Energy

Forgive the doom-mongering, but the US, and especially the UK, may be dangerously on course for a sovereign debt crisis. Yet debt and deficits play a surprisingly minimal role in our countries’ politics. Overspending on borrowed money hardly featured in either nation’s elections of 2024. A Labour MP hoping for Andy Burnham to challenge Keir Starmer for her party’s leadership recently told Times Radio that investors would see the UK as “the best place to be” if only the government pursued “progressive policies that do speak to our communities.” She added darkly, “The markets will have to get into line” – which was like brandishing a saber at the heavens and threatening that the weather “will have to get into line”... or else!

Greco-Roman wrestling Sir: Rod Liddle suggests that some, perhaps many, middle-class voters on the right or centre right are deterred from supporting Reform because of their perception of the party as an unsavoury embarrassment (‘Can Reform smash its class ceiling?’, 23 May). Harold Macmillan in the second world war appreciated that the Americans – ‘great, big, vulgar, bustling people, more vigorous than we are’ – represented the equivalent of the Romans taking over from the declining, but perhaps more cerebral Greeks – the British. But he also argued: ‘We must run Allied Forces HQ [in Algiers] as the Greek slaves ran the operations of the Emperor Claudius.

Less near Where exactly is the Middle East?  – The term was first popularised in an article by Alfred Thayer Mahan, a US academic on naval strategy, published in the National Review in 1902, proposing that western powers would need outposts like Gibraltar to serve their interests in the region, which he defined as the countries bordering the Persian Gulf. This distinguished it from the Near East, a now largely defunct term for the countries surrounding the eastern Mediterranean, including Turkey and the Balkans. Over the first half of the 20th century, the Middle East gradually consumed the Near East.

Economic forecasting was created, J.K. Galbraith said, to make astrology look respectable. It is not difficult to imagine what the great Keynesian economist would have thought of Rachel Reeves’s Spring Statement this week. It was pure -crystal balls. The statement was redundant on delivery – redundancy being one of the few areas of growth in our economy, as the bleak unemployment figures amply attest. The developing conflict in the Middle East, which has unleashed precipitous oil and gas price rises, has rendered the Chancellor’s promises of future growth more unlikely than ever.

It came to pass in 2020 that a decree went out from the General Synod that all the Church of England must be carbon net-zero by 2030. And this ruling was first made when Justin Welby was Archbishop of Canterbury. And all went to have a good hard look at their church heating systems, every one into his own vestry cupboard… How easy it is to issue a decree from on high; and how hard it is for the people on the ground to have to deal with its consequences.

Imagine dropping a pea-sized capsule through a spherical chamber and hitting it with a colossal bolt of laser energy as it falls. If the capsule contains a mixture of deuterium and tritium, two heavy versions (isotopes) of hydrogen, then the atoms may fuse, turning into helium and emitting fast neutrons as they do so. Those neutrons and their accompanying radiation can heat molten salts around the walls of the chamber and that heat can be used to power industrial processes – or to boil water and generate electricity through a steam turbine. That’s the dream of a firm called Xcimer, one of the more ingenious fusion energy startups, based in Colorado.