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The UK will rejoin the European Union’s flagship Horizon science programme after two years of absence post-Brexit, the government has confirmed.

Number 10 said the move would happen “through a bespoke new agreement with the EU”.

A spokesperson added Prime Minister Rishi Sunak secured “improved financial terms of association that are right for the UK and protect the taxpayer”.

Read more: PM heads to India for G20 summit – politics latest

Mr Sunak said: “We have worked with our EU partners to make sure that this is right deal for the UK, unlocking unparalleled research opportunities, and also the right deal for British taxpayers.”

Scientists called the announcement “tremendous news”.

Horizon is a collaboration involving Europe’s leading research institutes and technology companies which sees EU member states contribute funds that are then allocated to individuals or organisations on merit.

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The UK was negotiating a deal to remain in the €95.5bn programme, but talks stalled over Brexit-related disagreements such as Northern Ireland.

In the two years since the UK was removed, Downing Street has stepped in to match EU grant money lost.

However, scientists warned that UK researchers have been missing out on collaboration with colleagues in Europe.

Professor Paul Stewart, from the Academy of Medical Sciences said the return “marks a pivotal moment for UK science”.

“After a hiatus, the scientific community is celebrating the tremendous news that we are once more part of the EU’s flagship funding programme,” he said.

“Health research is an international endeavour, it relies on supporting the best ideas, but also on creating cross-border networks which is good news for the UK, Europe and the rest of the world.

“Association sends a very strong message that the UK is open for business and remains a prime destination to work on health research and innovation to improve lives.”

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Donelan: Horizon ‘great deal for taxpayers’

Read more:
Scientists ‘concerned’ at PM’s silence over rejoining EU’s €95.5bn Horizon programme
UK at risk of ‘brain drain’ as scientists leave Britain

The government said UK researchers can apply for grants and bid to take part in projects under the Horizon programme from today.

As well as Horizon the UK will join the EU’s space programme, Copernicus, but it will not take part in the bloc’s nuclear technology scheme, Euratom.

Deal ‘not mission creep back into EU’

The breakthrough comes after months of talks between London and Brussels.

It had been hoped that a British return to Horizon would follow in the wake of the Windsor Framework deal, agreed in February and designed to address concerns over post-Brexit arrangements in Northern Ireland.

Whitehall sources said in July a draft deal was with the prime minister – but Downing Street said a UK-based alternative known as Pioneer also remained an option because Mr Sunak was concerned about “value for money”.

Michelle Donelan, the secretary of state for science, denied the move was “mission creep back into the EU”.

She told Sky News: “This is fantastic news, not just for British scientists and researchers but also the British taxpayer.

“What we’re announcing today is a great deal, a deal that many said we won’t be able to get.”

Under the terms of the deal, the UK will not need to pay into the scheme for the two years it was absent with costs under the programme beginning again in January 2024.

The government also pointed to the inclusion of a so-called “clawback” mechanism, which will mean that the UK will be compensated if British scientists receive significantly less money than the UK puts into the programme.

Ms Donelan said the deal also includes an overperformance indicator, which means the UK won’t be penalised for overperforming “so we can really back our British scientists to achieve”.

Newly-appointed shadow science secretary Peter Kyle told broadcasters that ministers now need to “get on with it”.

“What we’re missing out on is two years’ worth of innovation,” the Labour MP said.

“Two years of global companies looking around the world for where to base their research centres and choosing other countries than Britain, because we are not part of Horizon… This is two years of wasted opportunity for us as a country.”

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Nigel Farage says he would allow essential migration but numbers would be capped

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Nigel Farage says he would allow essential migration but numbers would be capped

Nigel Farage has told Sky News he would allow some essential migration in areas with skill shortages but that numbers would be capped.

The Reform UK leader said he would announce the cap “in four years’ time” after he was pressed repeatedly by Sky’s deputy political editor Sam Coates about his manifesto pledge to freeze “non-essential” immigration.

Politics latest: PM accused of ‘shameful’ language in migration crackdown

It was put to Mr Farage that despite his criticism of the government’s migration crackdown, allowing essential migration in his own plans is quite a big caveat given the UK’s skills shortages.

