UKNet Zero SplurgeChancellor Rachel Reeves announced her Spending Review this week. It was revealed that by the 2028/9 financial year the Department for Energy Security and Net Zero will be getting a whopping 16% percent real terms increase in government funding, compared with 3.5 percent for Defence and just 1.5 percent for Education. Badenoch: ‘Net Zero’ windfall tax should be scrappedKemi Badenoch is expected to call for the windfall tax on North Sea oil and gas to be scrapped. The Conservative leader will say that the energy profits levy on oil and gas profits can no longer be justified, and there will be nothing “left to tax” if it continues. The intervention comes shortly after Nigel Farage gave a speech in Aberdeen in which he said “the scales are falling off the eyes of the public when it comes to Net Zero.” Cracks appearing in Labour’s Net Zero loyaltyLabour MP Henry Tufnell told Starmer at Prime Minister’s Questions that if Net Zero was not delivering “more jobs [and] cheaper bills” then “we must reconsider our approach.” As a rising star of Labour’s 2024 intake, the intervention could be the first significant sign of internal divisions within the Labour Party on Net Zero. New Mini-NukesRolls-Royce will build Britain’s first mini nuclear power plants, with the British engineering giant expected to deliver first plants by 2030s after seeing off rivals. Farage promises new coal mines in WalesNigel Farage declared he’s ready to “fight” Sir Keir Starmer to achieve his “ambition to re-industrialise” the country, if he wins power in the Senedd next year, as he vowed to defy Labour’s Net Zero orders and open new coal mines in Wales.
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