Category: Great Britain

  • MIL-OSI United Kingdom: Council unveils new £25m HGV and welfare bus fleet with enhanced safety features

    Source: Scotland – City of Edinburgh

    Transport and Environment Convener, Councillor Stephen Jenkinson alongside fleet colleagues at Bankhead Depot.

    Safety is at the heart of the Council’s fleet, with our entire fleet of new Heavy Goods Vehicles (HGVs) along with our welfare buses all equipped with enhanced safety features.

    We’re investing over £25m into our new HGVs and welfare buses as part of our wider £56.8m Fleet Asset Management Plan 2023-2029.  

    We’ve taken inspiration from the Progressive Safe System (PSS) which was implemented by Transport for London (TfL) in October 2024 to enhance vehicle awareness and reduce the likelihood of collisions. There are seven key requirements under PSS:

    • Camera monitoring system fitted to the vehicle’s nearside
    • Class V and VI mirrors
    • Blind spot sensors fitted to the vehicles nearside
    • Moving off sensors fitted to the front of the vehicle
    • Side under-run protection on both sides of the vehicle
    • Audible warning alerts when vehicles turn left
    • Prominent visual warning signage

    In addition to adhering to PSS requirements, all our new vehicles are fitted with an Advanced Emergency Braking System (AEBS). AEBS uses sensors to monitor a vehicle’s surroundings and automatically apply the brakes if a collision is likely.

    Whilst there are no such safety requirement anywhere else in the UK outside of London, we took the decision to ensure all HGVs purchased as part of the replacement programme were equipped with the technology to meet this standard.

    Our 152 strong HGV fleet is comprised of refuse collection vehicles, road sweepers, road gritters, mobile library uses, construction vehicles in roads services, and utility trucks for maintaining streets and greenspace.

    Whilst our 27 welfare buses, which transport children with Additional Support Needs (ASN), are not classed as HGV we took the decision to order these buses with the new safety features. These vehicles operate in and around schools and built-up areas during peak travel times so it’s important they are as safe as possible for everyone.

    We’ve now taken delivery of over 70 of our new HGVs, with all new refuse collection vehicles due to arrive by the end of March 2025 and all other HGVs due to be in service this year.

    Transport and Environment Convener, Councillor Stephen Jenkinson said:

    I was delighted to go down to Bankhead this morning to see some of these new vehicles firsthand and talk to our colleagues who operate them. We have a responsibility to our colleagues and our residents to make sure our fleet is as safe as possible. This is why we’re investing tens of millions of pounds into our fleet.

    With these changes I’m confident that we have the most advanced local authority fleet in Scotland when it comes to safety features. I hope that other parts of Scotland and the UK will look to London and Edinburgh’s example and follow suit.

    Safety is an absolute priority for us when delivering our services and I have no doubt that these new features will have a positive impact.

    Published: February 12th 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: HSI New England investigation leads to recovery of over $300,000 to victim of a computer support scam

    Source: US Immigration and Customs Enforcement

    HARTFORD, Conn. — U.S. Immigrations and Customs Enforcement’s Homeland Security Investigations and the U.S. Attorney’s Office for the District of Connecticut announced on Feb. 7 the return of $328,573 to the victim of a computer support scam as the result of an ICE HSI cybercrime investigation.

    According to the complaint (3:24cv840), in February 2024, an elderly woman was tricked by a scammer who mimicked Microsoft customer support. The victim transferred approximately $550,000 to the scammers in two wire transfers. Within two days of the transfers, the victim and a family member reported the incident to the Simsbury Police Department, who then partnered with HSI to investigate the crime. Fortunately, one of the wire transfers, in the amount of $221,000, was reversed by the bank and returned to the victim. ICE HSI special agents traced the remaining money, totaling approximately $328,573, and seized it. The U.S. Attorney’s Office then filed a civil asset forfeiture action to forfeit the money to the government, and HSI special agents and the U.S. Attorney’s Office then worked with the Department of Justice’s Money Laundering and Asset Recovery Section to return the money to the victim on Feb. 4, 2025.

    “Cyber scams run by foreign malign actors are becoming more common and more sophisticated every day,” said ICE HSI New England Special Agent in Charge Michael J. Krol. “The victim in this case contacted authorities quickly resulting in the recovery of most of her money by the bank and by HSI — a best case scenario and rare result. It is essential for victims of these kinds of cybercrimes to come forward as soon as possible. We want the public to know that help is available and to reach out immediately if they’ve been victimized by international scammers.”

    “The U.S. Attorney’s Office is committed to helping victims of crime, and civil asset forfeiture is a powerful tool that allows the government to return money to victims of fraud schemes,” said Acting U.S. Attorney Silverman. “As we continue to pursue criminal prosecution of the individuals responsible for this and other computer crimes, it is equally important to ensure that the government uses all of its tools to minimize, and in this case, undo, the financial impact these crimes have on victims. This case represents the best case scenario, where nearly every dollar taken from the victim was returned to her. While it can be difficult to come forward and admit that you have been victimized by online scammers, know that federal law enforcement and our state and local partners stand ready to help you to the fullest extent possible.”

    This case was investigated by ICE HSI New England’s Hartford Resident Agent in Charge office. If you or someone you know is a victim of elder fraud, call the HSI Tip Line at 877-4-HSI-TIP or the National Elder Fraud Hotline at 833-FRAUD-11.

    Follow us on X, formerly known as Twitter, at @HSINewEngland to learn more about HSI’s global missions and operations.

    MIL OSI USA News

  • MIL-OSI United Kingdom: River Tame stocked with thousands of fish

    Source: United Kingdom – Executive Government & Departments

    The Environment Agency has boosted the populations of dace, chub and roach in Greater Manchester as 4,000 fish have been released into the River Tame.

    Photo shows Luke Theaker, Environment Agency Fisheries Officer, on the left, and Chris Clarke, Chair of the River Tame Anglers, releasing fish into the River Tame.

    The fish were released at two locations in the river, near Hyde.

    The Fisheries Improvement Programme, which is paid for by rod licence sales, has funded work with the River Tame Anglers to create fish refuges and boost habitat to support fish survival in this area.

    Stocking occurs in winter because water temperatures are low and this minimises any stress on the fish, giving them the best possible survival rates.

    February is a good time to introduce the fish into rivers, as it enables them to acclimatise to their new surroundings, ahead of their spawning season in the spring.

    Fish also play a critical role in sustaining a river’s finely-balanced eco-system, so the wider natural environment will also get a helping hand, as a result of the restocking.

    ‘Amazing opportunity’ to boost fish numbers

    Mark Easedale, Area Environment Manager for the Environment Agency in Greater Manchester, said:

    The carefully coordinated releases on the River Tame provides an amazing opportunity to further boost fish numbers and support our local angling clubs.

    Our officers work closely with partners across Greater Manchester to protect and enhance local fish populations.

    This includes responding to reports of fish in distress, gathering evidence at pollution incidents, protecting or enhancing habitats for fish, improving angling access and addressing barriers to fish migration.

    We hope this stocking in the River Tame will encourage even more people to give fishing a go, but before you do go out to the banks, remember it’s important to buy a rod licence, as you could end up with a fine if you don’t.

    Photo shows Luke Theaker, Environment Agency Fisheries Officer, on the right, and Chris Clarke, Chair of the River Tame Anglers, releasing fish into the River Tame.

    Surveys help ensure fish released in right locations

    The new recruits to the Tame have all been reared at the Environment Agency’s National Coarse Fish Farm in Calverton, Nottinghamshire.

    Every year, the Environment Agency stocks almost half a million fish of nine different species into England’s rivers. Being the principal supply of coarse fish for 32 years, the fish farm plays a crucial role to help improve fisheries around the country.

    Fisheries officers use data from national surveys to identify where there are problems with poor breeding, issues with survival rates, or where numbers have been impacted following a pollution incident.

    These surveys help the officers ensure that fish are released into the right locations and where the need is greatest as well as supporting angling clubs to boost local fishing spots.

    Fisheries Officers inspect rod licences 24/7 throughout the North West, and work continually on cases of illegal fishing and other associated fisheries crime. Fishing illegally can result in a fine of up to £2,500, and offenders can also have their fishing equipment seized.

    It’s easy to buy a rod fishing licence online. Get yours here: Buy a rod fishing licence

    Illegal fishing and other offences can be reported to the Environment Agency’s Incident Hotline on 0800 807060.

    Background

    • Rod fishing licence income is vital to the work of the Environment Agency to maintain, improve and develop fisheries.
    • Revenue generated from rod fishing licence sales is reinvested to benefit angling, with work including tackling illegal fishing, protecting and restoring habitats for fish and improving facilities for anglers.
    • The Fisheries Improvement Programme invests in English rivers by funding projects to protect and improve fish stocks and habitats, provide new facilities for anglers, and give more people the opportunity to try fishing.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Lord Chancellor sets out her vision for the probation service

    Source: United Kingdom – Executive Government & Departments

    The Lord Chancellor and Secretary of State for Justice, the Rt Hon Shabana Mahmood MP, made a speech outlining her vision for the future of the probation service.

    Please note the political content has been removed from this speech.

    Today, we are in Southwark, the home of London’s probation service, one of the busiest in the country.

    Here in London, the Service supervises more than 36,000 offenders.

    And, every day, in this building, there are a thousand untold stories of how our probation service protects the public and makes our streets safer.

    I want to talk about the future of our probation service today.

    But to look to that future, I think we must first look to the past.

    Because it was here, in Southwark, that the probation service first took root.

    Over 150 years ago, the Church of England’s temperance movement posted a man called George Nelson to Southwark’s police court.

    Nelson was the first of a band of missionaries, driven by their faith and strict teetotalism, who gave up their time to help offenders give up the drink.

    Addiction then, as addiction now, drove much criminal behaviour…

    And the approach worked.

    In fact, it worked so well that the courts came to rely on missionaries like Nelson.

    A system soon developed where offenders would be released on the condition that they kept in touch with these volunteers.

    Because what began as a moral cause proved to have a practical purpose:

    These missionaries led to less crime and fewer victims.

    As this Government might say: they made our streets safer.

    By the early twentieth century, this voluntary service was so greatly valued that it was placed on a statutory footing.

    The 1907 Probation of Offenders Act established the first formal structure for probation…

    And the volunteers became professionals.  

    In the years that followed, the service grew:

    The 1925 Criminal Justice Act paid probation officers a regular wage.

    By the 1950s, probation’s work expanded to offenders on parole.

    And by the 1980s, the service was focused increasingly on prison releases.

    Over time, the role developed.

    Where the early missionaries were focused on crimes driven by addiction…

    In time, they took responsibility for the management of ever more, and ever more complex, offenders.

    Too often overlooked, with our focus invariably falling on the police or on prisons…

    Probation became an indispensable part of a criminal justice system that keeps us safe.

    It remains so today, now a service that is more than 20,000 strong…

    And probation officers supervise almost a quarter of a million offenders – around three times the number currently serving time in our prisons.

    Each year, they oversee more than 4 million hours of community payback.

    They monitor around 9,000 offenders on a tag at any given moment.

    They provide sentencing advice to hundreds of courts every single day.

    And they also provide a vital link to tens of thousands of victims, through the Victim Contact and the Victim Notification schemes.

    But while there have been bright moments in the service’s past, we must acknowledge the dark days too.

    In 2014 the service was split:

    Part remained in the public sector, managing the highest-risk offenders.

    The rest was hived off, to be run by the private sector, who would supervise those of low and medium risk.

    Community Rehabilitation Companies would bring the ingenuity of the private sector to solve the problem of reoffending.

    The rhetoric was of a revolution in how we manage offenders.

    The reality was far different.

    Workloads increased, as new offenders were brought under supervision for the first time…

    The number of people on probation increased between December 2014 and December 2016, with almost 50,000 offenders newly under its remit.

    Scarce resources were stretched further than ever…   

    Morale plummeted.

    And worrying numbers voted with their feet, leaving the service altogether…

    With the Inspector of Probation declaring a “national shortage” of probation professionals in 2019. 

    The new companies woefully underperformed.

    Between 2017 and 2018, just 5 of 37 audits carried out by HMPPS demonstrated that expected standards were being met.

    In 2019, 8 out of 10 companies inspected received the lowest possible rating – “inadequate” – for supervising offenders.

    The Chief Inspector called them “irredeemably flawed”.

    And the service was labelled ‘inadequate’.

    In 2021, it was finally, rightly, re-unified and re-nationalised.

    Now, make no mistake…

    Every day, across the country, probation staff make this country safer.

    This was clearly evident in the service’s response to the prison capacity crisis.

    With prisons just days from collapse, this Government was forced to introduce an emergency release programme, which saw some offenders leave prison a few weeks or months early.

    The alternative, as I said at the time, did not bear thinking about:

    We would have been forced to shut the front door of our prisons…

    An act that would have sent dominoes tumbling through our justice system:

    Courts unable to hold trials…

    Police forced to halt arrests…

    And the eventual path to a total breakdown of law and order.

    In making that decision, I knew the probation service would have to carry an even heavier load.

    They would have to put in place plans for the safe release of prisoners in just a few weeks.

    I tried to give them as much time as I possibly could to prepare:

    An eight-week implementation period.

    It wasn’t long to prepare, but the probation service used it with great skill.

    But now is also a moment to be honest about the challenges the service faces.

    And the simple fact is this:

    The service was burdened with a workload that was, quite simply, impossible.

    When we took office, we discovered that orders handed out by courts were not taking place.

    In the 3 years to March 2024 around 13,000 Accredited Programmes, a type of rehabilitative course, did not happen.

    This wasn’t because an offender had failed to do what was expected of them…

    But instead because the Probation Service had been unable to deliver these courses.

    As I have shown already in this job, I believe in confronting problems, not pretending they are not there.

    And so, we will ensure only those offenders who pose a higher risk, and who need to receive these courses, will do so.

    This isn’t a decision I take lightly.

    But it is a decision to confront the reality of the challenges facing the probation service.

    I should be clear:

    For those who will not complete an accredited programme, they remain under the supervision of a probation officer…

    And all the other requirements placed upon them will remain in place.

    Any breach of a community sentence could see them hauled back into court.

    Any breach of a licence condition could see them back behind bars.

    Addressing individual issues like these, however, is no long-term solution to the challenges the probation service faces.

    Today, across the country, probation officers are spread too thin – responsible for caseloads and workloads that exceed what they should be expected to handle.

    Probation officers are drawn to the profession not because it is just another job.

    This job is a vocation, even a calling…

    They are, after all, the inheritors of those missionaries of 150 years ago.

    They are experts in their discipline…

    Who want to know that their work is protecting the public…

    And keeping offenders on the straight and narrow.

    Over-stretched, they can’t work with offenders in the way they need to.

    And the burden placed on probation officers’ shoulders grow heavier and heavier.

    It has driven people away from the job…

    It has made the public less safe…

    And it has to change.

    It is clear we need to bring more people into the probation service.

    In July, I committed to bringing on 1,000 trainee probation officers by March of this year.

    But we must go further.

    Today, I can announce that, next year, we will bring on at least 1,300 new, trainee probation officers.

    New probation officers are the lifeblood of the service, and they will guarantee its future.

    But they are not enough alone.

    It is also clear we must remove the administrative burden that weighs probation officers down…

    And makes them less effective in their roles.

    Today, too many hours of probation officer time are wasted each day.

    They are drowning in paperwork.

    And I don’t mean metaphorical paperwork.

    I mean literal pen and paperwork.

    This takes up valuable time, that would be better spent working with offenders…

    And it also introduces the risk of error – the failure to identify the critical piece of information that might shape a professional’s judgement of the risk that an offender poses.

    Where digital processes do exist in the probation service, they can be difficult to navigate.

    Information is stored in multiple different systems that do not speak to each other.

    And probation officers are forced, laboriously, to type the same information time and again.

    We will soon pilot a digital tool that will put all the information a probation officer needs to know into one place.

    Over time, this will include information from other agencies, like the police as we need to make sure data is more readily shared, so that probation can make better decisions.

