The catastrophe of the Iran war and the homegrown chaos of this week has once again laid bare the urgent need to reduce our vulnerability to the never-ending cycle of energy shocks.
Oil and gas companies have had their North Sea profits all but wiped out by a punitive energy profits levy that has made the UK virtually uninvestable.
Current liabilities far exceed both cash at hand and projected income. I wish to place on record my grateful thanks to the membership for their efforts for our party and for our cause. It has been a privilege to work with them. We can be proud of what we sought to achieve and also the support which we gave to our founder in his time of need.
Around 5,000 seats across 136 local councils will now be up for grabs, following the government's U-turn on council election delays. Ministers had granted 30 authorities permission to delay elections until May 2027 - including five areas where polls had already been put back from May 2025. But in February, the government said those elections would go ahead in May this year, following legal advice in the wake of a challenge from Reform UK.
This was a big, bold intervention from Anas Sarwar - to be the first leading Labour figure to call for the prime minister to go. He has done so out of frustration and anger. Anger at the prime minister's handling of the Mandelson mess. He said on Thursday that the Labour peer should never have been considered for the job of UK ambassador to Washington.
He urged moderate unionists no longer represented by the Tories and rational nationalists no longer represented by the SNP to find common ground in their support for Reform, but dismissed any prospect of a second referendum on independence in the medium term. I say no to the distraction of another referendum, for at least another 10 years, without ruling one out in the future, he said.
The Conservatives are calling for a proposed renovation of the Houses of Parliament to be paused and "refocused" over concerns about costs potentially running into the tens of billions. MPs have been presented with proposals to refurbish the ailing Palace of Westminster, including a plan that could cost almost 40bn and take 61 years to complete. The project team has warned delaying the restoration of the historic building, which costs 1.5m a week to maintain, would lead to "an expensive managed decline of the Palace".