RACHEL REEVES’S decision to protect fat cat bankers has lost the public £15 billion — money that could have saved freezing pensioners and hundreds of thousands of children from going hungry, a damning new report found today.
Campaigners for a windfall tax on banking profits slammed the Chancellor after it emerged that Britain’s four biggest banks made a record £45.9bn in profits for 2024.
Positive Money found that the policy, called for by unions and left MPs, would have brought in an additional £14.7bn for the Exchequer this year after Lloyds Bank became the last of the so-called Big Four to announce its £6bn pre-tax profits for last year.
The group calculated that increasing the existing surcharge on bank profits from 3 to 35 per cent, in line with the government’s windfall tax on energy companies, could have raised this sum from Lloyds, HSBC, Barclays and NatWest alone.
This would be enough to cover the cost of scrapping the two-child benefit cap — fives times over.
Keir Starmer, Angela Rayner and Rachel Reeves wear the uniform of the rich and powerful. They have all had clothes bought for them by multi-millionaire Labour donor Lord Alli. CORRECTION: It appears that Rachel Reeves clothing was provided by Juliet Rosenfeld.Keir Starmer says pensioners can freeze to death and poor children can starve and be condemned to failure and misery all their lives.
Ofgem controls the charges made to regional energy networks through a set of assumptions and calculations. Photograph: UCG/Universal Images/Getty
Citizens Advice believes Ofgem made flawed interest rate calculation for companies in Great Britain
The companies behind Great Britain’s gas pipes and power lines have pocketed a windfall of nearly £4bn from household bills during the energy and cost crisis, according to a report.
The analysis, by Citizens Advice, argued that energy network owners were able to make the “excess profits” over the past four years after the industry regulator misjudged their costs.
The companies may have made up to £3.9bn more because Ofgem overestimated their borrowing costs as interest rates began to climb, the report calculated. It found that Ofgem allowed regional network companies to recover these costs from household bills even though many were able to secure fixed-rate terms on some of their borrowing which helped them to avoid the impact of rising interest rates.
The flaw in Ofgem’s regulation, which applies from 2021 to 2028, has meant that households were forced to pay billions in undeserved profits to companies during the cost of living crisis while racking up record levels of debt, according to Citizens Advice.
Unaccompanied minors are grouped apart from families waiting to be processed by U.S. Border Patrol agents near the Mexican border on April 10, 2021 in La Joya, Texas. (Photo: John Moore/Getty Images)
The move was denounced by one immigrant rights advocate as “an affront to American values.”
Migrant rights advocates are forcefully denouncing the Trump administration’s move this week to cut off legal services for unaccompanied immigrant children.
Multiple organizations said Tuesday that they had received a “stop-work order” emailed from the U.S. Department of the Interior. Among them was Acacia Center for Justice. CBS News‘ Camilo Montoya-Galvez shared a partly redacted copy on social media.
“Acacia’s Unaccompanied Children Program provides legal representation to over 26,000 children in and released from Office of Refugee Resettlement custody, protecting children from trafficking, abuse, and exploitation, helping immigration courts run smoother, and ensuring a modicum of due process, so that children navigating the immigration system alone understand their rights and legal obligations,” the group’s executive director, Shaina Aber, said in a Tuesday statement.
“This decision flies in the face of ensuring children who have been trafficked or are at risk of trafficking have child-friendly legal representatives protecting their legal rights and interests,” Aber continued. “The administration’s decision to suspend this program undermines due process, disproportionately impacts vulnerable children, and puts children who have already experienced severe trauma at risk for further harm or exploitation.”
Immigrant Defenders Law Center president and CEO Lindsay Toczylowski similarly said Tuesday that “the safety and welfare of children in government custody should be the primary concern of our elected leaders. Today’s decision by the Trump administration to eliminate access to counsel for 26,000 children is an affront to American values. The Trump administration is abandoning children for the sake of politics and leaving kids to fend for themselves against our complex immigration system.”
