Post by Red Rackham on Jun 26, 2024 18:51:17 GMT
Reaching Labour’s target for decarbonising the economy will cost “hundreds of billions” of pounds, a shadow minister has admitted in a leaked recording obtained by The Telegraph.
Darren Jones, the shadow chief secretary to the Treasury, said the £28 billion per year originally allocated to Labour’s green investment plan was a “tiny” amount. He said the fact that Sir Keir Starmer had downgraded his investment plans from £28 billion to £4.7 billion “made it sound as if we basically junked the whole thing but we definitely haven’t”.
Mr Jones told a public meeting in Bristol that private capital would have to be used to upgrade infrastructure, but “public subsidy” would still be needed alongside that. The Conservatives say Sir Keir has not been honest with the public about how he intends to raise the money to pay for his manifesto plans as a whole, and that he will have to raise tens of billions more through tax or borrowing to fill a huge gap in the overall ledger.
Labour wants to convert Britain to “clean energy” by 2030, a target the energy sector has described as “unachievable”.
www.telegraph.co.uk/politics/2024/06/26/labour-net-zero-plans-hundreds-billions-darren-jones-audio/
It's not what Starmer is saying we should worry about. It's what he is not saying that's a concern. He may not be openly lying, but lying by omission is still lying.
Yes indeed vote Labour, one in the eye for the nasty Tories. And spend the next five years regretting it.
Darren Jones, the shadow chief secretary to the Treasury, said the £28 billion per year originally allocated to Labour’s green investment plan was a “tiny” amount. He said the fact that Sir Keir Starmer had downgraded his investment plans from £28 billion to £4.7 billion “made it sound as if we basically junked the whole thing but we definitely haven’t”.
Mr Jones told a public meeting in Bristol that private capital would have to be used to upgrade infrastructure, but “public subsidy” would still be needed alongside that. The Conservatives say Sir Keir has not been honest with the public about how he intends to raise the money to pay for his manifesto plans as a whole, and that he will have to raise tens of billions more through tax or borrowing to fill a huge gap in the overall ledger.
Labour wants to convert Britain to “clean energy” by 2030, a target the energy sector has described as “unachievable”.
www.telegraph.co.uk/politics/2024/06/26/labour-net-zero-plans-hundreds-billions-darren-jones-audio/
It's not what Starmer is saying we should worry about. It's what he is not saying that's a concern. He may not be openly lying, but lying by omission is still lying.
Yes indeed vote Labour, one in the eye for the nasty Tories. And spend the next five years regretting it.