James Woolcock

The economics have been very difficult.

The UK's growth is flatlining.

You could say that you might be personally on a fan of Starmer.

He's very, very unpopular.

It's been the fastest slide in the polls of any prime minister in modern UK history.

Or you could say that his policies aren't right.

Now, the thing about this is, is that Andy Burnham has an answer to all of those.

He says that he would make things run like Manchester, where he comes from, which he says is the fastest growth in the UK.

He's far more personally liked than Starmer.

And also he's seen as bringing in this kind of new wave of left wing Labour voices.

News when you want it with Bloomberg News Now.

I'm James Woolcock.

President Trump has signed an interim deal to end the war with Iran and reopen the Strait of Hormuz.

According to a US official, the so-called Memorandum of Understanding is now in effect.

However, it is unclear if Iran has begun taking steps to fully reopen the waterway.

Explaining his decision to agree to an interim peace deal, Trump repeated his insistence that the country would never obtain a nuclear weapon.

Yet the president went on to suggest that Iran should have the right to enrich uranium for electricity and be allowed to develop ballistic missiles.

President Trump also defended the $300 billion development program for Iran in the deal, while saying he's ready to release billions of dollars in frozen Iranian assets.

The details of Trump's deal have prompted unusually strident criticism from Iran hawks who say it amounts to a victory for Tehran.

Speaking to Bloomberg government, Trump's first term vice president, Mike Pence, argued that the agreement makes no mention of verifiably dismantling the country's nuclear weapons program.