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Post by Red Rackham on Jul 6, 2023 20:21:58 GMT
Is this a sign that Starmer is getting serious about winning the next election. In 2021 he pledged to spend £28 billion a year on a 'green revolution' however, he seems to be backtracking on that particular pledge largely because he knows it's unaffordable. Senior party sources said existing capital spending projects are under review, as the party tries to convince the electorate it can be trusted with the economy. Rachel Reeves, the shadow chancellor, performed a major U-turn last week as she announced a Labour government would not borrow £28 billion each year of the next parliament to pay for green energy policies. linkEven Labour seem to have accepted the reality that is expensive and unreliable 'green' energy. |
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Post by Deleted on Jul 7, 2023 8:26:44 GMT
Good link.
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Post by Red Rackham on Jul 7, 2023 10:21:51 GMT
Not sure what happened there however, a more suitable link has been inserted. |
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Post by zanygame on Jul 7, 2023 17:00:22 GMT
Is this a sign that Starmer is getting serious about winning the next election. In 2021 he pledged to spend £28 billion a year on a 'green revolution' however, he seems to be backtracking on that particular pledge largely because he knows it's unaffordable. Senior party sources said existing capital spending projects are under review, as the party tries to convince the electorate it can be trusted with the economy. Rachel Reeves, the shadow chancellor, performed a major U-turn last week as she announced a Labour government would not borrow £28 billion each year of the next parliament to pay for green energy policies. linkEven Labour seem to have accepted the reality that is expensive and unreliable 'green' energy. I think its more to do with the debt they will inherit and the interest rates on that debt. The numbers sound insane, but £2.8Bn is just 0.1% of the UK public debt. At the end of the 2008 crash in 2011 UK debt was 80% of GDP. 8 Years of good Tory governance and austerity had raised that debt to 85% by 2019 (before Covid). Its now over 100% of GDP. |
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Post by Red Rackham on Jul 7, 2023 17:07:39 GMT
Is this a sign that Starmer is getting serious about winning the next election. In 2021 he pledged to spend £28 billion a year on a 'green revolution' however, he seems to be backtracking on that particular pledge largely because he knows it's unaffordable. Senior party sources said existing capital spending projects are under review, as the party tries to convince the electorate it can be trusted with the economy. Rachel Reeves, the shadow chancellor, performed a major U-turn last week as she announced a Labour government would not borrow £28 billion each year of the next parliament to pay for green energy policies. linkEven Labour seem to have accepted the reality that is expensive and unreliable 'green' energy. I think its more to do with the debt they will inherit and the interest rates on that debt. The numbers sound insane, but £2.8Bn is just 0.1% of the UK public debt. At the end of the 2008 crash in 2011 UK debt was 80% of GDP. 8 Years of good Tory governance and austerity had raised that debt to 85% by 2019 (before Covid). Its now over 100% of GDP. ZG, in 2021 Starmer committed to spend £ 28 billion [Not £2.8 billion] a year on a green revolution. At the time it was laughed at, and as Starmer slowly gets closer to a likely election win, he realises he has to back track on insane commitments. link |
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Post by zanygame on Jul 7, 2023 17:27:43 GMT
I think its more to do with the debt they will inherit and the interest rates on that debt. The numbers sound insane, but £2.8Bn is just 0.1% of the UK public debt. At the end of the 2008 crash in 2011 UK debt was 80% of GDP. 8 Years of good Tory governance and austerity had raised that debt to 85% by 2019 (before Covid). Its now over 100% of GDP. ZG, in 2021 Starmer committed to spend £ 28 billion [Not £2.8 billion] a year on a green revolution. At the time it was laughed at, and as Starmer slowly gets closer to a likely election win, he realises he has to back track on insane commitments. link Beg your pardon. Change that 0.1% to 1.0%That's 1% of current Tory debt. Do tell, why is 2,567Bn of borrowing good under the Tories, but another 28Bn terrible under Labour |
