'He will be seething!' Rachel Reeves risks war with Ed Miliband over plans to speed up North Sea drilling
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He will be seething!' Rachel Reeves risks war with Ed Miliband over plans to speed up North Sea drilling.
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Rachel Reeves has confirmed she is planning to speed up drilling in the North Sea in a bid to soften the blow of the Iran war on energy bills.The Chancellor said she was looking at ways to "exploit" Britain's oil and gas resources - and was "pretty intensely" working out technical details.In November, Ms Reeves announced plans for "tie-backs" which would connect new fields to existing drilling infrastructure.Speaking at International Monetary Fund meetings in Washington DC, the Chancellor said the Government was now looking at ways to speed up those plans, with an announcement expected soon.
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TRENDING Stories Videos Your Say She said: "I announced in the Budget last year that we were going to allow tie-backs."What tie-backs are is where you use existing infrastructure to exploit sort of larger geography of oil and gas as the quickest way to bring on-stream more oil and gas," she added.The move could risk further tensions between Ed Miliband and the Chancellor - though it is understood...
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