Labour leader would only confirm the mission to clean power remains in place
Sir Keir Starmer has refused to recommit to spending £140billion to create a zero carbon electricity system by 2030.
In the latest suggestion he will scale back plans to borrow billions to meet the pledge, the Labour leader would only confirm the mission to clean power remains in place.
Labour originally promised in 2021 to invest £28billion a year until 2030 in green projects if it came to power – totalling £140billion. But last year shadow chancellor Rachel Reeves said the figure would instead be a target to work towards in the second half of a first parliament.
In an exclusive interview with the Mail, Sir Keir insisted the commitment to clean power by 2030 remains – but he refused to recommit to spending the sum Labour originally said was needed.
‘Of course we need the investment,’ said Sir Keir. ‘It is catalytic investment, because for every one pound we put it we want three pounds of private money, private investment, triggered by it.
In the latest suggestion he will scale back plans to borrow billions to meet the pledge, the Labour leader would only confirm the mission to clean power remains in place. Pictured: Sir Keir Starmer during a visit to the Beatrice wind farm off the Caithness coast
Labour originally promised in 2021 to invest £28billion a year until 2030 in green projects if it came to power – totalling £140billion
‘So the £28billion will be realised in the second half of the Parliament, subject to the money the Government’s already earmarked… and subject to our fiscal rules.’
Pressed on whether he would spend £140billion by 2030, Sir Keir said: ‘The mission is clean power by 2030. Investment will go in the way I’ve described – ramping up in the second half.’
The Tories have questioned how Sir Keir can deliver his 2030 pledge without meeting the £28billion a year, since this figure is a result of Labour’s own costings.
And the Institute for Fiscal Studies has highlighted that Labour has not promised any more money for health, education or local government. It comes as Labour’s shadow business secretary yesterday said his party remains committed to invest £28billion a year in green projects as its ‘level of ambition’.
Jonathan Reynolds conceded the investment may not be seen until the latter part of the next parliament and that ‘circumstances do change’.
It was reported that Sue Gray – Sir Keir’s chief of staff – has expressed sympathy with the costly green plan amid fears that backing away from it may be seen as another U-turn. A source told the Sunday Times ‘she thinks Keir will look weak otherwise’. Divides between the fiscal hawks within the party – including Rachel Reeves, Wes Streeting and Pat McFadden – and the likes of Ed Miliband, who believe in a more expansive economic policy, have been exposed by the plan, the paper said.
Last week, Chancellor Jeremy Hunt said: ‘The £28billion figure is often discussed without any fundamental interrogation of where it came from.
‘The 2030 target and £28billion spending plan are not separate, they’re two sides of the same coin. Starmer needs to explain how can a government he leads deliver that mission without the investment it said was so necessary in 2021?’
News Related-
Russian forces encircle Ukraine’s Avdiivka and ‘ready to storm city’ after months-long offensive
-
Emery could land Bailey upgrade in Aston Villa move for "unique" 6 ft 2 maestro
-
Keir Starmer is keen to tell you that there are no easy answers on immigration. Well, here’s one
-
Newcastle United in transfer talks with the new Robert Lewandowski: report
-
Football rumours: Juventus eyeing swoop for Thomas Partey
-
On this day in 2015: Jamie Vardy scores in 11th game in a row
-
At least 20,000 lives a year could be saved by 2040 if UK adopts ‘bold new cancer plan’
-
UK scientists studying ‘teaspoon-sized’ sample from asteroid Bennu to understand origin of life
-
This Christmas, please spare us the mix of irony and knitwear
-
Napoleon’s dialogue isn’t ‘laughably bad’ – it’s supposed to be that way
-
Sisters transform loss-making business into near £100m giant
-
Israel-Hamas war live: 33 Palestinians freed after 11 Israeli hostages released; Gaza truce extended by two days
-
Rangers boss Philippe Clement targets two new signings in January transfer window
-
20mph default speed limit 'putting tourists off visiting Wales'