    We’re also trialling a new system for risk assessing offenders, to make it more straightforward for probation officers to make robust decisions.

    A group of officers in Brighton started using this in December last year…

    And we estimate it will cut up to 20 percent of the time it takes to do this crucial activity.

    It might sound simple, but the impact could be considerable.

    Every minute saved is more time probation officers can spend working with offenders.

    Less simple, but even more transformational, there’s the potential of artificial intelligence.

    We are currently looking into voice transcription.

    This would automatically record and transcribe supervision conversations by taking notes in real time…

    Allowing probation officers to focus on building relationships, while also removing the need for them to enter handwritten notes into a computer afterwards.

    In time, we believe that AI could play a more active role in supporting staff to supervise offenders – for example, drawing on the data we have on an offender to suggest a supervision plan tailored to them.

    This new technology will ensure probation officers provide what only they can:

    The human factor.

    The ability to work with an offender, one-to-one, to understand the risk they pose…

    To develop a plan for how to manage it…

    Ultimately, to turn them away from a life of crime – and so protect the public.

    That is what remains true about the probation officer’s job now, just as it was 150 years ago.

    The courts didn’t turn to the temperance movement’s missionaries because they were great at paperwork.

    They did so because of how they worked with offenders.

    They knew – in the words of the Government Minister who brought in the 1907 Probation Act – how “to guide and admonish” an offender to make the public safer.

    But while new staff and better technology are necessary to the future of our probation service…

    They are not sufficient.

    With a caseload of nearly a quarter of a million offenders…

    We must also look at the work that probation officers are doing…

    And we must ask:

    Where should their time be spent…

    And, more specifically, who should their time be spent with to have the greatest impact?

    In this, it is clear there are two types of offender.

    On the one hand, we have those who pose a higher risk to society.

    In this group, we have those who are dangerous – posing a real risk of harm to the public.

    We also have those whose offending is prolific – the one in every ten offenders who is guilty of nearly half of all sentenced crime.

    On the other hand, we have offenders who pose a lower risk.

    They are not serial offenders, with a high risk of reoffending.

    Their crimes are instead often fuelled by addiction, homelessness, and joblessness.

    These crimes are not excusable.

    All crimes must be punished.

    But these two groups – the higher and lower risk – are different.

    If we want to reduce reoffending, cut crime and have safer streets, we have to treat them differently.

    And too often today, we don’t.

    We have a one size fits all approach.

    That must change.

    For higher-risk offenders, a probation officer’s time and focus is essential.

    It is no exaggeration to say that effective supervision of this cohort can be the difference between life and death.

    We all know the tragedies:  

    I think of Terri Harris, her children John Paul and Lacey Bennett and Lacey’s friend Connie Gent, savagely murdered by Damien Bendall in 2021, when Bendall was serving a community sentence.

    And I think of Zara Aleena, murdered by Jordan McSweeney in 2022, just nine days after he had left prison on licence.

    We will never be able to stop every tragedy.  

    But we have to stop more.

    There are improvements that we can and must make to the processes probation officers follow, and the technology they use.

    We have introduced new training, to better identify risk…

    New digital tools, as I have mentioned already, will draw together the critical pieces of information from partner organisations, like the police.

    But the vital ingredient is time:

    The time of a professional probation officer…

    Devoted to identifying the risk an offender poses…

    Creating a plan to manage it…

    And supervising, closely, that offender to ensure they do not deviate from it.

    That is the human factor that only a probation officer can provide.

    If probation officers are to have this valuable time with these offenders, we must be more efficient with the time they devote to lower-risk offenders.

    At the very end of their time in office, my predecessor introduced a policy called Probation Reset.

    This saw supervision of lower-risk offenders end after two-thirds of their licence period.

    This was a step in the right direction.

    The interventions that work best with lower risk offenders are not necessarily those provided by probation officers.

    So that is where we must now direct the attention of their supervision.

    We need to get these offenders off drugs and booze – reoffending rates are 19 points lower when an offender completes a drug treatment programme.

    We need to ensure they have a roof over their heads – reoffending rates double for those released homeless.  

    And finally, we need to get them working – reoffending rates are up to 9 points lower when an offender is employed.

    The probation service has a role to play here…

    But their unique value is in referring offenders to the intervention that is required to address the cause of their offending.                

    And so today, I can announce that we will build on the work of Reset.

    This Government will focus the probation service on the interventions that have the greater impact.

    For lower risk offenders, we will task probation officers with providing a swifter intervention.

    They will spend more time with an offender immediately after their release:

    First, assessing the root causes of an offender’s crime…

    Then referring them to the services that will address that behaviour:

    Which could be education, training, drug treatment or accommodation…

    Delivered by the probation service, our partners across Government, and through the brilliant work done by the voluntary sector.

    Once offenders are following that direction, as long as the offender stays on the straight and narrow, we must then focus probation officer’s time more effectively:

    That means more time spent with the offenders who pose the greater risk…

    More time with offenders who pose a risk of a serious and violent further offence…

    And more time with offenders whose prolific offending causes so much social and economic damage to local communities.

    That is how we will reduce reoffending…

    That is how we will cut crime…

    And that is how we will make our streets safer.

    These measures are necessary today, but they will be even more important in the months and years to come.

    David Gauke’s independent review of sentencing will report soon.

    He has been asked to ensure we never run out of prison places again.

    There is no doubt that this will increase pressure on probation.

    As I made clear when I announced the review, I have asked David to consider how we make more use of punishment outside of prison.

    In my view, technology is likely to play a key role – taking advantage of advances in the tech that is being used here and in other jurisdictions:

    Like sobriety tags, which can measure the alcohol levels in offenders’ sweat every 30 minutes, and have a 97 percent compliance rate…

    And GPS tags, which can put in place exclusion zones to alert authorities if offenders enter areas we have banned them from.

    There are also likely to be more sentences served in the community…

    And more drug, alcohol and mental health treatment requirements placed on offenders.

    These are the tools that must be at the judiciary’s disposal to deal with criminals…

    And judges must have trust and confidence that the probation service can deliver them.

    The changes I have announced today are about support for the probation service:

    1,300 new trainee probation officers…

    New technology to lighten the administrative burden…

    And a new focus of their time on where it has the greatest impact.

    Today, I have set out what I think the future direction of the probation service must be.

    And I think we must, finally, consider the alternative. 

    What would happen if we allowed probation to carry on as it is?

    What would happen if we allowed the service to be stretched so thin, trying to do too much with too many offenders…

    Too much time spent doing the wrong things, and not enough time doing what is right and what works.  

    We know what the consequences would be.

    We’ve seen it in the stories of far too many victims…

    And the pain their friends and families have experienced – and continue to experience – every single day. 

    When the probation service isn’t able to properly assess the risk of offenders or supervise them…

    Innocent people pay a terrible price.

    The first job of the state is to keep its people safe.

    We are willing to take the difficult decisions, where they must be taken.

    I will support probation officers, both the new recruits we will bring in and the professionals of whom we have asked so much in recent years.

    While they are professionals these days, and experts in their field…

    They are drawn to the profession by the same desire that called to those missionaries a hundred and fifty years ago:

    To encourage offenders to turn their backs on crime…

    And to make our streets and the public safer.

    To fulfil that purpose now, we must do things differently.

    And that begins today.

    Thank you.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: ICE HSI New England investigation leads to recovery of over $300,000 to victim of a computer support scam

    Source: US Immigration and Customs Enforcement

    HARTFORD, Conn. — U.S. Immigrations and Customs Enforcement’s Homeland Security Investigations and the U.S. Attorney’s Office for the District of Connecticut announced on Feb. 7 the return of $328,573 to the victim of a computer support scam as the result of an ICE HSI cybercrime investigation.

    According to the complaint (3:24cv840), in February 2024, an elderly woman was tricked by a scammer who mimicked Microsoft customer support. The victim transferred approximately $550,000 to the scammers in two wire transfers. Within two days of the transfers, the victim and a family member reported the incident to the Simsbury Police Department, who then partnered with HSI to investigate the crime. Fortunately, one of the wire transfers, in the amount of $221,000, was reversed by the bank and returned to the victim. ICE HSI special agents traced the remaining money, totaling approximately $328,573, and seized it. The U.S. Attorney’s Office then filed a civil asset forfeiture action to forfeit the money to the government, and HSI special agents and the U.S. Attorney’s Office then worked with the Department of Justice’s Money Laundering and Asset Recovery Section to return the money to the victim on Feb. 4, 2025.

    “Cyber scams run by foreign malign actors are becoming more common and more sophisticated every day,” said ICE HSI New England Special Agent in Charge Michael J. Krol. “The victim in this case contacted authorities quickly resulting in the recovery of most of her money by the bank and by HSI — a best case scenario and rare result. It is essential for victims of these kinds of cybercrimes to come forward as soon as possible. We want the public to know that help is available and to reach out immediately if they’ve been victimized by international scammers.”

    “The U.S. Attorney’s Office is committed to helping victims of crime, and civil asset forfeiture is a powerful tool that allows the government to return money to victims of fraud schemes,” said Acting U.S. Attorney Silverman. “As we continue to pursue criminal prosecution of the individuals responsible for this and other computer crimes, it is equally important to ensure that the government uses all of its tools to minimize, and in this case, undo, the financial impact these crimes have on victims. This case represents the best case scenario, where nearly every dollar taken from the victim was returned to her. While it can be difficult to come forward and admit that you have been victimized by online scammers, know that federal law enforcement and our state and local partners stand ready to help you to the fullest extent possible.”

    This case was investigated by ICE HSI New England’s Hartford Resident Agent in Charge office. If you or someone you know is a victim of elder fraud, call the HSI Tip Line at 877-4-HSI-TIP or the National Elder Fraud Hotline at 833-FRAUD-11.

    Follow us on X, formerly known as Twitter, at @HSINewEngland to learn more about HSI’s global missions and operations.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Lord Chancellor’s sets out her vision for the probation service

    Source: United Kingdom – Executive Government & Departments

    The Lord Chancellor and Secretary of State for Justice, the Rt Hon Shabana Mahmood MP, made a speech outlining her vision for the future of the probation service.

    Please note the political content has been removed from this speech.

    Today, we are in Southwark, the home of London’s probation service, one of the busiest in the country.

    Here in London, the Service supervises more than 36,000 offenders.

    And, every day, in this building, there are a thousand untold stories of how our probation service protects the public and makes our streets safer.

    I want to talk about the future of our probation service today.

    But to look to that future, I think we must first look to the past.

    Because it was here, in Southwark, that the probation service first took root.

    Over 150 years ago, the Church of England’s temperance movement posted a man called George Nelson to Southwark’s police court.

    Nelson was the first of a band of missionaries, driven by their faith and strict teetotalism, who gave up their time to help offenders give up the drink.

    Addiction then, as addiction now, drove much criminal behaviour…

    And the approach worked.

    In fact, it worked so well that the courts came to rely on missionaries like Nelson.

    A system soon developed where offenders would be released on the condition that they kept in touch with these volunteers.

    Because what began as a moral cause proved to have a practical purpose:

    These missionaries led to less crime and fewer victims.

    As this Government might say: they made our streets safer.

    By the early twentieth century, this voluntary service was so greatly valued that it was placed on a statutory footing.

    The 1907 Probation of Offenders Act established the first formal structure for probation…

    And the volunteers became professionals.  

    In the years that followed, the service grew:

    The 1925 Criminal Justice Act paid probation officers a regular wage.

    By the 1950s, probation’s work expanded to offenders on parole.

    And by the 1980s, the service was focused increasingly on prison releases.

    Over time, the role developed.

    Where the early missionaries were focused on crimes driven by addiction…

    In time, they took responsibility for the management of ever more, and ever more complex, offenders.

    Too often overlooked, with our focus invariably falling on the police or on prisons…

    Probation became an indispensable part of a criminal justice system that keeps us safe.

    It remains so today, now a service that is more than 20,000 strong…

    And probation officers supervise almost a quarter of a million offenders – around three times the number currently serving time in our prisons.

    Each year, they oversee more than 4 million hours of community payback.

    They monitor around 9,000 offenders on a tag at any given moment.

    They provide sentencing advice to hundreds of courts every single day.

    And they also provide a vital link to tens of thousands of victims, through the Victim Contact and the Victim Notification schemes.

    But while there have been bright moments in the service’s past, we must acknowledge the dark days too.

    In 2014 the service was split:

    Part remained in the public sector, managing the highest-risk offenders.

    The rest was hived off, to be run by the private sector, who would supervise those of low and medium risk.

    Community Rehabilitation Companies would bring the ingenuity of the private sector to solve the problem of reoffending.

    The rhetoric was of a revolution in how we manage offenders.

    The reality was far different.

    Workloads increased, as new offenders were brought under supervision for the first time…

    The number of people on probation increased between December 2014 and December 2016, with almost 50,000 offenders newly under its remit.

    Scarce resources were stretched further than ever…   

    Morale plummeted.

    And worrying numbers voted with their feet, leaving the service altogether…

    With the Inspector of Probation declaring a “national shortage” of probation professionals in 2019. 

    The new companies woefully underperformed.

    Between 2017 and 2018, just 5 of 37 audits carried out by HMPPS demonstrated that expected standards were being met.

    In 2019, 8 out of 10 companies inspected received the lowest possible rating – “inadequate” – for supervising offenders.

    The Chief Inspector called them “irredeemably flawed”.

    And the service was labelled ‘inadequate’.

    In 2021, it was finally, rightly, re-unified and re-nationalised.

    Now, make no mistake…

    Every day, across the country, probation staff make this country safer.

    This was clearly evident in the service’s response to the prison capacity crisis.

    With prisons just days from collapse, this Government was forced to introduce an emergency release programme, which saw some offenders leave prison a few weeks or months early.

    The alternative, as I said at the time, did not bear thinking about:

    We would have been forced to shut the front door of our prisons…

    An act that would have sent dominoes tumbling through our justice system:

    Courts unable to hold trials…

    Police forced to halt arrests…

    And the eventual path to a total breakdown of law and order.

    In making that decision, I knew the probation service would have to carry an even heavier load.

    They would have to put in place plans for the safe release of prisoners in just a few weeks.

    I tried to give them as much time as I possibly could to prepare:

    An eight-week implementation period.

    It wasn’t long to prepare, but the probation service used it with great skill.

    But now is also a moment to be honest about the challenges the service faces.

    And the simple fact is this:

    The service was burdened with a workload that was, quite simply, impossible.

    When we took office, we discovered that orders handed out by courts were not taking place.

    In the 3 years to March 2024 around 13,000 Accredited Programmes, a type of rehabilitative course, did not happen.

    This wasn’t because an offender had failed to do what was expected of them…

    But instead because the Probation Service had been unable to deliver these courses.

    As I have shown already in this job, I believe in confronting problems, not pretending they are not there.

    And so, we will ensure only those offenders who pose a higher risk, and who need to receive these courses, will do so.

    This isn’t a decision I take lightly.

    But it is a decision to confront the reality of the challenges facing the probation service.

    I should be clear:

    For those who will not complete an accredited programme, they remain under the supervision of a probation officer…

    And all the other requirements placed upon them will remain in place.

    Any breach of a community sentence could see them hauled back into court.

    Any breach of a licence condition could see them back behind bars.

    Addressing individual issues like these, however, is no long-term solution to the challenges the probation service faces.

    Today, across the country, probation officers are spread too thin – responsible for caseloads and workloads that exceed what they should be expected to handle.

    Probation officers are drawn to the profession not because it is just another job.

    This job is a vocation, even a calling…

    They are, after all, the inheritors of those missionaries of 150 years ago.

    They are experts in their discipline…

    Who want to know that their work is protecting the public…

    And keeping offenders on the straight and narrow.

    Over-stretched, they can’t work with offenders in the way they need to.

    And the burden placed on probation officers’ shoulders grow heavier and heavier.

    It has driven people away from the job…

    It has made the public less safe…

    And it has to change.

    It is clear we need to bring more people into the probation service.

