Andy Burnham, the Prime Minister, stated he communicated to former US President Donald Trump that the UK would maintain a pragmatic stance regarding North Sea oil and gas resources. Burnham emphasised the necessity of utilising these resources given the current economic struggles faced by the populace, directly challenging narratives for an immediate cessation of fossil fuel extraction.
Brewdog co-founder James Watt is launching a new beer brand, Second Best, offering nearly 20% of its shares free to individuals who lost investments in Brewdog's "Equity for Punks" scheme. This initiative follows Brewdog's collapse and acquisition by Tilray, which left crowdfunding investors without returns.
Chancellor Rachel Reeves has unveiled a package of measures, including a temporary VAT reduction on family attractions and free bus journeys for under-16s in England, aimed at alleviating cost of living pressures this summer. These proposals, however, have been met with scepticism regarding their overall impact, particularly as households face rising energy and food bills exacerbated by the conflict in Iran.
