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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 10, 2025

    Featured image for article about Headlines

    LONDON (Reuters) - Britain's Labour government said on Thursday it had removed 16,400 illegal migrants since coming to power in July, marking the highest rate of such removals since 2018.

    On taking office, Prime Minister Keir Starmer scrapped the previous Conservative government's scheme to send migrants who arrive illegally to Rwanda, instead setting up a Border Security Command to crack down on illegal migration - a huge political issue in Britain.

    Under the new system, officials have focused on breaking up the people smuggling gangs that help migrants enter Britain via small boats and worked to detain and remove those living illegally in the country.

    "Our message to those wanting to come here illegally is clear – you are wasting your money putting your trust in these vile gangs and will be returned swiftly," Starmer said in a statement.

    Britain is also planning a new sanctions regime to target the leaders of networks that smuggle tens of thousands of people into the country each year.

    Over 36,800 people made the crossing in 2024, 25% more than the previous year, according to government data, while dozens have died in the attempt.

    Enforced returns of illegal migrants have risen 24% year-over-year since Labour came to power, the government said. The removals include 2,580 foreign criminals.

    (Reporting by Sachin Ravikumar; Editing by Alexandra Hudson)

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