Energy is the new political battleground
With three weeks until the Budget, the main political parties have been setting out their economic thinking. Each faces the same bind: anaemic growth, fiscal constraints and uncomfortable exposure to the bond markets. The upshot is that there is less ‘clear blue water’ on the economy between Labour, the Conservatives and Reform. Even Sir Mel Stride, the shadow chancellor, irritated some colleagues by appearing to suggest he would raise income tax if he were in Rachel Reeves’s shoes at his party’s conference. ‘It’s a good job no one is listening to us,’ jokes a fellow frontbencher. If the economy is less of a dividing line in British politics, what might