Tuesday 31 January 2023

TURF WAR | Shankill pub run by daughter of loyalist Jim Spence attacked by gang on orders of Mo Courtney

The incident is being seen as an attempt by Courtney to expand his empire
UFF/South East Antrim UDA (loyalist paramilitaries) were behind the attack on Friday night at the Berlin Bar on the Shankill Road. PHOTO SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022

A pub run by the daughter of loyalist chief Jim Spence was attacked by 20 masked men on the orders of drug lord Mo Courtney, the Sunday World can reveal.

Ex-UFF chief Courtney is believed have been behind the sinister attack on Friday night which saw the Berlin Bar in the loyalist heartland smashed up.

The incident happened shortly after 7pm when a mob armed with baseball bats and hammers entered the iconic pub and went on a wrecking spree.
Police at the Berlin Bar after the attack on Friday night 

Customers and staff were ordered out while windows, furniture, mirrors, pictures, glasses and bottles were all smashed.

No one was hurt during the incident which lasted almost half an hour. There was no stand-off and the gang left unchallenged despite a small crowd gathering outside.

It comes after weeks of rising tensions on the Shankill, with a number of people put out of the area and others warned about their involvement in the drugs trade.

The incident is being seen as an attempt by Courtney to expand his empire.
UFF leader and drugs barron Mo Courtney 

The rival UVF has all but quit the drug trade on the road and Courtney sees a chance to extend his authority in the area.

The bar is owned and run by Mark Pollock and his wife Becky.

Ms Spence is the daughter of alleged UDA commander Jim Spence and has no involvement in crime or paramilitary activity.
UFF/South East Antrim UDA Newtownabbey and Templepatrick. PHOTO SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022

Pollock has no paramilitary connections but has a conviction for fuel laundering. doubt

Loyalist sources last night told the Sunday World that Courtney was behind the attack, and cast doubt on rumours that alleged West Belfast UDA brigadier Matt Kincaid was aware of the planned attack in advance.

“This is about drugs pure and simple,” said our source. “It has nothing to do with loyalism.” Courtney has emerged from a tense few months with his position at the top of the heap strengthened.

He remains under threat from a Dublin-based organised crime gang after he stole their guns from a criminal mob in the east of the city.

It forced him and his second in command into hiding. On one occasion a car load of Dublin criminals was cruising the Shankill looking for him as they vowed revenge.

It triggered alarm in the paramilitary leadership of both the UDA and UVF and resulted in a number of people being hit with fines – one believed to be as much as £100,000 – and warned not to sell drugs on the Shankill.

Others were warned to break off all contact with southern-based gangs.
Becky Spence-Pollock of the Berlin Bar with husband Mark Pollock 

It is believed Friday night’s attack was a further warning to the individual hit with the £100k levy.

It is not clear if there will be retaliation as the bar has no obvious paramilitary connections and in recent months the UVF has moved to distance itself from the drugs trade.

Sources on the Shankill say the organisation is in “no way’’ involved in the sale of illegal drugs.

“Courtney is sending out a warning that he is the top dog, he is the major drug dealer on the Shankill and he won’t let anyone stand in his way,” a source said.

Last night police issued an appeal for information about the attack.

Inspector Hamilton said: “At approximately 7.15pm we received a report that around 20 masked men, some armed with baseball bats, had entered the bar.

“They proceeded to smash a number of windows and TVs and caused extensive damage to the interior of the premises before leaving.

“Luckily no one was injured during the incident.
Boarded-up windows at the bar 

The PSNI confirmed a 59-year-old man was arrested on Sunday following the incident.

Detective Chief Inspector Avine Kelly said: “Officers conducted searches at two houses in the Shankill area on Saturday evening resulting in the arrest of a 59 year old man and the recovery of a number of items including cash, paramilitary related paraphernalia and a small quantity of suspected class B drugs.

“The man was arrested on suspicion of criminal damage and burglary and remains in custody at this time.”

The PSNI have asked anyone who may have information that could assist with their ongoing enquiries to contact them via 101.

Mark Pollock was one of a nine-man gang convicted of fuel laundering in 2017 after a five-year operation by customs officers.

In a crime worth over £2.6 million in lost duty and taxes, the gang, headed by Robert Clarke the owner of Clarke Fuels based on the Shankill Road, and Pollock, laundered millions of litres of red diesel for sale as legitimate road fuel to unsuspecting motorists.

Clarke, from Dundrod Road, Crumlin, and Pollock from Lyndhurst Grove, Belfast, were jailed when they appeared at Laganside Crown Court in 2017.

