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  5. Labor Party leader downplays £28bn green investment pledge

Политика

Labor Party leader downplays £28bn green investment pledge

Jonathan Reynolds, the shadow business secretary, appears to be contradicting himself on the party's green policies. Photo: Typhoon Salchi/Avalon

Labor's main candidate appears to contradict himself over the party's £28 billion green pledge in two statements within an hour of each other, a sign of the party's confusion on the policy.

Jonathan Reynolds, the shadow business secretary, said the Labor Party remained committed to investing £28 billion in green projects as its «level of ambition» on Sky News on Sunday morning.

But in a separate interview about an hour later, Mr Reynolds said he did not want to talk about «money as the holy grail in terms of investment».

Sir Keir Starmer has pledged to borrow £28 billion annually for funding for green projects from year one if the party wants to win. But earlier this month he downplayed that promise, saying he promised to deliver «clean power» rather than «writing a check» by 2030.

This figure was then absent from the so-called party report. The «campaign bible» appeared last week and The Sunday Times reported that it would not be included in Labour's general election manifesto.

When asked about the party's view of the 28 billion pounds sterling, Mr Reynolds told Sky News: «How much you can spend is determined by the state of the economy, which is clearly in trouble, and our own fiscal rules, which want to see the debt fall by the end of Parliament.

< p>He added: “So we remain committed to this level of ambition, but we recognize that it is the financial rules that determine whether you can do this, and it is not because we are limiting our ambition in this area. This is a confession: if you don't have that discipline, you end up in the kind of disaster we saw with Liz Truss where you spend more money, but you only want to make that interest and not the investment. «.

«The reality of the opposition»

In an interview with Times Radio aired about an hour later, Mr Reynolds appeared to backtrack on his earlier comments and said: “We want the UK's national debt to fall at the end of Parliament. I don't want to talk about the amount of money being the Holy Grail in terms of investment.

“It's about achieving that level of ambition over time, while making it clear that how much you can spend and how much you can invest is governed by your budget rules.

“This is the opposition inside an envelope. what the government is doing, because that's your starting point. This is simply the reality of the opposition.»

Laura Trott, chief secretary to the Treasury, said «Labour doesn't have any plan on how to pay for your expenses» Photo: Eddie Mulholland

The Conservatives have again criticized the Labor Party for their green policies, accusing the party of having «no plan on how to pay for them.»

'Thousands of pounds in higher taxes.»

Laura Trott, chief secretary to the Treasury, said: “Jonathan Reynolds has reaffirmed his commitment to Labour's 2030 pledge, which they say costs £28 billion a year. But he couldn't say how Labor would pay for this waste of money because Labor simply doesn't have a plan to pay for it.

“It would mean thousands of pounds more in taxes on working people — breaking the progress we've made.” achieved in the economy, and return us to the starting point.”

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