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Labour leadership contest: one result, five possible scenarios

Jeremy Corbyn At Stand

Labour’s turbulent summer, which kicked off with a riot of resignations in the aftermath of the Brexit vote, will come to a formal close in Liverpool this Saturday, when the result of Owen Smith’s challenge to Jeremy Corbyn’s leadership is announced. But even if Smith is soundly beaten, few expect peace to break out, after a bruising contest that has exposed the fault lines between the warring sides in the Labour movement. Here, we ask what might happen next.



Mario Draghi

ECB keeps interest rates at 0%

The European Central Bank has left interest rates in the eurozone unchanged, but kept the door open for more cuts in the months ahead and renewed calls to politicians to do more to support the bloc’s economic recovery.