Starmer Out, Burnham In: What Changes for UK Energy Policy?
OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal Europe isn't rejecting air conditioning—it… Tesla crushed expectations with second-quarter… Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… With Kier Starmer stepping down as the United Kingdom’s Prime Minister (PM), it looks increasingly likely that Andy Burnham, who is known as the “King of the North”, will take his place as the leader of the Labour Party and PM in July.
The Member of Parliament for the northern English constituency of Makerfield has significant political experience, having served as Mayor of Greater Manchester, but what are his plans for British energy? Burnham has along history in politics, serving as Shadow Home Secretary under the former Labour leader Jeremy Corbyn, and holding prominent roles under Gordon Brown, including Secretary of State for Health, Chief Secretary to the Treasury, and Secretary of State for Culture, Media and Sport.
Burnham has gone into the role strong, with plans to establish a new operation in Manchester called “No.
10 North” to give more funding and control to local leaders.
As he vies for the role of PM, Burnham has promised to “do things differently”.
However, it is not yet clear what his position will be on a range of subjects, including energy.
One thing is clear: Burnham plans to decentralise power if he becomes PM.
In a recent speech, Burnhamsaidthat Britain is “one of the most over-centralised countries in the world” and pledged the “biggest rebalancing of power our country has ever seen.” He also called for a 10-year mission to improve living standards through re-industrialisation, a major new housing programme, changes to the welfare system, and greater state control over some major utilities.
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Burnham’sre-industrialisation planaims to safeguard Britain’s manufacturing and production capabilities, including sectors such as steel, defence, energy, food, and farming.
This is likely a response to the recent geopolitical tensions caused by the United States-Israeli-led Iran war and the closure of the Strait of Hormuz, a critical trade corridor connecting Europe with Asia.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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