However the Clacton MP said he would allow people to plug the gaps on “time dependent work permits” rather than on longer-term visas.

He said: “Let’s take engineering, for argument’s sake. We don’t train enough engineers, we just don’t. It’s crazy.

“We’ve been pushing young people to doing social sciences degrees or whatever it is.

“So you’re an engineering company, you need somebody to come in on skills. If they come in, on a time dependent work permit, if all the right health assurances and levies have been paid and if at the end of that period of time, you leave or you’re forced to leave, then it works.”

Read more:
What are Starmer’s new immigration rules?
The choice facing Labour in face of Reform threat – analysis

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‘We need to reduce immigration’

Reform’s manifesto, which they call a “contract”, says that “essential skills, mainly around healthcare, must be the only exception” to migration.

Pressed on how wide his exemption would be, Mr Farage said he hopes enough nurses and doctors will be trained “not to need anybody from overseas within the space of a few years”.

He said that work permits should be separate to immigration, adding: “If you get a job for an American TV station and you stay 48 hours longer than your work permit, they will smash your front door down, put you in handcuffs and deport you.

“We allow all of these routes, whether it’s coming into work, whether it’s coming as a student, we have allowed all of these to become routes for long-term migration.”

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Sky’s Sam Coates questions PM on migration

Asked if he would put a cap on his essential skills exemption, he said: “We will. I can’t tell you the numbers right now, I don’t have all the figures. What I can tell you is anyone that comes in will not be allowed to stay long-term. That’s the difference.”

Pressed if that was a commitment to a cap under a Reform UK government, he suggested he would set out further detail ahead of the next election, telling Coates: “Ask me in four years’ time, all right?”

Mr Farage was speaking after the government published an immigration white paper which pledged to ban overseas care workers as part of a package of measures to bring down net migration.

The former Brexit Party leader claimed the proposals were a “knee jerk reaction” to his party’s success at the local elections and accused the prime minister of not having the vigour to “follow them through”.

However he said he supports the “principle” of banning foreign care workers and conceded he might back some of the measures if they are put to a vote in parliament.

He said: “If it was stuff that did actually bind the government, there might be amendments on this that you would support. But I’m not convinced.”

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Will Bitcoin hodlers be the reason more countries adopt wealth taxes?

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Will Bitcoin hodlers be the reason more countries adopt wealth taxes?

Will Bitcoin hodlers be the reason more countries adopt wealth taxes?

Opinion by: Robin Singh, CEO of Koinly

Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013? 

Perhaps — if governments keep waking up to Bitcoin’s value, the whole “you only pay tax when you sell” mantra could soon be a thing of the past.

What if a wealth tax is the answer for revenue-hungry tax agencies with no time to lose? It’s a yearly tax on a person’s total net worth — cash, investments, property and other assets — minus any debts, applied whether or not those assets are sold or generating income. The idea is to boost public revenue and curb inequality, mainly by taxing the ultra-rich. A wealth tax takes a clip off what you own, not what you earn.

Countries such as Belgium, Norway and Switzerland have had wealth taxes baked into their tax systems for ages, yet some of the world’s biggest economies — like the US, Australia and France — have largely steered clear. 

That might be changing. More governments are eyeing wealth taxes for crypto. In December 2024, French Senator Sylvie Vermeillet took it a step further, suggesting Bitcoin (BTC) be labeled “unproductive,” which would mean taxing its gains every year — whether or not it’s ever sold. 

Yep, every asset holder’s favorite word is unrealized capital gains tax. It would be naive to assume other countries are not thinking about the same idea. 

With Bitcoin’s significant gains and industry executives such as ARK Invest’s Cathie Wood eyeing a $1.5-million price tag by 2030, I’d bet a magic 8-ball would say, “Signs point to yes.”

The growing global interest in wealth tax

It might seem far-fetched, but it is hard to ignore the gains. The average long-term Bitcoin holder is already sitting on significant profits.

The incentive is obvious. Switzerland’s wealth tax goes up to 1% of a portfolio’s value, and governments know there is plenty to collect.

Countries catch on — sooner or later. Consider how capital gains tax became the norm.

The US introduced capital gains tax in 1913, the UK jumped on board 52 years later in 1965, and Australia followed in 1985. 

