Labour’s conference is opening in Brighton after Sir Keir Starmer was forced into a humiliating retreat over his attempt to re-write the party’s rulebook.
He had to put his reforms on hold after a backlash from unions and party activists, in what left-wing MPs said was an own goal that had weakened his authority.
The Labour leader is now attempting to salvage his proposals in talks with those trade unions he hopes will back them, though he may have to make significant concessions to win their support.
The conference opens with a speech by Angela Rayner, Labour’s deputy leader, who will commit the party to introduce a new deal for working people – including pay rises and new employment rights – if it wins the next election.
Ahead of her speech, Ms Rayner features in a glossy photoshoot in The Times’ Saturday magazine, accompanied by an interview in which she says she “definitely wouldn’t say no” to standing for party leader.
“If I felt it was the right thing to do for the party and the right thing for the country, then I would step up and do it,” she told The Times, in comments that will annoy Sir Keir and his inner circle at a time when his critics are questioning his leadership.
More on Labour
Related Topics:
The Labour leader was forced to abandon his plans to put his reforms – which include scrapping ‘one member, one vote’ for electing the party leader and returning to an electoral college of MPs, unions and activists – to a vote on the ruling national executive after opposition from unions.
But ahead of another meeting of the executive shortly before the conference opens, Sir Keir is to hold talks with three major unions, Unison, Usdaw and the GMB, which he hopes to persuade to back his proposals.
Image: Deputy leader Angela Rayner will speak at the opening of the party conference
It is thought that to win their support, however, the beleaguered Labour leader may have to drop some of his proposals, including his plans to bring back the electoral college, which was replaced with one member, one vote by former leader Ed Miliband in 2014.
Speaking to Sky News after Sir Keir withdrew his proposals, at least temporarily, former party chair and leading Jeremy Corbyn supporter Ian Lavery said the Labour leader had scored an own goal and his position as leader had been weakened.
“Had the consultation taken place with the unions, with the CLPs, things might have been different,” said Mr Lavery.
“It’s a huge lesson to be learned by Keir Starmer tonight, and that is everybody counts in the Labour Party, not just the few in the leader’s room.”
The left-wing pressure group Momentum said it celebrated the delay, declaring: “Starmer’s attack on democracy is floundering.
“This delay has been won by the grassroots members who have taken action to organise their delegates, lobby their unions and mobilise ahead of conference.
“But it is not over yet. We have to keep up the pressure to make sure this rule change and all the other regressive changes concocted by the leadership get comprehensively rejected.”
Image: Angela Rayner has been tipped as a possible replacement for Sir Keir
Just hours before the start of the conference, Sir Keir also came under attack from Mr Corbyn, his predecessor, who said: “Our movement has the answers to the big questions of the age – inequality, the climate crisis and the pandemic – but our leaders are failing to listen and put these solutions front and centre.
“At conference, I hope to hear how Labour will bring in a wealth tax to fund a National Care Service like the NHS, will take the radical action needed to decarbonise by 2030, stand against the drumbeat of a new Cold War, and will rein in the runaway wealth and power of a tiny elite.
“I know our trade unions and members have developed these policies. But the signs are that the party leadership wants to try to shut down debate, side-line the members and trade unions with the end result that Labour props up rather than challenges our broken political and economic system.”
In her speech pledging a new deal for workers, Ms Rayner will say: “It will be the driving mission of the next Labour government to end the poverty wages and insecure work that blights millions of lives and is holding back our economy. Labour will make Britain work for working people.
Image: Jeremy Corbyn is among those who have criticised Sir Keir
“Work should provide not just a proper wage that people can raise a family on, but dignity, flexibility and security. Better pay and more secure work is good for workers, good for businesses and good for the economy.
“Labour will deliver a new deal for working people so they get a fair share of the wealth they create, and within the first 100 days of the next Labour government we will sign this new deal for working people into law.”
“Working people don’t want a handout from a minister sat in Whitehall – workers want the power to stand up for themselves and demand their fair share and a better deal.”
She will add: “The best way to improve the lot of working people is collectively, achieving more by the strength of our common endeavour than we achieve alone.
“So the next Labour government will bring together representatives of workers and employers to agree fair pay agreements that will apply to every worker in each sector, starting in social care.
