{"id":121545,"date":"2023-11-25T16:09:29","date_gmt":"2023-11-25T16:09:29","guid":{"rendered":"https:\/\/leviolonrouge.com\/?p=121545"},"modified":"2023-11-25T16:09:29","modified_gmt":"2023-11-25T16:09:29","slug":"embarrassment-for-keir-starmer-after-major-doubts-over-28bn-green-pledge","status":"publish","type":"post","link":"https:\/\/leviolonrouge.com\/politics\/embarrassment-for-keir-starmer-after-major-doubts-over-28bn-green-pledge\/","title":{"rendered":"Embarrassment for Keir Starmer after ‘major doubts’ over \u00a328bn green pledge"},"content":{"rendered":"

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Keir Starmer is likely to face huge embarrassment as the Labour government might fail to meet its ambition to spend \u00a328bn a year on green initiatives, it has been reported.<\/p>\n

Labour announced the flagship policy at its annual conference in 2021. However, in June shadow chancellor Rachel Reeves watered the pledge down, saying the figure would not be reached until 2027.<\/p>\n

Now, it is understood the figure will probably not be reached at all, the BBC reports.<\/p>\n

A senior officer in the Labour leader’s office said that was because of the state of the public finances. They stressed that Labour’s fiscal rules were more important than any policy.<\/p>\n

The Conservatives have previously warned of the alleged dangers of the policy – claiming extra borrowing could increase interest rates and mortgage costs.<\/p>\n

READ MORE <\/strong> Sir Keir Starmer says EU anthem is “very Labour”<\/strong><\/p>\n

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During the Labour party conference in Brighton two years ago, Ms Reeves announced her ambition to be the UK’s first “green” chancellor.<\/p>\n

She unveiled Labour’s Green Prosperity Plan, explaining money would go on offshore wind farms, planting trees and developing batteries. She added it would be funded by borrowing.<\/p>\n

But in June Ms Reeves said she took the decision to scale back the Green Prosperity Plan as a result of the poor state of the economy.<\/p>\n

“No plan can be built that is not a rock of economic and fiscal responsibility,” Ms Reeves told BBC Radio 4’s Today programme at the time.<\/p>\n

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