    In July, I committed to bringing on 1,000 trainee probation officers by March of this year.

    But we must go further.

    Today, I can announce that, next year, we will bring on at least 1,300 new, trainee probation officers.

    New probation officers are the lifeblood of the service, and they will guarantee its future.

    But they are not enough alone.

    It is also clear we must remove the administrative burden that weighs probation officers down…

    And makes them less effective in their roles.

    Today, too many hours of probation officer time are wasted each day.

    They are drowning in paperwork.

    And I don’t mean metaphorical paperwork.

    I mean literal pen and paperwork.

    This takes up valuable time, that would be better spent working with offenders…

    And it also introduces the risk of error – the failure to identify the critical piece of information that might shape a professional’s judgement of the risk that an offender poses.

    Where digital processes do exist in the probation service, they can be difficult to navigate.

    Information is stored in multiple different systems that do not speak to each other.

    And probation officers are forced, laboriously, to type the same information time and again.

    We will soon pilot a digital tool that will put all the information a probation officer needs to know into one place.

    Over time, this will include information from other agencies, like the police as we need to make sure data is more readily shared, so that probation can make better decisions.

    We’re also trialling a new system for risk assessing offenders, to make it more straightforward for probation officers to make robust decisions.

    A group of officers in Brighton started using this in December last year…

    And we estimate it will cut up to 20 percent of the time it takes to do this crucial activity.

    It might sound simple, but the impact could be considerable.

    Every minute saved is more time probation officers can spend working with offenders.

    Less simple, but even more transformational, there’s the potential of artificial intelligence.

    We are currently looking into voice transcription.

    This would automatically record and transcribe supervision conversations by taking notes in real time…

    Allowing probation officers to focus on building relationships, while also removing the need for them to enter handwritten notes into a computer afterwards.

    In time, we believe that AI could play a more active role in supporting staff to supervise offenders – for example, drawing on the data we have on an offender to suggest a supervision plan tailored to them.

    This new technology will ensure probation officers provide what only they can:

    The human factor.

    The ability to work with an offender, one-to-one, to understand the risk they pose…

    To develop a plan for how to manage it…

    Ultimately, to turn them away from a life of crime – and so protect the public.

    That is what remains true about the probation officer’s job now, just as it was 150 years ago.

    The courts didn’t turn to the temperance movement’s missionaries because they were great at paperwork.

    They did so because of how they worked with offenders.

    They knew – in the words of the Government Minister who brought in the 1907 Probation Act – how “to guide and admonish” an offender to make the public safer.

    But while new staff and better technology are necessary to the future of our probation service…

    They are not sufficient.

    With a caseload of nearly a quarter of a million offenders…

    We must also look at the work that probation officers are doing…

    And we must ask:

    Where should their time be spent…

    And, more specifically, who should their time be spent with to have the greatest impact?

    In this, it is clear there are two types of offender.

    On the one hand, we have those who pose a higher risk to society.

    In this group, we have those who are dangerous – posing a real risk of harm to the public.

    We also have those whose offending is prolific – the one in every ten offenders who is guilty of nearly half of all sentenced crime.

    On the other hand, we have offenders who pose a lower risk.

    They are not serial offenders, with a high risk of reoffending.

    Their crimes are instead often fuelled by addiction, homelessness, and joblessness.

    These crimes are not excusable.

    All crimes must be punished.

    But these two groups – the higher and lower risk – are different.

    If we want to reduce reoffending, cut crime and have safer streets, we have to treat them differently.

    And too often today, we don’t.

    We have a one size fits all approach.

    That must change.

    For higher-risk offenders, a probation officer’s time and focus is essential.

    It is no exaggeration to say that effective supervision of this cohort can be the difference between life and death.

    We all know the tragedies:  

    I think of Terri Harris, her children John Paul and Lacey Bennett and Lacey’s friend Connie Gent, savagely murdered by Damien Bendall in 2021, when Bendall was serving a community sentence.

    And I think of Zara Aleena, murdered by Jordan McSweeney in 2022, just nine days after he had left prison on licence.

    We will never be able to stop every tragedy.  

    But we have to stop more.

    There are improvements that we can and must make to the processes probation officers follow, and the technology they use.

    We have introduced new training, to better identify risk…

    New digital tools, as I have mentioned already, will draw together the critical pieces of information from partner organisations, like the police.

    But the vital ingredient is time:

    The time of a professional probation officer…

    Devoted to identifying the risk an offender poses…

    Creating a plan to manage it…

    And supervising, closely, that offender to ensure they do not deviate from it.

    That is the human factor that only a probation officer can provide.

    If probation officers are to have this valuable time with these offenders, we must be more efficient with the time they devote to lower-risk offenders.

    At the very end of their time in office, my predecessor introduced a policy called Probation Reset.

    This saw supervision of lower-risk offenders end after two-thirds of their licence period.

    This was a step in the right direction.

    The interventions that work best with lower risk offenders are not necessarily those provided by probation officers.

    So that is where we must now direct the attention of their supervision.

    We need to get these offenders off drugs and booze – reoffending rates are 19 points lower when an offender completes a drug treatment programme.

    We need to ensure they have a roof over their heads – reoffending rates double for those released homeless.  

    And finally, we need to get them working – reoffending rates are up to 9 points lower when an offender is employed.

    The probation service has a role to play here…

    But their unique value is in referring offenders to the intervention that is required to address the cause of their offending.                

    And so today, I can announce that we will build on the work of Reset.

    This Government will focus the probation service on the interventions that have the greater impact.

    For lower risk offenders, we will task probation officers with providing a swifter intervention.

    They will spend more time with an offender immediately after their release:

    First, assessing the root causes of an offender’s crime…

    Then referring them to the services that will address that behaviour:

    Which could be education, training, drug treatment or accommodation…

    Delivered by the probation service, our partners across Government, and through the brilliant work done by the voluntary sector.

    Once offenders are following that direction, as long as the offender stays on the straight and narrow, we must then focus probation officer’s time more effectively:

    That means more time spent with the offenders who pose the greater risk…

    More time with offenders who pose a risk of a serious and violent further offence…

    And more time with offenders whose prolific offending causes so much social and economic damage to local communities.

    That is how we will reduce reoffending…

    That is how we will cut crime…

    And that is how we will make our streets safer.

    These measures are necessary today, but they will be even more important in the months and years to come.

    David Gauke’s independent review of sentencing will report soon.

    He has been asked to ensure we never run out of prison places again.

    There is no doubt that this will increase pressure on probation.

    As I made clear when I announced the review, I have asked David to consider how we make more use of punishment outside of prison.

    In my view, technology is likely to play a key role – taking advantage of advances in the tech that is being used here and in other jurisdictions:

    Like sobriety tags, which can measure the alcohol levels in offenders’ sweat every 30 minutes, and have a 97 percent compliance rate…

    And GPS tags, which can put in place exclusion zones to alert authorities if offenders enter areas we have banned them from.

    There are also likely to be more sentences served in the community…

    And more drug, alcohol and mental health treatment requirements placed on offenders.

    These are the tools that must be at the judiciary’s disposal to deal with criminals…

    And judges must have trust and confidence that the probation service can deliver them.

    The changes I have announced today are about support for the probation service:

    1,300 new trainee probation officers…

    New technology to lighten the administrative burden…

    And a new focus of their time on where it has the greatest impact.

    Today, I have set out what I think the future direction of the probation service must be.

    And I think we must, finally, consider the alternative. 

    What would happen if we allowed probation to carry on as it is?

    What would happen if we allowed the service to be stretched so thin, trying to do too much with too many offenders…

    Too much time spent doing the wrong things, and not enough time doing what is right and what works.  

    We know what the consequences would be.

    We’ve seen it in the stories of far too many victims…

    And the pain their friends and families have experienced – and continue to experience – every single day. 

    When the probation service isn’t able to properly assess the risk of offenders or supervise them…

    Innocent people pay a terrible price.

    The first job of the state is to keep its people safe.

    We are willing to take the difficult decisions, where they must be taken.

    I will support probation officers, both the new recruits we will bring in and the professionals of whom we have asked so much in recent years.

    While they are professionals these days, and experts in their field…

    They are drawn to the profession by the same desire that called to those missionaries a hundred and fifty years ago:

    To encourage offenders to turn their backs on crime…

    And to make our streets and the public safer.

    To fulfil that purpose now, we must do things differently.

    And that begins today.

    Thank you.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Time to ‘Celebrate Our Heritage’ at Strabane St Patrick’s Day Parade

    Source: Northern Ireland – City of Derry

    Time to ‘Celebrate Our Heritage’ at Strabane St Patrick’s Day Parade

    12 February 2025

    Final preparations are underway to make this year’s St Patrick’s Day parade in Strabane bigger and better than ever.

    The theme for this year’s parade is ‘Celebrating Our Heritage’ and over the last few months local schools, clubs, community groups, bands and individuals have been working hard creating eye-catching costumes and props, and practicing their dances and tunes in readiness for the 17th March.

    Schools taking part in this year’s parade include St Catherine’s PS, Holy Cross College, Sion Mills Integrated PS, Knockavoe School, and Gaelscoil Ui Dhochartaigh. Among the groups who will be participating are Sion Swifts, Sigersons GAA Club, Niamh Brown McGranaghan School of Irish Dance, Much Ado Performing Arts Academy and Class Act Theatre Group.

    Preparing the young people to step out with confidence on St Patrick’s Day are Streetwise Community Circus and the North West Carnival Initiative. Streetwise have been working with the local schoolchildren to teach them a variety of circus skills including juggling and stilt walking, they have also been guiding them in the intricacies of prop design. Around 120 children from local schools will take part in the parade, each will carry a prop they have created especially for the occasion.

    The North West Carnival Initiative have been working with the local sports clubs and dance/drama groups in preparation for their part in the day. They have been working with the groups to help them build props, costumes and banners which will be showcased during the parade.

    Providing music on the day will be a number of talented local bands. 

    Encouraging people to come out and enjoy the fabulous St Patrick’s Day Parade, the Mayor of Derry City and Strabane District Council, Cllr Lilian Seenoi Barr said: “We’ve all had enough of the cold, dark days of winter and we are ready to welcome the warmer days of Spring – what better way to greet the new season than with an incredible St Patrick’s Day Parade full of fun, colour, music and dance.

    “I would encourage everyone in Strabane to come out and celebrate our wonderful heritage and traditions with this special day. Please give your support to all the young people and individuals who have worked so hard to create this wonderful event for you to enjoy. I can guarantee even if the sun doesn’t shine that you’ll have a smile on your face!”.

    This year’s parade will depart from Holy Cross College at 2pm, it will make its way down the Melmount Road, along Bridge Street and Market Street, past Abercorn Square and along Railway Road before finishing at Dock Street.

    There will be activity in the Alley Theatre from 1.30-4.30pm with live music from CRAIC, face painting and Barry McGowan Art. 

    Later that evening the Strabane Drama Festival will continue at the Alley Theatre with The Whiteheaded Boy by Lennox Robinson presented by the Bart Players. Tickets for this performance and further information about the Drama Festival is available at www.alley-theatre.com.

    Full details of the Strabane St Patrick’s Day celebrations are available at www.derrystrabane.com/stpatricksdaystrabane and follow St Patrick’s Day Strabane on Facebook for all the latest information.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Rugby takeover at SAFC fan zone

    Source: City of Sunderland

    The Women’s Rugby World Cup trophy will be the star attraction at Sunderland AFC’s pre-match fan zone next month.

    The trophy’s appearance is part of a rugby takeover of the fan zone on International Women’s Day, on Saturday 8 March.

    Families coming along to the fan zone at the Beacon of Light ahead of the Sunderland v Cardiff City match will be able to try their hand at a whole range of exciting rugby inspired activities on the day.

    Councillor Beth Jones, Cabinet Member for Communities, Culture and Tourism at Sunderland City Council, said: “We’re thrilled to have secured the Women’s Rugby World Cup trophy for our fan zone takeover on International Women’s Day.

    “With just months to go until England’s Red Roses kick off the opening match of the Women’s Rugby World Cup at the Stadium of Light on Friday 22 August, the fan zone event is a great opportunity to showcase everything rugby has to offer.

    “Even if you don’t know anything about the sport, it’s a fantastic way to immerse yourself in all things rugby.

    “There’ll be something for everyone no matter what your age or ability, including walking rugby, fun fitness sessions with a rugby twist, children’s activities, tag rugby, and rugby skills on show from local clubs, as well as the chance to hear about the new T1 rugby offer coming soon to the city.

    “So this is a brilliant chance to come along and find out all about our Active Sunderland community rugby offer and learn more about our fantastic local rugby clubs. You’ll also be able to find out how to get tickets for the England v USA opening match. And, you can even have your photo taken with the Women’s Rugby World Cup trophy.”

    The Beacon of Light will be hosting the fan zone take over from 12.30-2.30pm on Saturday 8 March, with match-goers and non match-goers alike welcome to come along and join the fun. All activities are free. 

    Match-goers will also be able to see girls from Houghton Rugby Club’s under 12’s team demonstrating their rugby skills when they take to the pitch at the Stadium of Light at half time during the Cardiff City game.

    The fan zone takeover is being organised by the RFU, University of Sunderland, local rugby clubs, the Foundation of Light, SAFC, Sunderland BID, Newcastle Falcons and Sunderland City Council.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: ESFA Update: 12 February 2025

    Source: United Kingdom – Executive Government & Departments

    Latest information and actions from the Education and Skills Funding Agency for academies, schools, colleges, local authorities and further education providers.

    Applies to England

    Documents

    Details

    Latest for further education

    Article Title
    Information Update on post-16 funding arrangements
    Reminder Mid-year funding claim for 2024 to 2025

    Latest information for academies

    Article Title
    Action Submit your school resource management self-assessment checklist
    Information Update on post-16 funding arrangements
    Information Increase in employer National Insurance contributions
    Information Academy accounts return data from 2023 to 2024 is now available on the new financial benchmarking and insights tool
    Information Mid-year funding claim for 2024 to 2025
    Reminder View national funding formula for schools service is being retired
    Events and webinars Q&A drop-in sessions – academies chart of accounts and automation
    Events and webinars Financial management system (FMS) comparison matrix
    Events and webinars FMS comparison matrix
    Events and webinars Department for Education (DfE) academies chart of accounts mapping review workshop
    Events and webinars Risk protection arrangement (RPA) members only – summer fetes
    Events and webinars DfE energy for schools service  – simplified buying of gas and electricity
    Events and webinars Energy cost recovery services for your school
    Events and webinars RPA members only – mock trial
    Events and webinars Q&A drop-in session – academies chart of accounts and automation

    Latest information for local authorities

    Article Title
    Information Update on post-16 funding arrangements
    Information Increase in employer National Insurance contributions
    Information Updated early years benchmarking tool for 2024 to 2025
    Information Financial benchmarking and insights – conditions data, Cumbria and federations update
    Reminder Mid-year funding claim for 2024 to 2025
    Reminder View national funding formula for schools service is being retired
    Events and webinars Risk protection arrangement (RPA) members only – summer fetes
    Events and webinars Department for Education (DfE) energy for schools service – simplified buying of gas and electricity
    Events and webinars Energy cost recovery services for your school
    Events and webinars RPA members only – mock trial

    Updates to this page

    Published 12 February 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Historic interfaith peace accord presented to The King

    Source: United Kingdom – Executive Government & Departments

    Scottish Secretary present to witness signing

    Senior Muslim and Jewish denominational leaders in the UK have signed [11 February] a landmark agreement, The Drumlanrig Accord.

    The accord establishes a structured framework for sustained Muslim-Jewish collaboration, fostering deeper understanding and shared responsibility.

    Signed at Spencer House, the faith leaders subsequently presented a copy of the accord to His Majesty The King at Buckingham Palace.

    The initiative represents a deep and enduring commitment from the UK’s Jewish and Muslim communities to strengthen relationships, promote understanding, and work together for the common good. It is the outcome of a yearlong series of high-level meetings convened by Imam Dr Sayed Razawi, culminating in a retreat in January at Drumlanrig Castle, hosted by the Duke of Buccleuch. The Scottish Secretary joined the delegates at the event remotely.

