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Labour Set to Scale Back Flagship £28bn Net Zero Pledge

by Will Jones
6 January 2024 1:00 PM

Labour is set to scale back its £28 billion Net Zero investment pledge amid concerns that the Conservatives are going to pursue a “scorched earth” strategy and splurge on tax cuts and other items. The Times has the story.

Labour is preparing to significantly scale back its £28 billion green investment pledge amid concerns that the Conservatives are poised to pursue a “scorched earth” strategy and spend every penny available on tax cuts and other pre-election giveaways.

Jeremy Hunt, the Chancellor, is weighing up billions of pounds of cuts to income and inheritance tax in the spring budget. The Tories could also hold another fiscal event before the election.

Rachel Reeves, the Shadow Chancellor, believes that the Government will attempt to leave Labour with “no room for manoeuvre’’, forcing the party to scale back the policy.

A final decision will be made after the budget on March 6th but it is likely that the figure will be significantly reduced. Labour sources have already emphasised that its commitment includes £10 billion of the Government’s existing Net Zero policies. They said that they have repeatedly emphasised that meeting the party’s fiscal rules must come first.

Sir Keir Starmer, the Labour leader, described the £28 billion figure as a “confident ambition” rather than an explicit pledge. He said it would be subject to Labour’s fiscal rules, which will include reducing debt as a proportion of national income over five years. …

The Conservatives are likely to seize on any decision to scale back the pledge. They will argue that even if Labour drops the £28 billion figure the party will need the money to meet its commitment to get all of Britain’s electricity from clean power sources by 2030. The Tories have made the same commitment but for 2035.

Should the country leave itself without reliable, affordable energy in six years’ time or 11 years’ time? What a choice awaits us at the next election.

Worth reading in full.

Tags: Climate AlarmismKeir StarmerLabour PartyNet Zero

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9 Comments
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Gordon's Alive
Gordon's Alive
1 year ago

The country should NEVER leave itself without reliable, affordable energy and anyone who votes for the uniparty will be responsible for the lights going out.

Last edited 1 year ago by Gordon's Alive
146
0
DHJ
DHJ
1 year ago

Let’s stop pretending. What’s the civil service planning to do?

95
0
FerdIII
FerdIII
1 year ago
Reply to  DHJ

To spend £9 trillion by 2050 to shut down the economy, erect another 15000 bird choppers and millions of acres of solar panel monstrosities, impoverish the masses, end car usage, and round the peasants up in 15 minute ghettoes. Or something like that.

85
0
wokeman
wokeman
1 year ago

Any spending on nut zero is simply theft from working ppl.

105
0
huxleypiggles
huxleypiggles
1 year ago
Reply to  wokeman

Yes, it really is as simple as that.

31
0
JXB
JXB
1 year ago

£28billion ‘picking winners’ boondoggle.

27
0
Jabby Mcstiff
Jabby Mcstiff
1 year ago

Decades of plunder and disguised corruption and insufficient vigilance These are signs of entropy. Very difficult to see a way back now. It is surprisingly few who can survive complete collapse. People cave for all sorts of reasons that they can’t anticipate and some just learn to live for the fight. We all know that politicians aren’t that powerful anymore. Why keep up the pretence? Our overlords have shown us who is in charge. There is no coming back on that energetic level. It is being destroyed in real time. This battle isn’t confined to our realm it is occurring on other levels. You won’t grasp it by analysis. And it doesn’t matter what you grasp if you don’t have the energy to fight it. It’s the simultaneous revealing and overturning and nothing left in the ashes to rebuild with. Like Plato said of the post-Atlanteans – they had to start again like children with no recollection of what went before.

31
-1
Epi
Epi
1 year ago

“What a choice awaits us at the next election.”

”Spoilt paper – I DO NOT CONSENT”

19
0
The Real Engineer
The Real Engineer
1 year ago
Reply to  Epi

No use, simply vote Reform. It is all that is left, and a clear objection to everyone else!

11
0

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