US ambassador to the UK Warren Stephens

The US ambassador to the UK has warned Britain’s sky-high energy prices threaten to undermine its status as a major global economy.

Speaking at an event at the Savoy Hotel on Wednesday, Warren Stephens described UK energy prices, which are among the highest in the world, as the “chief obstacle” to growth.

“Energy costs in the United Kingdom are too high on which to run an industrialized economy,” Stephens said.

“Every business I meet, in every sector, complains to me that energy costs make the UK an expensive, and difficult, place to do business. It does not take an economic savant to know that is not a good combination.”

“Improving the economy all starts and ends with energy. If there are not major reforms to UK energy policy, then the UK’s po

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