Miliband to bow to pressure on North Sea drilling Energy Energy secretary Ed Miliband is poised to bow to significant pressure to allow drilling in the North Sea to counter collapsing fuel supply chains and soaring energy costs. Miliband is planning to give the green light to the Jackdaw gasfield, which could supply gas to more than a million homes this winter. This would be [...]
Reform fundraiser Nick Candy offloads £270m mansion in ‘biggest sale ever’ Property Reform UK’s chief fundraiser Nick Candy has sold his property in Chelsea at a value of around £270m, it has been reported, in what has been dubbed the biggest house sale in history. Candy, the real estate mogul behind One Hyde Park in Knightsbridge, has sold the family home to an unnamed buyer, according to [...]
Farage slammed over pledge to keep ‘unsustainable’ triple lock pension Politics Nigel Farage’s Reform UK has come under fire after committing to maintaining the triple lock pension, the financial mechanism that ensures pensioners’ earnings are increased by whatever is higher out of inflation or wage growth even in times of economic crisis. In a press conference on Thursday, Treasury spokesman Robert Jenrick said pensioners were worried about [...]
Jim Ratcliffe backs Tory pledge to slash net zero tax April 2, 2026 Sir Jim Ratcliffe has joined a number of manufacturing bosses in support of a Tory pledge to axe carbon taxes levied through a trading scheme critical to the government’s net zero efforts. In a joint release between the Conservatives plus the Ineos chief and other industry bosses, the Kemi Badenoch’s party said it would save [...]
Oil soars as Trump vows to hit Iran ‘extremely hard’ April 2, 2026 The price of oil has spiked by over 7 per cent following Donald Trump’s vow to keep hitting Iran ‘extremely hard’ over the next few weeks, in an address to the nation. After a 17-minute speech on Wednesday evening, which failed to reassure global markets, Brent crude, the global oil benchmark, jumped 5 per cent [...]
FTSE 100 Live: Dow Jones joins City in red; Oil soars on Iran war fears April 2, 2026 Good morning and welcome back to the City AM liveblog. After a dose of optimism hit markets on Wednesday, that looks to all be eradicated come this morning. In a 19-minute long address to the nation, Donald Trump vowed to “finish the job” in Iran and warned the country would be hit “extremely hard” in [...]
Once again Starmer addresses the nation – with nothing to say April 2, 2026 The Prime Minister held a press conference yesterday to update us all on the Iran war and to confirm that we’re still not in it. That’s Keir Starmer’s most valued line these days; that this isn’t our war and we’re not involved. However, despite our declared neutrality, Starmer had to concede that “the impact of [...]
Starmer moots closer ties with EU amid Trump row April 1, 2026 Sir Keir Starmer has mooted building closer ties on various sectors of the economy with the European Union after President Trump suggested he was considering pulling the US out of Nato. In a press conference on Wednesday, Starmer billed strengthening ties with the EU at an upcoming summit as part of a wider push to [...]
Europe urges fewer flights, remote working as Iran war drains oil supplies April 1, 2026 The spiralling energy crisis is forcing Europe into emergency mode, with politicians urging citizens to work from home, cut back on driving and avoid flying as the conflict in Iran cuts off a critical share of the world’s oil supply. The European Commission’s energy chief, Dan Jørgensen, said Europe is facing a prolonged crisis that [...]
Reeves must listen to supermarkets rather than lecture them April 1, 2026 Supermarkets begin preparing for Christmas at least six months before the anticipated peak of customer demand hits around December 23. Catering for this entirely predictable surge is in itself an astonishing commercial and logistical feat, but a little over six years ago the UK’s supermarkets were in the midst of an unprecedented challenge. As pandemic [...]