UK News Daily UK Seizes Largest Bitcoin, Labour Eyes Tax Increases, Labour's Youth Guarantee Faces Funding, Met Police Considers Masonic Disclosure, and more...
Sep 30, 2025
The UK has made headlines with the largest Bitcoin seizure, linked to a £5.5 billion money laundering case. Labour is contemplating tax hikes to tackle economic challenges, while also proposing a Youth Guarantee aimed at helping long-term unemployed youths, though funding is a concern. In a move to enhance transparency, the Met Police is considering a policy requiring officers to disclose Freemasonry memberships. Meanwhile, Northern Trains is trialing a GPS-based ticketing system to simplify travel across routes.
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Massive Bitcoin Seizure And Cross-Border Case
- Zhimin Qian (aka Jimin Tian) pleaded guilty after a seven-year probe that seized over 61,000 Bitcoin worth about £5.5bn.
- The case involved cross-border cooperation and highlights the difficulty of proving legitimate ownership in international crypto fraud.
Labour Signals Possible Tax Rethink
- Rachel Reeves signalled tax increases may be needed to close fiscal gaps despite earlier pledges not to raise taxes immediately.
- Labour balances fiscal discipline with plans for services, reflecting tension between revenue needs and political commitments.
Youth Guarantee Plan Requires Budget Answers
- Reeves proposes a Youth Guarantee offering paid work to under-25s unemployed 18 months to reduce long-term youth joblessness.
- The scheme relies on private wage subsidies and existing budgets, with full funding details due in the November budget.