HMRC began investigating the gang in 2010 and over the next two years traced their illegal laundering activities, false paperwork trails and fuel distribution network, revealing a sophisticated organised crime network.

As part of the investigation into the gang HMRC officers carried out searches of 13 commercial and private premises in June 2011, seizing more than £285,000 in cash and 74,000 litres of fuel.

The investigation uncovered how Clarke had used his business to buy red diesel, which was then laundered. Pollock oversaw the fraud, working with others to launder the fuel, dispose of the waste and hide the fraud behind a false paper trail.

With many thanks to the: Sunday World and Richard Sullivan for the original story. 

Follow these links to find out more on this story: UVF blamed over Co Antrim cocaine raids on UDA



Monday 30 January 2023

Shankill Road bar attack sees man arrested at Belfast Airport

The man was arrested on Sunday night and is being questioned.

South East Antrim UDA (Newtownabbey). PHOTO SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022
                30th January, 2023. 
A man's been arrested at a Belfast airport under the Terrorism Act, following an incident where a large crowd armed with baseball bats damaged a bar on the Shankill Road.

A gang of 20 men, some armed with bats, reportedly entered the Bar Berlin on Friday evening and smashed windows and TVs.

On Sunday night, officers from the Paramilitary Crime Task Force arrested a 60-year-old man at Belfast City Airport.


He was detained under the Terrorism Act and is being questioned by detectives.

PSNI Detective Chief Inspector Kelly said: “The man, who was arrested at Belfast City Airport on Sunday night, was arrested under the Terrorism Act and remains in custody at this time.

“Our enquiries into this incident on Friday 27th January are ongoing and I would ask anyone with information or who may be able to help with our investigation, to call detectives at Grosvenor Road on 101, quoting reference number 1696 27/01/23."

A second man, aged 59, was arrested on Sunday in connection to the incident and has since been released on bail.

With many thanks to: Belfast Live and Damien Edgar for the original story. 

Officers investigating links to 'UDA criminality' seize suspected drugs in Co Antrim

“The searches and seizures are a demonstration of the PCTF’s commitment to tackle all types of criminality linked to paramilitaries"
South East Antrim UDA (Newtownabbey/Templepatrick). IMAGE SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022
                 27th January, 2023. 
Suspected drugs have been seized as part of an investigation into 'criminality linked to the UDA'.

Officers from the Paramilitary Crime Task Force assisted by officers from the Tactical Support Group and the District Support Team conducted a number of searches on Friday.

Items were seized from properties in the Newtownabbey and Templepatrick areas.


Detective Inspector Corrigan said: “As part of an ongoing investigation into suspected criminality linked to the South East Antrim UDA, we conducted proactive searches at properties in the Newtownabbey and Templepatrick areas.

With many thanks to: Belfast Live and Sophie McLoughlin for the original story. 

Follow these links to find out more on this story: Police seize drugs and cash in operation targeting South East Antrim UDA





South East Antrim UDA: Man arrested following house searches after Shankill Road bar incident released.

Police investigating the incident of criminal damage at the bar on the Shankill Road on Friday made the arrest on Saturday evening
General views of the Bar Berlin on the Shankill Road which was attacked by the South East Antrim UDA 
 
                29th January, 2023. 
A man arrested following searches of homes after an incident at a Belfast bar has been released on bail.

Detectives from the Paramilitary Crime Task Force, investigating the incident of criminal damage at the bar in the Shankill Road area on Friday, January 27, carried out searches of two houses on Saturday evening.

On Sunday they confirmed a 59-year-old man was arrested on suspicion of criminal damage and burglary. He has since been released on bail to allow for further enquiries to be conducted.


South East Antrim UDA Brigade (Newtownabbey) IMAGE SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022

Detective Chief Inspector Avine Kelly said: “Officers conducted searches at two houses in the Shankill area on Saturday evening resulting in the arrest of a 59-year-old man and the recovery of a number of items including cash, paramilitary related paraphernalia and a small quantity of suspected class B drugs.

“Our enquires into this incident are ongoing and I would ask anyone with information or who may be able to help with our investigation, to call detectives at Grosvenor Road on the non-emergency number 101, quoting reference number 1696 27/01/23, or submit a report online using the non-emergency reporting form via http://www.psni.police.uk/makeareport/. You can also contact Crimestoppers anonymously on 0800 555 111 or online at http://crimestoppers-uk.org/. ”

With many thanks to: Belfast Live and Sarah Scott for the original story. 