Governments likely considering the wealth tax

Governments are likely entertaining the idea — whether they admit it or not. If any country seriously considers it, Germany could be a prime candidate, even though it scrapped its wealth tax back in 1997.

Recent: Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

In July 2024, offloading 50,000 seized BTC at $58,000 might have seemed like a smart move for the German government, but when Bitcoin hit $100,000 just months later in December, it became clear they left a fortune on the table. 

In retrospect, a costly mistake…

Will this be remembered as a blunder on par with Gordon Brown selling half of the UK’s gold reserves at $275 an ounce? 

Imposing such a rule on the wealthy comes with obvious risks.

To understand the real effect of taxation on a country, just follow the money — specifically, where millionaires are moving. Recent data shows that high-net-worth individuals are leaving countries like the United Kingdom in droves, heading for tax-friendly havens like Dubai.

The potential repercussions of a wealth tax

Will nations risk losing these individuals to tap into unrealized gains on Bitcoin and other assets?

Bitcoin is volatile and full of unknowns. While some events could lead to massive losses, governments may still push forward with policies that ultimately drive away millionaires, only to realize the trade-off wasn’t worth it. 

Conversely, US President Donald Trump recently signed an executive order establishing a Bitcoin Strategic Reserve — a clear nod to the hodl mentality. No doubt, this has other nations considering a similar move.

If nations are embracing the hodl mindset, could that mean wealth taxes are off the table in those countries? Only time will tell.

One thing is sure: Bitcoin hodlers have amassed enough wealth to put themselves on the radar of tax authorities. Whether this sparks fundamental policy changes or just political grandstanding, the crypto community won’t sit back quietly.

Opinion by: Robin Singh, CEO of Koinly.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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‘More people should be given this chance’: The probation centres transforming offenders’ lives

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'More people should be given this chance': The probation centres transforming offenders' lives

The combination of full prisons and tight public finances has forced the government to urgently rethink its approach.

Top of the agenda for an overhaul are short sentences, which look set to give way to more community rehabilitation.

The cost argument is clear – prison is expensive. It’s around £60,000 per person per year compared to community sentences at roughly £4,500 a year.

But it’s not just saving money that is driving the change.

Research shows short custodial terms, especially for first-time offenders, can do more harm than good, compounding criminal behaviour rather than acting as a deterrent.

Charlie describes herself as a former "junkie shoplifter"
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Charlie describes herself as a former ‘junkie shoplifter’

This is certainly the case for Charlie, who describes herself as a former “junkie, shoplifter from Leeds” and spoke to Sky News at Preston probation centre.

She was first sent down as a teenager and has been in and out of prison ever since. She says her experience behind bars exacerbated her drug use.

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Charlie in February 2023
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Charlie in February 2023


“In prison, I would never get clean. It’s easy, to be honest, I used to take them in myself,” she says. “I was just in a cycle of getting released, homeless, and going straight back into trap houses, drug houses, and that cycle needs to be broken.”

Eventually, she turned her life around after a court offered her drug treatment at a rehab facility.

She says that after decades of addiction and criminality, one judge’s decision was the turning point.

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“That was the moment that changed my life and I just want more judges to give more people that chance.”

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How to watch Sophy Ridge’s special programme live from Preston Prison

Also at Preston probation centre, but on the other side of the process, is probation officer Bex, who is also sceptical about short sentences.

“They disrupt people’s lives,” she says. “So, people might lose housing because they’ve gone to prison… they come out homeless and may return to drug use and reoffending.”

Read more from Sky News:
Care homes face ban on overseas recruitment
Woman reveals impact of little-known disorder

Charlie with Becks at the probation centre in Preston 
grab from Liz Bates VT for use in correspondent piece
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Bex works with offenders to turn their lives around

Bex has seen first-hand the value of alternative routes out of crime.

“A lot of the people we work with have had really disjointed lives. It takes a long time for them to trust someone, and there’s some really brilliant work that goes on every single day here that changes lives.”

It’s people like Bex and Charlie, and places like Preston probation centre, that are at the heart of the government’s change in direction.

:: Watch special programme on prisons on Politics Hub with Sophy Ridge at 7pm

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