#JeremeyHunt wants to increase #investment in the UK, and you'll recall that the B in BP stands for 'British' so its great to see BP investing over £6bn in #renewableenergy via a new #offshore #wind generation project, huh?

Well, yes & no - good to see a #fossilfuels corporation actually putting money into th #GreenTransition but the #windfarm concerned is off the coast of #Germany not the UK.

Looks like Hunt's going to need more than wishful thinking to increase investment in the UK

Larry Elliott (Guardian) detect a new (partial) #economic consensus, he calls 'Reevuntism' which sees the #Tories moving leftwards to the centre ground on the #macroeconomics of policy while under #KeirStarmer the Labour Party has moved rightwards....

You can judge his conclusions for yourselves, but if there is a bipartisan consensus that the current #Tory policies of #JeremeyHunt are as good as it gets then we are in pretty deep sh*t!

https://www.theguardian.com/commentisfree/2023/jun/01/brexit-labour-tory-policies-rachel-reeves-jeremy-hunt

Its all very well blaming the global context for #inflation, but what the data shows is that the contribution made to inflation by goods with a low imported element is rising;

goods & services made in the UK, using UK sourced inputs are increasingly significant element in the UK's persistent inflation.

You might want (as the BoE & #JeremeyHunt periodically do) to blame this on #workers' pay rises, but it is profits that seem to be less likely to lag prices rises...

#greedflation revealed?