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UK economy
Britain’s economic gloom has been overdone, says former UK Treasury official
...“There is more money in people’s pockets, the worst of the energy crisis is behind us. If anything I would expect the economy to outperform expectations for the rest of this year,” he added....
March 16, 2024
Labour Party UK
Labour vows to be ‘laser-focused’ on net zero despite £28bn U-turn
...Labour’s energy security and net zero secretary, speaking on Tuesday at the International Energy Week conference in London, said his party would also remove a de facto “ban” on new onshore wind farms in...
February 27, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Stephen Bush
Little good can come of Starmer’s green U-turn
...Now, they face a prime minister in Rishi Sunak who is busily and cheerily retreating from many of Johnson’s more ambitious pledges, and whose close ally and secretary of state for energy security and net...
February 9, 2024
News in-depthLabour Party UK
Labour’s green U-turn: how Starmer dropped £28bn ‘albatross’
...Barry Gardiner, who was shadow energy secretary under former Labour leader Jeremy Corbyn, called dropping the £28bn pledge “economically illiterate”....
February 8, 2024
Climate change
Scotland ditches 2030 climate target as being ‘out of reach’
...Douglas Lumsden, Scottish Conservative shadow secretary for net zero, energy and transport, described the move as an “abject humiliation” for an SNP-Green government that boasts about its “supposed environmental...
April 18, 2024
Transcript
Transcript: Will Labour’s green U-turn weaken Starmer?
...And then on the other side you have people like Ed Miliband, of course, energy spokesman, former leader; people like Louise Hague, shadow transport secretary, who were trying to cling on to this figure because...
February 9, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Labour Party UK
Labour set to ditch £28bn-a-year green investment target
...The Tories seized on the U-turn....
February 8, 2024
Edward Luce
Biden’s polite Trumpism on China
...Now the US Treasury secretary is a social media hit in China....
April 17, 2024
Energy Source
Oil and gas executives expect slower transition to net zero Premium content
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
March 14, 2024
Instant InsightCamilla Cavendish
Cynicism about Sunak’s net zero U-turns is understandable
...Sunak signed a hugely expensive energy price guarantee to protect consumers — including even the wealthiest and second-home owners — from the massive jump in energy costs....
September 20, 2023
Labour Party UK
Labour drops plan to backdate UK windfall tax on oil and gas
...Its general secretary, Gary Smith, told the FT in May there was a “national security imperative” to keep the industry alive given Britain’s reliance on oil and gas....
February 9, 2024
UK business
Barclays boss calls for UK economic development agency
...Relations between politicians and executives hit their nadir in 2018 when then foreign secretary Boris Johnson reportedly said “fuck business” in response to a question about companies’ concerns over Brexit...
January 16, 2024
Inside Politics
Labour must tread carefully on road towards UK’s clean, green future
...As one oil and gas executive put it: Labour has been hawking itself around the City saying we are on the side of business and we want you to invest in the UK — then a few days later they are U-turning....
February 16, 2024
News in-depthArtificial intelligence
US seeks alliance with Abu Dhabi on artificial intelligence
...G42’s deal with Microsoft means it will have to abide by US regulations....
April 20, 2024
The Week Ahead
Deadlines for politicians and Nato’s 75th anniversary
...Also, Ofgem’s updated energy price cap, decreasing charges from £1,928 to £1,690 per year for a typical household, and a higher minimum wage come into effect....
March 31, 2024
FT Live
Energy Transition Summit India
Delivering clean energy to capitalise on green opportunities
Tuesday, 8 OctoberNew Delhi, Delhi, India
Vietnam
Vietnam dangles semiconductor incentives to draw foreign companies
...Fernandez, US under-secretary of state for economic growth, energy and the environment, told Nikkei Asia....
February 21, 2024
Transcript
Is Rishi Sunak’s net zero U-turn a vote-winner?
...He was the shadow Northern Ireland secretary. He’s just been promoted to become the shadow science secretary of state. You’ll see a lot of him during the election campaign....
September 22, 2023
UK politics
Rishi Sunak announces series of U-turns on net zero pledges
...In other policy reversals, Sunak abandoned tougher energy efficiency rules for landlords and delayed a ban on new oil boilers from 2026 to 2035....
September 20, 2023
Equities
Equities rally takes FT stock pickers by surprise
...People “have had enough of experts”, said Michael Gove, now UK housing secretary, during the Brexit campaign in 2016. In 2023 the stock market agreed....
January 12, 2024
ExplainerThames Water
What next for Thames Water?
...Michael Gove, levelling-up secretary, sought to tap into that zeitgeist on Thursday as he called Thames Water’s management a “disgrace”....
March 29, 2024
Energy sector
Bets on energy transition spark rise in North American pipeline deals
...An investor opposed to the deal, Energy Income Partners, pointed out that this position was a U-turn from a bullish management outlook offered as recently as 2022....
September 23, 2023
Skin in the GameStuart Kirk
Should investors care about geopolitics?
...On Monday, Grant Shapps, UK defence secretary, said: “We’ve come full circle, moving from a postwar to a prewar world.” Yikes! Everyone says I should care....
January 19, 2024
News in-depthScottish politics
‘On a knife edge’: Humza Yousaf seeks to fend off Labour in Scotland
...Labour’s U-turn on its £28bn-a-year green spending plan was “madness” from a climate perspective and economically “illiterate”, said Neil Gray, Scotland’s new health secretary....
February 20, 2024
News in-depthLabour Party UK
Five times Keir Starmer has changed tack on policy
...Starmer, in his bid to replace Corbyn, offered to “support common ownership of rail, mail, energy and water”....
September 6, 2023
TotalEnergies
TotalEnergies extends cap on fuel price at French pumps
...Retailers Leclerc, Intermarché and Système U were among those now also pledging to sell fuel at delivery prices, or for no extra profit, energy minister Agnès Pannier-Runacher said on Tuesday....
September 12, 2023

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