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Labour’s smashing victory in the Rutherglen and West Hamilton by-election is just the boost Sir Keir Starmer was hoping for as he heads to his party conference, where he wants to cement his image as a prime minister in waiting. 

It is the first time Labour have taken a seat from the SNP at a Westminster by-election.

If repeated at the approaching general election, the 20% swing to Michael Shanks the new MP, would give Labour some 40 seats, returning the party to the dominance it enjoyed before the surge of Scottish nationalism in the past decade.

Even half that total would give Labour a Tartan Wall bolstering the party’s chances of forming a majority government at Westminster rather than a hung parliament.

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‘We are the party of change’

But, for all Labour’s excitement, it is not a done deal yet. In her introduction to the handbook for the annual Labour conference, which begins in Liverpool this weekend, Labour’s deputy leader Angela Rayner says “Labour is preparing for power with a long-term plan to give Britain back its future” but she also insists “we’ll take nothing for granted”.

Her boss, Starmer, is more cautious still, telling his party: “We’re heading in the right direction. But now is the time to step up another gear.”

This leaves Labour with two tasks as they gather in Liverpool. They want to prepare for government – by outlining their plans and showing the public that they are a trustworthy and competent team in the centre ground of British politics.

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But they have got to win the next election first, and every word spoken on the banks of the Mersey will be scrutinized as to whether it is likely to attract or repel voters.

Labour leader Sir Keir Starmer with Scottish Labour leader Anas Sarwar (centre) and the new Labour MP for Rutherglen and Hamilton West Michael Shanks (left) at a rally following Scottish Labour's win in Rutherglen and Hamilton West by-election. Picture date: Friday October 6, 2023.
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Sir Keir Starmer with Scottish Labour leader Anas Sarwar (centre) and the new Labour MP for Rutherglen and Hamilton West Michael Shanks (left)

Many Tory MPs, business representatives and lobbyists did not bother to go to the Conservative conference last week in Manchester, sensing the end of an era. There will be many more sponsored stalls, receptions and fringe meetings in Liverpool because independent interests are anticipating a change of government.

Unless earth-shaking events elsewhere take attention away from the conference, Starmer’s leader’s speech at 2pm on Tuesday afternoon will be the most closely watched hour of his life. He is being auditioned as the likely next prime minister.

Starmer’s popularity lacks behind that of the party

Every focus group, vox pop and survey shows that people have not yet fully warmed to him. What people think of the party leader is a strong indicator of how people will actually vote.

Starmer’s popularity lags behind Labour’s.

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In the post-Tory conference YouGov poll for The Times, Labour is well ahead at 45% voting intention but Starmer rates only 34% as “best prime minister”. Rishi Sunak on 25% is about the same as his party’s 25%.

Word clouds showing what descriptions ordinary people attach to Sunak feature “rich”, “himself” and “money” prominently.

Starmer gets “boring”, “dull”, “untrustworthy” and “weak”. The two leaders have noticed these digs and routinely punch each other’s bruises in their exchanges.

In Liverpool, Starmer will need to be tougher on his opponent than mocking him for being super-wealthy and out of touch.

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PM’s speech: Three key takeaways

In his leader’s speech last week, Sunak tried to launch himself as the “change” candidate. He disassociated himself from the last five Conservative prime ministers and did a U-turn on the full HS2 rail programme which he, David Cameron and Boris Johnson all previously backed.

Yet until now, the public has been more receptive to charges of “flip-flopping” repeatedly levelled by Tory campaigners against Starmer.

This was at the focus of Sunak’s personal attack on him last week.

“The worst thing about Sir Keir is that he just says whatever he thinks will benefit him the most”, the prime minister told his audience in Manchester. “It doesn’t matter whether he can deliver it, doesn’t matter if it’s true, it doesn’t matter if he said the opposite just a few weeks or months ago.”

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Starmer’s service as a loyal member of Jeremy Corbyn’s shadow cabinet and his shifting policy answers to the shock of Brexit are key exhibits for the prosecution.

Starmer has dealt with the first by expelling Corbyn from Labour and abandoning the Corbynite policy pledges he made to get elected.

