The Labour Party is under scrutiny for potentially backtracking on its £28bn annual green investment pledge. Shadow business secretary Jonathan Reynolds suggested that reaching this level of investment depends on the economic situation, with 'if' being a key word. Shadow Chancellor Rachel Reeves has avoided committing to the pledge, prioritizing fiscal discipline. This has led to speculation that Labour may abandon the pledge, with insiders expressing concern about the party's decision-making process and its implications for voter confidence. The policy has been a subject of debate within the party, with some members defending the need for private sector investment to exceed the £28bn figure. The potential withdrawal of the pledge is seen as a blow to Labour's environmental and economic credibility. Darren Jones appears to confirm that the commitment to the pledge has been ditched.
Labour Is Making Its "Slowest U-Turn" On £28bn Green Spending https://t.co/Y5g1XZSwAm
👀 “It’s pretty obvious it was a mistake to put a number on the policy” 🗑️ Labour figures who want Keir Starmer and Rachel Reeves to ditch the £28bn green investment figure appear to have won the day https://t.co/FexoDnbidA
Labour scrapping £28bn green pledge could leave UK colder, sicker and poorer - by @fionaharvey https://t.co/T2YgkZI8Wy
At a time when the Labour Party needs all the political capital it can get, it's shooting itself in the foot by dialing back its flagship green investment plan, @lararhiannonw writes https://t.co/E5gi23qitD
Labour’s decision to drop its pledge to spend £28bn on green energy initiatives shouldn’t come as a surprise to anyone, as Keir Starmer’s political positions often change with the wind https://t.co/aJkkUkiHrg
Heat on Labour leadership as they go cold over £28bn green plan, by me and @RachaelBurford https://t.co/sOYfqfqItS
Labour refuses to commit to £28 billion climate crisis pledge, with party citing 'fiscal rules' https://t.co/P2sXsRdHjv
Sir Keir Starmer and shadow chancellor Rachel Reeves are under attack from within Labour circles as they turn increasingly chilly towards the party’s flagship environmental policy https://t.co/dIuX5AfjnV
Shadow chief sec Darren Jones appears to confirm Labour has ditched its commitment to spend £28bn a year on green investment schemes if it wins this year’s election, as per our story last night.
This does nothing for the environment, or for the economy, or for Starmer's credibility. Labour to ditch £28bn annual green investment pledge, party sources say https://t.co/rH29EREyUe
"The amount of money we need to invest in our country, is much more than £28bn. That must be delivered by the private sector." Labour MP @darrenpjones defends Rachel Reeves' refusal to commit to Labour's flagship £28bn green investment policy https://t.co/AsstSZcIKs 📺 Sky 501 https://t.co/qnFhQM6l0A
Dear Labour, The country is broken. We need a change of govt, a change of direction. Give us a narrative of hope, not a drip feed of anxiety. Labour to ditch £28bn annual green investment pledge, party sources say | Labour | The Guardian https://t.co/Fi4p6e9CIS
There are days when you have to wonder, what is the point. Labour to ditch £28bn annual green investment pledge, party sources say “The change, after a spate of recent government attacks” No 10 must love that at least someone takes them seriously https://t.co/rLTIgYxZuu
🚨 BREAKING: Keir Starmer and Rachel Reeves are officially ditching Labour's pledge to spend £28bn a year on green investment [@guardian]
The question is why Labour committed a v specific figure so far out from a GE campaign ‘Labour to ditch £28bn annual green investment pledge, party sources say’ https://t.co/sjKT0ZEKlq
Looks pretty certain Keir Starmer and Rachel Reeves are about to ditch Labour’s flagship policy pledge to spend £28bn a year on green investment. It’s already been relentlessly whittled down but now it looks like curtains for it. Can Ed Miliband’s resignation be far behind?
ANALYSIS: Asked every which way today in our short interview for Reeves to commit to her £28bn energy pledge (already watered down in June). She wouldn’t. Bleak ec backdrop & raw politics explain Labour’s looming climb down on green investment pledge 👇🏻 https://t.co/y7sp6sLx0c
🚨 NEW: Labour insiders are worried about what their handling of the £28bn green policy says about Labour’s decision-making to voters One insider: “Imagine if we get into government and have ten £28bn decisions to make a week” [@BBCNews]
Shadow Chancellor Rachel Reeves has indicates that she's about to drop Labour's flagship green prosperity plan, repeatedly refusing to commit to the £28billion-a-year pledge towards green investment. Sky's political editor @BethRigby reports. https://t.co/XdDIQ0EVb6 📺 Sky 501 https://t.co/Qa3abb1CVA
NEW: Reeves repeatedly refuses to commit to Labour's £28bn green investment pledge, and instead says she'll give an update after Budget. But heavy hint figure'llbe dropped: "Fiscal rules will come 1st & all our policies will be subject to iron discipline" https://t.co/p7HqI9KZke
Reeves refuses to commit to Labour's £28bn green investment pledge https://t.co/7GO2AdcUTl
Hunt made a similar error in the Autumn Statement, cutting investment by the economy's biggest single investor, government, then expecting the private sector to increase its own. UK risks steep decline without £28bn green economy pledge, Labour warned https://t.co/vJotK5Y8zM
There's been months of briefing about whether Labour will drop its £28 billion green pledge. Pretty clear from Jonathan Reynolds today that at the very least Labour have arrived at a position where they won't talk about the figure, even as they talk up investment generally https://t.co/wq1RSyX8XB
Fellow Blairite @johnmcternan criticises Labour’s £28bn green investment plan by appearing to support it https://t.co/JR6HTvh5qM https://t.co/om0xDS3kWw
Labour's £28bn green pledge continues to crumble. Shadow business secretary Jonathan Reynolds said the £28bn annual figure "is our level of ambition but how quickly we get there and if we can get there..." will depend on the state of the economy. "If" being the key word.