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Sir Keir Starmer could end up allowing Donald Trump to use British bases to launch strikes on Iran, Harriet Harman has said.

Speaking to Beth Rigby on the Electoral Dysfunction podcast, Baroness Harman said this was despite the prime minister being part of a generation “shaped” by opposition to the Iraq War.

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Baroness Harman was solicitor general when Sir Tony Blair decided to take Britain to war in Iraq alongside the United States in 2003.

She said the decisions made by Sir Tony would be “burning bright” in Sir Keir‘s mind.

Former Prime Minister Tony Blair (left) and Labour leader Sir Keir Starmer discuss politics during the Tony Blair Institute for Global Change's Future of Britain Conference in central London. Picture date: Tuesday July 18, 2023.
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Tony Blair’s decision to go to war in Iraq will be ‘burning bright’ in the PM’s mind, Baroness Harman said. Pic: PA

“He’s part of the political generation of the Labour Party that grew up, which was shaped by its opposition to what Tony Blair was doing in relation to Iraq,” Baroness Harman said.

“So it would be a massive change for him.”

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Asked if the UK could end up giving permission for US aircraft to use British military bases on Cyprus and Diego Garcia, but not go any further than that, Baroness Harman said: “Exactly”.

Soldiers guard the security gate of RAF Akrotiri, a British military base in Cyprus, September 30, 2024. REUTERS/Elias Marcou
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Soldiers guard the security gate of RAF Akrotiri, a British military base in Cyprus. File pic: Reuters

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‘Questions’ on legality of Israel’s actions in Iran
Donald Trump ‘may or may not’ strike Iran

Sky News reported on Thursday that Attorney General Richard Hermer has raised questions over whether Israel’s actions in Iran are lawful, potentially limiting what support he believes the UK could offer the US.

Baroness Harman said that for Sir Keir, the “rules-based international order is the most important thing”.

“If the attorney general says that the government can’t do something because it’s illegal, it can’t do it. So he’s in a very crucial position,” she added.

Harriet Harman (R) told Beth Rigby she thought Sir Keir Starmer's reaction to Liz Saville Roberts was not the way to go
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Harriet Harman (R) with Beth Rigby

But Baroness Harman said it would be difficult for Sir Keir to say “thank you for the trade deal” to Mr Trump and then deny the president use of the airbases.

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SEC lawsuit puts Shima Capital’s future in question as wind-down message surfaces

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2 hours ago

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December 17, 2025

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SEC lawsuit puts Shima Capital’s future in question as wind-down message surfaces

Screenshots of an internal email outlining plans to wind down Shima Capital have surfaced online, days after the US Securities and Exchange Commission sued the crypto venture firm and its founder over allegations of investor fraud.

On Nov. 25, the SEC charged Shima Capital Management LLC and its founder, Yida Gao, with making false and misleading statements while raising almost $170 million from investors, the agency announced on Dec. 3.

The complaint, filed in the US District Court for the Northern District of California, alleged that Gao inflated his investment track record in marketing materials used to raise capital for Shima Capital Fund I between 2021 and 2023.

According to the SEC, Gao claimed one prior investment had delivered a 90x return, when the actual return was closer to 2.8x. The regulator also alleged that when discrepancies in the pitch deck were about to be reported publicly, Gao told investors the issues were the result of clerical errors.

SEC alleges $1.9 million undisclosed gain

Separately, the SEC claimed that Gao raised about $11.9 million through a special purpose vehicle tied to BitClout tokens, telling investors that they would be protected by discounted token purchases. While Gao did acquire tokens at a discount, the SEC said he sold them to the SPV at a higher price without disclosing that he personally retained about $1.9 million in profits.

Related: Crypto fundraising sets new record of $3.5B in a single week

In a Wednesday post on X, crypto journalist Kate Irwin shared screenshots of an email allegedly sent by Gao to portfolio founders. In the screenshots, Gao purportedly said he would step down as managing director of Shima Capital and that the fund would undergo an “orderly wind-down.”

Gao’s alleged email to portfolio companies. Source: Kate Irwin

The screenshots purportedly show Gao stating that the SEC and Department of Justice actions are related to his personal conduct, not that of Shima Capital’s portfolio companies, and claiming that no fines have been imposed on the company.

The screenshots also show that independent advisers from FTI Consulting and FTI Capital Management would oversee the wind-down process and monetization of investments, while Shima’s finance team would remain in place. Gao allegedly said he would remain involved with portfolio support “as permitted,” but without management control.

Cointelegraph could not independently verify the email. We reached out to Shima Capital and some of the fund’s portfolio companies for confirmation, but had not received responses at the time of publication.

Related: A beginners guide on raising funds using cryptocurrencies

Shima Capital launched with $200 million debut fund

In 2022, Shima Capital announced the launch of its first venture fund, Shima Capital Fund I, raising $200 million to back early-stage blockchain startups. Founded in 2021 by Gao, the firm said the fund received backing from a range of prominent investors, including Dragonfly Capital, Animoca Brands, OKX Blockdream Capital, Republic and Andrew Yang.