Guardian
•78% Informative
Shadow chancellor Rachel Reeves promised to be Britain ’s first green chancellor’ when she announced in 2021 that a Labour government would invest 28bn a year in greening the economy.
A little over two years later , and the Labour party has unceremoniously dropped this commitment, instead pledging to spend a more modest 4.8billion a year over the next parliament on green investment.
But the economic situation today is fundamentally different to the last time Labour was in opposition with a big poll lead in the mid-1990s ; back then the City was booming and delivered significant, albeit ultimately unsustainable, revenues to the exchequer. Last week’s announcement to scale down its green prosperity plan means Labour has considerably more work to do on its plans for growth before an election..
VR Score
80
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