facilities onboard the Bibby Stockholm
“For months, I have been asking for sight of the safety risk assessments that should have been done to allow the Bibby Stockholm to be used in Portland Harbour with 500 people on board whilst it was designed for 250,” he wrote.
“The Bibby Stockholm has now left Falmouth Dock. But visibility or assurances that adequate safety risk assessments have been completed have not been received.”
The MP also claimed that following a call with the Maritime and Coastguard Agency, it was “clear they have also not undertaken that work, which we would typically expect them to do for a flagged vessel on water – which is what the Bibby Stockholm is”.
Mr Loder added: “I am writing to you this evening to ask that you either stop the Bibby Stockholm or that you provide the necessary safety risk assessments that confirm this vessel is safe to cope with double the weight that it was designed to bear.”
Image: There are also bedrooms onboard.
The move of the three-storey vessel is already a month behind schedule, after Ms Braverman told MPs it would be in Portland within a fortnight on 5 June.
The 222-bedroom vessel contains “basic” accommodation, with healthcare provision, catering facilities and 24/7 security, at a reported cost of £20,000 a day, the Home Office said back in May.
Dorset Council has been given £2m in a funding package to meet the cost of providing services to residents.
In a statement in response to Mr Loder’s concerns, the Home Office said: “We can confirm that Bibby Stockholm is now on its way to Portland Port.
“Using vessels as alternative accommodation, like our European neighbours are already doing, will be better value for British taxpayers and more manageable for communities than costly hotels.
“We continue to work extremely closely with local councils and key partners to prepare for arrival of asylum seekers later this month and minimise disruption for local residents including through substantial financial support.”
The acting chair of the Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the US, is reportedly considering guidance for tokenized deposit insurance and plans to launch an application process for stablecoins by year’s end.
Acting FDIC Chair Travis Hill, who has made bullish statements about tokenization in the past, told the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday that the regulator will eventually release guidance around tokenized deposit insurance, according to reports.
The FDIC protects depositors in the event of a bank failure and insures money in accounts at banks that are insured by the regulator.
“My view for a long time has been that a deposit is a deposit. Moving a deposit from a traditional-finance world to a blockchain or distributed-ledger world shouldn’t change the legal nature of it,” Hill said, as reported by Bloomberg.
Excluding stablecoins, the total value of tokenized real-world assets surpassed $24 billion in the first half of the year, with private credit and US Treasurys making up the bulk of the market, according to a report by RedStone.
BlackRock, the world’s largest asset manager, is one of the most prominent players in the space and launched a tokenized money market fund called BUIDL in 2024.
Stablecoin application regime by the end of the year
At the same time, Hill reportedly announced the agency is also working on a regime for stablecoin issuance and expects to issue a proposal for an application process by the end of 2025 as part of its duties in crafting rules under the GENIUS Act, according to Law360.
He said it’s still too early to know how many institutions will be interested, but the FDIC staff is working on the standards around capital requirements, reserve requirements and risk management for FDIC-regulated stablecoin issuers.
Stablecoins have also been a high-growth area, with banks worldwide exploring this technology. The market capitalization of stablecoins is approximately $305 billion as of Friday, according to blockchain analytics platform DefiLlama.
Stablecoins have been a high-growth area this year, with a market capitalization of around $305 billion. Source: DefiLlama
Sir Keir Starmer and Rachel Reeves have scrapped plans to break their manifesto pledge and raise income tax rates in a massive U-turn less than two weeks from the budget.
I understand Downing Street has backed down amid fears about the backlash from disgruntled MPs and voters.
The Treasury and Number 10 declined to comment.
The decision is a massive about-turn. In a news conference last week, the chancellor appeared to pave the way for manifesto-breaking tax rises in the budget on 26 November.
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‘Aren’t you making a mockery of voters?’
The decision to backtrack was communicated to the Office for Budget Responsibility on Wednesday in a submission of “major measures”, according to the Financial Times.
The chancellor will now have to fill an estimated £30bn black hole with a series of narrower tax-raising measures and is also expected to freeze income tax thresholds for another two years beyond 2028, which should raise about £8bn.