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Post by Red Rackham on Jul 7, 2023 17:58:53 GMT
ZG, in 2021 Starmer committed to spend £ 28 billion [Not £2.8 billion] a year on a green revolution. At the time it was laughed at, and as Starmer slowly gets closer to a likely election win, he realises he has to back track on insane commitments. link Beg your pardon. Change that 0.1% to 1.0%That's 1% of current Tory debt. Do tell, why is 2,567Bn of borrowing good under the Tories, but another 28Bn terrible under Labour Well OK you seem to think there's not much difference between £2.8 billion and £28 billion. It would seem Starmer disagrees. |
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Post by jonksy on Jul 7, 2023 18:03:41 GMT
Beg your pardon. Change that 0.1% to 1.0%That's 1% of current Tory debt. Do tell, why is 2,567Bn of borrowing good under the Tories, but another 28Bn terrible under Labour Well OK you seem to think there's not much difference between £2.8 billion and £28 billion. It would seem Starmer disagrees. ZG uses the a cast off abacus of abbots.... |
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Post by zanygame on Jul 7, 2023 18:05:15 GMT
Beg your pardon. Change that 0.1% to 1.0%That's 1% of current Tory debt. Do tell, why is 2,567Bn of borrowing good under the Tories, but another 28Bn terrible under Labour Well OK you seem to think there's not much difference between £2.8 billion and £28 billion. It would seem Starmer disagrees. Its all relative Red. 20p and £20 are very different unless you owe £20,000,000. As I said £28bn is 1% of current debt of £2567Bn under the Tories which you think is OK. |
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Post by zanygame on Jul 7, 2023 18:08:03 GMT
Well OK you seem to think there's not much difference between £2.8 billion and £28 billion. It would seem Starmer disagrees. ZG uses the a cast off abacus of abbots.... I'm not Educatated like you  |
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Post by Red Rackham on Jul 7, 2023 18:09:13 GMT
Well OK you seem to think there's not much difference between £2.8 billion and £28 billion. It would seem Starmer disagrees. Its all relative Red. 20p and £20 are very different unless you owe £20,000,000. As I said £28bn is 1% of current debt of £2567Bn under the Tories which you think is OK. You appear to be missing the point ZG. It's got nothing to do with me. It's Starmer who says his plan of spending £28 billion a year on a green revolution is in hindsight, not affordable. |
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Post by jonksy on Jul 7, 2023 18:11:08 GMT
ZG uses the a cast off abacus of abbots.... It shows....Funny enough the said abucus never worked for abbot either.....But it does take a modicum of intelegence and we know that is lacking in both individuals. |
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Post by zanygame on Jul 7, 2023 18:13:45 GMT
Its all relative Red. 20p and £20 are very different unless you owe £20,000,000. As I said £28bn is 1% of current debt of £2567Bn under the Tories which you think is OK. You appear to be missing the point ZG. It's got nothing to do with me. It's Starmer who says his plan of spending £28 billion a year on a green revolution is in hindsight, not affordable. Yes, but it is you who is questioning his reasons for doing so. Why do you avoid answering the points I put to you? |
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Post by zanygame on Jul 7, 2023 18:15:22 GMT
I'm not Educatated like you It shows....Funny enough the said abucus never worked for abbot either.....But it does take a modicum of intelegence and we know that is lacking in both individuals. A modicum of intelegence
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Post by Red Rackham on Jul 7, 2023 18:22:09 GMT
You appear to be missing the point ZG. It's got nothing to do with me. It's Starmer who says his plan of spending £28 billion a year on a green revolution is in hindsight, not affordable. Yes, but it is you who is questioning his reasons for doing so. Why do you avoid answering the points I put to you? ZG, lest not be silly. The only reason Starmer in 2021 said a Labour government would spend £28 billion a year on a green revolution was to grab headlines and get the green lobby on board. He now realises he has a good chance of having to put that policy into practice, he also knows it's totally unaffordable, so he's getting it out there well before the election that his 'green revolution' is in fact another U turn. Who knew. |
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