LONDON, ENGLAND - JULY 23: Conservative Leader Kemi Badenoch gives a speech at IET (Institute of Engineering and Technology) on July 23, 2026 in London, England. Conservative Leader Kemi Badenoch is demanding that the new Labour Prime Minister, Andy Burnham, explicitly rule out tax rises to fund what she calls a "spending spree". Since Burnham took office he has has introduced a flurry of immediate "cost of living" measures including scrapping the 5% VAT on domestic electricity bills, bringing back the £2 maximum bus fare cap and Introducing a 20% cut in business rates for pubs, clubs, and live music venues. (Photo by Dan Kitwood/Getty Images)

Britain's main opposition Conservative Party leader Kemi Badenoch delivers a speech at IET (Institute of Engineering and Technology) in London on July 23, 2026. (Photo by JUSTIN TALLIS / AFP via Getty Images)

(FILES) The sign posting on the STMicroelectronics headquarters in Paris on October 9, 2017. The share price of the French-Italian semiconductor manufacturer STMicroelectronics fell by more than 15% at the opening of the Paris Stock Exchange on July 23, 2026, following the publication of its half-year results. (Photo by ERIC PIERMONT / AFP via Getty Images)

Customers try out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store in Seoul on July 23, 2026. South Korean technology giant Samsung unveiled new, sleeker smartphone models on July 22, priced more than previous models as artificial intelligence raises component costs. (Photo by GREG BAKER / AFP via Getty Images)

Newly-released Samsung Galaxy Z Fold8 smartphones are dispplayed at a Samsung store in Seoul on July 23, 2026. South Korean technology giant Samsung unveiled new, sleeker smartphone models on July 22, priced more than previous models as artificial intelligence raises component costs. (Photo by GREG BAKER / AFP via Getty Images)

A customer tries out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store in Seoul on July 23, 2026. South Korean technology giant Samsung unveiled new, sleeker smartphone models on July 22, priced more than previous models as artificial intelligence raises component costs. (Photo by GREG BAKER / AFP via Getty Images)

Customers try out newly-released Samsung Galaxy Z Fold8 smartphones at a Samsung store in Seoul on July 23, 2026. South Korean technology giant Samsung unveiled new, sleeker smartphone models on July 22, priced more than previous models as artificial intelligence raises component costs. (Photo by GREG BAKER / AFP via Getty Images)

A customer tries out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store in Seoul on July 23, 2026. South Korean technology giant Samsung unveiled new, sleeker smartphone models on July 22, priced more than previous models as artificial intelligence raises component costs. (Photo by GREG BAKER / AFP via Getty Images)