Andy Burnham enters Makerfield by-election, impacting Labour dynamics

London mayor accused of ‘putting politics above public safety’ for rejecting deal to use AI in intelligence analysis Palantir has accused Sadiq Khan of “putting politics above public safety” after the London mayor blocked its £50m contract with the Metropolitan police in a move that has also led to tensions inside Labour over its involvement with the US tech company. Louis Mosley, who heads Palantir in the UK and Europe, accused Khan of politicising procurement after he rejected a two-year deal for Scotland Yard to use AI to process intelligence in criminal investigations, as first revealed by the Guardian. Mosley said: “What Londoners value is not being mugged, not being raped by a serving police officer.” Continue reading...

Streeting's challenge could intensify Labour's internal strife, potentially reshaping its leadership and policy direction by 2026. The post Wes Streeting challenges Keir Starmer for Labour leadership amid party tensions appeared first on Crypto Briefing.

The actions of Rayner, Streeting, and Burnham may accelerate leadership changes, increasing political instability within the Labour Party. The post Angela Rayner, Wes Streeting, Andy Burnham weaken UK PM in 12 hours appeared first on Crypto Briefing.

The post Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat appeared on BitcoinEthereumNews.com. GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows. The Pound Sterling came under heavy pressure on Thursday as the political crisis around Prime Minister Keir Starmer deepened. After Labour’s heavy losses in the 7 May local elections, four cabinet ministers resigned this week, including Safeguarding Minister Jess Phillips, and close to 100 Labour MPs publicly called on Starmer to resign or set a departure timeline. Health Secretary Wes Streeting was reported to be weighing a leadership challenge, although Starmer remained defiant after 111 MPs signed a statement of support. Stronger UK data failed to lift the currency: Q1

The post British Pound: Political risks and Gilt reprieve – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership. They highlight internal Labour Party dynamics, with several senior figures leaning left on spending and borrowing but favouring closer EU ties, while identifying Wes Streeting as the most market-friendly, fiscally conservative option. Gilts steady as Labour risks evolve “In the UK, the selloff in Gilts abated after the spike to multi-year highs in long-end yields over concerns for a loosening of fiscal rules under a more left-wing Labour party leadership.” “Health Secretary Wes Streeting could trigger a leadership contest as early as today and with Andy Burnham not in a position to contest, Angela Rayner indicated she may run after being cleared by HMRC of deliberate wrongdoing

Labour's internal strife may destabilize UK politics, affecting leadership dynamics and market predictions for future political outcomes. The post Wes Streeting eyes Labour leadership as Starmer faces potential ouster by 2026 appeared first on Crypto Briefing.

Streeting's leadership bid highlights internal Labour tensions, potentially destabilizing Starmer's leadership and impacting party direction. The post Wes Streeting secures MP backing, eyes Labour leadership challenge appeared first on Crypto Briefing.

The post If You Fail To Address Citizens’ Concerns, You’ll Lose To The Fringe appeared on BitcoinEthereumNews.com. Why are nontraditional political parties and factions, many of them on the extreme, gaining strength in Europe and elsewhere? Local elections in Britain last week were stunning. They underscored a trend that has been building for years, not only in the UK but also in almost all other well-established democracies. Radicalism is on the rise. The two traditional ruling parties—Labour and Conservative—were smashed. Labour suffered its lowest percentage of the popular vote in over a century. The Conservatives, who had had their worst electoral performance in the national election of 2024, failed to make a comeback. In fact, they lost ground. In the U.S. a significant portion of the public regards both parties with disdain. Most voters think the country is going in the wrong direction. In Germany the approval rating of Chancellor Friedrich Merz is the worst since democracy was r