The UK's first Labour government budget in 14 years, delivered by Rachel Reeves, marked a significant event with a major focus on green hydrogen initiatives. Reeves announced 11 new green hydrogen projects across England, Scotland, and Wales, following recent commitments to invest in carbon capture, storage, and hydrogen. The budget also outlined plans to capitalize the National Wealth Fund to support industries, gigafactories, and ports as part of the country's modern industrial strategy. In a move to fill the 'black hole' in public finances, the budget included £40bn in tax rises, leading to a confrontation between parties. While employee national insurance, VAT, and income tax remained unchanged as per the Labour Manifesto, the employers' rate is set to increase by 1.2% from April 2025. Despite the tax rises, the budget included provisions beneficial to the automotive industry, such as no increase in fuel duty and a £2bn investment. The focus on energy investments also highlighted the need to address the skills shortage in the power industry. Dr. Jon Hiscock emphasized the importance of reskilling current workers and fostering a new generation of talent to support the transition to a low carbon energy system. Aberdeen was announced as the home of GB Energy, a move expected to kickstart a 'UK-wide clean energy revolution.' The company's plans to scale up clean energy, create jobs, and enhance energy independence align with the broader strategy to promote renewable energy sources in the UK. The article also mentions the opening of additional sites in Edinburgh and Glasgow, signifying the company's commitment to expanding its operations across the country.