*TOMORROW* The UK Politics of Stronger Public Control

Research evidence excerpt

*TOMORROW* The UK Politics of Stronger Public Control

EUROPE | Utilities & Clean Energy EquityJuneResearch9, 2026

*TOMORROW* The UK Politics of Stronger

Public Control

With the UK political landscape and leadership uncertainty rising, political .

risk is back in focus. Labour’s leftward shift, alongside the rise of Reform

UK, could reshape regulation, risk premia, & sentiment across utilities. We

will host Michael Dugher and David Blackburn, both at Brunswick—Michael

as Head of UK Public Affairs and former Labour MP, and David as an expert

in UK regulatory and political risk, to discuss the implications for capital

allocation.

Wednesday, June 10, 2026

3:00 PM BST / 4:00 PM CEST / 10:00 AM EDT

Hosted by: Ahmed Farman (Head of Utilities & Clean Energy Equity Research EMEA) & Modupe

Adegbembo (European Economist)

To register for the call, please click on the following pre-registration link HERE.

Topics of Discussion:

The Labour Party leadership contenders and likely policy direction•

What could “stronger public control” mean in practice for utilities?•

Affordability vs net-zero: what's the debate within the Labour Party?•

How to assess the risks of policy shifts from the rising political role of Reform UK?•

What safeguards are in place for investors to mitigate regulatory and policy risk?•

Relevant stocks: SSE, NG, Orsted, RWE, Centrica, Drax, IBE, ENGIE, UU, SVT, and PNN.

SPEAKER BIOGRAPHIES

Michael Dugher leads Brunswick’s UK Public Affairs Practice, having joined the firm as a

Senior Advisor in September 2024. He advises clients from a range of sectors to help them

navigate political, public policy, and reputational challenges.

Michael brings 30 years of high-level public affairs and communications experience to

Brunswick.