Starmer has dodged an obvious trap, but could face problems over Europe

Europe could yet cause problems for him in Liverpool.

Labour has only grudgingly accepted the strict limits he has placed on future ties with the EU and the leadership is fighting off calls from the grassroots for a debate on EU policy at the conference.

Labour has already endorsed Sunak’s proposal to phase out tobacco sales this century, and can easily navigate his second conference idea of reforming A-levels over the next decade.

By accepting Sunak’s abandonment of HS2 because the Tory “wrecking ball” has already done its work, Starmer has dodged the most obvious trap set for him.

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PM announces launch of ‘Network North’

The Conservatives will not be able to challenge him on how HS2 will be paid for as well as the “Network North” road and rail schemes to which Sunak says he will redirect £36bn of savings.

Shadow chancellor Rachel Reeves will keep her iron grip on spending but some in Liverpool will be disappointed by Starmer, yet again falling in line with Tory plans.

Starmer’s speech will have to go beyond ‘if not them, why us?’

To the outrage of Conservative grandees, Labour has one significant advantage this year.

The traditional annual order for conferences is Liberal Democrats first, then Labour, then Conservatives. This autumn, more by accident than design, Labour is going last.

Starmer and his team will have the last word in what is generally expected to be the last conference campaigning season before the election.

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Labour leader criticises PM for not addressing cost of living crisis

Last week, Sunak avoided talking about housing and the cost of living crisis and failed to engage with any detail with the rail and doctors strikes or how he plans to deliver net zero, “stop the boats” or engineer economic growth.

Labour have the opportunity to deal with all these topics, which top most peoples’ worry lists.

Each day the main conference debates have been termed Mission Plenaries, on the five “missions” which Starmer set at the beginning of the year: sustained growth, safe streets, the NHS, social mobility and green energy.

But Starmer’s speech will need to go beyond “if not them, why us?”

He also has to ridicule Sunak’s bid to escape the Tory record by posing as the true change candidate.

A senior Labour campaigner likened Sunak’s shift to a snake shedding its skin, pointing out that Theresa May, Boris Johnson and Liz Truss all tried the same trick of “vote for us to keep us in power so we can change everything”.

The former director of Public Prosecutions cannot afford to be “boring”. To seize the moment, he will need to summon more Neil Kinnock-style fury or Tony Blair-style scorn than he has managed so far.

Labour leader Sir Keir Starmer with Scottish Labour leader Anas Sarwar (right) and the new Labour MP for Rutherglen and Hamilton West Michael Shanks (centre) at a rally following Scottish Labour's win in Rutherglen and Hamilton West by-election. Picture date: Friday October 6, 2023. PA Photo. The seat was vacated after former SNP MP Margaret Ferrier was ousted in a recall petition. Ms Ferrier was kicked out of the SNP for breaching Covid regulations by travelling between London and Glasgow after

Whether Starmer raises the roof or not, Labour delegates will sober up within 24-hours of leaving Liverpool. Next Thursday, the party faces daunting tests in two by-elections in England in constituencies held by the Conservatives.

In Nadine Dorries’ old seat of Mid Bedfordshire a 19% swing from the Conservatives would do it – the party took Selby & Ainsty this summer with a swing of 23%. But the main opposition parties are fighting each other and could end up splitting the anti-Tory vote.

The other contest in Tamworth, caused by the resignation of Tory whip Chris Pincher, demonstrates the changes in the political landscape that England has undergone since the last time Labour was seriously threatening an incumbent Conservative government – and the difficulty of the challenge facing Starmer and his party.

In 1996 for Sky News I covered another by-election in Tamworth – or South East Staffordshire, as pretty much the same constituency was then called.

The new Labour leader Tony Blair was riding high and Labour captured the seat from the Conservatives with a 22% swing.

Blair speaking at Labour Party conference in 1996
Image:
Blair speaking at Labour Party conference in 1996

The new MP Brian Jenkins held Tamworth throughout the New Labour years until 2010. Nobody is talking up Labour’s chances of victory in the by-election in Tamworth this time – even though it would take an almost identical swing this time as back then.

