The comments of Mr Reynolds and Ms Reeves appeared to suggest a theme: backing billions of pounds of green investment but letting the £28bn figure fall quietly by the wayside.
Because campaigning at the Kingswood by-election at around the same time Ms Reeves was speaking, Sir Keir Starmer restated the existing policy without any apparent qualms about using the figure.
Politically, it gets to one of the most important questions about Sir Keir Starmer’s Labour Party: if it enters government later this year, how would it balance economic discipline with its ambitions to transform the country?
A year later, after the dramatic changes to the economic climate caused by Liz Truss’s mini-budget, the target was adjusted such that a Labour government would meet it about halfway through its first term.
That’s what worries Labour strategists who believe that the most important priority for Sir Keir is to demonstrate fiscal restraint, and that as a result he should drop the figure altogether while continuing to promise a significant increase in green investment.
After Chancellor Jeremy Hunt delivers his Budget on 6 March, Labour will have a clearer idea of the pre-election tax and spend status quo.
The original article contains 751 words, the summary contains 195 words. Saved 74%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The comments of Mr Reynolds and Ms Reeves appeared to suggest a theme: backing billions of pounds of green investment but letting the £28bn figure fall quietly by the wayside.
Because campaigning at the Kingswood by-election at around the same time Ms Reeves was speaking, Sir Keir Starmer restated the existing policy without any apparent qualms about using the figure.
Politically, it gets to one of the most important questions about Sir Keir Starmer’s Labour Party: if it enters government later this year, how would it balance economic discipline with its ambitions to transform the country?
A year later, after the dramatic changes to the economic climate caused by Liz Truss’s mini-budget, the target was adjusted such that a Labour government would meet it about halfway through its first term.
That’s what worries Labour strategists who believe that the most important priority for Sir Keir is to demonstrate fiscal restraint, and that as a result he should drop the figure altogether while continuing to promise a significant increase in green investment.
After Chancellor Jeremy Hunt delivers his Budget on 6 March, Labour will have a clearer idea of the pre-election tax and spend status quo.
The original article contains 751 words, the summary contains 195 words. Saved 74%. I’m a bot and I’m open source!