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NATIONAL NEWS
G7 FINANCE MINISTERS I had to make a 24 hour dash out of Surrey over the weekend for the G7 Finance Ministers meeting in Italy. My fellow finance ministers would have completely understood my absence - the G7 are after all the world’s leading democracies so everyone understands what happens in elections. But I wanted to contribute to the Ukraine discussion, in particular to see if there was any way we can get more financial support for Ukraine. Putin thinks he can win by being more patient than us - so we need to show him our support for Ukraine is not and will not wane. My contribution was well received and I think there is a general understanding amongst my G7 colleagues that this is the only real issue history will judge us on. I gave an interview to Bloomberg when I was there which you can watch here.
NATIONAL SERVICE One of the Conservatives’ first big election announcements came this weekend with the Prime Minister announcing our plan to introduce a new model of national service for 18 year olds. Each 18 year old will be given the option to spend one weekend a month volunteering in their community or spend a year in full-time military commission. We anticipate, based on how it works in Sweden which we have looked at closely, that around 10% of young people will opt for the full fat military option so it is not compulsory military service. But I think it works as a policy because participants will gain real-life skills serving in jobs with the NHS or RNLI meeting people from all backgrounds. We also have to be honest that we live in an incredibly uncertain world at the moment where training more people as potential reservists is a sensible thing to do. William Hague has an excellent article in today's Times on the issue.
ENERGY There was some fantastic news on Friday from the National Grid that they will be investing a mammoth £60 billion in our energy infrastructure, creating 55,000 jobs. This is the sort of essential work needed so that we can continue to be a leader in the transition to renewable energy and comes alongside £1.1 bn of government funding to support new investments in offshore wind, carbon capture and storage, hydrogen and nuclear. That came on top of Ofgem announcing a fall in the energy price cap, which means the typical annual bill paid by direct debit will fall to £1,568 per year.– more information on that here.
WHAT’S GOING ON LOCALLY
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