Follow these links to find out more on this story: South East Antrim UDA nine men charged after weapons seized in Newtownabbey

South East Antrim UDA nine men charged after weapons seized in Newtownabbey

Officers recovered a number of weapons including hatchets and machetes

South East Antrim UDA (Newtownabbey). IMAGE SOURCE/EXTRAMURAL ACTIVITY COPYRIGHT © 2022 

                 29th January, 2023. 
THE Question needs to be asked from the PSNI/RUC "will any of these nine men be charged with loyalist paramilitary activities or with belonging to a proscribed organisation"? 

Nine men have each been charged with offences including possession of an offensive weapon in a public place

It comes after police responded to reports of two suspicious transit vans in the Newtownabbey area on Saturday morning.

The PSNI said one of the vehicles was stopped in the vicinity of Swanston Road North and the other on the Antrim Road at around 10.50am.


Officers recovered a number of weapons including hatchets and machetes. The occupants of the vans, nine men aged between 18 and 41, were arrested and have since charged with a number of offences to appear in court on Monday 30 January.
South East Antrim UDA (Newtownabbey). IMAGE SOURCE: EXTRAMURAL ACTIVITY COPYRIGHT © 2022

As is normal procedure the charges will be reviewed by the Public Prosecution Service.

A PSNI spokeswoman said: "Nine men have each been charged with offences including possession of an offensive weapon in a public place after police responded to reports of two suspicious transit vans in the Newtownabbey area on Saturday morning, 28 January.

"Police stopped one of the vehicles in the vicinity of Swanston Road North and the other on the Antrim Road at around 10.50am, and recovered a number of weapons including hatchets and machetes. The occupants of the vans, nine men aged between 18 and 41, were arrested and have since charged with a number of offences to appear in court on Monday 30 January.

"As is normal procedure the charges will be reviewed by the Public Prosecution Service."

With many thanks to: Belfast Live News and Lauren Harte for the original story. 

Follow these links to find out more on this story: Nine men charged after weapons seized in Newtownabbey

Sunday 29 January 2023

Unanswered questions from videos of Tyre Nicholas' arrest

Lawyers for his family said the officers acted like a "pack of wolves" and beat him "like a human pinata".
MAMA: For several minutes, police punched and kicked him, in the body and the head, while Mr Nichols cried for his mother

Everyone who has seen the footage of Tyre Nichols' fatal encounter with five Memphis police officers has come to the same conclusion: something went horribly wrong that night.

Video caption, 

Police Chief Cerelyn Davis, who is the first black woman to serve in the role, told the BBC she was shocked. "Something happened that we can't explain," she said.

The videos prompted the authorities to fire the five officers earlier this week, and then to charge them with offences including second-degree murder.

On Friday evening, the videos were released to the public. The footage did show the harrowing events that led to Mr Nichols' death, but many questions still remain.While the four videos contain over an hour of footage total, capturing multiple angles taken from police body cameras and a pole-mounted surveillance camera, one crucial element is missing: how did all this begin?

His family has said that Mr Nichols, an avid photographer, was out driving so he could take pictures of the sunset.

Officers initially said Mr Nichols was pulled over for alleged reckless driving, but police on Friday said there is no evidence to substantiate that claim.

The footage released only begins after police confront him at an intersection at 8.24pm - police say the initial traffic stop was not filmed but we don't know why.
Mr Nicholas died three days after an encounter with police at a traffic stop. IMAGE SOURCE, FACEBOOK/DEANDRE NICHOLAS 

He is immediately dragged out of the car and thrown to the ground by officers with guns drawn.

"I didn't do anything!" Mr Nichols says early on, and he complies with the officers' instructions.

An officer shouts: "Put your hands behind your back before I break your [expletive]."

"You guys are really doing a lot right now," Mr Nichols says to the officers. "I'm just trying to go home."

Later in the video, we hear an officer telling other officers who have arrived at the scene that Mr Nichols swerved and almost hit his police vehicle, but we see no evidence of this.

Another officer claims he thinks Mr Nichols may be "on something," which implies they believed he may have been using drugs. There is no known evidence that this was the case, and later in the video, officers say they did not find anything in his car.From the get-go, the officers are very hostile, cursing at Mr Nichols and telling him to lie on the ground or they will tase him.

In the videos, Mr Nichols is initially compliant, if confused, by the officers' hostility. He lies down on the ground as instructed, as they attempt to handcuff him.

But when one of them tries to tase him, he breaks free and tries to run, at which point police pepper spray him.



How he broke free, and why police were so aggressive in the first place, is not clear.

"It was incomprehensible, from beginning to end," Greg Donaldson, a professor at the John Jay College of Criminal Justice in New York, told the BBC.

