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Latest Business News, Business News India Today | The HinduBusinessLine

Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Modi seeks opposition backing to implement women’s reservation before 2029 polls West Asia crisis: Ludhiana handtool export units face labour, gas supply shortages, high input costs Patent application filings in India rise 30.2% to 1.43 lakh in 2025-26: Goyal Meet the man with 138 degrees: Dashrath Singh, an ex-serviceman, earns latest qualification from IGNOU Europe missed AI bus, but India has potential to catch up: Former WEF Director AIG Hospitals, ICMR team up for digital health innovation Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Legendary playback singer Asha Bhosle dies at 92 Signature Global cuts net debt by 77% to ₹200 crore in FY26 Iran aims to restore majority of refining capability within two months Supreme Court to hear on Monday pleas related to SIR of electoral rolls in West Bengal US, India hold engagements to advance defence cooperation Trump shares article suggesting option with him to enforce naval blockade on Iran NCLAT reaffirms project-specific insolvency proceedings against realty firms Iran-US talks in Pakistan ended without deal as Tehran cites ‘excessive demands’ from US Two supertankers U-turn in Hormuz as US-Iran talks break down Time has come to implement Women's Reservation Act: PM Modi's letter to LS, RS floor leaders Iran war diverts US military, attention from Asia ahead of Trump's summit with China's leader Trump says China will have big problems if it ships arms to Iran India will soon become self-reliant in defence sector, find itself among leading nations of the world: Rajnath Singh Pakistan to continue facilitating US-Iran talks, says Dar; urges ceasefire More than 2,000 people killed by Israeli strikes in Lebanon during Israel-Hezbollah war: officials Iran denies US claims of mine clearing ships’ passage through Strait of Hormuz AI to reduce uncertainties and expand opportunities - RBI DG EAM Jaishankar meets members of Indian community in UAE 4 ways war in Iran has weakened United States in great power game US-Iran talks fail after 21 hours in Islamabad, JD Vance cites nuclear deadlock Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Islamabad talks: US and Iran begin negotiations aimed at ending West Asia conflict 51.5 lakh LPG cylinders delivered, 8.7 lakh Indians return amid West Asia crisis: Government India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran India, Japan discuss Strait of Hormuz security IPL 2026: Ad volume witness marginal dip in first 13 matches MAHE and Helogen Corporation partner for space-based biomedical research Share of Indian employees ‘engaged’ at work on a decline, says report AP CM Naidu asks Centre to expedite Srikakulam–Kakinada natural gas pipeline project PMMY at 11: Funding the unfunded, powering MSME-Led growth Karnataka to collaborate with medical colleges to strengthen govt health centres Army clears Col Purohit for Brigadier rank after Tribunal stays retirement New TB vaccines safe but may not protect against all forms of infection: Phase-3 study Rubio to visit India in May as ties with New Delhi improve Vice president releases latest edition of Constitution in Sindhi ‘Jana Nayagan’ leaks online, makers initiate legal action Jaiprakash Gaur backs Adani Group's acquisition of JAL assets Power demand to rise up to 6% in this financial year amid expected El Nino-led heat: Crisil India records highest-ever annual solar capacity addition of 45 GW in FY 2025-26: Pralhad Joshi Shimla records coldest April night in 46 years, temperature drops to 3.6°C: IMD World shares mostly higher, oil gains ahead of planned US-Iran ceasefire talks No impact of Iran war on India business, says Salesforce’s Arundhati Bhattacharya Global growth to slow to 3.2% in 2026, amid largest energy shock on record due to West Asia crisis: S&P India poised to lead global net zero transition with 150 GW solar milestone: Pralhad Joshi India pushes defense self-reliance amid West Asia conflict In Bengal, will the Left’s vote shift to the Right? Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility US, Iran prepare for ceasefire talks as Netanyahu authorises negotiations with Lebanon BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Steven Spielberg’s Jaws returns to theatres in 4K restoration on April 17 Approach authorities instead of rushing to court, SC tells petitioner who filed 25 PILs NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Political climate gets Madurai temperatures soaring Allahabad HC judge Yashwant Varma resigns a year after cash row; probe continues Zelenskyy says Ukrainian forces shot down Shahed drones in Middle Eastern countries during Iran war India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman ISRO successfully conducts second integrated air drop test for Gaganyaan mission Vedanta Aluminium signs pact with two downstream companies SC regularises interim bail granted to Gujarat-based journalist in money laundering case Trump ramps up threats against Iran on Hormuz before talks FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season ADB suggests unified social protection framework to cut duplication Trump's tenuous Iran exit plan isn't healing Republican rifts exposed by the war Vance sets off to Pakistan to lead talks with Iran as war’s ceasefire remains shaky Godrej Properties reports record ₹34,171 crore sales bookings in FY2026, up 16% BCCI mourns passing of former India cricketer CD Gopinath Former Iran FM Kamal Kharrazi dies from wounds sustained in US-Israeli attack: Reports West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh South India Dargah Mosque Association extends support to AIADMK-NDA alliance
Why Keir Starmer resigned: A closer look at his political journey
AP- PTI · 2026-06-22 · via Latest Business News, Business News India Today | The HinduBusinessLine