Tamworth and surrounding areas voted heavily for Brexit and that changed a lot. In the neighbouring Black Country, Labour now has only three of the 13 seats it held in Blair’s heyday.

Never mind the party conference hot air, Labour victories in either or both of these English by-elections would really show that Sir Keir Starmer has shifted Labour into top gear towards general election victory.

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Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid

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Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid

Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid

UFC fighter turned Irish political candidate Conor McGregor has endorsed the idea of building a Bitcoin reserve in his country to give more “power back to the people.”

“Crypto in it’s origin was founded to give power back to the people. An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor wrote to X on May 9.

The former UFC champion said he would discuss his plans in more detail in an upcoming X spaces, prompting responses from some of the Bitcoin industry’s most prominent leaders.

Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid
Source: Conor McGregor

“We need the greatest minds for this BTC Reserve. Message me and lets chat on my space,” McGregor said in response to Bitcoiner and host of The Pomp Podcast, Anthony Pompliano.

One of US President Donald Trump’s crypto advisors, David Bailey, also reached out, to which McGregor responded: “David message me, let’s discuss your ideas!” 

McGregor announced his independent candidacy for the Irish presidency in late March 2025, centering his campaign on anti-immigration policies and combating crime.

Ireland’s next presidential election must take place by Nov. 11, 2025, as the term of the current President, Michael D. Higgins, is set to end the day after.

Establishing a Bitcoin reserve — let alone one coming from a minor, independent party — would be no easy feat.

Despite recent regulatory progress, the US, El Salvador and Bhutan are among the few countries that have established a Bitcoin reserve to date.

Related: US has ‘countless’ ways to bolster Bitcoin reserve: Bo Hines

McGregor’s political visibility was recently boosted by a trip to the White House, where he met Trump and received his support.

However, McGregor is facing intense scrutiny in Ireland, having recently been found guilty of sexual assault in a civil case — a conviction which he has since appealed — while also previously being investigated for hate speech crimes.

McGregor’s last crypto endeavor failed

McGregor’s push for a Bitcoin reserve comes a little over a month after the McGregor-backed REAL project failed to attract sufficient funding in its token launch pre-sale, prompting a full refund to all token bidders.

The team behind the project, Real World Gaming, only raised $392,315 over a 28-hour presale on April 5 and 6, less than half of the $1 million minimum requirement that it initially set.

Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid
Source: Conor McGregor

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

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Ukraine presses Russia for 30-day ceasefire as Starmer among leaders in Kyiv for talks

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Ukraine presses Russia for 30-day ceasefire as Starmer among leaders in Kyiv for talks

Sir Keir Starmer has joined other European leaders in Kyiv to press Russia to agree an unconditional 30-day ceasefire.

The prime minister is attending the summit alongside French President Emmanuel Macron, recently-elected German Chancellor Friedrich Merz and Polish Prime Minister Donald Tusk.

It is the first time the leaders of the four countries have travelled to Ukraine at the same time – arriving in the capital by train – with their meeting hosted by President Volodymyr Zelenskyy.

Britain's Prime Minister Keir Starmer meets with French President Emanuel Macron and German Chancellor Friedrich Merz on board a train to the Ukrainian capital Kyiv where all three will hold meetings with Ukrainian President Volodymyr Zelensky, May 9, 2025. Stefan Rousseau/Pool via REUTERS
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Sir Keir Starmer, Emmanuel Macron and Friedrich Merz travelling in the saloon car of a special train to Kyiv. Pic: Reuters

Leaders arrive in Kyiv by train. Pic: PA
Image:
Leaders arrive in Kyiv by train. Pic: PA

It comes after Donald Trump called for “ideally” a 30-day ceasefire between Kyiv and Moscow, and warned that if any pause in the fighting is not respected “the US and its partners will impose further sanctions”.

Security and defence analyst Michael Clarke told Sky News presenter Samantha Washington the European leaders are “rowing in behind” the US president, who referred to his “European allies” for the first time in this context in a post on his Truth Social platform.

“So this meeting is all about heaping pressure on the Russians to go along with the American proposal,” he said.

