Berliner Boersenzeitung - UK's PM creates four ministries with new energy drive

EUR -
AED 4.228601
AFN 74.833361
ALL 93.368461
AMD 421.345853
AOA 1055.725524
ARS 1720.442591
AUD 1.644219
AWG 2.075186
AZN 1.957638
BAM 1.953988
BBD 2.318419
BDT 142.136432
BHD 0.434151
BIF 3448.08995
BMD 1.151282
BND 1.476235
BOB 14.014027
BRL 5.875109
BSD 1.151062
BTN 109.687113
BWP 15.655595
BYN 3.36486
BYR 22565.129553
BZD 2.315092
CAD 1.617379
CDF 2604.199995
CHF 0.932651
CLF 0.026975
CLP 1065.119884
CNY 7.774148
CNH 7.779686
COP 3732.491172
CRC 522.880935
CUC 1.151282
CUP 30.508976
CVE 110.810701
CZK 24.210424
DJF 204.606039
DKK 7.476774
DOP 67.06257
DZD 153.098144
EGP 57.707622
ERN 17.269232
ETB 184.032191
FJD 2.552848
FKP 0.853959
GBP 0.857533
GEL 3.00444
GGP 0.853959
GHS 13.481604
GIP 0.853959
GMD 85.19455
GNF 10073.718812
GTQ 8.78232
GYD 241.199513
HKD 9.028204
HNL 30.923824
HRK 7.537098
HTG 150.500598
HUF 364.196894
IDR 20686.237133
ILS 3.504083
IMP 0.853959
INR 109.752185
IQD 1508.179577
IRR 1583300.735567
ISK 142.02184
JEP 0.853959
JMD 182.340574
JOD 0.81622
JPY 180.974677
KES 148.941474
KGS 100.679921
KHR 4648.293214
KMF 492.749181
KRW 1645.642025
KWD 0.356334
KYD 0.959256
KZT 546.030326
LAK 26018.975923
LBP 103097.313717
LKR 386.479698
LRD 208.670223
LSL 19.031011
LTL 3.399437
LVL 0.696399
LYD 7.327875
MAD 10.746931
MDL 20.098223
MGA 4944.756582
MKD 61.459523
MMK 2417.327659
MNT 4137.165176
MOP 9.298051
MRU 46.155253
MUR 53.845304
MVR 17.787768
MWK 1999.777118
MXN 19.947569
MYR 4.715194
MZN 73.568485
NAD 19.030311
NGN 1570.486648
NIO 42.090482
NOK 10.995886
NPR 175.500542
NZD 1.961633
OMR 0.442661
PAB 1.151052
PEN 3.908034
PGK 5.088234
PHP 70.11879
PKR 319.854967
PLN 4.31257
PYG 6866.213717
QAR 4.197286
RON 5.247311
RSD 117.353658
RUB 92.567523
RWF 1690.082152
SAR 4.308707
SBD 9.292178
SCR 15.723088
SDG 690.769729
SEK 11.016853
SGD 1.476055
SLE 28.149072
SOS 657.849808
SRD 43.525378
STD 23829.215456
STN 24.867694
SVC 10.071827
SZL 19.03088
THB 38.417821
TJS 10.630201
TMT 4.029487
TND 3.385347
TRY 54.73023
TTD 7.805252
TWD 37.313515
TZS 3045.446291
UAH 51.633991
UGX 4307.761094
USD 1.151282
UYU 46.294446
UZS 13831.503545
VES 860.987949
VND 30263.75309
VUV 137.060315
WST 3.14817
XAF 655.312162
XAG 0.019784
XAU 0.000284
XCD 3.111398
XCG 2.07455
XDR 0.813762
XOF 656.809703
XPF 119.331742
YER 274.468468
ZAR 19.004333
ZMK 10362.917244
ZMW 21.632431
ZWL 370.712373
  • RBGPF