    After witnessing the signing of the accord, Scottish Secretary Ian Murray said:

    It was a real privilege to witness the signing of this agreement between senior Muslim and Jewish leaders. It is a really important moment in interfaith relations. I was honoured to join delegates for part of their event at Drumlanrig Castle, and was impressed by the depth of commitment on all sides to ensure reconciliation and positive relationships. I know that all involved will continue to work together to deepen understanding and collaboration in Scotland and across the UK.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Philanthropy: Igniting the spark of renewal

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    Charity Commission CEO David Holdsworth discusses the power of philanthropy at The Beacon Philanthropy and Impact Forum 2025.

    Introduction

    Good afternoon, I am delighted to be here with you.

    I’d like to thank the Beacon Collaborative for bringing us together today, helping us think with many minds on one, urgent challenge: how to grow the value and impact of philanthropy in our nations and around the world.

    It is apt that we are meeting here at Guildhall, a place that speaks to the close relationship between commerce and charity in this city. The City Bridge Trust, administered by the Corporation of London, based here at Guildhall, made grants worth £30m to charities across the capital last year alone. Over the same period, the Lord Mayor’s Appeal, which works to encourage philanthropy in the city spent over £3m on projects designed to strengthen communities and cohesion across London.

    These initiatives recognise and reflect a key facet of the social contract in this country.

    Namely that with privilege and good fortune come responsibility. Our hosts, the Beacon Collaborative, put this in simple terms: “Our economy offers the freedom to create great wealth, but with reward must come responsibility.”

    That responsibility is not about sacrifice or denial. It is based on an understanding that we are all part of a wider community, an ecosystem of mutual dependence and support, on whose cohesion the success of our society – and all individual wellbeing – ultimately rests.

    A challenging sector landscape

    The Charity Commission stands at a unique vantage point, where the perspectives of charities, government, the public and donors meet.

    From this position, we see two trends.

    First, an incredibly challenging economic environment for the sector.

    Like other sectors, charities face inflationary pressures and rising operational costs.

    But charities are also dealing with increased demands for their services.

    And at the same time, public funding sources in particular are increasingly squeezed.

    The cumulative impact of these trends on charities is, in some cases, extremely challenging.

    Take arts and culture, a particular passion of mine. Between 2010 and 2023, grant in aid funding for UK arts and cultural organisations fell by 18%. Local government revenue funding of culture and related services have also decreased by 48% in England, and 40% in Wales.

    It’s important to acknowledge that these cuts have come amid very challenging public finances, with tough choices having to be made. But the impact on the sector is undeniable.

    Other sub-sectors are especially vulnerable, too.

    Last summer, we learnt that one in five hospices in the UK have cut or closed their services in the last year or are planning to do so. 

    In October, Getting on Board, which for twenty years played a crucial role in encouraging new talent into trusteeship, announced it could no longer continue to operate.

    The case for philanthropy

    Our second observation, though open to some debate, is a perception that high-net worth philanthropy has declined in recent years.

    To be clear, the UK remains, according to some but not all measures, among the most generous group of nations on the planet, funding a thriving and vibrant charitable sector.

    In total, charities in England and Wales last year managed over £90 billion in annual income. The contribution of charity and voluntary organisations as a percentage of GDP is greater, according to some measures, than the entire agricultural sector of the UK.

    But the proportion of those giving seems to be falling.     

    For some years, The Charities Aid Foundation – who fulfil such a valuable role in producing research about the sector, and of course in supporting occasions such as this – have published reports pointing to a declining number of donors.

    CAF’s latest report finds that, while the overall value of giving is holding up in real terms – in 2023 people donated at least £13bn to charity – fewer people are giving.

    Separately, there is evidence suggesting that the top one percent of asset owners and earners in our country give less than their counterparts in equivalent societies, such as New Zealand and Canada. Some have suggested that there is a £5 billion gap between giving in the UK and in those two countries.

    Previous research has indicated an overall decline in the value of donations by the top one percent of earners, despite increases in their income. And the latest UK giving report, just mentioned, finds that that some of the least affluent parts of the UK are among the most generous.

    In summary, by a number of metrics, it seems likely that while charitable giving is just about holding up, high net worth philanthropy is proving less robust.

    The potential of philanthropy

    But this challenging context provides for a once-in-several generations opportunity.

    For while there may be huge challenge, there is also huge potential, right now, for a new era of philanthropy to tackle our most intractable social challenges. We have the opportunity to resource and re-ignite the potential of our communities, through a renewed collaborative approach between our amazing charitable sector, corporate donors, philanthropists, communities and government.

    The potential of philanthropy lies not just in the immediate financial boost it might offer the individual charities.

    But in the agility and flexibility, the innovation and creativity it can encourage, inspire and unleash.  

    I think, as a nation, it is time to re-embrace the long and proud history of philanthropic impact, revive it, unleash it and celebrate it for our times.   

    I speak from personal experience as to the benefits philanthropy can bring.

    I grew up in Liverpool in the 1980s. The city was then in post-industrial decline, and it felt in many ways forgotten and neglected by many. It had, arguably, lost its sense of purpose.  

    Today my home city is transformed. And that transformation happened through a combination of philanthropic investments, national and local government investment, alongside renewed community action notably in the arts, culture and tourism which acted as catalysts for wider renewal.

    Financial and cultural investment in Liverpool in turn led to an expansion in higher education provision, an influx of international students and therefore an increasingly skilled workforce.

    Liverpool is now in the process of a next phase of transformation. National non-governmental bodies have moved their HQs to the city, and life science industries are investing. Things are moving and changing thanks to that initial spark provided through philanthropy.

    It shows that philanthropy and charity is ever evolving and finding new models, new ways to deliver real and lasting impact. That philanthropy and charity are not just about handouts, but hand-ups and start-ups, with the power to unleash peoples’ and communities’ potential.

    To return to arts and culture, a sector that is now highly reliant on major gifts and sponsorships.

    The Donmar, for example, lost its council funding in 2022. Now, any work that is not revenue generating must have its costs covered by fundraising. Corporate sponsorship has stepped in and is helping to ensure that the Donmar can continue to invest in its talent development programmes – providing paid traineeships to those underrepresented in the arts industry – and its community work in Camden and Westminster, offering free engagement programmes to over 5,000 young people every year.

    Great charitable work, only possible now thanks to philanthropy.

    Of course, philanthropy alone cannot make a city or a community, or reverse a social ill. But it can act as a spark that re-ignites hope and confidence and gives a community the confidence to revive itself, and to unleash its potential to adapt to changing economic, political and social circumstances.

    The mechanisms for this particular role of philanthropy are varied.

    First, philanthropists can do what other funders – notably public sector funders – cannot.

    They can take risks and innovate, work out new solutions to deep-rooted problems by trying and testing.

    They can support charities’ core costs, helping them develop long-term viability and stability, rather than living only from one grant to the next.

    And philanthropists can sow seeds – offering large, one-off donations that allow new charities to get off the ground, or established charities to plan for the long term.

    Celebrating philanthropy

    So again, whilst there are challenges, there is much to recognise and celebrate.

    For example, I am moved to see corporate philanthropy combine with public generosity, community campaigning, media engagement and political interest – as well as support from the Charity Commission – to breathe new life into Zoe’s Place in Liverpool.

    The charity provides end of life hospice care to babies and young children, bringing children and their families comfort and relief in incredibly challenging circumstances. It had faced closure in Liverpool, due to the spiralling costs of new accommodation.

    Together, campaigners raised £6m in a month before Christmas, allowing the charity to continue.

    It was an amazing effort, that would not have been possible without philanthropic contributions.

    Similarly, I am deeply impressed with the work of the Moondance Foundation. Founded in 2010 by Diane and Henry Engelhardt, the charity has given away a remarkable £145 million, most of which has gone to support and strengthen communities in Wales, which is the family’s chosen, adoptive home. In December last year, we visited small community organisations in Port Talbot, Swansea, and Bridgend that have all benefited from this extraordinary generosity.

    Their example shows that love of a place, responsibility and commitment to a community is a matter of heart, not necessarily heritage.

    I would also like to mention here the work of the late Julia Rausing, who sadly passed away last year, leaving an immense legacy of generosity and kindness. She was an example to others, not just in how much she helped give away, but how – her sense of urgency and oversight ensured funds, where needed, were swiftly dispatched and carefully accounted for. 

    Or the musician Stormzy, who has given back of his wealth and influence to promote education and opportunity among young people.

    And I must mention the Commission’s own board member Rory Brooks, who recently donated £2m to the Global Development Institute at The University of Manchester. He will not thank me for including his example here, but in his absence, Rory – if you want to promote philanthropy, you must let us celebrate your own example.

    The Commission’s ongoing commitment to promoting philanthropy

    I know many in the philanthropy world have been wondering what Orlando’s departure as Chair later this year means for our work in this area.

    First, I would like to acknowledge the significant contribution Orlando has made to public discourse on philanthropy during his time in office.

    Orlando has used his authority and his voice as Chair of the Charity Commission to ensure philanthropy is seen and understood as one of the solutions to the urgent issues of our day.

    And he has made a compelling case for the responsibilities and opportunities the Commission has to convene public debate on this issue.

    So I know many in the world of philanthropy and beyond are very sorry to see Orlando move on from the Commission.

    But let me make very clear.

    The work he began will continue.

    I, and the Commission’s Board, are determined to deliver on the commitment made in our corporate strategy to encourage trusteeship and amplify donor and philanthropic confidence through our work.

    I am bound by them, not just by professional duty, but by personal conviction. A regulator must enable, encourage, unleash as well as enforce.

    I am grateful to Rory Brooks, as I’ve mentioned a remarkable philanthropist in his own right, who as a member of the Commission’s board is spearheading much of this work.

    Rory’s diligent commitment over the past two years has borne much fruit.

    I am convinced that his quiet powers of persuasion have contributed to a changing public discourse on philanthropy.

    A renewed understanding, on all sides of the political divide, that private wealth, voluntarily given, is part of the solution to some of the most entrenched of our social ills.

    The new government has demonstrated its interest in philanthropy, particularly in geographical areas that are struggling to attract funding. We heard earlier from Minister Peacock about the government’s commitment to producing a place-based philanthropy strategy, more details of which we expect to hear about over the coming months.

    The Commission’s role and work

    But for our own part, what are we collectively doing at the Commission to promote philanthropy?

    Promoting the UK as a great place to give

    First, we have a role in ensuring, and demonstrating, that the UK remains among the best and safest places to give.

    We have a robust, long-established regulatory infrastructure, which ensures transparency – not least through the accounting framework – and which gives donors confidence that there is oversight over the funds that charities receive.

    That infrastructure stretches beyond the work of the Commission alone – other principal regulators, such as the Department for Culture Media and Sport and the Office for Students, play an important role in regulating vital sub-sectors in the field of culture, arts and heritage, as do auditors and independent examiners working to regulatory requirements.

    In that context, the UK is also a centre of excellence for professional services – we boast among the best lawyers, financial advisors and wealth managers in the world.

    There is room for more active input from these professionals in promoting philanthropy.

    In the legal world, especially, there is an opportunity for those advising on transactions involving significant assets to actively introduce and encourage philanthropic considerations.

    But overall, the system we have in place means philanthropists from all over the world, can have confidence in investing their goodwill and generosity into UK based charities – many of which, of course, operate globally.

    Supporting charities to improve governance

    Second, we help trustees understand their legal duties and sustain and improve their charities’ governance.

    Last year, we published guidance supporting trustees to make the right choices on accepting, refusing and returning donations. That guidance reflected the law in being explicit about the starting point that charities should accept donations.

    It is for trustees to make decisions as to what is in their charity’s best interests. Sometimes, trustees may well conclude that they should not accept a philanthropist’s support. But we wanted our guidance to be clear that the law assumes donations to charities to be generally a good thing.

    We wanted to support trustees to say yes to donations where, having carefully weighed up the relevant factors, it is in their charity’s best interests – even where it might be contentious or controversial for some.

    And I think that reminder is salutary at the present time, given the challenging financial context I set out earlier.

    The last thing I want to see on my watch at the Commission is charities – including world leading arts and cultural organisations which have long benefited from philanthropic generosity – finding they can no longer operate successfully, because donations are withheld for fear of being rejected.

    So I encourage those giving – whether individual philanthropists or corporate donors – to continue to do so even when there may be those who disagree with such donations from a point of personal principle or conviction. It is the benefit of democracy that we can disagree while still each exercising our individual freedoms and still do good for charity, our communities and those most in need.

    To help enable this, we hope our guidance will inform a giving culture, but also a receiving culture, that allows for constructive discussion in the best long term interests of charity.

    Delivering data-led insights

    Thirdly, the Commission maintains, to our knowledge, the most complete and comprehensive charity data set anywhere in the world. Although this presents its own challenges, we’re also keen to recognise the opportunities for collaboration with partner organisations.

    Over the last 18 months, Rory has led two summits focusing on the Commission’s data, our ongoing digital projects, and how we plan to help the sector make more informed funding decisions.

    I know, for instance, the impact that digitisation of charity accounts will have for those working with charity data and that is why it remains such a priority for us.

    These summits give us fascinating insights into how the philanthropy sector uses, and would like to use, charity data. In the near future we will see an early outcome of this work, with new data drawn from charities’ annual returns on the value of their single largest donation received during that year.

    This data over time will not just provide useful insights in to trends in philanthropy, but will, I hope, serve as inspiration to existing and potential philanthropists to give with heart and confidence.

    Convening role, working with government

    A final aspect of the Commission’s role that I am especially keen to promote is that of convenor.

    We have a unique ability to help bring together the sector, government, philanthropists and donors as well as experts such as our hosts Beacon and the Charities Aid Foundation to consider, together, how we can encourage those with great wealth to choose the UK as a place to leave a legacy.

    It has begun with the work I mentioned on data, but we want to go further and  identify other focus areas, bringing together those with the passion and capability to drive progress. Specifically, we are keen to continue to work alongside other players to support government and other policy makers to ensure giving is incentivised and celebrated.  

    Conclusion

    So in conclusion, despite the challenges, I believe we have a generational opportunity to revive and reignite our proud history of philanthropic giving for a modern age.

    To build on the many recent examples of joined up action, be it placed-based or issue-based, which sees philanthropy, community, business, media, politicians come together to unleash potential, solve issues or spark renewal.

    It is the power of that collective action, that joined-up approach to today’s challenges, that this generation of philanthropists and charities can use to continue to achieve the seemingly impossible, to improve the lives of many and unleash the spark of hope, innovation and opportunity.

    As the CEO of the Commission I promise you we will be there beside you, playing our part, enabling you to do the amazing things you do for the benefit of society.

    We at the Commission will also help ensure that this growing band of philanthropists feel proud of their achievements, and use our platform to shout about them – encouraging others to follow suit. So to all of you who give, to those professionals that advise and support giving – thank you – never under-estimate the impact you have – and the opportunity you enable.

    Thank you.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Avian Influenza Housing Measures Expanded

    Source: United Kingdom – Executive Government & Departments

    Housing measures for birds announced in Herefordshire, Worcestershire, Cheshire, Merseyside and Lancashire

    In response to increased findings of highly pathogenic avian influenza (’bird flu’) in wild birds and new cases in poultry and kept birds, coupled with heightened risk levels, the Avian Influenza housing measures are being extended to mitigate the risk of further outbreaks of the disease.

    This means that from midnight (00:01) on Sunday 16th February keepers in Herefordshire, Worcestershire, Cheshire, Merseyside and Lancashire must house their birds and continue to follow the strictest security as required by the Avian Influenza Prevention Zone (AIPZ)

    This in addition to those housing measures already in place across East Riding of Yorkshire, City of Kingston Upon Hull, Lincolnshire, Norfolk, Suffolk, Shropshire, York and North Yorkshire.

