The Labour leader, Rachel Reeves and Ed Miliband all agree the Liz Truss debacle means voters and markets need reassurance
Some in the party think the name of the £28bn-a-year policy, the “Green Prosperity Plan”, is a mistake too, pointing to how Joe Biden badged his own, enormous clean tech programme as the “Inflation Reduction Act”.
What is perhaps strange to some in the party is that Labour has had its £28bn-a-year pledge for nearly two years and still hasn’t fleshed out the detail of what it will be spent on. When she announced it, Reeves mentioned giga factories, hydrogen, offshore wind, tree planting, flood defences and home insulation but the plan remains sketchy.
I’m told that the new edict against any new spending pledges issued this week may extend to the next election. In a neat twist on the Tories’ own “there is no money left” charge levelled at Gordon Brown, shadow ministers are told not to expect more money. Most importantly, as the Shadow Chancellor first set out earlier this year, the whole plan will indeed be subject to Labour’s fiscal rules. One senior figure tells me that if there is any conflict “the fiscal rules will come first”.
Yet despite claims that sources close to Starmer are unhappy with the Biden-style plan, I’m told that he, Reeves and Miliband are in lockstep on the policy. “It is central to our plans,” one senior figure tells me. The Labour leader will underline his commitment when he launches his next “mission” for his government later this month, on how to decarbonise the UK by 2030.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rishi Sunak criticises Sir Keir Starmer over 'bizarre' North Sea oil and gas banThe prime minister accused the Labour leader of leading the UK into 'energy surrender' with his proposal, claiming it would 'only benefit Vladimir Putin'.
Read more »
Keir Starmer should not to take his 'soft' poll lead for granted, pollsters warn“You’re in a situation where people at the moment are going to Labour by default, not because they love the Labour Party” Experts are warning the party is still at risk of falling short of a majority at the next election 🔎 Analysis eleanormia
Read more »
Labour heading for 140-seat majority but Reform could give Tories a hung Parliament, poll says🔴 Labour is on track to win a 140-seat majority at the next election under new constituency boundaries which come into effect when the UK next goes to the polls eleanormia reports
Read more »
Diageo chief executive Sir Ivan Menezes dies just weeks before retirementDiageo's chairman pays tribute to the work and legacy Sir Ivan leaves behind, saying he was 'beloved by our employees, past and present'.
Read more »
Sir Ivan Menezes: Boss of Guinness maker Diageo dies at 63India-born Sir Ivan Menezes was the chief executive of the world's biggest spirits company.
Read more »