Donald Trump's ambassador to Britain has said the UK "must use all your assets" when it comes to energy. In an interview with The Times, billionaire banker and art collector Warren Stephens discussed the North Sea and the importance of an energy mix. "You still have enormous fossil fuel potential not only in the North Sea, but there are big shale fields on shore in Lincolnshire. And you buy gas from Norway and they get it from the North Sea. Regarding farmers having to pay inheritance tax, he said: “That would be very unpopular if you had to pay inheritance tax on your land in the US.

Source: The Times August 11, 2025 13:51 UTC