    An AIPZ mandating enhanced biosecurity but without mandatory housing remains in place across all other areas of England (mandatory housing still applies in any 3km Protection Zone surrounding an infected premises). Bird gatherings across the UK are also now restricted and must not take place.

    The AIPZ measures apply to all bird keepers whether they have pet birds, commercial flocks or just a few birds in a backyard flock and are essential to protecting flocks from avian influenza.

    UK Chief Veterinary Officer, Christine Middlemiss said:

    Following the continued increasing number of bird flu cases across England, particularly in areas of concentrated poultry farming, we are now extending housing measures further.

    Bird keepers are reminded to continue remaining vigilant to any signs of disease, check which requirements apply to them while continuing to exercise robust biosecurity measures and ensure you report suspected disease immediately to the Animal and Plant Health Agency.

    The AIPZs will be in place until further notice and will be kept under regular review as part of the government’s work to monitor and manage the risks of avian influenza.

    Keepers are encouraged to take action to prevent bird flu and stop it spreading. Be vigilant for signs of disease and report it to keep your birds safe

    Check if you’re in a bird flu disease zone on the map and check details  of the restrictions and gov.uk/birdflu for further advice and information.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: TUV tables Commons motion on preposterous coroner’s verdict

    Source: Traditional Unionist Voice – Northern Ireland

    TUV leader and North Antrim MP Jim Allister today tabled the following motion in the Commons:

    That this House notes the coroner’s ruling in the case involving the death of four fully armed IRA terrorists who had launched a murderous attack on a police station; thanks the SAS for their courageous service in talking terrorism in Northern Ireland; further notes the utilisation of the coronial service and lawfare to vilify the security forces; and calls on the Government to stand up for those who risked their lives to defeat terrorism.

    MIL OSI United Kingdom

  • MIL-OSI: Intermex to Release Fourth Quarter and Full Year 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 12, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading omnichannel money remittance services company, will release Fourth Quarter and Full Year 2024 earnings before the start of trading on Wednesday, February 26, 2025. The Intermex management team will be hosting a conference call on the same day at 9:00 AM ET.

    Interested parties are invited to join the conference and gain firsthand knowledge about Intermex’s financial performance and operational achievements through the following channels:

    • A live broadcast of the conference call may be accessed via the Investor Relations section of Intermex’s website at https://investors.intermexonline.com/.
    • To participate in the live conference call via telephone, please register HERE. Upon registering, a dial-in number and unique PIN will be provided to join the conference call.
    • Following the conference call, an archived webcast of the call will be available for one year on Intermex’s website at https://investors.intermexonline.com/.

    Investor Day Event

    On the same day, Intermex will host an Investor Day at The Westin New York at Times Square, beginning at 1:00 PM ET. Management will provide strategic updates, insights into key business areas, and future growth opportunities.

    The in-person event is open to institutional investors and research analysts. A live stream and supporting materials will be available for those unable to attend the live event at https://edge.media-server.com/mmc/p/5ymy6w9u. Please note that remote attendees will have listen-only access, as the Q&A session will be reserved for in-person attendees.

    To register for in-person attendance, contact Laurie Berman of PondelWilkinson at lberman@pondel.com or 310-279-5980.

    As part of its ongoing commitment to maximizing shareholder value, Intermex continues to evaluate strategic alternatives. This review may include, among other options, a potential sale, spin-off, or other strategic transaction. The process is ongoing, with no set deadline or definitive timeline for completion. There is no assurance that this review will result in any specific transaction or outcome.

    About International Money Express, Inc.
    Founded in 1994, Intermex applies proprietary technology enabling consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom and Germany to more than 60 countries. The Company provides the digital movement of money through the Company’s website and mobile app, as well as through its network of agent retailers in the United States, Canada, Spain, Italy, the United Kingdom and Germany, and its Company-operated stores. Transactions are fulfilled and paid through thousands of retail locations and banks around the world. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, London, England, and Madrid, Spain. For more information about Intermex, please visit www.intermexonline.com.

    Investor Relations:
    Alex Sadowski
    Investor Relations Coordinator
    ir@intermexusa.com
    tel. 305-671-8000

    The MIL Network

  • MIL-OSI United Kingdom: New Council homes completed in Kinross

    Source: Scotland – City of Perth

    The new houses for affordable social rent at Kepitknow Crescent have been bought by the Council at the development built by Persimmon Homes.

    The four 3-bed and two 2-bed homes were handed over to the Council today (February 12th) during a visit by Housing and Social Wellbeing Convener, Councillor Tom McEwan.  

    The properties were purchased ‘off the shelf’ from the developer. They have been built to the highest standard, with energy efficiency measures included which will keep tenants’ bills as low as possible and reduce the carbon footprint of the development.

    All of the houses have spaces included that can be used for a home office, reflecting the requirements of modern living.

    Councillor McEwan said: “As a Council we are committed to increasing the number of homes for affordable social rent right across Perth and Kinross, and we are doing this in a number of ways.

    “Our programme of building new Council homes has provided an additional 500 houses and flats since 2012. Our innovative scheme to buy-back ex-Council properties has seen hundreds of new properties added to our housing stock, and we also work hard to bring empty properties back into use as Council housing.

    “Another way to boost affordable social housing numbers is to buy homes “off the shelf” from developers, like we have done here in Kinross. We have invested £1.4m in the homes on this modern new development and is fantastic to see them completed and keys being handed over to tenants. The houses, built to a very high specification, will provide us with valuable affordable housing for tenants in an area of high demand.”

    James MacKay, Persimmon North Scotland Managing Director, said: “We are pleased to be working with Perth and Kinross Council to deliver high-quality, affordable homes for local people.

    “Collaboration is crucial to increasing housing supply and we’re committed to working closely with our partners to deliver the homes that people need.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Regulator to investigate Christian aid charity over unexplained spending

    Source: United Kingdom – Executive Government & Departments

    The Charity Commission has opened a statutory inquiry into Total Healing World Outreach over concerns about financial decisions.

    Total Healing World Outreach was established to advance the Christian faith in the UK and overseas, and to prevent and relieve poverty.

    The Charity regulator for England and Wales began engaging with the charity in June 2023 as trustees had failed to supply the charity’s accounts and financial information on time every year since its registration, except for the year ending July 2023.

    The Charity Commission has now escalated its engagement to a statutory inquiry after a financial analysis uncovered so far unexplained payments made to several individuals and companies. The inquiry will examine the charity’s finances in more detail, including whether the loans taken out by the trustees were in the charity’s best interests.

    The investigation will also consider if trustees are complying with their legal duties in respect of the administration, governance and management of the charity, specifically looking at:

    • the charity’s financial management, including the extent of any related party transactions, unauthorised trustee personal benefit and the trustees’ compliance with their legal obligations to file the charity’s accounts and annual returns on time and to an appropriate standard
    • if the trustees are adequately managing the charity in accordance with its governing document and in accordance with their legal duties
    • the extent to which any failings or weaknesses identified in the administration of the charity are a result of misconduct and/or mismanagement by the trustees

    The Commission may extend the scope of either inquiry if additional regulatory issues emerge.

    It is the Commission’s policy, after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were. 

    ENDS

    Notes to editors

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society. Find out more: About us – The Charity Commission – GOV.UK
    2. On 15th January 2025, the Charity Commission opened a statutory inquiry into the charity under section 46 of the Charities Act 2011 as a result of its regulatory concerns that there is or has been misconduct and/or mismanagement in the administration of the charity.
    3. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation.
    4. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Royalty Pharma Announces R&D Funding Collaboration With Biogen

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced that it has entered into an agreement with Biogen to provide research and development (R&D) funding of up to $250 million for litifilimab, a first-in-class investigational drug candidate in Phase 3 with demonstrated proof-of-concept in both systemic lupus erythematosus (SLE) and cutaneous lupus erythematosus (CLE).

    “We are excited to collaborate with Biogen on litifilimab,” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “Royalty Pharma offers tailored, win-win funding solutions for promising therapies in areas of high unmet medical need. Litifilimab has the potential to significantly improve treatment outcomes for patients living with lupus, and we are excited to support its Phase 3 development through this funding collaboration.”

    “This agreement highlights Biogen’s growing lupus portfolio and the potential of litifilimab, with its distinct mechanism of action, to address SLE and CLE – two forms of lupus where there are currently insufficient treatment options,” said Priya Singhal, M.D., M.P.H., Head of Development at Biogen. “We know patients are waiting, and this investment further supports the advancement of this promising investigational treatment through critical development stages.”

    Litifilimab is currently in Phase 3 trials for both SLE and CLE with results expected between 2026 and 2027. With a differentiated mechanism of action, litifilimab demonstrated proof of concept and a generally well-tolerated safety profile in SLE and CLE with results published in the New England Journal of Medicine1. Importantly, SLE is estimated to affect greater than 3 million patients worldwide. There are no targeted biologics specifically approved for CLE where litifilimab has the potential to be a first-in-disease medicine for these patients.

    Transaction Terms

    Royalty Pharma will provide up to $250 million over six quarters to Biogen to support the development of litifilimab in exchange for regulatory milestones and mid-single digit royalties on annual worldwide sales.

    Advisors

    Goodwin Procter, Dechert and Maiwald acted as legal advisors to Royalty Pharma.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates.

    Forward-Looking Statements

    The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this document unless stated otherwise, and neither the delivery of this document at any time, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. This document contains statements that constitute “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995, including statements that express the company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, in contrast with statements that reflect historical facts. Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities, market growth, and plans for capital deployment. In some cases, you can identify such forward-looking statements by terminology such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “target,” “forecast,” “guidance,” “goal,” “predicts,” “project,” “potential” or “continue,” the negative of these terms or similar expressions. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to the company. However, these forward-looking statements are not a guarantee of Royalty Pharma’s performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances, and other factors. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of Royalty Pharma’s control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this document are made only as of the date hereof. Royalty Pharma does not undertake, and specifically declines, any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments, except as required by law. For further information, please reference Royalty Pharma’s reports and documents filed with the U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR on the SEC’s website at www.sec.gov.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    _______________________
    1Trial of Anti-BDCA2 Antibody Litifilimab for Systemic Lupus Erythematosus, New England Journal of Medicine, 9/7/2022; Trial of Anti-BDCA2 Antibody Litifilimab for Cutaneous Lupus Erythematosus, New England Journal of Medicine, 7/27/2022

    The MIL Network

  • MIL-OSI United Kingdom: New Season of Drama at The Guild Lounge

    Source: City of Preston

    A line-up of great drama productions to continue the Guild Lounge tradition

    The Guild Lounge is set to captivate audiences with an exciting new season of drama events, featuring a diverse lineup of theatrical performances. This season promises gripping storytelling, offering something for every theatre enthusiast.

    The upcoming programme includes:

    Truly Jack The Ripper

    A thrilling theatrical retelling of the infamous Whitechapel murders, delving deep into the mystery and horror of history’s most notorious serial killer. In this theatrical shocker, award-winning actor Jonathan Goodwin plays different characters and explores the murders and the myths of the infamous Jack the Ripper.

    Sherlock Strikes Back

    The world’s greatest detective returns in an original adventure, blending intrigue, wit, and deduction to challenge audiences at every turn. Be puzzled by the mysterious Red-Headed League, then join Holmes as he matches wits with the nefarious Professor Moriarty and Colonel Moran.

    Guy Fawkes’ Mother

    One woman has a story to tell, she’s the mother of the most famous terrorist in England. A dramatic exploration of the Gunpowder Plot through the eyes of Edith Fawkes, shedding new light on one of Britain’s most famous conspiracies.

    The 39 Steps

    A fast-paced and inventive adaptation of the classic spy thriller, bringing humour, suspense, and action to the stage in a uniquely engaging performance.

    The Guild Lounge continues its tradition of hosting high-quality theatrical productions, providing audiences with an intimate and atmospheric venue to enjoy live drama. This season’s lineup showcases a mix of historical and original storytelling, ensuring an exciting experience for all.

    Tickets for upcoming events are now on sale.

    For more information about The Guild Lounge, please visit The Guild Hall – Guild Lounge.

    You can also follow The Guild Hall on their socials at: Facebook – The Guild Hall Preston, Instagram – The Guild Hall Preston, X – The Guild Hall Preston.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Report completion marks next stage of Grade I city monument works plan

    Source: City of Winchester

    Proposed conservation, landscape improvement and cleaning works at another of Winchester’s most important historic structures are progressing.  

    Winchester City Council commissioned a specialist report about required works to Hyde Abbey Gateway, a Grade I listed Scheduled Ancient Monument which comprises a covered archway with a side pedestrian gate, and a secure chamber on the south-eastern side.  

    Hyde Abbey Gateway 

    The report details proposals for inside and outside the monument including netting to deter pigeons, wall conservation, new drainage and lighting, and the replacement of the interpretation boards which explain the building’s history to visitors.

    Hyde Abbey Gateway, which is thought to date back to the 15th century, is one of the few remaining parts of mediaeval monastery Hyde Abbey that are visible above ground. The Abbey was dissolved and demolished in 1538 during the reign of Henry VIII.  

    The gatehouse section later also marked the entrance to Hyde House until that house was demolished in 1769. 

    Cllr Martin Tod, Leader of Winchester City Council, said: “We’re lucky in Winchester to be custodians of such an interesting piece of history – and I’m grateful to all the people who’ve worked on such carefully and sensitively thought-through plans.

    “We are very lucky that Winchester is home to some really impressive landmarks of historical importance and it’s right that we manage them careful and sensitively. It’s good to see such detailed plans for Hyde Abbey Gateway alongside our recent consent from Historic England to repair another of our historic monuments – the Buttercross.”

    The plan will now be submitted to Historic England to obtain their official scheduled monument consent to carry out the works.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Play Area Improvements

    Source: Scotland – City of Dundee

    Over £500,000 of upgrades to play areas across Dundee could be in place to encourage local families get out and get active in the early summer.

    Plans have been informed by neighbourhood feedback as well as play surveys and proposals are designed to provide more inclusive equipment.

    A number of facilities would be improved across city communities if councillors approve reports at a meeting on Monday February 17.

    For a total tender cost of £137,500, proposals for  Pitairlie Park Play Area would see new landmark play items installed, with a particular focus on inclusive play as well as tree planting to enhance the park.

    A £145,000 tender is being put forward for the Longhaugh Road Play Area, with new play items, more inclusive play equipment, new seating areas and tree planting planned to enhance the park.

    Meanwhile, £231,000 of improvements are being proposed for other city playparks including:

    • Fairbairn Street Play Area – two new inclusive “springies”, new sensory panels, linemarking trail
    • Kinpurnie Place Play Area – new climbing unit with associated safety surfacing, and sensory panels
    • Moncur Crescent Play Area – new wheelchair inclusive roundabout with associated safety surfacing, agility trail, communication panel
    • Lawton Road Play Area – new agility trail and sensory panels
    • Rosebank Street Play Area – new agility trail, and sensory panels
    • Lochee Park Play Area – new double cableway, agility trail, communication panel and sheltered seating area

    All areas would also see the enhancement of existing equipment. If approved, work would start on all the areas in March, with completion expected in June.

    The Fair Work, Economic Growth and Infrastructure Commitee will also consider a sourcing strategy for the procurement of play equipment for Longhaugh Road, Pitairlie Road, as well as for Baxter Park. Councillors will be told that the method suggested to supply the equipment would save approximately 20%.

    Committee convener Cllr Steven Rome said: “These are tremendous plans to encourage families get outside and be active across our communities.

    “This will have real benefits for both physical and mental health. “The provision of inclusive play equipment is a crucial component of these proposals.

    “The council listened carefully to what people in these areas had to say and the tenders reflect this local feedback.”

    MIL OSI United Kingdom

  • MIL-OSI Economics: Andrew Bailey: Are we underestimating changes in financial markets?

    Source: Bank for International Settlements

    I am going to spend most of the time today setting out the scale and significance of changes in financial market activity in recent years, and what this means for financial stability. My main message is that the significance of these changes has not been fully taken on board in many assessments of the challenges facing financial stability and the tools we need to assess the risks the changes have created. I will also put these issues into some broader context, around the role of central banks and of regulation.

