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News

Milford Haven: Newspaper editor in search for £1.4m hard drive

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IN 2009 a Pembrokeshire businessman spent £50 buying 175 Bitcoins. It was to fund a transaction that in the end he did not go on to complete – and the Bitcoin was left unspent.
But now, eight years on, Thomas Sinclair, now the editor of The Pembrokeshire Herald, is on the hunt for a computer hard drive which is now worth over £1.4million.
The value of the internet crypto-currency has skyrocketed in recent years with Bitcoins, which were valued at just a few pence when the currency was launched in January 2009 skyrocketing to £8190 each today – over eight times the value of an ounce of gold.
Thomas Sinclair said: “The computer I used to buy the Bitcoin years ago developed a fault with the graphics card and I stopped using it.
“I suspect the parts were cannibalised to keep other computers going at our offices. I never throw anything away so the hard drive is bound to be somewhere – we are currently conducting a hunt to find it – without it I will not be able to use the Bitcoin.”
He added: “To be honest, I had completely forgotten about the Bitcoins – it was only recently when going through my bank statements I saw the purchase back in 2009 and remembered that I had not spent the £50.
“After asking colleagues in the office to check the value of the 175 coins I purchased I nearly fell off my chair when the answer of £1.4m was given to me – it is simply unbelievable!”
Glenn Alcock, Head of IT at The Pembrokeshire Herald, said: “This is certainly an interesting scenario, but as hard drives have a long lifespan, I’m confident we will be able to retrieve the data successfully.
“As the business has grown, we have accumulated a lot of PCs, so it will take quite a few hours to search through everything.
“Previous employees have not been very organised with storing hardware, so the biggest challenge for me right now is finding every hard drive in the building.
“We are looking for a 6.4GB hard drive manufactured in 1998.”
Jokingly he added: “When I successfully find the hard drive, and retrieve the data, I expect Mr Sinclair will be very generous with his reward.”
Using Bitcoin allows people to bypass banks and traditional payment processes to pay for goods and services directly.
Banks and other financial institutions have been concerned about Bitcoin’s associations with money laundering and online crime because transactions take place anonymously.
The soaring value of Bitcoin and other cryptocurrencies comes despite growing warnings over a price bubble.
The starkest warning came from the JP Morgan chief executive, Jamie Dimon, who said Bitcoin was a fraud that would ultimately blow up.
Speaking in September to media in the USA, he said there was a limited market for the digital currency, arguing that it was only fit for use by drug dealers, murderers and people living in countries such as North Korea.
He pledged to sack any JP Morgan trader investing in Bitcoin, but also admitted he had not been able to dissuade his daughter from investing.
Jordan Hiscott, the chief trader at Ayondo Markets, said: “The returns are truly remarkable, especially given the recent ban on Bitcoin trading in China, where demand had previously accounted for at least 10% of all global volumes.”
Of the more than 16.7 million Bitcoins in circulation, nearly 4 million could be lost forever, according to new research from digital forensics firm Chainalysis, based on a detailed empirical analysis of the blockchain — the ‘digital ledger’ which records all Bitcoin transactions, and which gives the currency its value.
That amounts to a staggering $30bn.
On analyst has explained why the amount of lost Bitcoins is so high: “When Bitcoins are produced, they have a private key associated with them. It works using key-pair cryptography — you have a public address and a private key that go together. The public address is what you use to send Bitcoins, the private key is what you need to spend them.
“If you lose the private key, because of the mathematics involved and the strength of the cryptographic system, which is what makes it so safe, it’s impossible to ever get it back. What’s commonly happened is people have just deleted the file off their computer — the text document that holds the private key.”

Health

Welsh Government announces additional funding for hospices

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HOSPICSE across Wales are set to receive a further £5.5 million in funding to help continue delivering essential palliative and end-of-life care services.

The cash boost is in addition to the £3 million uplift in recurrent funding confirmed in the Welsh Government’s 2025–26 budget. The new funding will support Wales’ twelve NHS-commissioned hospices — including the country’s two children’s hospices — in managing financial pressures and ensuring fair pay for staff.

Hospices in Wales play a vital role in supporting patients, families and carers during the most challenging times, and are committed to providing dignified and personalised care outside of hospital settings.

Health Secretary Jeremy Miles said: “Hospices play a vital role in supporting families at some of the most difficult times.
We are committed to strengthening and improving palliative and end-of-life care to ensure everyone who needs hospice support receives dignified and personalised care, outside of hospital.”

Liz Booyse, Chair of Hospices Cymru, welcomed the announcement: “We welcome the Welsh Government’s commitment of funding. It is a testament to the importance of the hospice sector within our healthcare system, and we are immensely grateful. Our services provide vital care and support to over 20,000 children and adults affected by terminal illnesses each year.
This funding is a significant step forward, and we will continue working in partnership with the Welsh Government to achieve a sustainable funding settlement that will bring greater stability to the Welsh hospice sector.”

Matthew Brindley, Policy and Advocacy Manager for Wales at Hospice UK, added: “Recent years have been very tough for Wales’s hospices, amid a combination of rapidly rising costs and ever-growing need for end-of-life care.
We’re grateful to the Welsh Government for recognising both the pressure hospices are under, and the immense value they bring to Wales’ health and social care system.
It’s vital we continue to work together toward a more sustainable approach to hospice funding in Wales. Our population is ageing, with increasingly complex health needs. We need a strong, robust palliative and end-of-life care system — and hospices in Wales are ready to play their part.”

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News

Welsh Labour dominance under threat in closest Senedd race in 25 years

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New electoral system and rising support for Reform could reshape political landscape in 2026

WELSH Labour’s long-standing dominance in Cardiff Bay could come to an end at the 2026 Senedd Election, with the latest projections showing the party only narrowly ahead of Nigel Farage’s Reform UK and Plaid Cymru in what is set to be the tightest race in a generation.

