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...Rachel Reeves delivered the Mais Lecture last night....
...I find him huddled over a mid-morning ouzo at the portside kafenio, the unofficial clubhouse of all the fishermen, dockworkers and retired seamen on Syros. “I worked on that fishing boat for 35 years....
...Lines from a poem flash intermittently: “I looked for a magnificent white bull . . . but all I found was a goat.” “I looked for Europa passively carried . . . she held him in a jar.”...
...“I’m chancellor because I want to change that,” he told the House of Lords economic affairs committee....
...“There is encouraging messaging and good direction of travel, but I think what we’re asking for is a wider role for battery storage.”...
...“I’m pro-nuclear but I think the industry has to stop deluding itself that magic is going to happen,” says Michael Liebreich, energy expert and former adviser to the UN on sustainable energy....
...“I think from a value-for-money perspective, we’ve got to pause and look and just check that we’ve got our strategy right,” he said....
...“I think there are quite a few indicators that, at least at scale, floating will be on a somewhat later time[frame].”...
...“I don’t think anyone has raised any equity since late 2022,” said Matthew Hose, equity analyst at Jefferies. “They’ve had to adapt to this new environment....
...So instead, I smile and I say: “Biggest coffee we have? Coming right up.”...
...I think it is on everybody's minds and I think in every boardroom questions are asked about this subject. I do think that there is still a stable climate here....
...And, with that, this gorgeously lush musical from Anaïs Mitchell and Rachel Chavkin announces its intent. Retelling the story of Orpheus and Eurydice can’t be about delivering a happy ending....
...I stick with UK clean energy progress in today’s newsletter, looking at efforts to get carbon capture and storage projects off the ground....
...“I would much rather be straight with the British public than make a promise I can’t keep,” said Starmer, who earlier this week had denied he was “scaling back” his plan....
...Then I’d be all ears....
...“I do know that public services need more money — that’s why we will make that initial injection,” she said....
...“Jeremy Hunt and Rachel Reeves are very similar,” Clarke said. “The big difference is that I handed over to Gordon the healthiest economy we had had since the war.”...
...With yet more NHS and London underground strikes on their way, shadow chancellor Rachel Reeves struck a chord this week when she drew an analogy with the plight of the country in the 1970s....
...Rachel Maclean wrote on X: I’ve been asked to step down from my role as Housing Minister. Disappointed . . . It has been a privilege to hold the position and I wish my successor well....
...Rachel Reeves is a professional economist, with a methodical style that has won supporters in the City, the business community and a recalcitrant political party....
...“As we move into the early 2030s, there’s going be huge demand for gas from Asia, and I think QatarEnergy is squarely focused on that,” said Tom Marzec-Manser, head of gas analytics at commodity pricing...
...I will return to this quite soon....
...“It is fair to say that when I made that speech in autumn 2021 I did not foresee the Liz Truss mini-Budget and the damage that that would do to our economy and our public finances,” she said....
...Energy executives and lobbyists have been jostling for space at Labour’s business events in recent months, keen to make sure they don’t miss out on Rachel Reeves’ charm offensive....
...Today Rachel Reeves sets out how Labour will respond — some thoughts on the politics of that below....
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