How to solve the energy crisis? Give power back to the markets Opinion Solving the energy crisis needs the dynamism of the private sector, not more government subsidies and central planning, writes Emma Revell.
Quango crackdown as Starmer reportedly set to slash civil service jobs Politics The Prime Minister is reportedly planning to slash thousands of civil service jobs amid a crackdown on quangos, as he aims to radically overhaul the British state. Sir Keir Starmer will deliver a speech on Thursday, in which he will set out plans to cut thousands more Whitehall jobs than expected, according to the Guardian. [...]
Government pursuing ‘confused’ approach to energy transition Energy The UK’s “confused” energy strategy is more about slogans than results and risks hollowing out the local economy in Aberdeen, the boss of one of the UK’s largest energy services firms has said. John Heiton, who has run the offshore specialist OEG for over 16 years, told CityAM the government is adopting a jumbled [...]
GB Energy given five years to turn a profit November 20, 2024 The boss of Great British Energy has been given a five-year target for Labour’s flagship state-owned energy company to become “profitable”, MPs have been told. Juergen Maier, who was appointed chairman of GB Energy in June, was asked at the Commons energy security and net zero committee whether he had a timeline on profitability. He [...]
If money’s tight, why waste it on futile GB Energy? October 28, 2024 The fiscal pain of this budget will be worse because of needless GB energy, writes Conservative Environment Network director Sam Hall.
Labour conference: GB Energy to be based in Aberdeen, Keir Starmer confirms September 24, 2024 Labour’s GB Energy company will be “based in Aberdeen”, Sir Keir Starmer has confirmed in a long-awaited move. The Prime Minister announced: “We said GB Energy – our publicly-owned national champion, the vehicle that will drive forward our mission on clean energy – we said it belonged in Scotland. “And it does. But the truth [...]
GB Energy: Bill criticised as ‘blank cheque’ as MPs debated flagship policy September 6, 2024 The government’s Great British Energy bill has been criticised as a “blank cheque” and for having “barely anything in it” as MPs debated the flagship policy in the Commons. Energy security secretary Ed Miliband introduced the legislation to the chamber on Thursday for its second reading – when the main Commons debate was held – [...]
Green energy plans could reduce costs for UK steelmakers, industry says August 20, 2024 Plans for the UK to become a green energy superpower could help reduce costs for British steelmaking, a supplier has said. Prime Minister Sir Keir Starmer visited a wind farm near Carmarthen, west Wales, today as part of a trip to promote his ambition for renewable power through setting up GB Energy. The public company [...]
The state is bad at picking winners. GB Energy will prove that August 19, 2024 GB Energy is likely to prove to be another example of how the state can't pick winners, writes Eliot Wilson.
GB Energy to work with Crown Estate to develop offshore wind farms, says government July 25, 2024 Britain’s newly created state-owned energy company, Great British Energy, is to partner with the monarchy’s property firm to help speed up the building of offshore wind farms.