Labour’s plan to spend £28bn a year on green energy projects, like offshore wind farms and developing electric vehicles, was first announced by shadow chancellor Rachel Reeves in September 2021.
At the time Ms Reeves said the party needed to be “responsible” with the public finances, given the poor economic backdrop and rising cost of borrowing.
“Sadly, there is a huge gap emerging between the scale of the economic and environmental crises facing us, and the solutions being offered by a Labour leadership afraid of its own shadow.”
Barry Gardiner - Labour MP and a former shadow environment secretary - told the BBC’s Today programme: “It’s economically illiterate, it’s environmentally irresponsible and it’s politically jejune.”
Chief Secretary to the Treasury Laura Trott said: "This is a serious moment which confirms Labour have no plan for the UK, creating uncertainty for business and our economy.
“On the day that Labour are finalising their manifesto, Keir Starmer is torpedoing what he has claimed to be his central economic policy purely for short-term campaigning reasons.”
The original article contains 698 words, the summary contains 172 words. Saved 75%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Labour’s plan to spend £28bn a year on green energy projects, like offshore wind farms and developing electric vehicles, was first announced by shadow chancellor Rachel Reeves in September 2021.
At the time Ms Reeves said the party needed to be “responsible” with the public finances, given the poor economic backdrop and rising cost of borrowing.
“Sadly, there is a huge gap emerging between the scale of the economic and environmental crises facing us, and the solutions being offered by a Labour leadership afraid of its own shadow.”
Barry Gardiner - Labour MP and a former shadow environment secretary - told the BBC’s Today programme: “It’s economically illiterate, it’s environmentally irresponsible and it’s politically jejune.”
Chief Secretary to the Treasury Laura Trott said: "This is a serious moment which confirms Labour have no plan for the UK, creating uncertainty for business and our economy.
“On the day that Labour are finalising their manifesto, Keir Starmer is torpedoing what he has claimed to be his central economic policy purely for short-term campaigning reasons.”
The original article contains 698 words, the summary contains 172 words. Saved 75%. I’m a bot and I’m open source!