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Firebrand union leader Len McCluskey has fired a vicious parting shot against Sir Keir Starmer, claiming Labour’s ship could  “go under” with him at the helm.

In hard-hitting memoirs to mark his retirement, the Unite general secretary known as “Red Len” suggests Sir Keir will fail to win back the “Red Wall” seats Labour lost to the Tories in 2019.

Mr McCluskey, still Jeremy Corbyn‘s chief union cheerleader, accuses the Labour leader of struggling to inspire the public, “vapid New Labour cliches”, and an “anti-democratic crackdown on the left”.

Len McCluskey is standing down
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Len McCluskey is standing down as leader of the Unite union

In the book, titled Always Red, he settles old scores with enemies in the Labour movement including Tom Watson and Gerard Coyne – the rival he narrowly defeated in an election in 2017 who is now a candidate for general secretary once again.

And Mr McCluskey also confirms one of Westminster’s worst kept secrets: that he is in a relationship with Mr Corbyn’s chief of staff Karie Murphy, who is singled out for praise several times in the book.

Writing about rumours about their “personal connection” when she went to work for Mr Corbyn, he admits to “a game of cat of mouse” with the press. “We wanted our relationship to be kept private, away from the public gaze,” he reveals.

But in the very last sentence in the book, he writes: “Finally, thank you to Karie for persuading me to write this book and giving me the love and support to see it through.”

More on Jeremy Corbyn

In a highly unusual move, several pages of what the publishers call “sensitive material”, including a showdown with Sir Keir about Mr Corbyn’s suspension from Labour, have been redacted until publication next month.

An uncompromising and highly critical chapter about the Labour leader, in which Mr McCluskey questions whether he is a “babe in the woods” or “altogether more calculating”, includes no fewer than 25 blacked out paragraphs.

Jeremy Corbyn
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Mr McCluskey was a staunch ally of Jeremy Corbyn during his tenure as Labour leader

The first redaction is about a phone conversation when Sir Keir told the Unite leader he had suspended Mr Corbyn over antisemitism, followed by more than two pages about a meeting with the leader and his deputy Angela Rayner.

Mr McCluskey writes: “Angela began by requesting our discussion be confidential. Given what happened subsequently, I no longer feel bound by that.”

Then comes the two-page redaction. And he adds defiantly: “I am so confident of the account I have given here that I have submitted it for use in legal proceedings and will stand by it in court.”

In a withering verdict on Sir Keir after Mr Corbyn’s suspension, Mr McCluskey writes: “I still hoped and believed that Keir Starmer could be Prime Minister.

“But I was fearful that if he continued on the course set in his first year of leadership he would not win back the red wall seats.

“If a general election was called early, which seemed possible, Starmer would have little time to rectify his mistakes.

“He still had the opportunity to change course, unite his party around a radical platform and make the promised ‘moral case for socialism’.

“But he needed to realise that if the ship he was captaining listed too far to the right, it would go under.”

On his feud with Mr Watson, Mr McCluskey talks about “the death of a friendship” when the then Labour deputy leader pulled out of peace talks with the unions during a coup against Mr Corbyn in 2018.

Sir Keir's mother died as he campaigned to become and MP in 2015, pictured
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The first redaction is about a phone conversation when Sir Keir Starmer told the Unite leader he had suspended Jeremy Corbyn over antisemitism

He adds: “I haven’t spoken to Tom since, save for a few barbed texts two years later when his attempt to unseat me as Unite’s general secretary failed.”

Accusing Mr Watson of “a view to doing Corbyn in” and being “duplicitous”, Mr McCluskey speculates that his motives may have been to become interim leader and maybe stay on without a contest.

“Whatever the truth, it was a squalid, ignoble way to end a valued friendship.”

On Mr Coyne, Mr McCluskey says; “There is no doubt that the 2017 Unite general secretary election was a proxy war. If they could take me down, they could take Jeremy down.

“Were it not for the group of right-wing MPs and officials sometimes dubbed the ‘West Midlands mafia’ – the likes of John Spellar, Jess Phillips and Tom Watson – I’m sure Coyne would have remained a man of no consequence.”

Accusing Mr Coyne of “pumping out lies” and a negative campaign, he writes: “It was vicious. It was horrible. It consisted almost entirely of personal attacks and smears against me.”

He also accuses his rival of being “not a good loser” and a “Trump-like crusade to overturn the election result”. But he also accuses Mr Watson of being involved in “this grubby attempt to dislodge me using underhand means”.

Mr Coyne is currently standing in the election to succeed Mr McCluskey against Steve Turner and Sharon Graham, with the result due in late August.

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Millionaire former Tory donor defects to Reform

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Millionaire former Tory donor defects to Reform

Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.

Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.

Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.

He added: “He will take Reform UK Scotland to a new level.”

During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.

The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.

“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.

Read more:
Nigel Farage dismisses school racism claims as ‘banter in a playground’
Farage allegations are deeply shocking – but will they deter voters?

“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.

“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.

“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”

The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.

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Claims made against Nigel Farage

Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.

Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.

Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.

Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.

A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

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‘European SEC’ proposal sparks licensing concerns, institutional ambitions

The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.

On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.

Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.

“I am even more concerned that the proposal makes ESMA responsible for both the authorisation and the supervision of CASPs, not only the supervision,” she told Cointelegraph.

The proposal still requires approval from the European Parliament and the Council, which are currently under negotiation. 

If adopted, ESMA’s role in overseeing EU capital markets would more closely resemble the centralized framework of the US Securities and Exchange Commission, a concept first proposed by European Central Bank (ECB) President Christine Lagarde in 2023.

Related: Bank of America backs 1%–4% crypto allocation, opens door to Bitcoin ETFs

EU plan to centralize licensing under ESMA creates crypto and fintech slowdown concerns

The proposal to “centralize” this oversight under a single regulatory body seeks to address the differences in national supervisory practices and uneven licensing regimes, but risks slowing down overall crypto industry development, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, told Cointelegraph.

“Without adequate resources, this mandate may become unmanageable, leading to delays or overly cautious assessments that could disproportionately affect smaller or innovative firms.”

“Ultimately, the effectiveness of this reform will depend less on its legal form and more on its institutional execution,” including ESMA’s operational capacity, independence and cooperation “channels” with member states, she said.

Related: Grayscale Chainlink ETF draws $41M on debut, but not ‘blockbuster’

Global stock market value by country. Source: Visual Capitalist

The broader package aims to boost wealth creation for EU citizens by making the bloc’s capital markets more competitive with those of the US.

The US stock market is worth approximately $62 trillion, or 48% of the global equity market, while the EU stock market’s cumulative value sits around $11 trillion, representing 9% of the global share, according to data from Visual Capitalist.

Magazine: EU’s privacy-killing Chat Control bill delayed — but fight isn’t over