Google’s former boss has warned Sir Keir Starmer that he would fail to meet his 2030 clean energy goal unless he fixes UK regulations.
Eric Schmidt, Google’s former chief executive officer, said he believes Sir Keir can speed up regulation bureaucracy to ensure the government reaches its goal of decarbonising electricity by 2030.
But he said regulation is currently “killing you”.
Speaking to Sir Keir at an international investment summit in London, Mr Schmidt said: “Democracies, especially something as old as this one, have so many ways in which people can say no.
“I’d much rather – and I think the business community would much rather – have a single person who can say yes or no … and then they can move on.
“The cost of capital and the delay is killing you, and furthermore you’re not going to achieve your 2030 energy goal, which is laudable, without fixing this.
“You have a tactical leadership problem to achieve this and I think you can pull it off, but you have to figure out a way to get control.”
Sir Keir agreed the speed at which decisions get signed off “is a really big challenge”.
He said: “It has to be a cross-government priority, not just within the Treasury team. It’s going to be across government.
“So we are setting up some of the structures that will do this.
“But in the end, it’s a mindset. It’s a mindset that does this promote growth? Or does this not promote growth being the most important question we ask ourselves.”
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive Breaking News alerts on a smartphone or tablet via the Sky News App. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.