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Rachel Reeves, the shadow chancellor, said that if Labour were elected it would aim to borrow only for investment. Annual inflation fell to 3.4 per cent in February, from 4 per cent in January. Kemi Badenoch, the Business Secretary, said that only a ‘small minority of MPs’ were talking about getting rid of Rishi Sunak as party leader and replacing him with Penny Mordaunt. Mr Sunak rushed to Coventry to announce a scheme to help apprentices. Barack Obama, the former US president, called at 10 Downing Street. Vaughan Gething became the First Minister of Wales; his father was born in Glamorgan and his mother in Zambia, and he said: ‘I have the honour of becoming the first black leader in any European country.’
Some 4,000 miles of undersea cables and 1,000 miles of power lines with pylons must be built between 2030 and 2035, costing £58 billion, to meet government decarbonisation targets, according to the Electricity Systems Operator, owned by National Grid but due to be taken into government ownership later in the year.
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