The Cost of War in the Energy Crisis

The shadow chancellor’s American dream

Economics Editor Faisal Islam is in the hot seat. Labour’s Rachel Reeves has been in New York and Washington to talk about how one of the US administration’s flagship policies has inspired her own economic vision. America’s Inflation Reduction Act will boost the green economy and provide huge subsidies to consumers who buy American-made products. How might a similar scheme work in the UK?

He also gets chancellor Jeremy Hunt’s thoughts.

Faisal also asks Octopus Energy founder Greg Jackson and Andy Palmer, chairman of electric car battery company InoBat, how the plans might work in practice.

Today’s Newscast was presented by Faisal. It was made by Ben Carter with Miranda Slade, Rufus Gray and George Dabby. The technical producer was Dafydd Evans. The senior news editor was Damon Rose.