UK go-ahead for North Sea oil and gas field angers environmental groups

Campaigners including Greta Thunberg had called for halt to Rosebank project involving Oslo-listed Equinor

Britain has given the go-ahead to develop the UK’s biggest untapped oilfield off Shetland, sparking outrage from environmental campaigners.

The UK oil and gas regulator’s decision to grant the Oslo-listed Equinor and the British firm Ithaca Energy permission to develop the Rosebank oil and gas field in the North Sea was condemned by the Green party MP Caroline Lucas as “the greatest act of environmental vandalism in my lifetime”.

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A social tariff could bring a warm glow to UK energy policy

A lower price cap will still mean unaffordable bills for many. Yet a fairer alternative has been quietly dropped

Nearly a decade ago, former Labour leader Ed Miliband sowed the seeds of the energy price cap, vowing to protect households from unfair tariffs by freezing their energy bills. But even though a cap has been in place since 2018, bills today can be far from affordable, even when they are fair.

On Friday, industry regulator Ofgem will set its new limit on how much suppliers can charge per unit of gas and electricity. Analysts at Cornwall Insight expect it to lower the energy price cap from £2,074 a year for the typical household to £1,823, which would be its lowest level since Russia’s invasion of Ukraine.

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Jeremy Hunt requests inquiry into ‘debanking’ of politicians

Chancellor wants Financial Conduct Authority to investigate whether practice is ‘widespread’

Jeremy Hunt has asked the financial regulator to urgently investigate whether banks are barring politicians from accounts on a “widespread” basis, after Nigel Farage had his account shut down by private bank Coutts.

The chancellor said everyone must be able to express their opinions and people must have access to banking.

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Jeremy Hunt oversaw signing of San Marino low-tax treaty backed by Tory donor

Exclusive: Maurizio Bragagni, who has given over £700k to Tories and £30k to chancellor, attended event

Jeremy Hunt oversaw the signing of a low-tax treaty with San Marino championed by a leading Tory donor, who with his companies has given more than £700,000 to the party and £30,000 to the chancellor.

Maurizio Bragagni, a prominent businessman and diplomat for San Marino, was present in No 11 when a “double taxation” treaty between the UK and San Marino was signed in May.

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NatWest was caught out by Nigel Farage’s deft political game

Tory anger over Coutts affair led to bank’s board feeling it had no choice but to sack CEO Alison Rose

Just after 5.40pm on Tuesday afternoon, the two people in charge of NatWest Group put out a joint statement. Dame Alison Rose, its chief executive, admitted she had been the source for an incendiary BBC story about Nigel Farage’s accounts at its exclusive private bank, while Sir Howard Davies, the bank’s chair, expressed his support for her remaining in charge of the lender.

Eight hours later, the bank had performed a dramatic reversal, having catastrophically misjudged the mood of its largest shareholder, the UK government. After last-minute interventions from both the prime minister, Rishi Sunak, and the chancellor, Jeremy Hunt, board members convened for a late-night virtual call that was to spell the end of Rose’s 31-year career with the bank.

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Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose

The prime minister and the chancellor have been accused of “damaging UK plc” and failing to follow due process amid concern over anonymous briefings that triggered the early-hours resignation of NatWest boss Dame Alison Rose.

“There is a real sense of disquiet that political pressure has led to a midnight exit for such an important banking CEO,” an official at the City regulator, the Financial Conduct Authority, told the Guardian. “They should have allowed due process.”

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No extra money for public sector pay rises, Jeremy Hunt tells ministers

Chancellor thought to have ruled out providing extra cash if PM decides to accept pay review bodies’ recommendations

Jeremy Hunt has told ministers there will be no extra money to give millions of public sector workers an average 6% pay rise, potentially leaving departments facing a difficult choice between raising salaries or cutting frontline services.

The Guardian understands the chancellor has ruled out providing a further cash injection beyond what is already budgeted if Rishi Sunak decides to implement the recommendations of independent pay review bodies, which are expected as soon as Thursday.

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UK tax cuts unlikely before election, says Jeremy Hunt

Chancellor calls on firms to tackle high prices as government remains far from pledge of halving inflation to 5%

Jeremy Hunt has said he must “double down” on high prices after admitting a package of pre-election tax cuts this autumn was looking unlikely.

The government would not make moves to “pump billions of additional demand” into the economy, the chancellor added.

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Watchdog rejects Johnson’s suggestion Sue Gray’s Labour job meant she was not impartial investigating Partygate– UK politics live

Advisory committee on business appointments says it has seen ‘no evidence’ that Gray’s decision-making was affected despite ex-PM’s claim

NHS England has just published its 150-page long-term workforce plan. It’s here.

The government is keen to present it as an NHS plan, not a government plan, and at the moment you cannot find it prominently on the No 10 or Department of Health and Social Care websites.

This is our longer-term, strategic approach to workforce planning. In a nutshell we will:

1. Train more staff

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Sunak, Hunt and homebuyers brace for an economic Big Wednesday

The midweek inflation bulletin could be the most significant piece of government data published this year

This Wednesday will mark the longest day of the year and not long after the sun comes up the Office for National Statistics (ONS) will publish its latest cost of living bulletin. To say the data is eagerly awaited is an understatement. There is unlikely to be a more significant piece of official data released in the current parliament.

The reason is simple. Despite raising interest rates 12 times since December 2021 in an attempt to quell upward price pressures, inflation is proving harder to shift than the Bank of England imagined.

