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Alex Wickham: BP’s decision to sell its North Sea...

NEW by @Joe_Mayes @MitchellFerman @EllenAMilligan BP’s decision to sell its North Sea business leaves a pivotal decision for Andy Burnham and marks a critical moment for Britain’s dwindling oil and gas industry North Sea producers have criticised Tory and Labour governments since the 2022 windfall tax, arguing investing there is no longer competitive Trump wants Burnham to change tack and the new PM let the president believe he would in their first call But the reality is it’s politically contentious with environmentalists and Labour MPs opposing new drilling. That’s now been made even harder by the wildfires in Europe Despite his rhetoric it appears Burnham is in reality just looking at doing what Keir Starmer likely would have done eventually, ie tie-backs, Jackdaw and Rosebank, rather than any major change in policy That risks upsetting both sides: Trump, trade unions and the oil and gas industry for whom it might not be enough, and the green-minded side who don’t want any more drilling BP’s move “should be a defining moment for the new prime minister,” says Russell Borthwick, chief executive of Aberdeen and Grampian Chamber of Commerce. “This decision is another stark reminder that confidence in the UK continental shelf has been badly shaken after years of policy uncertainty, punitive taxation and mixed messages about the future of the industry.”

Pouria Zeraati: Hamas has endorsed the statement...

Important/ Hamas has endorsed the statement of the International Peace for Gaza Group and announced that it will surrender its weapons. This marks another major defeat for the regime on the eve of the next round of all-out attacks by the United States and Israel against the Islamic Republic on Iranian soil. American sources say that the IRGC had advised the Hamas delegation, which had traveled to Iran for Ayatollah Khamenei's funeral ceremony, not to rush into signing the agreement in the morning and to buy time. However, Hamas ultimately decided not to follow the Islamic Republic's advice and to pursue its own path.

Alex Wickham: Andy Burnham says he told...

NEW: Andy Burnham says he told Donald Trump the UK cannot “ignore” the oil in the North Sea when “people are struggling,” and that he’ll take a “pragmatic approach” as PM That appears to confirm Burnham is looking at more drilling in the North Sea, as Trump said last night (and as Bloomberg reported a couple of weeks back) “I indicated in the phone call that we had a week last Monday that I would take a pragmatic approach when it comes to the North Sea, and that is my intention as we go forward from here,” Burnham says “There is a resource there. When people are struggling, we can’t ignore that. Hence, me indicating that to the president”

Alex Wickham: Essential @PhilAldrick analysis...

Essential @PhilAldrick analysis The Bank of England and by extension Andy Burnham have a Trump problem as the Iran war blocks interest rate cuts It means homeowners have to live with higher interest costs and jobs will be lost, bad news for the “cost of living government”. Read between the lines and the BoE’s message today is that it’s all Trump’s fault Should the war persist “it’s likely that we will have to tighten policy to counter inflationary pressures in the UK economy,” Andrew Bailey said today Without the war we’d have had one or two more rate cuts already, @KallumPickering reckons. Domestically things are better than expected but Brits aren’t feeling it thanks to Iran Bailey indicated the bank doesn’t want to raise rates but will if it has to. The market sees at least one hike this year. It all comes down to Trump

David Icke: They are walking you back...

They are walking you back into the Cult political lair and cesspit from where Trump emerged. Vance is the creation and protégé of Cult operative Peter Thiel at Palantir. Yep, keep the people believing that politics changes anything as the Cult agenda unfolds whatever the 'party' and they'll go on being misdirected into cul-de-sacs while the AI-digital control system is built all around them. Pathetic beyond words. Remember how both these ‘influencers’ told you to vote for Trump to unleash the ‘golden age’?

Alex Wickham: Andy Burnham’s social care speech signals...

Andy Burnham’s social care speech signals that a major new policy will come in autumn 2027 at the earliest, indicating tax rises will likely be needed to pay for it He says Louise Casey will expedite her review so it’s completed a year from now. The review will consider how to pay for a new social care policy. Casey is launching a national conversation about it From the fiscal perspective this suggests no new policy until at least autumn 2027 and therefore that Burnham and John Healey will not need to find new money for it at this year’s budget Asked about tax rises, he says he thinks it’s possible to do “much more” within existing budgets but that “difficult decisions” will be required. That suggests he accepts tax rises are likely needed to pay for the policy. He recommits to Labour’s manifesto pledges There were no real details today about what sorts of options Burnham and Casey are looking at, but a cast iron commitment to fix social care He says “it is a major dereliction of public duty” that successive governments have not fixed social care, calling it “shameful.” Says “social care in England is as unfair as American healthcare” He says people may be feeling deja vu, criticising 22 social care reviews in the last three decades, but vows “this time we are going to do it” Burnham says he’ll look at how to improve working standards for care workers, and hold talks with other parties to try to build a consensus (although the Tories and Reform say they won’t support new tax rises)
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