Labour Leadership Shockwaves: Former health secretary Wes Streeting has launched a bid to challenge Keir Starmer, arguing Brexit was “a catastrophic mistake” and pushing for the UK to rejoin the EU, as Labour’s internal fight spills into markets and politics. Markets & Cost of Living: Sir Mel Stride warns Labour is eroding trust in UK gilts as borrowing costs climb, while forecasts point to inflation easing to around 3% in April before hovering near 4% for the rest of 2026. British Steel Renationalisation Fallout: A leading accountant says paying compensation to Chinese owners of British Steel would be “madness” because the firm is effectively worthless, even as the King’s Speech sets up a valuation-led compensation framework. Trade Tensions: India and the UK are working to unblock CETA after the UK’s new steel safeguard measure became a sticking point. Energy & Business Pitch: Libya’s state oil chief tells British firms the country is “open for business” as it seeks investment and production gains. Protests & Politics: Tens of thousands packed London for a far-right “Unite the Kingdom” march and a counter-demonstration, with police deploying a major operation. Banking Regulation: The government is set to loosen bank ring-fencing rules next week, potentially reshaping how major lenders run back-office operations.