Labour leader Sir Keir Starmer faces an imminent leadership contest, with growing support for Greater Manchester Mayor Andy Burnham following recent election setbacks.
Labour by-election candidate Andy Burnham has stated that UK net migration "needs to fall further", acknowledging public concern and supporting Home Secretary Shabana Mahmood's proposals to restrict permanent settlement. This follows Office for National Statistics data indicating a significant reduction in net migration since 2024.
Standard Chartered chief executive Bill Winters apologised after characterising employees whose roles are susceptible to automation by artificial intelligence (AI) as "lower value human capital" at a recent conference. Winters stated the bank anticipates cutting approximately 7,800 back-office positions over the next four years, representing about 15% of such roles.
