Sanjoy Sen: Next PM should ensure Britain can withstand future energy shocks
You know what they say? Be careful what you wish for.
You know what they say? Be careful what you wish for.
A vast majority of Scots say they are in favour of the UK producing its own oil and gas rather than relying upon imports from overseas, according to a poll published as the two who are competing to be elected the UK’s next Prime Minister come to Scotland.
The next Prime Minister has been urged to back the energy sector and shut down windfall tax "speculation" as Liz Truss and Rishi Sunak visit North-east Scotland today.
Labour has proposed extending Britain’s windfall tax on oil and gas companies, saying the proceeds should be used to fund a total freeze on energy bills over the winter.
Conservative leadership front-runner Liz Truss ruled out a fresh windfall tax on energy companies if she becomes prime minister, while her opponent Rishi Sunak vowed to find up to another £10 billion to help Britons pay for soaring power bills.
Offshore Energies UK (OEUK) has written a letter urging the future prime minister to prioritise reliable and cleaner energy produced in the UK.
The two candidates vying to become the next prime minister have been urged to listen to the voice of industry over the UK’s critical energy future.
Rishi Sunak pledged to scrap value added tax on all domestic energy bills for the next year if he becomes UK prime minister, a move his leadership rival, Liz Truss, criticized as a U-turn.
Every UK prime minister expects to face challenges. Few would imagine that they might have to spend billions of pounds to make sure people don’t freeze in their homes during winter.
The UK Government has blocked access for Russia to Britain’s professional services exports.
The UK Government expects Britain can stop importing Russian natural gas before the end of the year, sooner than expected, a person familiar with the matter said.
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
Foreign Secretary Liz Truss will meet with officials in Washington today to discuss further support for Ukraine after both the UK and US were thanked by Ukrainian President Volodymyr Zelensky for their moves to sanction Russian oil.