"From the car stop, the state of agitation of the police when they pulled the car over, to the pursuit, to the lack of training and lack of strategy in containing and subduing the person they had stopped."Mr Donaldson says the video seems to show that police anger grows "as their incompetence seems to be more revealed".

Spraying his eyes with water after feeling the effects of the pepper spray himself, one of the officers says they should "stomp" him when they catch him.

That is exactly what they do in the videos that captured the second encounter which began at 8.32pm. For several minutes, police punched and kicked him, in the body and the head, while Mr Nichols cried for his mother. One officer is seen wandering away, breathing heavily. Almost a minute later, he returns to the scene, pulls out his extendable baton and strikes Mr Nichols repeatedly.

None of the officers try to stop him, or another who is seen punching Mr Nichols in the head at least five times.

"This incident just ran out of control," Mr Donaldson says.It is evident from the footage that Mr Nichols is in distress after the beating. He writhes on the ground before being slumped up against a car, unable to properly sit up himself.
Footage of Nicholas' fatal encounter with Memphis police. IMAGE SOURCE, REUTERS

"The worst part of it was was the lack of humanity after the incident," Mr Donaldson says.

The officers "stood around like its as just an afternoon on the street," he says, while leaving Mr Nichols "laying there on the ground like a piece of garbage".

There are more officers on the scene than bodycams released, and we do not know if there is additional footage.

Medics arrive to examine Mr Nichols at 8.21pm. Twenty minutes later a stretcher comes into view in the video and then an ambulance arrives. We don't know how long it is before Mr Nichols is taken to hospital.Although it is clear Mr Nichols was severely beaten, we still do not know what actually caused his death in hospital three days later.

In the video, we do see police kick him in the head twice, and there is blood visible around his face.

Attorneys for his family have said that an independent autopsy found that he suffered "extensive bleeding caused by a severe beating," but the full report has not been made public.

With additional reporting by Bernd Debusmann, Barbara Plett Usher and Nada Tawfik

With many thanks to: BBC World News and Robin Levinson-King for the original story 

Follow these links links to find out more on this story: Unanswered questions from videos of Tyre Nicholas' arrest

Saturday 28 January 2023

EXCLUSIVE | A majority of unionists would vote against 1998 Good Friday Agreement today

But 64% overall still support Belfast Agreement, new poll reveals
A recent poster ref:GFA regarding the Good Friday Agreement published online by the PUL community 

A majority of unionists would vote against the Good Friday Agreement if a referendum on the historic peace accord was held today.

Just one in three unionists now endorses the deal, but support for it remains strong among nationalists and Alliance voters, according to a new poll.

The Agreement was backed by a majority in both communities with a 71% yes vote in the 1998 referendum.

As its 25th anniversary approaches in April, a LucidTalk poll for the Belfast Telegraph shows 64% of people — down seven points — would back the deal now if another poll was held.

While 95% of nationalists and 96% of Alliance and Green voters would vote yes, only 35% of unionists would do the same.

Around a third of people (31%) say they’d vote no — a slight increase from the 29% who did so in 1998.

Only 3% of nationalists and 2% of Alliance and Green voters would oppose the deal, but 54% of unionists would do so.

A significant section of unionists are undecided on whether they support the Agreement. Some 11% don’t know or are unsure of how they’d vote if another referendum took place, with just 2% of nationalists and Alliance and Green voters saying the same.

A Flourish chartWhile the DUP led the campaign against the Agreement in the 1998 referendum, it was backed by Ulster Unionist leader David Trimble and an estimated 80% of the party’s voters.

However, just 58% of UUP supporters would now vote for the peace deal, with 28% saying they’d oppose it and 15% unsure of how they’d vote.

Some 3,662 people took part in our online poll conducted from January 20 to 23. The sample was scientifically weighted to reflect the Northern Ireland population.

There are sharp gender divisions on the Good Friday Agreement. Almost three-quarters of women (73%) would vote yes compared to just over half (55%) of men if a referendum was held now. Almost twice as many men (40%) would vote against the Agreement as women (22%).

A Flourish chart
The over-65s are less enthusiastic for the peace accord than younger people — 59% would vote yes compared to 65% of both 45-64 and 25-44-year-olds and 64% of 18-24-year-olds.

Opposition to the Agreement increased with age. Just 25% of 18-24-year-olds would vote no compared to 31% of both 25-44-year-olds and 45-64-year-olds and 36% of over-65s.

A Flourish chart
Changing demographics mean the highest percentage of unionists is found among those of retirement age.