Tory shadow business secretary Andrew Griffith said: “We’ve had the longest ever run-up to a budget, damaging the economy with uncertainty, and yet – with just days to go – it is clear there is chaos in No 10 and No 11.”
How did we get here?
For weeks, the government has been working up options to break the manifesto pledge not to raise income tax, national insurance or VAT on working people.
I was told only this week the option being worked up was to do a combination of tax rises and action on the two-child benefit cap in order for the prime minister to be able to argue that in breaking his manifesto pledges, he is trying his hardest to protect the poorest in society and those “working people” he has spoken of so endlessly.
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Ed Conway on the chancellor’s options
But days ago, officials and ministers were working on a proposal to lift the basic rate of income tax – perhaps by 2p – and then simultaneously cut national insurance contributions for those on the basic rate of income tax (those who earn up to £50,000 a year).
That way the chancellor can raise several billion in tax from those with the “broadest shoulders” – higher-rate taxpayers and pensioners or landlords, while also trying to protect “working people” earning salaries under £50,000 a year.
The chancellor was also going to take action on the two-child benefit cap in response to growing demand from the party to take action on child poverty. It is unclear whether those plans will now be shelved given the U-turn on income tax.
A rough week for the PM
The change of plan comes after the prime minister found himself engulfed in a leadership crisis after his allies warned rivals that he would fight any attempted post-budget coup.
It triggered a briefing war between Wes Streeting and anonymous Starmer allies attacking the health secretary as the chief traitor.
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Wes Streeting: Faithful or traitor? Beth Rigby’s take
But the saga has further damaged Sir Keir and increased concerns among MPs about his suitability to lead Labour into the next general election.
Insiders clearly concluded that the ill mood in the party, coupled with the recent hits to the PM’s political capital, makes manifesto-breaking tax rises simply too risky right now.
But it also adds to a sense of chaos, given the chancellor publicly pitch-rolled tax rises in last week’s news conference.
The home secretary is set to unveil sweeping reforms to tackle illegal immigration, as she considers potential changes to human rights law.
Shabana Mahmood will announce on Monday a series of measures to make it easier to remove and deport illegal migrants, and reduce the “pull factors” that make the UK attractive to asylum seekers.
The Home Office said they would be the “most sweeping reforms to tackle illegal migration in modern times”.
She is said to believe that “excessive generosity and ease of remaining” in the UK, along with systemic barriers, has made deportations extremely difficult, The Times reported.
It is understood that many of the changes set to be proposed by the home secretary will be modelled on the Danish system, under which 95% of failed asylum seekers are deported.
Denmark has tighter rules on family reunions, and restricts some refugees to a temporary stay.
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UK considers copying Denmark’s immigration system
Ms Mahmood is also mulling reforms to the European Convention on Human Rights and human rights law to “end the abuse of the system that leads to unjustified claims to delay or stop deportations”, a Home Office source said.
The overhaul of modern slavery laws will require migrants to make a claim that they have been a victim as soon as they arrive in the UK, rather than allowing them to raise it unexpectedly later on, which has resulted in delayed deportations, The Telegraph reported.
The number of offences qualifying foreign criminals for automatic removal is also set to be increased, the paper said.
And judges are expected to be required to prioritise public safety over claims from migrants that deporting them would breach their family rights or put them at risk of “inhuman” treatment if they were returned to their home country.
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Sky News witnesses people smuggling operation in Dunkirk
Deportations are up – but so are boat crossings
Ahead of next week’s announcements, the Home Office released new figures showing 48,560 people have been removed from the UK since Labour came to power.
The figure, which includes failed asylum seekers, foreign criminals and others with no right to be in the UK, is a 23% increase compared to the 16 months before last year’s election.
Ms Mahmood said: “We’ve ramped up enforcement, deported foreign criminals from our streets, and saved taxpayers millions.
However, small boat crossings continue to rise – 39,075 people have made the journey so far this year, according to Home Office figures.
That is an increase of 19% on the same point in 2024 and up 43% on 2023, but remains 5% lower than the equivalent point in 2022, which remains the peak year for crossings.