    An important theme here is that of moving to a financial system in which the presence and impact of non-banks and market-based finance is much larger. In this context, I will set out the importance of two recent Bank of England innovations which are I think pioneering in the central banking world: these are our System Wide Exploratory Scenario, a new form of stress test tool, and the introduction of our new contingent liquidity facility for some non-banks. There is another important area of focus involving non-bank finance, namely the growth of private credit. That is not my focus today.

    Let me start with the broader context. Four points stand out.

    First, we have learned from long experience that central banks have two core purposes, monetary and financial stability, and that while policies in respect of each need to be focused and thus separate, they are dependent on one another to a very high degree. Specifically, for much of the existence of central banks, financial stability has not had the prominence or institutional development that has occurred with monetary policy. Even today, it can at times feel as if it is living in the shadow. Some central banks, like the
    Bank of England, have gone further and operate with an institutional structure that ensures equal ranking across the two core purposes, but that is by no means universal.

    Second, central banking is inherently a counter-cyclical activity. It took time for this to become monetary orthodoxy in the nineteenth century, and even more time for it to become explicitly part of the macroprudential approach to financial stability after the experience of the Global Financial Crisis (GFC) over 15 years ago.

    Third, central banking policy making has to incorporate a substantial global context. Ultimately, the policies are national ones, but they have to reflect and incorporate global risks and events. This has been the case since at least the 1870s, which saw probably the first globally synchronised financial crisis. Global standards are an anchor for national standards. Set right, they facilitate openness and economic growth.

    Fourth, one of the orthodoxies of central banking is that we act as the ultimate providers of liquidity to our banking system. In doing so, we seek to achieve our critical outcomes, namely: implementing the chosen official interest rate as the means to anchor monetary policy and achieve low inflation and price stability; achieving financial stability via the provision of high quality liquidity in the form of so-called central bank money; and third, achieving and preserving the singleness of money, so that all forms of money have an assured equal nominal value (the pound in my bank is worth the same as the pound in your bank, and will remain so).

    It has over time become central bank canon law that we transact with banks. In other words, the banking system has a special place, as the conduit for the transmission of central bank policies. This is the central bank equivalent of the old Heineken advert, “Refreshes the Parts Other Beers Cannot Reach”. The key point here is the assumption that in all states of the world – non-stressed and stressed – central bank liquidity supplied through the banks would reach those parts of the financial system and economy in need.

    Moreover, you don’t have to go far back in time, certainly not to the start of my career forty years ago, to find that the Bank of England’s interface was with a small number of banks – though admittedly they represented a large share of the system (and in saying that I am deliberately overlooking the role of discount houses – a rather unique British feature). During the operation of these arrangements, there were times when strains in terms of the efficiency of the liquidity flow were evident, but for a long time this system held together.

    However, over time the issue of whether financial stability policies which are aimed at the banking system can be relied upon to ensure stability across the whole financial system has come increasingly to the forefront. In this sense, the issue is not new. This year marks forty years since I joined the Bank of England. One of the first things I worked on after joining in 1985 was to have a very small role in a BIS study called Recent Innovations in International Banking, chaired by Sam Cross of the New York Fed. In thinking about my remarks today, I went back to that report – after a long break – and particularly the conclusions it drew on so-called macro-prudential policy, and the role of the non-bank financial system. It’s worth drawing out again five points made in the report:

    • With the highest quality borrowers increasingly turning to direct credit markets, the average quality of banks’ loan assets may gradually decline by comparison;
    • In view of its narrower base, the international banking system might become less responsive to sudden liquidity needs or other shocks in the corporate or other borrowing sectors;
    • A greater share of credit is likely to flow through capital market channels, which may be characterised by less supervision, but less complete information on which to base credit decisions, and by more distant business relationships between debtor and creditor, perhaps complicating the task of arranging rescheduling or financing packages for those with debt servicing problems;
    • Both banks and non-bank financial institutions (NBFIs) are relying more on income from off-balance sheet business; and
    • The distinction between banks and other financial institutions is becoming progressively blurred.

    Sounds familiar? Bear in mind, this was written 20 years before the GFC. As a spoiler for what’s to come, I asked myself the question, what did the report miss that we now know? Two things stand out I think: the growth of leverage in the non-bank sector; and the growth of markets in sovereign tradeable debt – the report was focused much more on corporate debt.

    So, what happened after that report was published? The regulatory world focused more on regulating financial stability through regulating the banking system. This was the emerging world of the Basel Agreements. The GFC rocked that world.

    Out of that experience came several things: more Basel, in terms of microprudential regulation; mandatory clearing and placing clearing houses at the centre of the system to enhance resilience; a much enhanced focus on global macro financial stability, with the Financial Stability Board to the forefront; and a recognition that there needs to be a more explicit role for macroprudential policy.

    What also came out of the GFC and post-GFC policies was a further shift in the balance of financial intermediation from the banking to the non-banking system, with the non-bank sector now making up nearly 50% of global financial assets compared to 40% for the banking sector. And so for the last fifteen years we have increasingly seen the emergence of risks to financial stability originating in the non-bank system.

    This is the backdrop to the next section of my remarks today, which seeks to draw out just how much the system has changed in the last few years.

    The key theme here is how much activity and risk in core financial markets now largely resides outside the banking system. This is not a new theme, given the post GFC changes, and it was the correct response to the dangers realised in the GFC of inappropriate risk inside the banking system. Our assessment is that the pace and scale of change in this direction continues to gather momentum. The footprint of hedge funds and non-bank market makers has grown substantially in recent years. Alongside this, what I will – without in any sense wishing to be disparaging – call the more traditional asset management industry has refocused towards passive investment strategies. Meanwhile, the role of banks has shifted towards providing risk warehousing and financing to markets and NBFIs. These are fundamental changes in the dynamics of markets.

    Three non-bank business models stand out as dominant players in this rapidly evolving landscape.

    First, we’ve seen the rise of multi-manager hedge funds in which individual portfolio managers – or “pods” – trade independently from one another under the banner of a single fund. These funds are large, sophisticated and manage risk centrally to ensure sufficient diversification. Their diversification means that they can benefit from a high degree of leverage from banks. They’ve also benefitted from an influx of talent from banks. There are benefits of this type of fund structure. It is a world where more and more portfolio managers operate under sophisticated umbrella risk management which can lean against large fund-level concentrations. However, there could be circumstances in which the means by which multi-manager funds protect themselves in this respect can create risks to the system. Specifically, where risk management results in pods de-risking aggressively in a shock, this could result in these funds amplifying market moves.

    Second, systematic strategies which trade based on complex statistical models and rules and market signals rather than fundamentals are becoming more popular. These strategies were at one time the preserve of the FX and equity markets but are now becoming more prevalent in the fixed income world enabled by technological innovation. Their presence has increased the speed at which markets react as well as the number of instances of technical-driven corrections that are difficult to explain based on the fundamental outlook. They too obtain a high degree of leverage from banks.

    Third, non-bank market makers, notably high frequency and principal trading firms, have grown substantially in scale and scope globally. They previously undertook intra-day market activity but are now moving into carrying risk for longer periods of time. Market liquidity in normal times appears to have improved because of their presence. To illustrate this, throughout the substantial movements in bond yields during recent months we have not seen stress in terms of market functioning. The evidence of whether these entities help or hinder market liquidity in stress is more mixed.

    Whilst the growing scale of these non-bank exposures has been absorbed by banks acting as prime brokers so far, such trends, if they continue, could have a profound effect on banks ‘ balance sheet capacity in the future.  As fund leverage increases and risk asset prices rise inexorably over time, there comes a point at which an inevitable strain is placed upon the system.  An excess of demand for financing resources over their supply could lead to repricing, tempting existing players to overreach and take on more risk than they should. Conversely, new entrants which are ill equipped to scale up quickly could be exposed to risks that could be highly damaging.

    In sum, the market looks very different to what it was only five years ago. It involves large shifts in leverage, pricing power, speed of trading and liquidity provision. To be clear, these changes are not inherently bad, but they could create a new set of financial stability vulnerabilities which we need to understand and monitor and adapt new tools and approaches where appropriate.

    Among these potential vulnerabilities, I would highlight a number:

    • An increased likelihood and severity of procyclical jumps to illiquidity and large market moves that are unexplained by fundamentals. Multi-manager funds can make individual “pods” deleverage rapidly in stress conditions, which can exaggerate market moves. Smaller funds are more exposed to banks withdrawing financing. Systematic funds can deleverage automatically in response to a change in price signals. And,
      non-bank market makers, while active in normal times may withdraw liquidity in a stress;
    • Second, there is a tendency towards increased concentration and interconnectedness given that these large hedge funds and market makers operate across all significant financial markets and represent the bulk of banks’ prime brokerage balance sheets;
    • Third, there is greater evidence of correlated activity. The funds are generally well capitalised and have longer gating periods than in the past, but both their trading and risk management strategies tend to be quite similar, increasing the prospect of common responses. While multi-managers are well placed to avoid correlations within each fund, correlation can still emerge across different funds as different multi-managers are often attracted to similar types of strategies; and
    • Fourth, opacity and limited visibility in certain markets tends to lead to crowded trades, impairs risk management, and is more likely to prompt a rush to the exit in times of stress. We have seen evidence of this in a number of market events in recent years. An example is the Archegos incident where the limited visibility of the overall position made it hard for any single participant to manage and scale their exposure and in my assessment made the eventual problem when it materialised more of a threat to market stability.

    I am going to use the rest of my time to answer the question, what do we do about the risks and vulnerabilities that can arise from this change of market structure? To be clear, the answer is not to seek to stand in the way of change. That’s not sensible. There are good reasons why these changes are happening. Many of the trends being seen can support smoother and more efficient market dynamics and pricing in normal times, as well as increased and improved liquidity. They also provide an opportunity to diversify finance and lending to the real economy and if undertaken in a sustainable way then these developments can play a role in supporting growth.

    There are good reasons why moving activity out of the banking system has happened. There are areas of risk taking that are not suited to being directly backed by deposits, and thus putting those deposits at risk. That was a lesson of the financial crisis. They are better being directly backed by what I would describe as investment capital. But a key point here is that it needs to be very clear to the providers that the investment capital is at risk, and that this is what goes with the returns. Mostly this understanding is in place, but sometimes it turns out not to be.

    But if that takes care of the direct risk, we are still left with a substantial financial stability vulnerability arising from the more indirect risks, those that are less well understood, and can often put the system more broadly into difficulty. This is classic modern financial stability risk. The banking system may not be directly exposed to these risks, but in my experience there is a limited understanding of indirect risks which can arise at times of stress. And we seem to be more reliant on market-making and market liquidity provision from firms which are not so directly wired into the more assured forms of backstop liquidity, including from central banks. Likewise, the transparency of margining practices to increase predictability and thus liquidity management for NBFIs has become a focus of international work.

    To be clear, this is not a pitch for the necessity and inevitabilities of more regulation. We are now in a world where attitudes towards regulation have changed, not I should say for the first time in my career. Hyman Minsky wisely pointed out that as memories of crises past recede, so attitudes towards regulation change. To paraphrase the historian Tony Judt, it is wise to avoid the idea that regulation is the best solution to any problem, but let’s not fall into the opposite notion that it is by definition and always the worst available
    option.1

    It is important in today’s setting that we have a fully informed debate about the role of regulation. That said, I want to emphasise three points. First, there is not a fundamental trade off between growth and financial stability. We must always assess the best choices to make in terms of the tools that we use, but the financial crisis demonstrated that there is no sustainable growth without financial stability. The issue of low potential growth and thus low actual growth that is with us today is not a creation of recent times; rather it goes back to the financial crisis, the serious recession that followed and the long-term loss of output. Second, we must not abandon or compromise our commitment to the surveillance of risks to financial stability – to pointing out the vulnerabilities and their potential consequences – the more so in view of the fundamental changes to the system I have just described. And, third, we must retain the ability to act on these risks, and always ensure that we have the ex-ante tools to deal with potential problems.

    Surveillance enables us to be targeted in our regulatory approach, and focus on the most important financial stability risks and have the right tools to deal with the problems we identify.

    On surveillance, we have undertaken a path-breaking new exercise at the Bank of England, our System-Wide Exploratory Scenario Exercise, or SWES (because we like acronyms). We conducted it with help from the Financial Conduct Authority and the UK Pensions Regulator. It is more of a flow type stress test than a traditional bank stress test. In other words, we explored injecting stress into the financial system and the consequences of its flowing through the system.

    The SWES tested the resilience of markets that are core to the UK’s economy by enhancing the understanding of the behaviours under stressed conditions of banks and NBFIs active in those markets. The primary objectives were to:

    • enhance understanding of the risks to and from NBFIs, and the behaviour of NBFIs and banks in stress, including what drives those behaviours; and
    • investigate how these behaviours and market dynamics can amplify shocks in markets and potentially pose risks to UK financial stability.

    This exercise was a first of its kind. It involved more than 50 market participants and covered a wide range of business models. It provided insights into the behaviour of different parts of the financial system under stress, and into the market dynamics and financial stability risks driven by their interactions. The SWES was not a test of the resilience of individual participants, but instead focused on system-wide resilience, with a focus on core UK financial markets.

    The findings from the SWES provided insights into how, although rational individually, the behaviours of market participants could combine in ways that pose systemic risks. The exercise highlighted mismatches in firms’ expectations of how others would act in a stress scenario. It also improved the understanding of risk management within the financial system and informed work to address vulnerabilities in market-based finance.

    The SWES scenario comprised a rapid and significant shock to rates and credit spreads triggering significant losses and margin calls, with margin flowing from NBFIs to banks and central clearing parties (CCPs). The large and rapid market shock generated a significant liquidity need for many NBFIs in the form of margin calls and redemption requests. This liquidity impact combined with leverage and risk constraints, as well as investment strategies and other commercial drivers of behaviour, led to some NBFIs having to recapitalise and/or deleverage rapidly. Banks had limited appetite to take on additional risk in some core UK markets. Through derisking and deleveraging, the financial system acted to distribute and amplify the impact of the shock and some core UK markets came under pressure.

    The SWES has provided us with important insights. In particular, I would highlight:

    • Understanding financial institutions’ behaviours and interactions: The exercise highlighted how the behaviours of different financial institutions can interact to amplify market shocks, for example how calls for additional capital from leveraged entities can result in automatic and correlated sales of securities. This understanding is crucial for developing policies that mitigate systemic risks.
    • Mismatches in expectations of counterparties’ actions under stress, and risk management improvements: The SWES identified mismatches in firms’ expectations of each other’s actions during stress. For instance, users of cleared derivatives struggled accurately to estimate increases in initial margin due to the lack of transparency in CCP models, and users of repo markets overestimated their access to new repo funding under stress. This insight supports better risk management practices and helps firms prepare for potential market disruptions.
    • Enhanced surveillance and systemic risk assessment capabilities: The SWES provides a more comprehensive view of the financial system’s dynamics under stress, which enhances our surveillance capabilities. This allows for more proactive identification and mitigation of systemic risks and the SWES report makes recommendations for UK markets.
    • Insights into potential cross border spillovers: For example, we also saw that hedge funds are particularly sensitive to conditions in the US Treasury repo market. A sudden increase in haircuts or contraction in repo availability would have a significant impact on a number of hedge funds. Their response to a shift in repo financing conditions would not necessarily be contained to US Treasuries and could impact upon other markets.
    • Policy development: The findings from the SWES are informing policy work to address vulnerabilities in market-based finance. This includes enhancing the resilience of core UK financial markets and improving the overall stability of the financial system. In many cases the exercise provides further evidence to support existing policy work and new areas.

    The SWES has demonstrated that such a system-wide approach is a valuable way to understand systemic risk in core markets.

