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Labour set to further water down £28bn green plans – reports

25 Nov 2023 2 minute read
Labour leader Sir Keir Starmer speaking to the media. Photo Jacob King/PA Wire

The Labour Party may be set to further water down its pledge to spend £28 billion-a-year on green initiatives, according to reports.

Both the BBC and the Telegraph reported that the plan could be scaled back again as Labour instead focuses on meeting the party’s fiscal rules.

Labour had originally promised in 2021 to invest £28 billion-a-year until 2030 in green projects if it came to power. But in June shadow chancellor Rachel Reeves said that the figure would instead be a target to work towards in the second half of a first parliament.

Now the party could be set to backtrack further. The Tories have latched onto the policy to attack Labour’s fiscal credibility, attacking the idea of the extra borrowing needed to fund the pledge.

Public finances

The BBC said that a senior source in Sir Keir Starmer’s office suggested the £28 billion figure may not be reached at all due to the current state of the public finances.

A source also told the Telegraph that fulfilling Labour’s fiscal rules was more important than meeting that pledge.

The party’s rules include paying for day-to-day expenditure through tax receipts and getting debt down as a share of the economy.

Any move to further dilute the commitment is likely to anger climate campaigners and prompt accusations of another U-turn by Sir Keir.

Disaster

Hannah Martin, co-director of the Green New Deal Rising campaign group, said any such move would be a “disaster”.

“Failing to commit even to the basics of investing in our planet and economy would be a huge betrayal – and our generation won’t let them forget it,” she said.

It comes after Jeremy Hunt’s autumn statement offered significant tax cuts, but pencilled in steep curbs in public spending beyond the next general election.

Sir Keir Starmer has already acknowledged that his party will face “tough choices” if it wins the next general election.


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Jeff
Jeff
3 months ago

Tory party are slashing and burning the UK before they are likely kicked into touch. What party can pick up the pieces? This is the state of the Tory party now, they would ruin the UK out of spite and incompetence because they are unlikely to get another term. Every single Conservative interviewed by the press and questioned competently and needs to be pinned down on this.
BBC, ITV, looking at you.

Sarah Good
Sarah Good
3 months ago

So the Tories are spending all the money as quick as possible to scupper any possibility of a recovery under Labour. Tory priorities are:-
Self gratification
Covering up personal scandals
Bank account
Bribes
Petty revenge / spite
Party
Donors
Second jobs
Second homes
Their own family
School chums
Twitter
GBNews
I’m a Celebrity Get Me Out of Here
Hunting
Country

Labour are not a great party under the human manifestation of weak lemon squash, but we need respite from the Morlock Party

Last edited 3 months ago by Sarah Good
Dai Ponty
Dai Ponty
3 months ago

Labour will never be able to repair the damage THATCHERS PUBLIC SCHOOL BRATS have done it will take decades there is so much damage

Richard E
Richard E
3 months ago

Perhaps the term

“ watering dowm 💦” on Green issues might best be refocused as
“ letting down again “

Steve A Duggan
Steve A Duggan
3 months ago

The Labour party are looking more like a “watered down” Tory party everyday. Yes, the Tories have to go but the Labour party isn’t showing us an exciting alternative. There was expectation of a better future before the last Labour government came in, in 1997 – but there is no such expectation this time round.

Gareth
Gareth
3 months ago

With the UK being sidelined at the UN, and American opposition to the UK taking the leadership role at NATO, and our armed forces being at a record low in numbers, why not get rid of Trident and nuclear weapons, and spend it on things the UK desperately needs. What happened to Labour politicians like Michael Foot, at least he was ” left wing” unlike Tory ” light” Starmer.

Jeff
Jeff
3 months ago
Reply to  Gareth

If Trump gets back in, of which there is a chance, you will be glad of the nukes now we have left the EU.

Sikejsudjek
Sikejsudjek
3 months ago
Reply to  Gareth

Ukraine got rid of its nuclear weapons. Didn’t turn out so well for them did it!

Gareth
Gareth
3 months ago
Reply to  Sikejsudjek

And the UK having nuclear weapons didnt turn out well for Falkland islanders did it. It did not seem to deter Argentina.

Jeff
Jeff
3 months ago
Reply to  Gareth

Issues are more complex that and you know it.
Putin and Trump, what a scenario. Trump will ceded power to his master, the GOP in the US are full on nutcase now, don’t look there for help if the orange one wins. The world will pay a heavy price for that turnip in power.
We are outside the EU now. Trump will wreck NATO, he will drop Ukraine in the deep end. All that stands between Putin doing a Hitler tour is the EU and UK with some backup. Now is the time to own the big stick.

Gareth
Gareth
3 months ago
Reply to  Jeff

Please can you explain why being outside the EU affects our security, when it is NATO, a military body and not the EU which is a trading block which determines how we react militarily. Canada, are they now more vulnerable to attack as they have no nukes, but are a NATO member, same with Germany, no nukes but do have American ones on their territory.

Iago Traferth
Iago Traferth
3 months ago
Reply to  Gareth

Right bring back Jezza Diane and Emily the dream team. Why people never voted for them I will never understand. They would have fully supported all green initiatives and got rid of the nukes.

pawl
pawl
3 months ago
Reply to  Iago Traferth

Gwnaeth 40% yn 2017

Iago Traferth
Iago Traferth
3 months ago
Reply to  pawl

Dim digon!

Elen Wade
Elen Wade
3 months ago

When steam power arrived, it took over. When internal combustion engines arrived, they took over. When gas/oil fired central heating arrived, it replaced coal grates and smog. And so on. The reason why these things happened is because each example improved lives, commerce and made running costs within reach of the vast majority of people. Their efficacy has stood the test of time for over 100 years. What’s being proposed now is not a step forward in any way, be it efficacy or cost. The pushers of this nonsense have to heavily subsidise and lie about their “solutions” to reduce… Read more »

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