“Fair pay agreements will drive up pay, improve conditions in the workplace and stop bad bosses from exploiting their workers and driving down pay and standards for everyone.
“When Labour is in government there won’t just be a former social care worker and shop steward in the office of deputy prime minister, working people will have a seat at the cabinet table and their voices will be heard. The next Labour government will end poverty wages and insecure work for good.”
The US Securities and Exchange Commission’s latest document on its examination priorities for 2026 has noticeably omitted its regular section on crypto, seemingly in line with US President Donald Trump’s embrace of the industry.
On Monday, the SEC’s Division of Examinations released its examination priorities for the fiscal year ending Sept. 30, 2026, which made no specific mention of crypto or digital assets.
However, the SEC said that its stated priorities are not “an exhaustive list of all the areas the Division will focus on in the upcoming year.”
The US crypto industry has boomed under Trump, who has largely worked to deregulate the sector while his family has expanded their footprint into crypto with a trading platform, mining business, stablecoin and token.
“Examinations are an important component to accomplishing the agency’s mission, but they should not be a ’gotcha’ exercise,” SEC Chair Paul Atkins said in a statement.
Paul Atkins giving remarks at an SEC meeting in September. Source: Paul Atkins
“Today’s release of examination priorities should enable firms to prepare to have a constructive dialogue with SEC examiners and provide transparency into the priorities of the agency’s most public-facing division,” he added.
The Division of Examinations is responsible for probing organizations, including investment advisers, broker-dealers, clearing agencies, and stock exchanges, for compliance with federal securities laws.
Last year, under outgoing SEC Chair Gary Gensler, the Division said it would focus on the “offer, sale, recommendation, advice, trading, and other activities involving crypto assets,” explicitly naming spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds as a priority.
“Given the volatility and activity involving the crypto asset markets, the Division will continue to monitor and, when appropriate, conduct examinations of registrants offering crypto asset-related services,” the Division said last year.
The examination division also wrote a section dedicated to crypto assets and emerging financial technology in 2023.
In its latest priorities list, the SEC said it was focusing on “core areas,” including fiduciary duty, custody and customer information protection.
The SEC said in its report that it will focus on “the risks associated with the use of emerging technologies,” and made particular mention of artificial intelligence and automated investment tools.
A section of the agency’s report outlines that it will also give “particular attention” to firms’ ability to react and recover from cyber incidents, “including those related to ransomware attacks.”
Swiss crypto bank AMINA Bank AG said it has secured regulatory approval in Hong Kong to offer crypto trading and custody services to institutional clients in the region, adding its the first international bank to receive such permission.
AMINA said the “Type 1 license uplift” received from the Securities and Futures Commission would help it address a gap in the Hong Kong institutional crypto market, which has faced limited access to bank-grade crypto services due to the region’s high regulatory compliance standards.
The license will allow AMINA’s Hong Kong subsidiary to offer 13 cryptocurrencies — including Bitcoin (BTC), Ether (ETH), USDC (USDC), Tether (USDT) and major decentralized finance tokens.
📢 Crypto trading and custody – now available at AMINA Hong Kong!
Today, AMINA becomes the first international banking group to launch comprehensive crypto trading and custody services in Hong Kong.
It comes as AMINA reported a 233% increase in trading volume on Hong Kong crypto exchanges in the first half of 2025 compared to the same period last year, indicating that both retail and institutional traders are increasingly embracing the asset class.
Michael Benz, head of AMINA for Hong Kong, stated that the license would enable the company to expand into private fund management, structured products, derivatives and tokenized real-world assets, thereby providing a wider range of crypto offerings for its client base.
Hong Kong courts international crypto firms
Hong Kong has been positioning itself as a global crypto hub, and the latest approval could encourage other foreign firms to consider the market.
While AMINA claims to be the first international firm to win a Type 1 license upgrade, it is entering a market already serviced by local players such as Tiger Brokers, HashKey, and others.
Hong Kong launched new stablecoin rules in August
Hong Kong has adopted a cautious approach to crypto. It rolled out long-awaited stablecoin rules in August — prompting HSBC and ICBC to consider seeking licenses soon after.