Signed on April 10, 1998 after extensive negotiations involving local politicians and the British and Irish governments, the Good Friday Agreement was followed by simultaneous but separate referenda in Northern Ireland and the Republic.

More than two million voters across the island registered their support for the deal, with 361,000 voting against. However, there was a significant difference in turnout on each side of the border.

In Northern Ireland, 81% of the electorate voted with almost 677,000 supporting the peace deal and 275,000 opposing it.

The result was overwhelmingly in favour of the Agreement in the Republic with more than 1.4m people (94%) supporting it and 86,000 opposing it (6%). But turnout in the south was much lower, with only 56% of people voting.Polling was carried out online from 1pm on January 20 to 6pm on January 23, using the established LucidTalk Northern Ireland (NI) online opinion panel (14,422 members), which is balanced to be demographically representative of Northern Ireland (NI). Some 3,662 full responses were received, and these were then authenticated, audited and weighted, to a 1,499 response NI representative data-set which was used for analysis in terms of the final results.

These final data results were then weighted by age, gender, socio-economic group, previous NI voting patterns, NI constituency, NI constitutional position, political party support, and religious affiliation, to produce a robust Northern Ireland representative opinion sample. All results are accurate in terms of being NI representative to within an error of +/- 2.3% at 95% confidence.

LucidTalk is a member of the British Polling Council and abides by its regulations. LucidTalk is the only NI (and Ireland)based polling and market research company which is a member of the British Polling Council.

With many thanks to the: Belfast Telegraph and Suzanne Breen for the original story. 

Follow these links to find out more on this story: DUP being allowed to scatter Good Friday Agreement to the winds.





Up to twenty masked men believed to be loyalist paramilitaries smash up Shankill bar with baseball bats

A Shankill Road bar was damaged by masked men, some armed with baseball bats, on Friday evening.
The Bar Berlin on the Shankill Road 

Around 20 men entered the Bar Berlin and smashed windows, televisions and damaged the interior of the premises.

Inspector Hamilton said: “At approximately 7.15pm we received a report that around 20 masked men, some armed with baseball bats, had entered the bar.
A damaged window at the Bar Berlin

“They proceeded to smash a number of windows and TVs and caused extensive damage to the interior of the premises before leaving.

“Luckily no one was injured during the incident.

“I would appeal to anyone who may have witnessed the incident or who may have any CCTV or dash-cam footage that could assist with our enquiries, to contact police on 101 quoting reference 1696 of 27/01/23.

Police have asked anyone who may have information to contact them via 101.

With many thanks to the: Belfast Telegraph and Emma Montgomery for the original story. 

Follow this link to find out more on this story: Twenty masked men smash up Shankill bar with baseball bats

British Army serviceman charged with terrorist offences

A serving member of the British Army has been charged with a terror offence, the Metropolitan Police has said.
Ulster Defence Regiment (UDR) were a British Army Regiment stationed in 'NI Only' that had to be disbanded because of very close links with loyalist terrorism 

Daniel Abed Khalif, 21, was charged over two incidents including attempting to "elicit information of a kind likely to be useful to a person committing or preparing an act of terrorism" in 2021.

Mr Khalif, of Beaconside, Stafford, remains in custody.

He is due to appear at London's Westminster Magistrates' Court on Saturday.

The Met's Counter-Terrorism Command said Mr Khalif was also charged with placing an article "with the intention of inducing in another a belief that the said article was likely to explode or ignite and thereby cause personal injury or damage to property" at Beaconside, Stafford, on or before 2 January of this year.

With many thanks to:BBC News for the original story. 




Thursday 26 January 2023

EU debt suffers under competition with sovereign borrowers

Bonds issued by European Commission trade with higher yields than Germany and France
The relative shift in borrowing costs is small, and investors say it does not reflect concerns about Brussels' creditworthiness © Yves Herman/Reuters

The EU is paying more to borrow with its joint bonds than the bloc’s leading members, denting the appeal of common issuance and emboldening opponents of fresh debt sales. 

During the global bond sell-off of the past year, the EU’s borrowing costs rose more swiftly than those of many member states. A year ago the yields on common debt issued by the European Commission sat between those of Germany — the bloc’s safe haven — and those of France.

Today, they have risen above French borrowing costs, even though the EU’s triple-A credit rating outshines Paris’s double-A status. Ten-year EU bonds currently yield 2.63 per cent, more than France’s 2.54 per cent. 

At shorter maturities, Brussels’ yields are even higher than those paid by Spain and Portugal — long considered among the bloc’s riskier debt markets. Italy’s yields, however, remain higher than those on EU bonds. 

