Making Miliband chancellor would be a ‘mistake’, Trump officials warn Politics Senior officials in president Trump’s administration have privately warned that appointing Ed Miliband as chancellor would be a “mistake”, as speculation over who will take over from Rachel Reeves grows. US officials told their counterparts in Britain, as well as senior Labour figures, that they were concerned about Miliband’s opposition to new oil and gas [...]
Starmer overrules Miliband on electric car sales targets as he looks to appease automotive industry Energy Keir Starmer will water down the UK’s electric vehicle sales, in a significant blow to energy secretary Ed Miliband’s net-zero agenda, in a bid to quash fears in the automotive industry. According to reports in The Sunday Times, the prime minister is understood to have overruled Miliband following pressure from the industry, the Unite union [...]
Neil Woodford criticises BP board for ousting ‘shouty’ chairman Energy Once-renowned investment manager Neil Woodford has criticised the BP board for ousting its ‘shouty’ chairman after less than a year in post. Woodford called out the oil giant’s board for removing Albert Manifold after just eight months in the job, noting that he is the third chairman the company has been through in three years, [...]
‘Enough to keep investors interested’: SSE charges up UK investment May 28, 2026 SSE hailed a record year of investment as it aims to end UK dependence on global volatile energy markets. The electricity infrastructure company invested £3.6bn in the 2025/26 financial year, up from £2.9bn the prior year, as it looks to ramp up the UK’s electricity grid and create lower energy bills. The FTSE 100 group [...]
Energy price cap to jump 13 per cent this summer May 27, 2026 UK households will be hit by a sharp £200 rise in energy bills next month, leaving Brits bracing for a painful winter of higher bills off the back of the Iran war. From 1 July to 30 September the annual energy price cap will be £1,862 per year, up from the current cap of £1,641, [...]
Investment firms anticipate surge in renewable energy spending May 21, 2026 UK investment firms are expecting a sharp surge in financing for renewable energy projects once an end to the conflict in the Middle East is reached, after it triggered one of the worst rises in oil and gas prices in years. Over 85 per cent of firms, accounting for roughly £5.5 trillion in assets under [...]
Reeves to protect energy and infrastructure projects from court challenges May 20, 2026 Chancellor Rachel Reeves is drawing up reforms to give parliament the power to insulate essential energy and infrastructure projects from court challenges. The government is expected to put forward plans to keep the projects safe from judicial review. “For too long, vital infrastructure delivery has been delayed by judicial reviews of projects,” a Treasury spokesperson [...]
Starmer eases sanctions on Russian oil despite calls to ramp up North Sea drilling May 20, 2026 Keir Starmer is to allow Russian imports of diesel and jet fuel in a major softening of what has been a hardline stance towards Russia since its invasion of Ukraine in 2022. A licence issued on Wednesday will allow such products to enter the UK “indefinitely”, as long as the oil has been refined in [...]
Brits set for sharp rise in energy bills in July May 19, 2026 Brits are set to face a sharp hike in energy costs this summer, with household bills forecast to rise by more than £200 a year, as the conflict in the Middle East ripples into the UK market. Energy analyst Cornwall Insight predicts that the annual bill for a typical dual-fuel household will increase to £1,850, [...]
Charging up: National Grid to invest a further £70bn into energy networks May 14, 2026 National Grid has confirmed its commitment to invest an additional £70bn across the next five years into energy networks across the UK and US, as it continues its pivot towards becoming a net-zero energy system. The FTSE 100 company doubled down on its ambition to invest in energy infrastructure in its latest financial results, which [...]