Dutiful rather than dynamic, Keir Starmer was elected Britain's prime minister to be a safe pair of hands who would end years of political chaos under the Conservatives.

His term is ending less than two years later after missteps, party infighting and one colossal error of judgment that indirectly ensnared him in the scandals surrounding Jeffrey Epstein, a man he had never met and whose sexual crimes he was not complicit in.

On Monday, Starmer said in an emotional statement that he is stepping down as leader of the governing Labour Party, though he will remain caretaker prime minister until a new Labour leader is chosen in coming weeks.

“The question my party is asking now is whether I am best placed to lead us into the next general election,” he said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.” Starmer's selling point was “no more soap opera politics,” said Rob Ford, a political science professor at the University of Manchester. Instead, Ford said, his government was “the antithesis of what he said he was going to be about, and it's very hard to survive that”.

A trouncing for Starmer's Labour Party in a midterm set of local and regional elections on May 7 proved the final straw. It triggered a series of government resignations and challenges that look set to sweep former Greater Manchester Mayor Andy Burnham into 10 Downing Street.

It's a precipitous downfall from July 4, 2024, when Starmer brought the centre-left Labour Party back to power after 14 years, winning 411 of the 650 seats in the House of Commons.

Standing outside 10 Downing St the next day, Starmer pledged to restore “respect to politics” and lead a government of “public service”. After the chaos of the last years of Conservative rule, which saw a constant churn of scandal and the toppling of prime ministers Boris Johnson and Liz Truss in quick succession, Starmer promised to lower the temperature and make politics a little bit more boring.

Some of the problems that felled him were baked into his victory, which was built on a wide but shallow base of support. Despite Labour's huge majority in Parliament, it was backed by only 34% of voters — and many of those appeared motivated by anger at the Conservatives rather than enthusiasm for Labour.

This lack of excitement for his government from the start was compounded as Starmer made a series of missteps.

An early furore over accepting free gifts including designer spectacles and Taylor Swift concert tickets, was followed by a series of policy U-turns, especially clumsy attempts to cut welfare spending that stirred anger in Labour ranks.

What ultimately cost him his job was appointing Peter Mandelson to the plum post of the UK's ambassador to the US.

Mandelson was seen as someone who could help Britain navigate US President Donald Trump's second term. His trade expertise and comfort around the ultra-rich were considered major assets. He helped secure a trade deal that spared Britain some of the tariffs Trump has imposed on countries around the world.

But the choice of Mandelson — who in 2003 called himself Epstein's “best pal” — backfired spectacularly when documents came to light in September 2025 showing how close his ties to Epstein had been. Starmer fired Mandelson, but further revelations in the following months plunged his leadership into crisis.