The relative shift in borrowing costs is small, and investors say it does not reflect concerns about Brussels’ creditworthiness. Even so, its symbolic importance has emboldened opponents of fresh common EU debt. German finance minister Christian Lindner has pointed to the premiums when arguing member states should do their own borrowing. It is also a potential setback to hopes that expanded EU borrowing could provide a shared safe asset for the euro area, deepening the bloc’s capital markets and boosting the international role of the euro. 

“The underlying weakness is that these bonds are effectively competing
against all the sovereign bond markets in the eurozone,” said Antoine Bouvet, a rates strategist at ING. 

The EU is in the midst of an unprecedented wave of common debt sales, triggered by the need to create a common response to the Covid-related economic slump in 2020. Some member states back new sales of European Commission debt as a way of supporting the green transition and countering the competitive disadvantages generated by the US’s $369bn Inflation Reduction Act. 

The upward shift in the commission’s yields reflects investors’ perception of the EU as a debt issuer belonging to a group of so-called supranationals — including pan-EU agencies such as the European Investment Bank and the European Stability Mechanism, the region’s bailout fund. 

Bonds issued by these bodies are typically less heavily traded than sovereign debt, and do not form part of
the government bond indices tracked by many big investors. As such, they tend to underperform government debt in adverse market conditions such as in 2022’s big bond rout. 

Brussels’ current borrowing plans put it on course to eclipse all but the largest EU sovereign issuers, and it has adopted many of the trappings of a sovereign issuer such as regular bond auctions run by a network of bond-dealing banks. The commission has hired banks to sell new 30-year debt this week, its first bond issuance of 2023. 

Nevertheless, the EU has struggled to shift its supranational tag. Bankers and investors price the debt relative to interest rate swaps — as it is typical for the sector — rather than using German debt as a reference point. 

There is currently no sign of Brussels’ bonds supplanting Berlin’s as a benchmark that could eventually become the eurozone’s answer to the vast US Treasury market, which plays a central role in the global financial system. 

“As [EU debt is] going to replace sovereign bonds for the foreseeable future it’s just a further segmentation of the market — it actually takes you further away from something that resembles the US Treasury market,” ING’s Bouvet said. 

Bouvet added that EU bonds lacked the “domestic preference” — investors and banks that prefer buying debt issued by their own government — which provides a key source of demand for bonds, particularly at shorter maturities. “A conservative German bank Treasury will always favour German debt; the same for a French bank,” he explained. “That really makes this an uphill struggle for these bonds to trade like a true safe asset.”

Traders say the situation will not be easy to resolve. “There’s still this perception with investors that this is a non-permanent presence in bond markets,” said the head of government and supranational bond trading at a major European bank. 

Futures contracts linked to German, French and Italian bonds help to improve liquidity and attract a wider range of investors. 

But exchange operators might be reluctant to launch something similar for EU debt, given doubts about the scale of issuance after 2026, the trader said. The union insists that the NextGenerationEU programme is a one-off scheme, reducing the prospects for large amounts of issuance in the future. 

The commission as of this month uses what it calls a unified funding approach under which it raises money for various priorities under a single EU bond label. It hopes this will help liquidity in the markets. 

“These measures will make EU securities more liquid, and improve
their pricing and trading in the secondary market,” said a commission spokesperson. 

“The difference in pricing does not mean investors are concerned about the EU as an issuer. On the contrary — investors continue to demonstrate a strong interest in and appetite for the EU-Bonds, as reflected in the regularly high oversubscription levels for EU bonds.” 

With many thanks to the: Financial Times and Sam Fleming (in Brussels) and Tommy Stubbington (in London) for the original publication. 

Follow this link to to find out more on this story: EU debt suffers under competition with sovereign borrowers





Wednesday 25 January 2023

Mother wins legal battle over tribunal's refusal to say why son's murderer was discharged from hospital.

Teresa Maher’s son, Kyle, was killed by Richard Wilson-Michael in supported accommodation in London in 2017A woman has won a legal battle against a mental health tribunal over its refusal to provide her with the the reasons for releasing her son’s killer into the community

In a boost to open justice, a high court judge ruled that the tribunal unlawfully rejected requests for information from Teresa Maher, who feared that her son’s killer still posed a risk.

Maher’s son Kyle was 21 when Richard Wilson-Michael stabbed him to death in 2017 in supported accommodation in Tooting, south-west London, where both men were living under the care of mental health services.

After being convicted of manslaughter on grounds of diminished responsibility, Wilson-Michael, who had paranoid schizophrenia, was detained in hospital.

