In the headlines
Britain’s largest undeveloped oil field has been green-lit for drilling by the government regulator. Rosebank, about 80 miles northwest of the Shetland Islands, contains an estimated 300 million barrels of oil; production is scheduled to begin by 2027. Labour will immediately introduce VAT on private school fees if it wins power, senior party figures tell the I newspaper. The 20% tax, which would be imposed by abolishing the schools’ charitable status, would raise about £1.7bn a year. Dental boffins in Japan are developing a drug that could let people grow new teeth, by stimulating dormant “tooth buds”. Kyoto’s Toregem Biopharma says it has had encouraging results in ferrets and dogs, and plans to begin testing on humans next summer.