Climate, Credit and the King’s Greek Tie: Saturday UK Briefing

(Bloomberg) -- Hello, from London, where the Elgin Marbles will be staying in the British Museum for awhile longer.

The diplomatic dispute with Greece took a few unusual turns this week, starting with Rishi Sunak’s last-minute cancellation of a meeting with Prime Minister Kyriakos Mitsotakis in London over the Greek leader’s public comments calling for the return of the sculptures that once adorned the Parthenon. Mitsotakis later said he wants to preserve good relations with the UK.

“I certainly want to leave this unfortunate incident behind me, but it always takes two to tango,” Mitsotakis told Bloomberg Television’s Francine Lacqua on Friday. On the same day, King Charles III—whose father was born in Greece—appeared at COP28 in a blue-and-white tie adorned with Greek flags.

Sunak was also at the climate summit in Dubai, pledging to spend £1.6 billion as he tries to show the UK remains committed to the cause even after he watered down his government’s green agenda and promised to boost oil and gas exploration.