On 9 February 2021, the first-tier tribunal (mental health) directed his immediate conditional discharge in proceedings that were, as is customary, held in private. After finding out three days later, Teresa Maher began a battle to find out the reasons for his release but was rebuffed by the tribunal.

In a judgment handed down earlier this month, Mrs Justice Stacey found that the tribunal had initially been operating an unlawful blanket policy of never providing reasons for its judgments to victims.

When the tribunal’s deputy chamber president considered the matter a year later, the decision was again unlawful, Stacey said, because it failed to correctly balance Wilson-Michael’s right to privacy with Teresa Maher’s right to family life under the Human Rights Act and the principles of open justice.

Teresa Maher, 45, said: “The way they refused to give us any information was disrespectful and undignified and it’s unbelievable that the tribunal has so far been treating all bereaved families like this whenever releasing a patient.

“We recognise that mentally unwell people need treatment. But when a patient has committed such a serious crime the government owes it to victims to explain why they are deemed safe to be released so soon afterwards. Courts shouldn’t be allowed to operate in secret when there’s so much at stake.

“We hope this judgment brings some balance to the system and families in our position can start to understand why these decisions are being made.”

The court heard that one of the reasons the family were so keen to have more information about Wilson-Michael’s discharge was that they had lost confidence in the authorities, as a result of failings by Wandsworth Early Intervention Services in relation to Wilson-Michael’s care. An inquest jury found its failings “possibly caused or contributed to” Kyle Maher’s death.

His sister Billie Lovegrove, 29, said: “The main thing for us is just to find out why he (Wilson-Michael) was released so quickly and see proof that he has been rehabilitated. We want to know the grounds to reassure us that people will be safe.”

The family’s solicitor, Jag Bahra, from Saunders Law, said the silence surrounding Wilson-Michael’s release was the final insult after “they were failed by practically every institution involved in the events that led to his (Kyle Maher’s) death.

“The tribunal is perhaps the last court left operating in near total secrecy and we now hope to see more transparency as a result of this decision. It’s a victory for victims’ rights and for open justice.”

Julian Hendy, director of Hundred Families, which supports families affected by mental health-related homicides, said the high court judgment “shines a very welcome light on a very dark corner of the criminal justice system”.

A Ministry of Justice spokesperson said: “Our deepest sympathies remain with Kyle Maher’s family and we will carefully consider this judgment.”

They said the victims bill “will make sure their voices are better heard at every stage of the justice system”.

With many thanks to: The Guardian and Haroon Siddique (Legal affairs Correspondent) for the original story. 

PSNI criticised over failure to properly record community background of people arrested

THE Policing Board’s human rights adviser has criticised the PSNI’s “endless excuses” over how it records the community background of people arrested or stopped and searched.

The Detail has previously revealed that almost twice as many Catholics as Protestants were arrested and charged in NI between the start of 2016 and the end of 2020.

However, the available figures do not provide a complete picture.

The Policing Board’s annual human rights report, published last week, noted that a “significant number” of people also refused to tell police about their background.

“There may be a number of different reasons for this disparity, including the possibility that people from the Catholic community are more willing to answer questions about their religious background,” the report read.

Human rights solicitor John Wadham told The Detail that while he was impressed with much of the PSNI’s work, he had concerns that people’s community backgrounds were not being properly recorded.
RUC: The armed wing of Unionism 

“I am not persuaded by the endless excuses that come out of PSNI on why they can’t do community background (recording),” he said.

“It’s very, very depressing.

“I’ve read the legal advice, the legal advice says there’s no problem in just doing it.”

The PSNI did not share its figures on the community background of people arrested or stopped and searched with the Policing Board - the force’s oversight body - until an investigation by The Detail.

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The board’s annual human rights report, written by Mr Wadham, noted that it was “surprising” that the information had not been shared with board members, nor had the force investigated the disparity between the number of Catholics and Protestants arrested and charged.

Mr Wadham said that the issue of ‘two tier’ policing had been raised for many years “from both perspectives”.

“When we have seen some evidence of the difference, particularly between the two communities in the North of Ireland, the evidence appears to be that about twice as many Catholic, nationalists, and republicans are subject to stop and search, subject to arrest, subject to charge, subject to spit bite guards, subject to strip search of young people,” he said.

“Twice as many as the Protestant, unionist, loyalist, community.”
A PUL community poster erected by loyalists claiming that the PUL community is suffering from two-tier policing and that the PSNI/RUC are in the pocket of Sinn Féin 

The report recommended that the PSNI employ an independent expert to look at the figures.