    We intend to invest in system-wide capabilities building on the SWES lessons learned. There are two main components to this. First, the SWES has allowed us to start to build modelling capability that could support lighter touch versions of SWES-type exercises for core UK markets in the future, supplemented with targeted engagement with financial firms to ensure behavioural assumptions remain appropriate. Second, we will consider whether to use SWES style exercises to explore risks in other markets over time. These exercises are particularly well suited to markets where interconnections and feedback are key, and where key firms are at the edge of the regulatory perimeter, where behavioural assumptions are critical, or where there are significant data gaps.

    Moreover, for such an exercise to be most effective and targeted, prudential supervisors need to have a clear view of where risks are building within the system. Supervisors need to employ methods that are designed to identify and assess areas of potential vulnerability, using tools such as thematic reviews of emerging or growing risks, co-ordinated
    multi-jurisdictional examinations of key global business lines (with home and host supervisors working together), and other techniques that enable effective peer comparison across banks.

    I want to end back on the subject of liquidity provision in times of stress. I set out the canon law of central banking that liquidity goes through the banking system on the basis that the Heineken ad principle will apply in terms of the reach of these central bank lending facilities.

    However, what we saw in the so-called Dash for Cash in early 2020 with the onset of Covid, and then the 2022 LDI episode were conditions in markets that demonstrated how vulnerabilities in NBFIs can propagate liquidity stress in core UK financial markets, notably the gilt market, and create a prospect of forced selling of gilts that could jeopardise financial stability.

    NBFIs should manage the risks they face, and in some parts of the system it is appropriate that regulations are in place to provide more assurance of this management taking place. This is a key objective of the global Financial Stability Board. That said, it is not feasible or economic for NBFIs to maintain resilience to ensure self-insurance against the most extreme system-wide stresses, where the consequences may be forced selling and wider market disruption and a risk to financial stability. And, if the Heineken ad principle can’t always be relied on in view of the changes in markets that I have described, in such circumstances central bank facilities should support financial stability by providing backstop liquidity to NBFIs and thus reduce the need to sell assets on a forced basis.

    With this in mind, we have developed the Contingent NBFI Repo Facility, or CNRF, to tackle severe disruption in the gilt market that threatens financial stability due to shocks that increase the demand of NBFIs for liquidity.

    The CNRF is a contingent facility to be activated at our discretion in view of the scale of the systemic stress in core markets and the ability of our traditional lending facilities for banks to mitigate that stress. It is not a standing facility. It will lend cash against gilt collateral to participating insurance companies, pension funds and liability-driven investment funds for a short term. The pricing will reflect the principle that it should be at a penalty rate.

    This does widen the direct reach of our liquidity provision to eligible NBFIs that demonstrate an appropriate level of financial health. We think this is appropriate in view of changes to the financial system and the risks to financial stability from outside the banking system. But, it does not change a key central banking principle, namely that the standing provision of liquidity to support the so-called singleness of money goes only to the banks.

    Both standing facilities and contingent facilities are available to banks because they create money and we need to ensure its singleness both in normal times and in times of severe market dysfunction and financial instability.  There is no rationale for standing facilities for non-banks as they do not create money.  There is only a rationale for a contingent facility because the evidence suggests that we need to adapt the Heineken principle only when there is a market dysfunction and on a temporary basis.   In other words, it modifies and extends the Heineken ad approach, but does not change the principle that the scope and definition of money is limited to the central bank and commercial banks.

    In conclusion, my title today posed the question: “Are we underestimating changes in financial markets?” You may have decided by now that my answer to this question is yes. Moreover, the pace of change shows no signs of dropping off. As authorities responsible for ensuring financial stability, both domestically and globally, we have to keep our assessment and understanding up to speed. On this point, I want to thank all those, in the UK and overseas, who work with our teams at the Bank of England to inform our assessment and understanding. We couldn’t do this without the time that you give to us.

    Our assessment tools need to change, as do our tools of intervention. I have focused on two big changes that we have made.

    The first is to introduce more dynamic – flow-style – market stress exercises alongside the more established and more static institutional stress tests. This allows us to stress test markets more efficiently, and, critically, as part of that test the assumptions that market participants make about the reactions and behaviour of each other, and thus of markets as a whole. This process of holding a mirror up is crucial. The second change is the introduction of a contingent liquidity facility for certain non-banks, designed to act as protection against stress in core markets.

    Finally, there is a reaction taking place against regulation, and the responses to the GFC. We must not forget the lasting damage done by the GFC. There is no trade off between economic growth and financial stability. That said, there are usually choices about how we deal with evidence of vulnerabilities. It is critical that we have and develop tools of assessment and intervention. But these interventions may not always need to be more regulation. They can be liquidity facilities, and they can be to improve areas of the financial infrastructure, such as introducing clearing for gilt repo, a conclusion of our SWES. We should approach the response to vulnerabilities with an open mind.

    Thank you.

    I would like to thank Martin Arrowsmith, Rasna Bajaj, Yuliya Baranova, Nat Benjamin, Sarah Breeden, Lee Foulger, Bonnie Howard, Bradley Hudd, Rebecca Jackson, Joshua Jones, Karen Jude, Clare Macallan, Harsh Mehta, Arif Merali, Pelagia Neocleous, Joshua Parikh, Rhys Phillips, Andrea Rosen, Vicky Saporta, Simon Stockwell, James Talbot and Sam Woods for their help in the preparation of these remarks.


    MIL OSI Economics

  • MIL-OSI United Kingdom: Letter to registered providers: Regulation fees 2025-26

    Source: United Kingdom – Executive Government & Departments

    The Regulator of Social Housing has written to all private registered providers regarding updated regulation fees.

    Applies to England

    Documents

    Details

    The regulator wrote to all private registered providers on 12 February 2025 with details about regulation fees for 2025-26.

    For further information about the RSH fees scheme please see Fees for social housing regulation.

    Updates to this page

    Published 12 February 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-Evening Report: Yaz and Yasmin contraceptive pills will be cheaper from March. How are they different from other pills?

    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor of Pharmaceutical Chemistry, Macquarie University

    Miriam Alonso/Pexels

    The oral contraceptive pills Yaz and Yasmin will be listed on the Pharmaceutical Benefits Scheme (PBS) from March 1 2025, meaning Australian women will pay less for them.

    This listing follows advice from the Australian Pharmaceutical Benefits Advisory Committee, which recommended adding these pills to the PBS so women who find other contraceptive pills unsuitable have more options. These contraceptives also help manage acne and some other hormone-related conditions.

    So how do Yaz and Yasmin work? And how much will they cost once they’re on the PBS?

    What makes Yaz and Yasmin different?

    From March, a three-month box of Yaz or Yasmin will cost $31.60 (or $7.70 with a concession card).
    Nial Wheate

    Oral contraceptive pills prevent pregnancy primarily by stopping ovulation – the release of an egg from the ovaries.

    They also thicken mucus in the cervix, making it harder for sperm to reach an egg. And they thin the lining of the uterus, reducing the likelihood of implantation.

    Most combination oral contraceptive pills contain an oestrogen-based hormone (typically ethinylestradiol) and a progestogen hormone.

    Both Yaz and Yasmin contain ethinylestradiol and a synthetic progestogen, called drospirenone. They both contain 3 milligrams of drospirenone.

    They differ from each other in the amount of ethinylestradiol they contain. Yaz has 20 micrograms and Yasmin has 30 micrograms of the hormone. They also differ in the number of active and placebo pills a pack contains. Yaz has 24 active pills and 4 placebo pills while Yasmin has 21 active pills and 7 placebos.

    Both contraceptives are just as effective in preventing pregnancies as other oral contraceptives. The chance of getting pregnant while taking either medication is around 9%.

    In deciding which one is most suitable, a doctor will consider how their patient has responded to hormone treatment in the past and any other hormone-related conditions they have.

    Both Yaz and Yasmin have benefits beyond birth control. Drospirenone is thought to help reduce hormone-related acne and hirsutism (excessive facial hair growth).

    Premenstrual dysphoric disorder (PMDD) is a severe form of premenstrual syndrome that causes intense mood swings, depression, anxiety, and irritability before menstruation. The hormonal stability provided by Yaz, with its short hormone-free interval, can help alleviate PMDD symptoms.

    Things to look out for if taking them

    All combined oral contraceptive pills have common side effects that women may experience, including nausea, vomiting, break-through bleeding, absent or missed periods, headaches, irritability and breast tenderness.

    There are some additional risks for the Yaz and Yasmin products. The drospirenone in the contraceptives has been associated with a slightly higher risk of blood clots when compared with other progestogens. The risk is low but may be higher in women who smoke, are over 35, or have other risk factors for clots.

    All contraceptive pills can cause side effects such as nausea, headaches and irritability.
    Mart Production/Pexels

    Drospirenone can also cause a build up of potassium in the blood. This is a particular risk for women with kidney problems, and for those who also take diuretics or blood pressure medications, which can also raise potassium levels.

    Elevated potassium can cause symptoms such as muscle weakness, fatigue, dizziness and an irregular heart rhythm.

    What’s changing? How much will they cost?

    These approvals are the first contraceptive pills to be added to the PBS in 30 years and are part of a larger package of women’s health measures the government announced on the weekend.

    The government will also provide incentives for doctors and nurses to bulk bill services for implanting long-term contraceptives such as IUDs (intrauterine devices).

    Currently, pharmacies advertise three-months’ supply of Yaz and Yasmin for around A$79 dollars ($316 per year).

    Come March, the price women will pay will drop to $31.60 per box, or $126.40 per year. Concession card holders will pay $7.70 per box, or $30.80 per year.

    But the price of Yaz and Yasmin will still be higher than other combined oral contraceptives (containing the hormones levonorgestrel and ethinylestradiol) on the PBS, which start at $22 for a four-month supply or $66 per year.

    How can you switch?

    If you are considering Yaz or Yasmin, speak to your doctor. They will take your medical history and discuss your lifestyle and any other specific health needs.

    They will also explain the potential side effects to watch out for and any precautions you may need to take.

    If you proceed, your doctor will outline a process for transitioning to the new medication, including timing and where to start in the pill sequence.




    Read more:
    What is premenstrual dysphoric disorder? And how is it different to PMS?


    Nial Wheate in the past has received funding from the ACT Cancer Council, Tenovus Scotland, Medical Research Scotland, Scottish Crucible, and the Scottish Universities Life Sciences Alliance. He is a fellow of the Royal Australian Chemical Institute, a member of the Australasian Pharmaceutical Science Association and a member of the Australian Institute of Company Directors. Nial is the chief scientific officer of Vaihea Skincare LLC, a director of SetDose Pty Ltd (a medical device company) and was previously a Standards Australia panel member for sunscreen agents. Nial regularly consults to industry on issues to do with medicine risk assessments, manufacturing, design, and testing.

    Shoohb Alassadi does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Yaz and Yasmin contraceptive pills will be cheaper from March. How are they different from other pills? – https://theconversation.com/yaz-and-yasmin-contraceptive-pills-will-be-cheaper-from-march-how-are-they-different-from-other-pills-249480

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Sydney Airport lands Hong Kong Airlines with daily non-stop flights

    Source: Sydney Airport

    Wednesday 12 February 2025

    • Hong Kong Airlines service to Sydney to launch on 20 June 2025
    • Daily service will boost seat capacity to Hong Kong by 20 percent
    • Cements Hong Kong as Sydney Airport’s 3rd busiest route after Singapore and Auckland

    Sydney Airport is set to welcome its second Hong-Kong based carrier, with Hong Kong Airlines to launch its inaugural daily service between Hong Kong and Sydney on 20 June 2025.

    This new service increases daily flights between the two cities from five to six and boosts seat capacity on the route by nearly 20 percent, giving passengers more choice and convenience than ever before.

    The arrival of Hong Kong Airlines follows the recent expansion of bilateral air traffic rights between Hong Kong and Australia, the first in nearly two decades. The expansion of traffic rights highlights the demand for travel on the already popular Hong Kong-Sydney route, further supported by Hong Kong International Airport’s increased capacity with its new third runway, which can now cater for 120 million passengers annually.

    The historic connection between Sydney and Hong Kong dates back 75 years to 1949, when Qantas first launched a charter service on this route. Today, it remains one of Sydney Airport’s busiest, with more than 850,000 passengers flying between the two cities in 2024 — 72% of pre-COVID levels — maintaining Hong Kong’s rank as Sydney’s third-busiest city route after Singapore and Auckland.

    The arrival of Hong Kong Airlines increases the number of carriers operating at Sydney Airport to a record 52, with Sydney Airport set to be the airline’s first capital city destination in Australia.

    Sydney Airport CEO Scott Charlton said: “The arrival of Hong Kong Airlines marks an important new chapter for Sydney Airport and strengthens the long-standing connection between Sydney and Hong Kong. This new daily service not only increases capacity but also provides passengers with more choice to explore one of Asia’s most vibrant cities.

    “The arrival of Hong Kong Airlines will enhance opportunities for trade, tourism, and cultural exchange between Sydney and Hong Kong, delivering significant economic benefits to New South Wales, and Australia.

    “The support of the NSW Government and Destination NSW was critical in securing this new service and it’s a great example of how our strong and productive partnership is delivering for Sydney and NSW.

    “I would also like to thank and recognise the Albanese Government for their recent work in delivering the expansion of bilateral air traffic rights between Hong Kong and Australia. The new services announced today are a direct consequence of these efforts and will boost trade, economic growth, and job creation.”

    Hong Kong Airlines Chairman Mr Yan Bo said: “This is an important milestone for Hong Kong Airlines. In the past, we only operated flights to the Gold Coast and Cairns in Australia, offering passengers access to popular tourist hotspots in Queensland.

    “Now, we are honoured to extend our reach to Sydney, the country’s most iconic city. This new route will enable us to serve a broader range of international travellers and is also a testament to the efforts of the two governments to actively support more bilateral air traffic rights.

    “We are committed to providing passengers with high-quality services and competitive prices, ensuring they have more diverse and convenient options for their travel plans.”

    Hong Kong Airlines President Mr Jeff Sun said: “The three-runway system at Hong Kong International Airport has increased the capacity for additional flights, and with the support of the two governments and related organisations, we are delighted to become the second Hong Kong-based airline to operate in Sydney.

    “This new service will promote tourism, economic and cultural ties between Hong Kong and Australia. Sydney and Hong Kong have a rich shared history in aviation, and we are proud to be a part of this new chapter. Not only will it bring convenience to travellers, but it will also serve as a bridge connecting with our extensive mainland Chinese network.”

    The Hon. Catherine King MP, Minister for Infrastructure, Transport, Regional Development and Local Government, said: ““Since coming to government, we’ve landed a record number of air services agreements with over a dozen international markets, including Hong Kong, Canada, Malaysia, Chile, Turkiye, Vietnam, and Sri Lanka.

    “We’re so pleased to see Sydney Airport leveraging Australia’s new bilateral air agreements – with Turkiye since November and now with Hong Kong.

    “The Australian Government is working to expand our international aviation network, because more flights means more competition, more choice, and a better experience for Australian travellers.”

    The Hon. John Graham MLC, NSW Minister for Jobs and Tourism, said: “We are very excited to welcome Hong Kong Airlines to Sydney Airport.

    “The NSW Government is working to grow our visitor economy and boosting aviation capacity to key markets like Hong Kong will be critical in achieving that growth.

    “Hong Kong is a priority international market for Sydney, with incoming travellers contributing $290 million to the NSW visitor economy over the last year.”

    Tourism Australia Managing Director Phillipa Harrison said: “We welcome the arrival of Hong Kong Airlines which will further boost seat capacity between Hong Kong and Australia.

    “When the new direct services begin in June it will be easier than ever before for Hong Kong business and leisure travellers to visit Australia. We hope these daily services will help to drive increased visitation, providing a further boost to our visitor economy.”

    Schedule information

    Flight Number Origin/Destination Departure/Arrival (Local)
    HX17 HKG-SYD 22:25 – 09:50+1
    HX18 SYD-HKG 11:30 – 18:50

    MIL OSI News

  • MIL-OSI United Kingdom: Scottish activity at Expo 2025

    Source: Scottish Government

    Showcasing key industries to global audiences

    Scotland’s innovation, skills and natural resources are to be showcased at Expo 2025 Osaka in Japan later this year.

