LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Unions warn of election cost as Labour faces backlash over North Sea drilling   – London Business News | London Wallet

Philip Roth by Philip Roth
April 7, 2026
in UK
Unions warn of election cost as Labour faces backlash over North Sea drilling   – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

You might also like

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet

The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet

Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet

Labour risks “paying the price” at the ballot box over its refusal to back new North Sea drilling, as union leaders warn that Net Zero policies could cost the party seats in next month’s local elections.

Ed Miliband is facing mounting criticism from within Labour’s traditional support base, with Unite the Union urging the Government to approve new oil and gas projects or risk electoral losses.

Sharon Graham, Unite’s general secretary, said the refusal to utilise domestic reserves was harming the party as households struggle with rising fuel costs linked to tensions in the Middle East.

Graham said: “The Government’s energy policies in both Westminster and Holyrood are putting jobs and energy security at risk.

This is an act of self-harm, and Labour will certainly pay the price in the May elections.

“Unite has a clear and stark message as energy bills rocket due to the Iran war – we must keep the North Sea working and fund a concrete plan for jobs.

“Voters can see that it is a big mistake to let go of one rope before we have hold of another.

The criticism has been echoed by GMB, whose general secretary, Gary Smith, called the current Net Zero strategy “absolute madness” amid soaring energy bills. He warned it would be “shameful” for Labour to repeat the economic damage suffered by industrial communities in the 1980s.

At the centre of the row are major projects including the Rosebank oil field, estimated to hold 300 million barrels of oil, and the Jackdaw gas field, which could supply around 6% of Britain’s annual gas demand. Neither has yet received approval from the Energy Secretary.

The dispute threatens to open a rift at the top of Government, with Chancellor Rachel Reeves backing both projects, arguing that domestic production would boost jobs and tax revenues.

Labour MPs are increasingly siding with the Treasury. Henry Tufnell said North Sea exploration was essential for energy security and economic growth.

The growing rebellion underscores the political risk facing Labour as it seeks to balance its Net Zero ambitions with mounting pressure over the cost of living.

[ad_2]

Source link

Share30Tweet19
Previous Post

How to choose a flight case for regular transport – London Business News | London Wallet

Next Post

Bitcoin Risks Final Leg Down to $54K in the Next 5 Months, Analyst Warns

Philip Roth

Philip Roth

Recommended For You

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet
UK

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet

April 13, 2026
The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet
UK

The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet

April 13, 2026
Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet
UK

Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet

April 13, 2026
UK should take Ukraine’s advice and rejoin EU, Rejoin EU Party says – London Business News | London Wallet
UK

UK should take Ukraine’s advice and rejoin EU, Rejoin EU Party says – London Business News | London Wallet

April 13, 2026
Next Post
Bitcoin Risks Final Leg Down to K in the Next 5 Months, Analyst Warns

Bitcoin Risks Final Leg Down to $54K in the Next 5 Months, Analyst Warns

Related News

Latest data reveals robust growth in the UK property auction market – London Wallet

Latest data reveals robust growth in the UK property auction market – London Wallet

December 4, 2023
Treasury Plans to Add Donald Trump’s Signature to US Currency

Treasury Plans to Add Donald Trump’s Signature to US Currency

March 27, 2026
E1 CEO teases where inaugural electric boat racing season will compete this year

E1 CEO teases where inaugural electric boat racing season will compete this year

January 31, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?