Political Fix
Labour and business: friends or foes?
Sep 6, 2024
Join Lucy Fisher, a savvy Financial Times journalist, alongside her colleagues Miranda Green and Jim Pickard, as they dissect Labour's shifting stance towards businesses amidst impending employment law reforms. They explore the challenging balance between worker rights and business interests, especially in the wake of stricter regulations. Meanwhile, Andrew England delves into the UK's controversial policy changes regarding Israel, including halted arms exports and renewed aid for Palestinians, revealing the complexities of political decision-making in a turbulent landscape.
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Quick takeaways
- Labour's planned overhaul of employment laws aims to enhance worker rights, causing concern among businesses about regulatory impacts.
- The UK's suspension of arms export licenses to Israel reflects a shift in foreign policy driven by humanitarian law considerations and internal party tensions.
Deep dives
BP's Commitment to Lower Carbon Energy
BP is focusing on the development of lower carbon energy sources in the UK, prominently through initiatives like offshore wind energy, while simultaneously continuing its oil and gas operations from the North Sea. The company's shift in strategy has seen a significant increase in the proportion of its investment in carbon and transition businesses, rising from approximately 3% in 2019 to about 23% in 2023. This dual approach underscores BP’s commitment to maintaining energy supply while transitioning towards more sustainable energy solutions. The strategy reflects a broader industry trend of integrating renewable energy projects alongside traditional fossil fuels.
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