    -3.2100

    66

    -4.86%

  • CMSC

    -0.0800

    21.76

    -0.37%

  • CMSD

    -0.0900

    22.02

    -0.41%

  • BCE

    0.1100

    21.79

    +0.5%

  • GSK

    -0.1800

    51.51

    -0.35%

  • BTI

    -1.0900

    59.56

    -1.83%

  • RIO

    -0.9500

    95.9

    -0.99%

  • NGG

    -0.1100

    79.86

    -0.14%

  • AZN

    -11.6700

    157.97

    -7.39%

  • BP

    -0.9600

    44.26

    -2.17%

  • RELX

    0.7400

    36.16

    +2.05%

  • BCC

    6.6500

    83.03

    +8.01%

  • RYCEF

    0.7000

    20.2

    +3.47%

  • VOD

    -0.1700

    15.61

    -1.09%

  • JRI

    -0.1400

    12.82

    -1.09%

UK's PM creates four ministries with new energy drive
UK's PM creates four ministries with new energy drive / Photo: ISABEL INFANTES - AFP

UK's PM creates four ministries with new energy drive

British Prime Minister Rishi Sunak vowed Tuesday to slash sky-high power bills as he reshuffled his government with a focus on energy, climate net zero targets and scientific innovation.

Text size:

Sunak created four new ministries in his first cabinet overhaul since his surprise ascent to power in October, as he bids to salvage his ruling Conservatives' chances in May local elections.

Referencing Russia's invasion of Ukraine, he said that events over the past year showed the danger "when we're reliant on imported energy from hostile countries".

"That's why the creation today of a new department focused specifically on energy security and net zero is so important," the prime minister told reporters.

"It's going to mean that we can reduce people's energy bills," as well as drive the "transition to cleaner forms of energy as we hit our net zero ambitions and create jobs in the process", he added.

"We're focused on delivering for the British people and this will help us do that."

The surge in energy bills has fuelled a cost-of-living crisis for many Britons and a series of public-sector strikes by nurses, ambulance drivers, train workers and others.

The inflationary crisis, and the Tories' political infighting, have seen the ruling party slump in the polls against the opposition Labour party.

The reshuffle followed the sacking of Conservative party chairman Nadhim Zahawi over his murky tax affairs, and as Sunak's predecessors Boris Johnson and Liz Truss have resurfaced with veiled criticism of his policy agenda.

Sunak appointed close confidant Greg Hands to replace Zahawi in the role of party chair and cabinet minister without portfolio -- tasked with avoiding a rout for the Tories in May and at the next general election expected next year.

"The work starts right away," Hands tweeted.

The new Department for Energy Security and Net Zero will be headed by Grant Shapps, who was formerly business and energy secretary.

- Sinking ship? -

Sunak's spokesman addressed criticism that his government has backtracked on climate change, after Johnson made limiting global temperature rises a centrepiece of his platform.

The spokesman said that "equally, it's about making sure we have energy security, whether that's offshore wind or nuclear".

Doug Parr, Greenpeace UK’s director of policy, said the new department would prove as "helpful as rearranging the deck chairs on the Titanic".

"It's government policy and underinvestment that is holding back real action on the climate and energy crises, not the departments or ministers in place," he said in a statement.

Minus its energy portfolio, Shapps' old business department is being merged with the international trade ministry, whose head and rising Tory star Kemi Badenoch takes on the expanded brief.

Sunak also launched a new Department for Science, Innovation and Technology, switching ex-culture secretary Michelle Donelan into that role.

The prime minister, who studied and worked in California, has spoken of his mission to drive scientific discovery and turn Britain into a new "Silicon Valley".

But scientific lobby groups said the government must first prioritise restoring UK membership of the European Union's "Horizon" programme for joint research, which ended with Brexit.

Junior minister Lucy Frazer was promoted to replace Donelan as secretary of state for the new-look Department for Culture, Media and Sport.

One cabinet member keeping his job is Deputy Prime Minister Dominic Raab, despite mounting accusations that Sunak's ally has been guilty of bullying and victimising civil servants.

The allegations are under investigation, and Sunak said it was right to await the outcome of the probe by his independent ethics adviser.

But nodding to Zahawi's abrupt dismissal, he warned "I won't hesitate to take swift and decisive action" if given conclusive findings of wrongdoing.

(Y.Berger--BBZ)