True cost of Labour’s net zero target revealed in audio leak
JUNE 27, 2024
By Paul Homewood
Reaching Labour’s target for decarbonising the economy will cost “hundreds of billions” of pounds, a shadow minister has disclosed in a recording obtained by The Telegraph.
Darren Jones, the shadow chief secretary to the Treasury, said the £28 billion per year originally allocated to Labour’s green investment plan was a “tiny” amount.
He said the fact that Sir Keir Starmer had downgraded his investment plans from £28 billion to £4.7 billion “made it sound as if we basically junked the whole thing but we definitely haven’t”.
Mr Jones told a public meeting in Bristol that private capital would have to be used to upgrade infrastructure, but “public subsidy” would still be needed alongside that.
His comments are set to reignite the row over Labour’s spending plans.
https://notalotofpeopleknowthat.wordpress.com/2024/06/27/true-cost-of-labours-net-zero-target-revealed-in-audio-leak/