Cavendish, one of the UK’s leading public affairs and communications consultancies, today (Thursday, April 10) launched its new Senedd Seat Projector, revealing dramatic shifts in public support and the likelihood of a multi-party government.

Using polling data and modelling based on the new proportional voting system and enlarged Senedd, Cavendish forecasts that Labour may secure 28 seats—just one ahead of Reform on 27, with Plaid Cymru close behind on 24.

Under the reformed system, 96 members will be elected across 16 new constituencies, with each electing six MSs. The changes are expected to significantly alter how campaigns are run and how votes are converted into seats.

Coalition government likely

Cathy Owens, Director at Cavendish, said a coalition government appears almost certain.

“Our Senedd Seat Projector sets out a stark reality for Welsh Labour,” she said. “It shows a coalition between Labour and Plaid Cymru as the most likely outcome, potentially with joint First Ministers.

“Otherwise, a combination of the Conservatives, Reform, and Plaid Cymru would be needed to secure a majority—a scenario that seems politically unlikely.”

Cavendish says the data reflects a “seismic” shift in Welsh politics. For the past 25 years, Welsh Labour has polled consistently between 35% and 40%. But over the last year, support for Labour has dropped significantly, with Reform now regularly polling at similar levels.

The polling picture

Cavendish compiled projections from leading pollsters over the last 12 months. While Labour consistently leads, the margin is often razor-thin. A sample of projections includes:

Survation (April 2025):

  • Labour: 28 seats (27%)
  • Reform: 27 seats (24%)
  • Plaid Cymru: 24 seats (24%)
  • Conservatives: 15 seats (15%)
  • Lib Dems: 2 seats (5%)
  • Greens: 0

Beaufort (December 2024):

  • Labour: 28 seats (27%)
  • Reform: 28 seats (24%)
  • Plaid Cymru: 20 seats (18%)
  • Conservatives: 17 seats (17%)
  • Lib Dems: 2 seats (6%)
  • Greens: 1

YouGov (December 2024):

  • Labour: 25 seats (23%)
  • Reform: 25 seats (24%)
  • Plaid Cymru: 24 seats (24%)
  • Conservatives: 19 seats (19%)
  • Lib Dems: 2 seats (5%)
  • Greens: 1

Redfield & Wilton (June 2024):

  • Labour: 38 seats (36%)
  • Reform: 11 seats (11%)
  • Plaid Cymru: 24 seats (22%)
  • Conservatives: 20 seats (18%)
  • Lib Dems: 2 seats (6%)
  • Greens: 1

The variation highlights the volatility of Welsh politics under the new system, with small shifts in support having a significant impact on seat distribution.

Campaigns will need to adapt

Cathy Owens added: “The new system rewards efficient, geographically spread support. Parties will need to rethink their campaign strategies completely.

“There will be six types of marginal seats, and organisations that want to influence manifesto pledges will need to engage far more strategically than before.”

Cavendish says the Senedd Seat Projector offers a unique insight into the upcoming election and will be an essential tool for journalists, analysts, campaigners and the public.

The tool is now live on the Cavendish website, along with a full report on Senedd reform.

Cavendish will also host a LinkedIn Live event featuring Cathy Owens and fellow director Nerys Evans, in conversation with journalist Will Hayward, to discuss the findings and what they mean for the future of Welsh politics.

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Business

House prices edge up in Wales as economic concerns hit confidence

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HOUSE prices in Wales continued to edge upwards in March, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. However, short-term expectations for both prices and sales have declined, as economic uncertainty begins to weigh on market sentiment.

A net balance of 6% of Welsh surveyors reported that house prices were higher over the past three months—the first quarter of 2025—although the increase was marginal.

Despite the slight rise, confidence in the near-term outlook has weakened. A net balance of -24% of respondents now expect house prices to fall over the next three months.

Sales expectations have also taken a downturn. A net balance of -39% of Welsh respondents anticipate a fall in sales during the second quarter of the year, a significant drop from the 12% expecting growth in February.

The decline in optimism follows a fall in demand last month. A net balance of -25% of respondents reported a reduction in new buyer enquiries, while agreed sales also slipped, with a net balance of -7% reporting a fall—marking the second consecutive month in negative territory.

On the supply side, however, there was a more positive signal. A net balance of 24% of Welsh surveyors said there had been an increase in new instructions to sell.

Looking further ahead, the longer-term outlook remains more upbeat. Although the 12-month sales balance has now turned negative, a net balance of 33% of Welsh respondents still expect prices to be higher in a year’s time.

In the lettings market, a net balance of -17% of Welsh respondents reported a fall in tenant demand in March, while landlord instructions fell sharply, with -50% reporting a decline. Nonetheless, rents are expected to rise in the short term, with a net balance of 33% anticipating increases over the next three months.

Anthony Filice FRICS of Kelvin Francis Ltd in Cardiff said: “There are increased levels of instructions and a healthy level of viewings. Sales are being regularly agreed and vendors are increasingly taking advice on accepting offers.”

On the lettings market, he added: “There is a healthy choice of properties available, but with rising rents, tenants are taking time to select. The lower-priced properties are letting the quickest.”

RICS Chief Economist Simon Rubinsohn commented on the UK-wide picture: “The expiry of the stamp duty break was always likely to trigger a pause in activity. However, the latest results—and anecdotal evidence from respondents—suggest sentiment has also been dampened by the recent wave of negative macroeconomic news.

“Going forward, much will depend on the broader economic impact of the emerging trade war and how the Bank of England responds. While longer-term expectations remain relatively resilient, they could shift quickly if global headwinds intensify.”

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