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Burnham’s plan to steer the UK back towards socialism
UK Prime Minister Burnham is pursuing policies that critics see as a return to socialism, including broader welfare provision, state-owned utilities and closer ties with the EU. We examine the economic risks, potential backlash and likely market response.
Today, it was the groundbreaking ceremony, as work began on Kenya’s Lamu Dangote Refinery amid earlier protests and legal challenges. US President Donald Trump called for greater self-regulation in the AI sector. China’s PMI returned to expansion, while profits at Nigeria’s state-owned oil company, NNPCL, surged in 2025.
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