Hong Kong tightened rules around self-custodying crypto in August, though the move was aimed more at reducing cybersecurity risks than restricting user freedom.
The home secretary has admitted the UK’s illegal immigrant numbers are “too high” – but said Nigel Farage can “sod off” after he claimed she sounded like a Reform supporter.
Speaking to Sky News’ political editor Beth Rigby, the home secretary said: “I acknowledge the numbers are too high, and they’ve gone up, and I want to bring them down.
“I’m impatient to bring those numbers down.”
She refused to “set arbitrary numbers” on how much she wanted to bring illegal migration down to.
Please use Chrome browser for a more accessible video player
2:40
Beth Rigby: The two big problems with Labour’s asylum plan
Earlier on Monday, Ms Mahmood announced a new direction in Labour’s plan to crack down on asylum seekers.
The “restoring order and control” plan includes:
• The removal of more families with children – either voluntarily through cash incentives up to £3,000, or by force; • Quadrupling the time successful asylum seekers must wait to claim permanent residency in the UK, from five years to 20; • Removing the legal obligation to provide financial support to asylum seekers, so those with the right to work but choose not to will receive no support; • Setting up a new appeals body to significantly speed up the time it takes to decide whether to refuse an asylum application; • Reforming how the European Convention on Human Rights (ECHR) is interpreted in immigration cases; • Banning visas for countries refusing to accept deportees; • And the establishment of new safe and legal refugee routes.
The home secretary wants to make it less attractive for illegal migrants to try to get to the UK by making it much harder to get permanent residence here, by overhauling human rights laws to make it harder for illegal migrants to stay, and by suspending UK visas to some countries who refuse to take back illegal migrants.
That’s the plan, but there are two really big problems.
The first one is the Labour Party.
Labour knows it has to try to win back voters turning to Reform, but also risks a backlash from those with more liberal values who believe Mahmood is abandoning what Labour stands for to them.
That’s the politics. But on the policy, they just have to deliver and so much is at stake.
There’s no doubt Keir Starmer’s Number 10 is in real trouble.
There’s now open chatter about whether he should lead Labour into the next general election and whether his chancellor really is the person to deliver on the economy as she faces into that very difficult budget.
With the government in the doldrums, there is a lot riding on this policy and this politician.
Beth was speaking after her interview with Shabana Mahmood, watch her full analysis in the video above.
Reform UK leader Nigel Farage said the plan was much like something his party would put forward, and said Ms Mahmood sounded like a Reform supporter.
The home secretary responded with her usual frankness, telling Rigby: “Nigel Farage can sod off. I’m not interested in anything he’s got to say.
“He’s making mischief. So I’m not going to let him live forever in my head.”
Please use Chrome browser for a more accessible video player
1:09
Home secretary announces details on asylum reform
You might need our support, says Badenoch
Her plans have also been tentatively welcomed by the Conservatives, with Kemi Badenoch suggesting the home secretary work with her in case of a rebellion by Labour MPs.
The backing of Tory MPs could “come in handy”, Ms Badenoch said.
The government’s attempts to cut the welfare bill earlier this year were thwarted by its own backbenchers, and the proposals announced on Monday have already attracted backlash from some on the left of the Labour Party.
Nadia Whittome MP called Ms Mahmood’s plans “dystopian” and “shameful”, while Richard Burgon MP said she should change course now rather than be forced into a U-turn later.
Image: Nigel Farage said the home secretary was sounding like a Reform supporter
Mahmood’s warning to Labour MPs
But Ms Mahmood has warned her colleagues that disrupting her bid to reform the asylum system – thus hoping to bring down the number of small boat crossings – risks “dark forces” coming to prominence.
Speaking in the House of Commons on Monday evening, Ms Mahmood said: “If we fail to deal with this crisis, we will draw more people down a path that starts with anger and ends in hatred.”
She later told Beth Rigby that Reform wanted to “rip up” indefinite leave to remain altogether, which she called “immoral” and “deeply shameful”.
The home secretary, who is a practising Muslim, was born in Birmingham to her Pakistani parents.
Earlier, in the House of Commons, she said she sees the division that migration and the asylum system are creating across the country. She told MPs she regularly endures racial slurs.