UK Politics
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!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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This is the best summary I could come up with:
Labour is considering scaling back ambitious plans to borrow £28bn a year to invest in green jobs and industry amid fears the Conservatives will use the policy as a central line of attack in the general election campaign.
The Guardian understands that Keir Starmer and Rachel Reeves will discuss the party’s flagship economic policy next month, with senior Labour figures pushing to drop the £28bn commitment entirely while others want to retain key elements of the plan.
One insider said some were concerned about how a Labour government would grow the economy without the green plan, and whether it could be politically damaging for Starmer as it could leave him open to charges of “flip-flopping” by the Tories.
It comes after Reeves delayed plans in June for the green fund to start in the first year of a Labour government, saying it would “ramp up” by the middle of a first parliament, as the party leadership looked to review its spending in an attempt to prove its fiscal credibility.
The plan is already hampered by the fact that Reeves has said it will only be achieved if it fits with Labour’s promise to have debt falling as a share of gross domestic product at the end of a five-year period.
Starmer’s failure to find a backbone and stick to his pledges won’t be forgiven or forgotten by this generation, and will have real consequences for Labour at the ballot box.”
The original article contains 920 words, the summary contains 240 words. Saved 74%. I'm a bot and I'm open source!