“It’s the closest the Europeans and the US have been for about three months on this issue.”

Sir Keir Starmer, Volodymyr Zelenskyy and Emmanuel Macron among world leaders in Kyiv. Pic: AP
Image:
Sir Keir Starmer, Volodymyr Zelenskyy and Emmanuel Macron among world leaders in Kyiv. Pic: AP

Trump calls for ceasefire. Pic: Truth Social
Image:
Trump calls for ceasefire. Pic: Truth Social

Ukraine’s foreign minister Andrii Sybiha said Ukraine and its allies are ready for a “full, unconditional ceasefire” for at least 30 days starting on Monday.

Ahead of the meeting on Saturday, Sir Keir, Mr Macron, Mr Tusk and Mr Merz released a joint statement.

European leaders show solidarity – but await Trump’s backing


Dominic Waghorn - Diplomatic editor

Dominic Waghorn

International affairs editor

@DominicWaghorn

The hope is Russia’s unilateral ceasefire, such as it’s worth, can be extended for a month to give peace a chance.

But ahead of the meeting, Ukrainian sources told Sky News they are still waiting for President Donald Trump to put his full weight behind the idea.

The US leader has said a 30-day ceasefire would be ideal, but has shown no willingness yet for putting pressure on Russian president Vladimir Putin to agree.

The Russians say a ceasefire can only come after a peace deal can be reached.

European allies are still putting their hopes in a negotiated end to the war despite Moscow’s intransigence and President Trump’s apparent one-sided approach favouring Russia.

Ukrainians would prefer to be given enough economic and military support to secure victory.

But in over three years, despite its massive economic superiority to Russia and its access to more advanced military technology, Europe has not found the political will to give Kyiv the means to win.

Until they do, Vladimir Putin may decide it is still worth pursuing this war despite its massive cost in men and materiel on both sides.

“We reiterate our backing for President Trump’s calls for a peace deal and call on Russia to stop obstructing efforts to secure an enduring peace,” they said.

“Alongside the US, we call on Russia to agree a full and unconditional 30-day ceasefire to create the space for talks on a just and lasting peace.”

Sir Keir Starmer and Volodymyr Zelenskyy during a meeting in March. Pic: AP
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Sir Keir and Volodymyr Zelenskyy during a meeting in March. Pic: AP

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Putin’s Victory Day parade explained

The leaders said they were “ready to support peace talks as soon as possible”.

But they warned that they would continue to “ratchet up pressure on Russia’s war machine” until Moscow agrees to a lasting ceasefire.

“We are clear the bloodshed must end, Russia must stop its illegal invasion, and Ukraine must be able to prosper as a safe, secure and sovereign nation within its internationally recognised borders for generations to come,” their statement added.

“We will continue to increase our support for Ukraine.”

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Read more:
Russia’s VE Day parade felt like celebration of war
Michael Clarke Q&A on Ukraine war
Ukraine and Russia accuse each other of breaching ceasefire

The European leaders are set to visit the Maidan, a central square in Ukraine’s capital where flags represent those who died in the war.

They are also expected to host a virtual meeting for other leaders in the “coalition of the willing” to update them on progress towards a peacekeeping force.

Military officers from around 30 countries have been involved in drawing up plans for a coalition, which would provide a peacekeeping force in the event of a ceasefire being agreed between Russia and Ukraine.

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This force “would help regenerate Ukraine’s armed forces after any peace deal and strengthen confidence in any future peace”, according to Number 10.

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UK to become ‘safe harbor’ for crypto with new draft rules — experts

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UK to become ‘safe harbor’ for crypto with new draft rules — experts

UK to become ‘safe harbor’ for crypto with new draft rules — experts

On April 29, 2025, UK Finance Minister Rachel Reeves unveiled plans for a “comprehensive regulatory regime” aimed at making the country a global leader in digital assets.

Under the proposed rules, crypto exchanges, dealers, and agents will be regulated similarly to traditional financial firms, with requirements for transparency, consumer protection, and operational resilience, the UK Treasury said in a statement released following Reeves’ remarks.

