Curated News Summary

Starmer nationalises British Steel and visits Ukraine on last full day as Labour leader – UK politics live

Source: The Guardian Published Thu, 16 Jul 2026 08:59:13 GMT
Starmer nationalises British Steel and visits Ukraine on last full day as Labour leader – UK politics live

Why This Matters

The nationalisation of British Steel by outgoing Labour leader Keir Starmer marks a significant shift in the party's economic policy, potentially setting the stage for a more interventionist approach under new leader Andy Burnham. This move has sparked concerns about the direction of the party, with some critics warning that a Labour government subservient to the City of London could be catastrophic for the country. The cabinet appointments, including the potential selection of Shabana Mahmood as chancellor, will be closely watched for signs of a return to the Blair-era politics.

Outgoing PM moves to cements his legacy before his replacement by Andy Burnham as party leader tomorrowZack Polanski, the Green party leader, says reports saying Shabana Mahmood is now set to be Andy Burnham’s chancellor have shown he would be “subservient to the City”.Polanski posted this on social media this morning.We don’t know what the cabinet will be yet, but the mood music is ominous.A Labour Party subservient to the City of London and harking back to the Blair years would be catastrophic for this country.“City relieved” = Burnham’s government won’t challenge the power of the bankers, or tax their wealth.Who is choosing our politicians - the people or the banking sector?Argentina fans celebrated their victory jubilantly, with some near the pitch holding a banner which read “Las Malvinas son Argentinas”, which translates to “The Falkland Islands are Argentinian”.The banner referring to the dispute over the British overseas territory made its way to the players, who held it up as they revelled in their win. Continue reading...

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