Ed Miliband seems to have gone missing since Rachel Reeves announced her ambition for a third runway at Heathrow yesterday. Just before he disappeared, he mumbled that ‘of course’ he wouldn’t be resigning over the issue – in spite of threatening to do just that when he was climate secretary in Gordon Brown’s government.
In the UK, the Labour party has pledged to halt any new oil and gas drilling in the North Sea, which the Tories today suggest could cost billions in tax revenue over the next ten years.
The Labour party has run into trouble in Scotland. It is planning to both raise and extend the windfall tax on the oil and gas sector, and industry chiefs aren’t happy.
Britain is hoping to increase domestic supplies as it grapples with record high energy prices which have forced it to plough billions of pounds into schemes to help limit the impact on homes and business and to curb spiralling inflation.
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