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North Sea oil and gas industry offered ‘get-out’ clause on windfall tax

Jeremy Hunt hopes suspending tax on oil profits if Brent crude falls below $71.40 a barrel will aid investment

Jeremy Hunt has offered the North Sea oil and gas industry a ‘get-out’ clause from the windfall tax on fossil fuel profits if wholesale energy market prices fall back to normal levels.

The chancellor hopes to boost investment in the North Sea by agreeing to suspend the windfall tax on oil profits if the market price for Brent crude falls below $71.40 a barrel, and gas prices fall below 54 pence a therm, for a period of six months. The global oil price is currently about $75 a barrel, and the UK’s gas price is about 64 p/th.

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No point in food price measures without targeting small stores, Which? warns

Consumer group tells chancellor ‘blanket approach’ will not address poor households’ access to affordable food

UK ministers’ efforts to reduce soaring food shopping bills “won’t touch the sides” without measures to make small grocery stores more affordable for low-income households, the chancellor has been warned.

Which?, the consumer group, has written to Jeremy Hunt over concerns that a blanket approach to lowering supermarket bills will not address the problem of accessibility to affordable food, after reports that ministers are considering a voluntary price cap scheme.

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NHS England workforce plan delayed amid rumours of cost issues

Health secretary Steve Barclay not confirming when strategy to increase numbers of doctors and nurses will be published

NHS leaders have raised concerns about the delay to the long-awaited workforce plan, after the health secretary, Steve Barclay, refused to give a deadline for its publication amid rumours it is considered too costly.

The plan, which was expected to be published on Tuesday, appears to have been delayed, according to the deputy chief executive of NHS Providers, Saffron Cordery.

Barclay blamed the pandemic and “various things that have been happening in recent years” for the delay during broadcast interviews over the weekend. He had previously promised that the plan to increase the number of doctors and nurses would be published before the next general election.

Cordery said the plan, which has already been postponed from last year and aims to fix the UK’s crumbling healthcare system by plugging chronic staff shortages, was needed “as quickly as possible”.

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Jaguar Land Rover offered £500m in subsidies to build battery plant in UK

Incentive from Jeremy Hunt comes only days after three carmakers issued Brexit rules warning

The government has offered the owner of Jaguar Land Rover £500m in subsidies in an effort to persuade the carmaker to build a new electric battery plant in the UK.

The chancellor, Jeremy Hunt, has put forward a package of incentives to entice JLR, days after three global carmakers warned that Brexit rules on where parts were sourced threatened the future of the British automotive industry.

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Angela Rayner attacks Oliver Dowden over Tory record on NHS waiting lists and child poverty as deputies stand in at PMQs – live

Dowden stands in for Rishi Sunak as prime minister travels to Japan for G7

Keir Starmer has confirmed that Labour would seek to improve the Brexit deal that the UK has with the EU. Asked about the reports that the car manufacturer Stellantis wants the trade and cooperation agreement renegotiated because it believes that in its current form it puts manufacturing jobs in the UK at risk, Starmer told BBC Breakfast the UK needed “a better Brexit deal”. He said:

Look, we’re not going to re-enter the EU. We do need to improve that deal. Of course we want a closer trading relationship, we absolutely do. We want to ensure that Vauxhall and many others not just survive in this country but thrive.

Keir Starmer is absolutely right to say developers and landowners need to be prevented from deliberately slowing the rate at which they build houses to drive up prices – local authorities need more control to direct housebuilding where it is most needed.

And he’s bang on when he says targeting the green belt for ‘expensive executive housing’ upsets local communities because that’s not the homes that are needed. We’re facing a bona fide housing crisis, with an entire generation effectively priced out of home ownership. What’s more, far too many people are barely able to afford their rent.

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Ford, Vauxhall owner and JLR call for UK to renegotiate Brexit deal

Carmakers call on Britain to change rules on batteries that they say threaten electric vehicle production

Three big global carmakers have called on the UK government to renegotiate the Brexit deal, saying rules on where parts are sourced from threaten the future of the British automotive industry.

Ford and Jaguar Land Rover have joined Stellantis, which owns the Vauxhall, Peugeot and Citroën brands, to warn the transition to electric vehicles will be knocked off course unless the UK and EU delay stricter “rules of origin”, due to kick in next year, that could add tariffs on car exports.

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One in five workers will be higher-rate taxpayers by 2027 – IFS

Jeremy Hunt’s freeze on allowances and thresholds will put a quarter of teachers and one-eighth of nurses in 40% income tax bracket

One in four teachers and one in eight nurses will be higher-rate taxpayers by 2027 as a result of the government’s record freeze on income tax allowances and thresholds, according to a leading thinktank.

The Institute for Fiscal Studies said better-paid public sector workers will be among the almost 8 million people – one in five of all taxpayers – who will pay income tax at 40% or above as result of the Treasury’s attempt to reduce the UK’s budget deficit.

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An imploding health service underpins junior doctors’ radicalisation

With real pay down 26% since 2008 and demoralised workplaces, medics are striking not out of militancy but from deep-rooted frustration

A four-day strike this week by junior doctors in England will pit angry medics keen to secure a 35% pay rise against government ministers who scorn their demands.

The walkout from Tuesday morning to Saturday morning will be the most disruptive in the 75-year history of the NHS.

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Military sites to house asylum seekers to meet ‘essential living needs and nothing more’, says minister – as it happened

This live blog has now closed, you can read more on this story here

Eagle how the pay settlement for health workers will be funded.

Hunt says, as with all pay settlements, departments fund them from the money they get in the spending review. But in exceptional circumstances they can speak to the Treasury about extra help.

But we make a commitment that there will not be a degredation of frontline services for the public.

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