EXC: Ministers to cut funding for heat pump subsidies to help pay for higher defence spending.
Will be part of a £2bn savings package which will also mean cuts to Carbon Capture and Storage and hydrogen projects.
@kiranstacey.bsky.socialKiran Stacey
@kiranstacey.bsky.social
Policy Editor at the Guardian. Previously with the FT in London, Delhi, Washington.
@kiranstacey.bsky.social@kiranstacey.bsky.socialEXC: John Healey plans over £1bn worth of support for poorer energy consumers in his budget.
Comes after ministers became alarmed about forecasts showing a massive spike in prices in January.
@kiranstacey.bsky.socialEXC: Tories plan cuts even greater than the £47bn already announced, says Tory shadow chancellor in a recording leaked to the Guardian.
@kiranstacey.bsky.socialEXC: Burnham to promise to set up a new state-backed electricity grid company. Massive move towards nationalisation of utilities.
@kiranstacey.bsky.socialLIVE PODCAST ALERT:
Tomorrow at 4.30 at Labour conference, come and see
@pippacrerar.bsky.social and me grill the energy secretary
@miattafahnbulleh.bsky.social.
We’ll be talking North Sea oil, climate change and energy bills.
Come and watch in Tees room in the basement of the Lex.
@kiranstacey.bsky.socialThe Jugaad Line
@kiranstacey.bsky.socialDon’t abandon your promises on public control of water companies, warn Burnham allies, as details begin to emerge about the PM’s 10-year-plan.
@kiranstacey.bsky.socialYes although it did find there was an uptick in ownership which would not have happened otherwise. So any upward pressure on prices was outweighed by the direct effects of the scheme.
@kiranstacey.bsky.socialEXC: Gov review says Help to Buy was value for money, as ministers push for a new one.
Sources say:
🏠 Steve Reed wanted to subsidise 1st time buyers
💷 HMT thought it a waste of money
🧑🧑🧒 New report boosts those in govt who want it - like the housing minister
@kiranstacey.bsky.socialBREAKING: Massive Jackdaw gas field to be approved as soon as next Monday, sources say (as per @simonjackbbc.bsky.social).
Ministers still waiting for an assessment for Rosebank, but are looking for ways to spend potential revenues from it on green projects.
@kiranstacey.bsky.socialDid they do their usual series of Smiths covers?
@kiranstacey.bsky.socialHe's had the honeymoon period, now get ready for Andy Burnham's Autumn Of Pain™️.
Listen to me and @peterwalker99.bsky.social discuss:
💶 Which taxes might rise?
❓ Where is Nigel Farage?
🟢 What is best policy being debated at Green conference?
@kiranstacey.bsky.socialEXC: Equalities minister warns racism and sexism have become normalised in Britain, and calls out opposition politicians for making openly racist statements.
theguardian.comRacism and sexism have become normalised in Britain, says equalities ministerExclusive: Bridget Phillipson says politicians have helped fuel hatred and that police are not taking violence against women and girls seriously enough
@kiranstacey.bsky.socialAbsolutely incredible story by @peteapps.bsky.social and @robert-booth.bsky.social
theguardian.comLobbying giant filmed offering reporter payment for flattering client coverage in national pressExclusive: Guardian investigation of CT Group uncovers practice that appears to seek hidden influence over public opinion