BP is slashing 8,000 jobs as Labour’s Net Zero crusade piles pressure on oil and gas firms. The cuts include 4,700 staff and 3,000 contractor roles, driven by Ed Miliband’s push to wind down North Sea oil production and ramp up renewables. Labour’s beefed-up windfall tax on energy profits isn’t helping either. So much for lofty promises of boosting jobs…
Meanwhile, Miliband has admitted heat pumps might never be cheaper than gas boilers, admitting yesterday:
“We can say to people you need to get a heat pump, not a gas boiler, potentially, at some point in the future. But I’m very wary of saying we’re going to stop people having gas boilers at a point when we can’t guarantee heat pumps are going to be cheaper for people.”
Despite this, Labour snuck a “boiler tax” through Parliament last night, fining manufacturers who don’t sell enough heat pumps, likely adding £120 to the cost of a new boiler. Net Zero short-circuiting the economy…
Kemi Badenoch at the 1922-ConHome bash last night:
“I did praise [Burnham] for his stamina, it was amazing. All I had to do was sit back and lie there. I didn’t have to do anything at all…”