The Financial Times leads on plans by Rishi Sunak to allow companies to bid for new licences to drill for fossil fuels in the North Sea each year. The scheme will be part of Tuesday’s King’s Speech – which sets out the government’s key policies for the year. The paper says the announcement will allow the prime minister to contrast his “pragmatic proportionate and realistic” approach to achieving net zero by 2050 with Labour’s plans to make retain a “clean energy superpower”.