Dear @TomHunt1988, your statement on #politicslive that asylum seekers are obliged to seek asylum in the first safe country they enter is wrong. There is no such requirement under either the Geneva Convention on Refugees or UK law.
The EU's Dublin agreement allowed EU countries to send asylum seekers to other EU countries for claims processing. But the UK is no longer party to the Dublin agreement. So it can no longer send asylum seekers to other EU countries for claims processing.
This is a consequence of the Brexit you supported, @TomHunt1988. Own your mistakes, please. And learn what the law says. You should not make egregiously wrong statements on flagship politics programmes.
Furthermore, @tomHunt1988, young men can be legitimate refugees, and many are. 75% of those arriving here in small boats make successful asylum claims.
Some of those arriving in small boats are Afghans who worked with British forces. They were abandoned by the British Government last year and are now in fear of their lives. Yet the Home Office completely failed to provide them with safe legal routes to seek asylum in the UK.
And you now want to compound the UK's abject failure to protect those who worked with its armed forces by deporting them to Rwanda? Really?

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More from @Frances_Coppola

Jun 15
Dear @WSJ and other media, could you please stop talking of Celsius as "managing assets". It is not an asset manager. Its terms and conditions specifically say deposits placed with it are lent to it. There is complete transfer of title. So there are no "assets under management".
Celsius likes to pretend it is not a bank, but its business model is that of a bank. It borrows from wholesale and retail customers to fund risky lending. It also rehypothecates collateral pledged by borrowers.
Celsius's Terms of Use specifically say that there is no custody relationship. Deposits are loans to Celsius. celsius.network/terms-of-use Image
Read 17 tweets
Jun 14
Asylum seekers currently coming to the UK in small boats include people who worked with the British in Afghanistan and were then abandoned by the UK government in the withdrawal from Afghanistan last year.
The Taliban is hunting down and killing these people. The Home Office has failed to provide any safe legal means for them to seek asylum in the UK, as should be their right. Going overland to France then in small boats to the UK is their only means of getting here.
I believe the Home Office's failure to provide safe legal routes for Afghan refugees was deliberate. Priti Patel never had any intention of allowing them to come here.
Read 4 tweets
May 31
A Fed master account can't by itself guarantee 100% reserve backing. The Fed requires high-quality collateral for reserve borrowing. If the stablecoin issuer can't obtain enough high-quality collateral, it either becomes fractionally reserved or loses the peg.
I explained this in my latest Coppola Comment post, using USDC as the example. coppolacomment.com/2022/05/theres…
The underlying assumption is that exchanges (which are stablecoin issuers' customers) will always pay for stablecoin purchases with fiat cash. But in a market panic, exchanges wouldn't have enough fiat cash to buy sufficient stablecoins spot to maintain the peg.
Read 5 tweets
May 9
Financial journos, could you write about this please? If someone has multiple part-time jobs, each one paying less than the primary threshold for employers' NICs, they will build up no state pension entitlement even though they are working full-time. And they probably won't know.
The BEIS's choice of £123 per week as the pay level below which it would abolish exclusivity clauses is no accident. The primary threshold in 2021/22 is £123 per week. They INTEND to enable employers to avoid paying NICs, leaving workers with no state pension.
This is a scandal in the making and imho must be exposed.
Read 4 tweets
May 9
Having multiple low-paid part-time jobs is a recipe for ending up with little or no state pension. Funny that the BEIS doesn't mention this.
The BEIS also doesn't mention that many people working part-time on very low pay are on universal credit. They would be pushed by the DWP to take on additional jobs or face sanctions.
It looks uncomfortably like easing tight labour markets by increasing the supply of cheap labour.
Read 4 tweets
May 8
My mother-in-law died alone in a hospital bed because neither of her sons could visit her. Her funeral was attended by five people. I watched on zoom because I was not allowed to attend.

DON'T tell me we broke the rules. We did not.
The closest I came to breaking a rule was driving around for half an hour to charge my car battery. The car had to be jump-started because it had stood for so long on my drive that the battery had drained. I had to charge the battery before I could stop to get my shopping.
And when my brother-in-law died in November 2021, my OH and I drove to Blackpool and back in the same day to attend his funeral, because restrictions in place at the time meant we could not stay in Blackpool overnight.
Read 4 tweets

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