UKNvidia boss warns Miliband over UK energy policyBritain will need natural gas to power new giant computing hubs for artificial intelligence, the boss of Nvidia said, warning that Britain’s high electricity price remained a “challenge”. During an interview with the BBC, Labour’s Chief Secretary to the Treasury said in response that the UK government plans to to continue with its push for renewables. More in Common: high energy bills are fuelling UK political discontentA new More in Common report (funded by Octopus) finds high energy bills remain the driving force behind Britain’s cost-of-living crisis and reshaping politics. Britons are most likely to view the UK government as most responsible for our high household energy bills - three quarters (75 per cent) say the government is either very or somewhat responsible. Labour has retained just 57% of its 2024 voters among those most worried, underlining how soaring bills are eroding living standards and fuelling voter disillusionment. New report calls for deregulation of UK nuclearBritain Remade’s Sam Dumitriu has written an excellent report calling to make UK nuclear more cost competitive again. He calls for streamlined regulation, faster planning, and private investment in SMRs and nuclear. Link to Sam’s speech can be found here. Cornwall Insight: bills to rise next April due to Net ZeroBritain’s dash to Net Zero will fuel a £100 rise in household energy bills from next April, according to leading forecasters. The wholesale price of gas is forecast to fall next spring, but Net Zero costs mean bill are predicted to increase. GMB union says UK transition plan for oil and gas workers is “doomed to fail”Trade union GMB have called on the government to reassess its policies that have accelerated the decline in the North Sea oil and gas industry and deindustrialised the UK. They say attempts to impose an energy transition on oil and gas workers is “doomed to fail”. Seperate analysis has found that Miliband’s plans to shut down the North Sea will cost the Treasury £10 billion. UK urged to do more to protect undersea cablesBritain has been “too timid” in defending its undersea cables from attacks that could cause “catastrophic disruption” to the financial and communications systems Britons rely on, MPs and peers have warned.
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