Kemi Badenoch has said a "red warning light" is flashing on the economy as Britain's debt tops £3 trillion for the first time and inflation surges to 3.5% ahead of the Budget next week.
Exclusive: Officials say Miatta Fahnbulleh minded not to give approval in victory for climate campaigners
Miatta Fahnbulleh is minded to reject the giant Rosebank oilfield, sources have told the Guardian, in what would be a blow for the North Sea energy industry and a major victory for climate campaigners.
After approving the smaller Jackdaw gasfield on Wednesday, officials say the energy secretary is leaning towards refusing approval for what would be one of the biggest oilfields in the North Sea.
No 10 declines to rule out watering down plans to extend waiting period for indefinite leave to remain as cabinet split widens
Shabana Mahmood has been urged to “read the room” on Labour opposition to her immigration policy, as No 10 declined to rule out watering down her plans to make foreign workers wait 15 years to get permanent residency.
Mahmood, the home secretary, is consulting on plans to increase the period before foreign workers can claim indefinite leave to remain from five to 15 years, backdated to apply to anyone arriving from 2021 onwards.
Labour has finally approved new drilling for gas in the North Sea, despite the project already receiving the go ahead over two years ago under the Tories, after energy prices hit a four-year high.
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Here is an explainer by Jill Ambrose about the Jackdaw decision.
But environmental groups have condemned the decision. Ami McCarthy, head of politics for Greenpeace UK, said:
Approving Jackdaw shows the toxic grip fossil fuel lobbyists still hold over our energy policy. Andy Burnham promised pragmatism [see 8.40am], but there is nothing pragmatic about rubber-stamping a project that won’t lower energy bills, won’t boost energy security and will create just 27 full-time jobs …
True pragmatism means severing our reliance on expensive oil and gas that leaves British households broke, supercharges extreme weather, and leaves our energy security at the mercy of petrostates.
Is the prime minister living in a parallel universe? One where we haven’t just endured our hottest summer on record, with droughts, wildfires and, in all likelihood, the most heat-related deaths on record? And where the UN hasn’t warned that we’re on the brink of breaching the all-important 1.5 degree warming limit?
Shell will be cheering this decision but it won’t knock a penny off our energy bills, which is what’s keeping people up at night, or make a meaningful difference to our gas supply.
Jackdaw will provide around just 2% of our gas demand for roughly ten years. It has been oversold and won’t stop the decline in North Sea jobs, as it will be largely unmanned and operated remotely.
The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs.
While Labour’s 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences.