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Labour’s £28bn problem


Onward’s Director Sebastian Payne discusses Labour’s pledge to spend £28bn on “green” policies by 2030. He writes:

“What’s going to be the most important number in British politics next year? Three hundred and twenty-six? – the number of seats for a parliamentary majority? Five – Rishi Sunak’s pledges or Sir Keir Starmer’s missions? Two per cent – for getting inflation closer to the Bank of England’s target?

All of these are naturally important, but none comes close to £28bn – the pledge made by the Labour Party for its annual spend on “green” policies by 2030. It is not merely a humongous sum of money, but symbolic of a much bigger economic debate coming in 2024.”

Read the full piece here.

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