Gangs involved in facilitating people smuggling to the UK will be at risk of having their assets frozen and being banned from travelling to Britain, under new powers announced by the Foreign Secretary Tuesday.
The Foreign, Commonwealth & Development Office stated that it will impose the first wave of sanctions on gangs involved in people smuggling and driving irregular migration to the UK, as well as their enablers, such as financiers and companies involved in the sale of small boat equipment.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.