Burnham must kill off bonkers Chagos deal for good

cityam

Sep 28

The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://hk.tigershowtime.com/news/2670233729"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2670233729\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2670233729?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/09/Chagos-Islands-are-British.jpg?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-09-28 17:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2670233729","market":"us","top_or_hot":-1,"title":"Burnham must kill off bonkers Chagos deal for good","media":"cityam","content":"<div>\n<p>The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says ...</p>\n\n<a href=\"https://www.cityam.com/burnham-must-kill-off-bonkers-chagos-deal-for-good/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Burnham must kill off bonkers Chagos deal for good</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBurnham must kill off bonkers Chagos deal for good\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-28 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/burnham-must-kill-off-bonkers-chagos-deal-for-good/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says ...</p>\n\n<a href=\"https://www.cityam.com/burnham-must-kill-off-bonkers-chagos-deal-for-good/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIOT","symbol_name":"Instinct Bio Technical Co","start_time":0,"source_url":"https://www.cityam.com/burnham-must-kill-off-bonkers-chagos-deal-for-good/","article_id":"2670233729","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/09/Chagos-Islands-are-British.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/burnham-must-kill-off-bonkers-chagos-deal-for-good/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2670233729","pubTimestamp":1790586284,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says Eliot WilsonIt became clear early in Sir Keir Starmer’s brief premiership that here was a leader of unusual political clumsiness. He was the sort of man who would get run over twice while crossing a road, by traffic from each direction. He promised new protections for renters and tough measures for landlords, only to find that 44 of his own MPs were landlords.Even taking that haplessness into account, it was extraordinary when his government unveiled an “historic agreement” with Mauritius over the future of the British Indian Ocean Territory , which comprises the seven atolls of the Chagos Archipelago in the Indian Ocean. There are more than 1,000 islands, of which Diego Garcia is the largest.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BIOT":"Instinct Bio Technical Co"},"translate_title":"伯纳姆必须永远杀死疯狂的查戈斯交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIOT":1},"content_text":"The proposal to cede sovereignty over the Chagos Islands to Mauritius and pay for the privilege appeals to no voters and has lost the support of Donald Trump. Andy Burnham should pull the plug, says Eliot WilsonIt became clear early in Sir Keir Starmer’s brief premiership that here was a leader of unusual political clumsiness. He was the sort of man who would get run over twice while crossing a road, by traffic from each direction. He promised new protections for renters and tough measures for landlords, only to find that 44 of his own MPs were landlords.Even taking that haplessness into account, it was extraordinary when his government unveiled an “historic agreement” with Mauritius over the future of the British Indian Ocean Territory (BIOT), which comprises the seven atolls of the Chagos Archipelago in the Indian Ocean. There are more than 1,000 islands, of which Diego Garcia is the largest.\n\nDiego Garcia is home to a Permanent Joint Operating Base which, under an agreement signed in 1966, is shared with the United States: owned by HM Government, it is leased to America which operates it as Naval Support Facility Diego Garcia, which provides logistical support to US forces in the Indian Ocean and the Persian Gulf. Crucially, the facilities can be used by the US Air Force’s long-range strategic bombers, and it has been used in the past to launch air strikes against Afghanistan and Iraq.The Republic of Mauritius has for many years asserted a logically implausible but politically modish claim to sovereignty over the BIOT: that the United Kingdom illegally “separated” the Chagos Archipelago from Mauritius when the BIOT was established as a separate Crown Colony in 1965. This claim is contained in Article 111 of the Constitution of Mauritius.\n\n\n\n\n\n\nFree Thinking - City AM Opinion Newsletter\nGet weekly sparky insight and expert commentary on markets, entrepreneurship and innovation from City AM’s Opinion Editor, delivered every Saturday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe Mauritian claim is supposedly underpinned by UN General Assembly Resolutions against “the partial or total disruption of the national unity and the territorial integrity of a country”. But Mauritius and the Chagos Archipelago – which are more than 1,300 miles apart – have never meaningfully been a country. Both came under British sovereignty, having been French possessions, thanks to the Treaty of Paris in 1814 but were governed together purely for administrative convenience. The Chagos Archipelago had been uninhabited until 1776.\n\nIf it’s hard to explain, it’s because it makes no senseThe BIOT became independent outside the Crown Colony of Mauritius in 1965, and Mauritius itself became independent as a Commonwealth realm in 1968. So the historic ties between the two territories rely wholly on French then British colonial jurisdiction. Logically, the claim must be that the UK breached international law by disrupting “the national unity and the territorial integrity” of a country, Mauritius, which did not yet exist.In 2019, the International Court of Justice issued a non-binding advisory opinion in favour of the topsy-turvy Mauritian claim. It was at least in part a political rather than a judicial act, continuing to beat the drum of “decolonization” in a context where it made no sense. But the Starmer government decided this legal uncertainty was an intolerable threat to the future of the Diego Garcia joint operating base.The agreement reached was this: the UK would surrender sovereignty of the BIOT to Mauritius, which had never exercised it before; but would remain “authorised to exercise the sovereign rights of Mauritius on Diego Garcia”, initially for 99 years. What this means in practice is anyone’s guess, but it is certainly considerably less than sovereignty. That 99-year leaseback would involve the UK paying an average of £101m per year to Mauritius, potentially a total of £10bn; other estimates have ranged between £3.4bn and £35bn.\n\nThen-foreign secretary David Lammy proudly declared the agreement “secures this vital military base for the future”. Likewise, loading all six chambers of a revolver “secures the future” of a game of Russian roulette. The UK would be giving away sovereignty of a vital territory to a country which had never possessed it, and, incredibly, paying many billions of pounds for the privilege.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}