Denying legal services to unaccompanied minors is the latest of the vile measures Trump is taking to not just to stoke xenophobia but to embody it. Every person, especially children, deserves due process and legal defense in a civil society.https://t.co/ltDHfxZpIf
According to Mother Jones, in addition to causing about 26,000 children to lose their legal representation—absent outside funding—the new order will lead to about 100,000 kids “missing out on programs designed to educate them about their rights.”
President Donald Trump is known globally for forcibly separating migrant children from their parents at the U.S.-Mexico border during his first term and last year campaigned on various harsh immigration policies, including mass deportations and ending birthright citizenship. Since returning to office last month, the Republican has taken steps to enact his anti-immigrant agenda.
“Trump’s decision to slash a 20-year-old program meant to safeguard the rights of the most vulnerable among us will only cause more chaos in our immigration courts and violates our commitment to children’s safety,” said Toczylowski. “We will continue to fight for their right to legal representation and to uphold our ethical and professional obligations. We urge the government to restore services immediately to protect children’s rights. Our government will be judged by how it treats children in its care. By all standards, this administration is failing them and self-inflicting a black eye as the rest of the world watches.”
National Immigrant Justice Center (NIJC) executive director Mary Meg McCarthy said Tuesday that “the Trump administration continues to choose politics over the rule of law and cruelty over humane treatment of children.” She also said that “this denial of congressionally appropriated funding violates federal law,” and mirrors Trump’s “mass firings and funding cuts of essential programs and agencies across the U.S. government.”
As McCarthy explained:
Decades ago, Congress passed the bipartisan Trafficking Victims Protection Reauthorization Act (TVPRA) that recognized the unique vulnerability of children who travel alone to seek protection in the United States. The TVPRA codified the federal government’s obligation to ensure these children have legal representation so they do not face the risk of deportation without due process. Most unaccompanied children are eligible for permanent status in the United States under current laws. Attorneys help them safeguard their rights under U.S. law, connect them to essential services, and shield them from exploitation and trafficking
[…]
Last month, NIJC and other legal service providers successfully sued the Trump administration following the unlawful stoppage of another congressionally funded legal service program. The administration’s failure yet again to uphold its legal and ethical duties does not eliminate NIJC attorneys’ ethical obligations to the hundreds of children we’ve committed to represent. We call on members of Congress to vocally oppose this egregious abuse of power by the executive branch.
The Michigan Immigrant Rights Center wrote in a lengthy email about the order that “MIRC condemns this cruel action from the Trump administration, designed to inflict further suffering on vulnerable children and families,” including victims of labor trafficking and child abuse.
MIRC also noted that “abruptly terminating statutorily mandated services violates the TVPRA, as well as the government’s clear obligations to children that it has otherwise agreed to during litigation, including the Flores Settlement Agreement (FSA) and the relatively recent Ms. L v. ICE settlement designed to prevent family separation, among other critical protections.”
Power-mad orange gasbag Donald Trump says Burn, Baby, Burn.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
A toucan in Costa Rica. Most wildlife habitats are being destroyed in countries with tropical forests, the study shows. Photograph: Francesco Puntiroli/Alamy
Consumption in wealthy countries including US and UK is responsible for 13% of global forest loss beyond their borders, study finds
The world’s wealthiest nations are “exporting extinction” by destroying 15 times more biodiversity internationally than within their own borders, research shows.
Most wildlife habitats are being destroyed in countries with tropical forest, according to the study which looked at how wealthy countries’ demand for products such as beef, palm oil, timber and soya beans is destroying biodiversity hotspots elsewhere.
It found that high-income nations were responsible for 13% of global loss of forest habitats outside their own borders. The US alone was responsible for 3% of the world’s non-US forest habitat destruction.
“That just underscores the magnitude of the process,” said lead researcher Alex Wiebe, a doctoral student in ecology and evolutionary biology at Princeton University in the US. Countries that had the most significant impacts abroad included the US, Germany, France, Japan, China and the UK, according to the paper, published in Nature.