Because Starmer entered politics in his 50s, after a successful law career, he lacked the “political radar” to spot potential booby traps, Ford said.

Starmer's legal career culminated in him becoming chief prosecutor for England and Wales, a role that included prosecuting people charged with terrorism, organised crime and other serious offences.

He was knighted for his role leading the Crown Prosecution Service, and opponents liked to use his title, Sir Keir Starmer, to paint him as elite and an out of touch “lefty London lawyer”.

That view of Starmer stuck, even though he comes from humble roots and has down-to-earth tastes.

The son of a toolmaker, as he mentioned repeatedly in speeches, he loves soccer — still plays the sport at 63 — and enjoys nothing more than watching his beloved team Arsenal over a beer in his local pub.

He and his wife Victoria, who works in occupational health, have two teenage children they strive to keep out of the public eye.

First elected to Parliament in 2015, he was picked to lead and rebuild Labour five years later after the party's worst election result since 1935.

Starmer dragged Labour toward the political centre after taking over from veteran socialist Jeremy Corbyn, who led Labour to election defeats in 2017 and 2019.

Starmer ditched some of his predecessor's more left-wing policies and apologised for antisemitism that an internal investigation concluded had been allowed to spread under Corbyn.

Starmer's forensic and prosecutorial skills were on display in Parliament, where he tormented the three Conservative prime ministers he faced off against. He was especially scathing in attacks on Boris Johnson, who allowed parties inside Downing Street during the COVID-19 pandemic, in violation of the country's lockdown rules.

But being prime minister required a different skill set and Starmer often fell short, lacking the flexibility and political instincts that the job requires – at least on the domestic front.

Starmer seemed far more comfortable dealing with international events, notably in rallying European support for Ukraine in its war with Russia and in working to mitigate the economic and political turmoil unleashed by the U.S.-Israeli war on Iran.

That conflict opened a rift between Starmer and Trump, with whom he had initially forged a friendly relationship despite their divergent politics.

“He's liberal, which is a bit different from me, but I think he's a very good person and I think he's done a very good job thus far,” Trump said in January.

Initially reluctant to criticize Trump publicly, Starmer began taking a firmer stand after the US president's threats to take over Greenland. Starmer's critiques became sharper after the start of the Iran war, and by March Trump was deriding him as “not Winston Churchill” and mocking the Royal Navy.

Starmer's decision to largely keep the UK out of the war chimed with the public mood but did not revive his party's support.

Many Labour lawmakers were elected in their constituencies with relatively slim majorities and became increasingly anxious as Labour's poll ratings sank. Starmer's personal approval rating fell to among the worst of any prime minister.

For many Labour lawmakers, the Mandelson-Epstein revelations were the final straw because they shone a spotlight on Starmer's lack of judgment.

There was considerable anger that the prime minister appointed Mandelson to such a sensitive and high-profile post. Starmer sacked Mandelson after a first batch of emails was published in September that showed Mandelson remained friends with Epstein after the late financier's 2008 conviction for sex offenses involving a minor.

But the emails made public in January 2026 suggested that Mandelson also passed on sensitive — and potentially market-moving — government information to the disgraced financier in 2009, when he was a member of the Labour Cabinet.

Mandelson has been arrested and questioned by police on suspicion of misconduct in public office, but has not been charged, and does not face any allegations of sexual misconduct.

Then came the revelation that Mandelson had been appointed despite failing security checks for the ambassador's job. Starmer's apology for the appointment and insistence he hadn't known about the failed security vetting increasingly fell on deaf ears.

In the House of Commons on April 28, Labour lawmaker Emma Lewell said she felt “let down, disappointed and angry,” calling Mandelson's appointment “a fundamental failure of judgment.” After Labour was handed a drubbing by voters in May's local and regional elections, the party took action. A Labour lawmaker in Greater Manchester stepped down so Burnham could run for a seat in Parliament.

He won decisively and called the moment a “turning point” for British politics. Days later, Starmer announced his intention to step down. (AP) SCY SCY

Published on June 22, 2026