The Detail asked the PSNI if they were going to do so, but did not receive a direct response.

Deputy Chief Constable (DCC) Mark Hamilton told The Detail that the PSNI’s approach to recording the community background of people arrested or stopped and searched has been “evolving for a couple of years”.

“It hadn’t been published (previously), so we accept that,” he said.

“I think what we accept is also that, the data set that we have, that we haven’t been robust enough in recording it.

“It also sits alongside the very fundamental question about asking for community background information from people, which has been raised with us in a number of forums.

“We discussed this as a service executive board last week, and the strong view is that we should just get on with being more direct now in asking those questions and getting those answers out.”

In March 2022, the PSNI’s Police Powers Development Group (PPDG) was asked to investigate the arrest figures.

The PSNI did not respond to questions from the Detail regarding an update on the PPDG investigation.

In a statement, PSNI Chief Superintendent Jon Henry said the force had been looking into how to record the religious background of those arrested “for some time”.

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“The Police Service continues to explore how community background might be recorded, in consultation with the NI Policing Board, the Information Commissioner’s Office, the Department of Justice, the NIO, the Independent Reviewer of Justice and Security Powers and other relevant stakeholders,” he said.

The PSNI uses stop and search powers under several pieces of legislation, including NI's Justice and Security Act (JSA).

Of those stopped and searched between August 2020 and July 2021, 45% were Catholic and 24% were Protestant, the Policing Board report stated.

A further 28% did not have their community background recorded by the PSNI. The remaining people’s community background was listed as ‘other or none’.
The writing is on the walls in the loyalist ghettos 

DCC Hamilton said work is being done to improve the recording of people’s community background.

“Work is being undertaken, starting with the JSA work, about being far clearer about the JSA stops, where the community background, asking the questions, putting it in an IT system that is verifiable,” he said.

With many thanks to: The Detail and Luke Butterly for the original publication. 







Tuesday 24 January 2023

Trade between GB and NI sees billion pound boost in wake of the NI Protocol

Trade between GB and NI has seen a more than billion pound bump – up by 7% a year after the NI Protocol was introduced.

Trade flowing both ways has increased between NI and GB thanks to the NI Protocol despite the DUP claiming otherwise 
              December 14th, 2022. 
Fresh figures show the value of GB sales rose to £14.4bn in 2021.

Meanwhile, sales from NI to GB increased by £1.5bn to £12.8bn in 2021, up 13.1% over the year, according to the latest figures from the NI Statistics and Research Agency (NISRA).

And overall, total sales by North of Ireland companies increased by 13.6% (£9.2bn). That meant sales rising to £77.1bn in 2021 – the largest value of total sales on record, not taking inflation into account.

Concerns had been raised by some corners that companies elsewhere in the UK were no longer, or reducing their sales into NI, because of the NI Protocol – the mechanism in place to keep NI in the EU single market for trade in goods, but leading to some additional checks between here and GB.

Meanwhile, the total value of external sales here increased by 14.5%.

“The total value of external sales by NI companies was estimated to be worth £24.9bn in 2021,” according to NISRA.

“This represents an increase of 14.5% (£3.2bn) over the year in current prices, compared to a decrease in the previous year of 3.6%.”

And trade with Republic made up 6.7% of total sales and 6.3% of total purchases.

“Sales of goods and services to Ireland made up 6.7% (£5.2bn) of total sales (£77.1bn),” according to NISRA.

“Of this, 74.7% (£3.9bn) related to the sale of goods and 25.3% (£1.3bn) to the sale of services.

“The Covid-19 pandemic had a major impact on the economy during 2020, due to lockdown measures being introduced to mitigate its spread and prolonged periods of business closures. This should be borne in mind when considering the change in trade estimates between 2020 and 2021.”

But it said “when the figures are viewed in the broader picture of trends observed over the past number of years, the 2021 figures broadly align with what might reasonably have been expected were it not for the impact of the pandemic in 2020”.

The SDLP’s Brexit spokesman, Matthew O’Toole MLA, said: “This data should finally put to bed the idea that Protocol is ruining the Northern Irish economy, or even that it has severely dented trade between GB and NI. For nearly two years, DUP politicians and British ministers have exaggerated and distorted the effect of the protocol on trade flows and business across the Irish Sea.

“By contrast the SDLP has been calling for a specific strategy to promote the benefits of dual market access which gives businesses who locate here a competitive advantage that should be used to enhance our economy and generate new jobs.”

With many thanks to the: Belfast Telegraph and John Mulgrew for the original story.