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Graham Stuart tells MPs that awarding more than 100 licences for North Sea drilling is a green policy Fracking and drilling for new oil and gas in the North Sea is green and good for the environment, Liz Truss’s new climate minister said on Wednesday. Graham Stuart insisted that awarding more than 100 licences to companies for North Sea drilling, covering almost 900 locations, and rolling out fracking across the countryside, were green policies. He told MPs on the environmental audit committee that drilling for new fossil fuels would help the UK reach net zero by 2050. Continue reading… ​Graham…

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Statement counters claims the institution was considering an extension The Bank of England has insisted it is ending its emergency bond-buying programme on Friday as planned, countering claims it was considering an extension, and expects pension funds to raise extra cash in time protect against future shocks. A £65bn intervention by the Bank has failed to quell turmoil on the bond markets, with the value at which government debt trades continuing to fall. Continue reading… ​Statement counters claims the institution was considering an extensionThe Bank of England has insisted it is ending its emergency bond-buying programme on Friday as planned,…

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Overall blood stocks in England are at 3.1 days but levels of O-type have fallen to less than two days The NHS has declared its first-ever amber alert after blood supplies fell to a critically low level. An NHS Blood and Transplant official confirmed to the Guardian that overall blood stocks in NHS England were at three days and levels of O-type had dropped to less than two days. A statement will be issued shortly, the official said. Continue reading… ​Overall blood stocks in England are at 3.1 days but levels of O-type have fallen to less than two daysThe…

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Shares slide after developer warns of ‘less certain’ outlook as housing market hit by jump in borrowing costs Barratt Developments has reported a slump in reservations of new homes in recent weeks, as the housing market is hit by economic uncertainty and rising mortgage rates. Shares in Britain’s largest housebuilder tumbled by as much as 8% in early trading on Wednesday, the biggest faller on the FTSE 100, and dragged down the share prices of its housebuilding rivals after it warned of a “less certain” outlook. Continue reading… ​Shares slide after developer warns of ‘less certain’ outlook as housing market…

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