Per the statement, the Financial Services and Markets Act 2000 (Cryptoassets) Order 2025 introduces six new regulated activities, including crypto trading, custody, and staking.

Rather than opting for a light-touch regime similar to the EU’s Markets in Crypto-Assets (MiCA), the UK is applying the full weight of securities regulation to crypto, according to UK-based law firm Wiggin. That includes capital requirements, governance standards, market abuse rules, and disclosure obligations.

“The UK’s draft crypto regulations represent a meaningful step toward embracing a rules-based digital asset economy,” Dante Disparte, chief strategy officer and head of global policy at Circle, told Cointelegraph.

“By signaling a willingness to provide regulatory clarity, the UK is positioning itself as a safe harbor for responsible innovation.”

Disparte added that the proposed framework can provide the predictability needed to “scale responsible digital financial infrastructure in the UK.”

UK to become ‘safe harbor’ for crypto with new draft rules — experts
Source: Mica Crypto Alliance

Related: Revolut doubles profits to $1.3B on user growth, crypto trading boom

UK’s new crypto rules are “net positive”

Vugar Usi Zade, the chief operating officer (COO) at Bitget exchange, also expressed optimism regarding the new regulations, claiming that it “is a net positive” for the industry.

“I think a lot of companies recently exited or hesitated to enter the UK because they were not clear about what activities, products, and operations need FCA authorization. Firms finally get clear definitions of “qualifying crypto assets” and know exactly which activities—trading, custody, staking or lending—need FCA authorization.”

For exchanges, including Bitget, the UK’s draft rules mean they need full approval from the Financial Conduct Authority (FCA) to offer crypto trading, custody, staking, or lending services to UK users.

The rules also give companies two years to adjust their systems, like capital and reporting. “Mapping each service line to the new perimeter adds compliance overhead, but that clarity lets us plan product roll‑outs and invest in local infrastructure,” Zade said.

The new draft regulations reclassify stablecoins as securities, not as e-money. This means UK-issued fiat-backed tokens must meet prospectus-style disclosures and redemption protocols. Non-UK stablecoins can still circulate, but only via authorized venues.

Zade claimed that excluding stablecoins from the Electronic Money Regulations 2011 (EMRs), which keeps them out of the e‑money sandbox, could slow their use for payment.

However, Disparte, whose firm is the issuer of USDC (USDC), the world’s second-largest stablecoin by market capitalization, said predictability is key to fostering responsible growth in the UK.

“What matters most is predictability: a framework that enables firms to build, test, and grow responsibly—without fear of arbitrary enforcement or shifting goalposts. If realized, this could mark a pivotal moment in the UK’s digital asset journey.”

UK to become ‘safe harbor’ for crypto with new draft rules — experts
Ripple’s Cassie Craddock praising new UK draft rules. Source: Cassie Craddock

Related: UK regulator moves to restrict borrowing for crypto investments

UK to require FCA approval for foreign crypto firms

Among the biggest changes as part of the new draft rules is the territorial reach. Non-UK platforms serving UK retail clients will need the FCA authorization. The “overseas persons” exemption is limited to certain B2B relationships, effectively ring-fencing the UK retail market.

Crypto staking enters the perimeter as well. Liquid and delegated staking services must now register, while solo stakers and purely interface-based providers are exempt. New custody rules extend to any setup that gives a party unilateral transfer rights, including certain lending and MPC (multiparty computation) arrangements.

“Some DeFi nuances still need fleshing out, but the direction is toward efficient, tailored compliance rather than blanket restriction,” Bitget’s Zade said.

He added that the broad “staking” definition might sweep in non‑custodial DeFi models lacking a central provider. “Proposed credit‑card purchase restrictions—though aimed at high‑risk use—could dampen retail participation in token launches,” he said.

Furthermore, Zade said bank‑grade segregation rules for client assets could burden lean DeFi projects. “Final rule tweaks will need to mitigate these side effects.”

The FCA plans to publish final rules on crypto sometime in 2026, setting the groundwork for the UK regulatory regime to go live. The roadmap to greater regulatory clarity in the UK could follow the European Union, which started to implement its MiCA framework in December.

Magazine: Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express

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