Episode Details

Rachel Reeves faces criticism for blocking £17.5bn in North Sea oil and gas investments, delaying the end of the Energy Profits Levy due to the Iran conflicts impact on energy prices. Oil firms, with projects capable of producing over a billion barrels by 2030, argue high taxes make the UK uninvestable. Meanwhile, Labour MPs and unions push for more flexibility with reserves dwindling, while government sources promise long-term stability and job growth in clean energy.

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