UKMiliband risks energy bills crisisEd Miliband has rejected calls to “open up the North Sea” as war rages in Iran, claiming that the biggest “long-term threat multiplier” to UK security is the climate crisis. Earlier this week, President Trump urged the UK Government to exploit North Sea resources, with oil and gas prices spiking because of the Middle East war. MPs and industry bosses have also called for more exploration. READ OUR STATEMENT ON MILIBAND’S RESPONSE TO THE IRAN CRISIS HERE READ: THE SPECTATOR’S LEADING ARTICLE CALLS FOR MILIBAND TO BE SACKED. READ: CLAIRE COUTINHO CALLS MILIBAND A “DANGEROUS FANTASIST” WATCH: PRESIDENT TRUMPS URGES THE UK GOVERNMENT TO EXPAND NORTH PRODUCTION Octopus Energy: reopen the North SeaThe boss of Britain’s biggest gas and electricity supplier has called on Ed Miliband to reopen the North Sea to strengthen the country’s energy supplies. “There's no point shipping gas from the other side of the world when we have it here,” he says. Bank of England: we cannot protect UK from price shockThe Bank of England cannot protect the country from energy price shocks, a senior official has warned. Starmer’s EU deal on Net Zero will damage British businessSir Keir Starmer has been warned not to hand Brussels a “blank cheque” over net zero rules which threaten to “undermine” British business. The Prime Minister is being urged to put the brakes on negotiations with the EU, with MPs warning energy intensive British firms will be placed at a “significant disadvantage” if they are forced to pay additional costs on goods sold abroad, which their international competitors are not subjected to.
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