    Three one day events at the global exhibition will highlight the country’s strengths in creative industries, life sciences and the offshore wind sector.

    It follows a successful attendance at Expo 2020 in Dubai, which generated forecast sales of almost £90 million for participating Scottish businesses.

    Games companies will be the focus of the creative industries day on 17 April, including eight being supported through the Scottish Government’s Techscaler business accelerator. Also attending will be KeelWorks, an established Edinburgh game development company with an existing deal with Japanese publisher KONAMI.

    Business Minister Richard Lochhead visited the company to launch the Expo programme and hear about its export success.

    Mr Lochhead said:

    “This is an opportunity for Scotland to showcase and shine on the global stage. Our message in Osaka will be simple – Scotland is open for business and is one of the best places in the world to invest.

    “We will demonstrate first hand that we have the skills, technology and opportunities in a range of emerging industries. KeelWorks is just one example of that and later in the year our buoyant life sciences businesses and the offshore wind sector will also be centre stage.

    “Japanese businesses already recognise Scotland’s economic potential, including Sumitomo, which is currently building a subsea cable factory at Nigg in the Highlands. I am confident that further companies and significant investment will follow as result of our presence at the Expo.”

    KeelWorks Chief Executive Meher Kalenderian said:

    “This activity is about strengthening connections, driving investment and opening new doors for collaboration. So, we’re thrilled to be part of Scotland’s presence at Expo 2025 Osaka, highlighting the strong business opportunities between Scotland and Japan’s prominent gaming industries.

    “This platform offers a great chance to showcase our thriving creative sector and build new collaborations. At KeelWorks, we’ve seen first-hand the value of such partnerships through our work with KONAMI on CYGNI: All Guns Blazing.

    “Our presence at the Expo reflects the growing potential for Scottish and Japanese gaming sectors to engage, as both countries lead in innovation.”

    Background

    Expo 2025 Osaka takes place from 13 April to 13 October. It is an international event at which countries, organisations and companies showcase innovations, cultural exchanges and solutions to global challenges. It is expected to attract about 28 million visitors and more than 150 participating countries. Scotland’s three events are supported by Scottish Enterprise.

    Scotland’s first Trade Envoy to Japan was appointed in October 2024. The unpaid role will last for an initial two-year period.

    MIL OSI United Kingdom

  • MIL-OSI USA: Shaheen, Collins Urge Navy to Protect Jobs at Portsmouth Naval Shipyard, Warn of Negative Impact on National Security

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Armed Services Committee and Co-Chair of the U.S. Senate Navy Caucus, and U.S. Senator Susan Collins (R-ME), Chair of the U.S. Senate Appropriations Committee, are sending a bipartisan letter to the U.S. Department of the Navy urging an exemption for Portsmouth Naval Shipyard employees from the Office of Personnel Management’s deferred resignation program for federal employees. In their letter to Acting Secretary Terence G. Emmert, the Senators note that any reduction to the Shipyard’s workforce will jeopardize our nation’s security by increasing submarine maintenance timelines.
    The Senators wrote, in part: “We write with concern regarding the Office of Personnel Management’s (OPM) recently announced policy which offers a deferred resignation program for federal employees. […] the men and women who work at our public shipyards are critical members of our defense industrial base, without whom the ability to repair, retrofit and refuel our country’s submarines would be in jeopardy. In our states, Portsmouth Naval Shipyard (PNSY) has nearly eight thousand civilian employees, creating more than $1.5 billion in annual economic impact in surrounding communities.”
    They concluded: “We ask that the Department of the Navy engage with OPM to provide an exception for employees at PNSY and other parts of the defense industrial base from recently announced workforce-shaping policies. […] While we continue to identify opportunities to improve efficiency, reductions to the size of our defense industrial workforce cannot be one of them. To do so would make our country less safe, and we urge you to maintain this necessary investment in our economic and national security.”
    The full text of the letter can be found here.
    Senator Shaheen has long advocated for New England’s shipbuilding industry and workforce, including through authorizing funding and workforce development for Portsmouth Naval Shipyard. Through the FY 2025 National Defense Authorization Act, Shaheen secured full authorization for the Shipbuilding Infrastructure Optimization Program (SIOP) projects at Portsmouth Naval Shipyard, which will expand the Shipyard’s capacity to maintain America’s fast-attack submarine fleet. Shaheen recently attended a ribbon-cutting ceremony at the Shipyard for its new Waterfront Production Facility funded under SIOP. As a member of the U.S. Senate Appropriations and Armed Services Committees, Senator Shaheen helped secure this funding beginning in the FY 2019 funding legislation, which she has continued in ensuing years.
    Additionally, in the FY 2025 government funding bills, Shaheen and Collins worked to include a $9.5 million Congressionally Directed Spending add for a new parking structure at the Portsmouth Naval Shipyard—which will contribute to quality of life for the Shipyard’s workforce.

    MIL OSI USA News

  • MIL-OSI Australia: 50,000 first home buyers in dream home under Minns Government stamp duty leg-up as support passes $1 billion

    Source: New South Wales Premiere

    Published: 12 February 2025

    Released by: The Premier, Treasurer, Minister for Finance


    More than 50,000 first home buyers have found their dream home thanks to the Minns Labor Government’s signature stamp duty assistance program.

    The popular initiative has seen first home buyers save an average of $20,540, easing the pressure on the key task of saving for a deposit.

    Total stamp duty savings for first home buyers across NSW have topped $1 billion since July 2023.

    First home buyers are using the program to get a foot on the property ladder in a market heavily influenced by investors.

    The First Home Buyers Assistance Scheme provides a full exemption from stamp duty for eligible buyers purchasing up to $800,000, and a concession for purchases between $800,000 and $1 million. This means first home buyers can save up to $30,529 in stamp duty.

    Of the more than 50,000 first home buyers who have received support under the Minns Government’s program, more than 37,000 first home buyer households received a full exemption and more than 14,500 received a concession.

    More than 3,200 buyer households in the City of Parramatta have saved a total of $74.1 million, while more than 2,100 on the Central Coast have saved a total of $47.3 million.

    The 50,000 households milestone coincides with the release of a helpful dashboard detailing the program’s impact suburb-by-suburb.

    The First Home Buyers Assistance Dashboard also provides program statistics by Local Government Area and regional classifications. It will be updated regularly and can be viewed here: https://www.revenue.nsw.gov.au/help-centre/resources-library/statistics/fhba-dashboard

    First home buyers can learn more about the program and calculate their potential stamp duty savings here: https://www.nsw.gov.au/housing-and-construction/home-buying-assistance/first-home-buyers-assistance-scheme/how-to-apply

    This program is part of a suite of reforms from the Minns Government to help address the housing crisis and ease cost of living pressures.

    This includes sweeping reforms of the planning system to deliver more housing, including establishing the Housing Delivery Authority to speed up approvals.

    Premier Chris Minns said:

    “We have now delivered more than $1 billion for first home buyers since coming to Government.

    “There is more to do on cost of living, but this is real relief that has helped 50,000 NSW singles, couples and families.

    “Our Government is helping more buyers to get a foot on the ladder, without having to leave Sydney or NSW.

    “This is the best first home buyer scheme in the country, and just one part of our plan to address the housing crisis and build a better NSW.”

    Treasurer Daniel Mookhey said:

    “This is an incredible milestone for this program.

    “50,000 families have been able to get into their first home sooner because of this essential stamp duty relief.

    “The savings mean more money in people’s pockets, easing pressure on households and giving crucial assistance in the task of saving for a deposit.”

    Minister for Finance Courtney Houssos said:

    “Families and households in NSW are feeling under pressure with increasing costs of living. We want to support families and households to realise the certainty of home ownership.

    “This shows our program is working, delivering real savings that can make a real difference for first home buyers.”

    MIL OSI News

  • MIL-OSI Australia: Local knowledge vital to addressing regional crime

    Source: New South Wales Premiere

    Published: 12 February 2025

    Released by: The Premier


    The Minns Labor Government is continuing work to create safer communities across regional New South Wales by addressing the concerning rates of youth crime, with over $4 million to support place-based efforts across Bourke and Kempsey.

    Government support for place-based initiatives reflects the fact that a one size fits all approach does not work for issues like youth crime in regional communities. This funding means local communities are empowered to make decisions, develop strategies, design programs and decide how resources are used to address local needs.  

    In Bourke and Kempsey, this funding will match the Commonwealth Government’s investment in the Stronger Places, Stronger People program, which supports community-led place-based responses to local issues.

    This funding will support the existing successful local teams in each community who work in tandem with Government to develop and implement projects to address identified issues.

    This program, which has run since 2019 in these communities has been recognised as having positive impacts including improved social, cultural, health, justice and economic outcomes.

    This is part of the Minns Labor Government’s ongoing work to crackdown on crime across the state, which has included:

    • Amending the Bail Act to include an additional bail test for young people between 14 and 18 charged with committing a ‘serious break and enter offence’ or motor vehicle offence while on bail for a similar offence.
    • Creating a new ‘post and boast’ offence under the Crimes Act, criminalising the filming and disseminating of footage of certain serious offences to publicise or advertise the commission of that offence.
    • Paying recruits to attend the Goulburn Police Academy and welcoming 294 probational constables to the NSWPF ranks in December, the largest class to graduate in a decade.
    • Passing and enacting ‘Jacks Law’ which provides NSW Police with powers to scan people for knives without a warrant and raised the age from 16 to 18 for the sale of knives to young people.
    • Doubling the maximum penalty for certain knife crimes.
    • Introducing new offences for repeated and serious breaches of Apprehended Domestic Violence Orders.
    • Introducing Serious Domestic Abuse Prevention Orders.
    • Modernising the definition of ‘stalking’ to include monitoring a person online.
    • Making it harder than ever for alleged domestic violence offenders to get bail.

    NSW Premier, Chris Minns said:

    “We know that what works in the middle of Sydney won’t work for our regional communities, which is why we are making this long-term investment to ensure local knowledge informs the action we take to address local issues.

    “We know there is no easy solution to address the issue of crime in our regional communities, but that is why we are pulling every lever possible from law reform to investing in local organisations. “

    MIL OSI News

  • MIL-OSI Australia: Work continues to fix one of Sydney’s worst intersections while guaranteeing Revesby Police Station remains in Revesby

    Source: New South Wales Premiere

    Published: 12 February 2025

    Released by: Minister for Police and Counter-terrorism


    The Minns Labor Government is continuing work to address traffic concerns at one of Sydney’s worst intersections while retaining a police station in the Revesby area that is currently on the corner of the intersection.

    The corner of River Road and Marco Avenue has been ranked as the 6th most confusing intersection in Sydney and has been the site of many car crashes and near misses, including the tragic death of a young man in a car crash.

    Due to the location of the Revesby Police Station on the intersection it may not be possible to address issues with the intersection without relocating the police station.

    As a result, at the 2023 state election, the Member for East Hills Kylie Wilkinson committed to working with the local council and the Federal Government who have committed funding to fix the intersection.

    This commitment included the possible relocation of Police Station while keeping it in the Revesby area, acknowledging the critical role this station and it’s officers play keeping this community safe.

    The current Member for East Hills, Kylie Wilkinson is now working with all levels of government to finally fix this intersection and keep Revesby Police Station in the Revesby area.

    For 12 years, the former Liberal and National Government failed to address this issue with the former Member for East Hills completely missing in action on this while in parliament.

    Disappointingly the former Liberal Member who is now a Councillor has resorted to spreading misinformation in the community by falsely claiming that Revesby is set to lose a police station.

    The Minns Labor Government is working to deliver a real solution by fixing this nightmare intersection while also maintaining a Police Station in the area.

    This follows action already taken by the NSW Government including by providing historic pay rises to NSW Police and paying police to train – already delivering the largest graduating classes of police in a decade.

    Police Minister Yasmin Catley said:

    “For too long this intersection outside Revesby Police Station has put lives at risk and I am proud that our government is working with council and the federal government to upgrade this intersection while retaining a police station in the Revesby area.

    “It’s very disappointing that this Liberal councillor is spreading misinformation and playing politics with our police, all to stop a much needed upgraded to this dangerous intersection.

    Member for East Hills, Kylie Wilkinson said:

    “We shouldn’t have to choose between safe roads and a safe community. That’s why we’re fixing this dangerous and confusing intersection while keeping a police station in the Revesby area.

    “I’ve lost count of the number of people who have spoken to me about how dangerous this intersection is and I call on all local councillors to join us in fixing this issue once and for all.

    MIL OSI News

  • MIL-OSI Australia: NSW Government’s crackdown on rogue turf businesses to stop fire ants pays off

    Source: New South Wales Premiere

    Published: 12 February 2025

    Released by: Minister for Agriculture, Minister for Regional NSW


    Two Queensland businesses have been separately convicted in the NSW Local Court of breaching biosecurity regulations designed to protect NSW from red imported fire ants and in total ordered to pay $60,000.

    These successful prosecutions highlight the effectiveness of the Minns Labor Government’s surveillance and compliance activities in preventing fire ants into the state.

    Both businesses illegally moved turf, soil, turf underlay and compost from the Queensland fire ant infested area into NSW.

    Since being elected in 2023 the NSW Government has made biosecurity a priority and fighting fire ants a top order.

    This commitment to fight fire ants entering NSW was demonstrated by raising the funds to address the menace of the fire ants from the former Government’s low $15 million annually, to $95 million over four years, only a few months after the 2023 election.

    To strengthen the fight against fire ants entering NSW in mid-November last year, the NSW Minister for Agriculture Tara Moriarty took the unprecedented step of banning the movement of any turf from the Queensland fire ant infested area into NSW.

    These recent successful prosecutions demonstrate that the Government’s crackdown on rogue businesses potentially spreading fire ants is working and is now sending a message.

    The importance of movement controls and the ability of the Minns Government’s restructured NSW Department of Primary Industries and Regional Development (DPIRD) to trace carrier movements back to their point of origin is producing successful prosecutions.

    The first landscaping supply business was convicted on the 29 January and the second on Friday 7 February.

    The first business, Brytarbri Pty Ltd trading as Allenview Turf, was convicted of nine offences after moving soil, turf underlay and compost into NSW from the Queensland fire ant infested area without the required biosecurity certificates.

    The second business, Marlyn Compost, was convicted of 20 offences under the NSW Biosecurity Act 2015 for moving turf from the Queensland fire ant infested area into NSW without certificates.

    Early detection surveillance is continuing across NSW’s border state agencies with detection cameras and operations with Police and Department of Primary Industries and Regional NSW teams working together as exemplified by Operation Victa.

    So far four waves of Operation Victa have resulted in eight penalty notices issued and three warnings after stopping 352 vehicles, 156 of which were from fire ant infested areas, and ordering 12 vehicles back to Queensland, due to not meeting certification requirements.

    In addition, fire ant sniffer dogs are on patrol in Kyogle and Tweed Valley sites to monitor trucks, landscaping sites and target properties.

    The NSW Government’s fire ant team has completed the following since December 2023:

    • Checked 1,366 voluntary community reports of potential fire ant sightings
    • Received 12,750 Record of Movement declarations from businesses
    • Undertaken with 1,613 surveillance events

    NSW Minister for Agriculture and Regional NSW, Tara Moriarty said:

    “The Minns Labor Government is serious in stopping fire ants getting into NSW and in the three instances when they have got through the nets we have eradicated them quickly.

    “There will be no sympathy for a business who flouts our biosecurity controls and threatens our state’s land, homes and farms with fire ants. The full force of the law will be instigated to show this is very serious and will not be tolerated.

    “I urge everyone to do the right thing and comply with our biosecurity requirements to protect NSW from fire ants, or if you know someone is flouting the controls please let us know.

    “We are applying monitoring, CCTV, police, sniffer dogs, controls and border checks to address the fire ant situation as well as supporting the Queensland Government eradicate their infestation.”

    MIL OSI News