BROKEN PROMISE: £28 billion annual investment in the green economy
In 2021, Rachel Reeves, with Starmer's support, promised a revolutionary green investment of £28 billion annually. By 2024, Starmer drastically reduced this pledge, citing economic damages inflicted by the Conservative government. This reduction, from a potential annual £28 billion to a mere £4.7 billion, marks a significant retreat from Labour's initial ambitious climate goals.
03/31
06/06/2024
The Labour Party's commitment to climate action has undergone a significant transformation, reflecting the harsh realities of economic constraints and shifting political priorities. The stark contrast between these declarations reveals a troubling retreat from ambitious climate action, raising questions about Labour's ability to deliver on its promises.
In 2021, during a Labour Conference, Rachel Reeves, with full support from Keir Starmer, announced a sweeping plan for the UK's green transition. Reeves declared, "I can announce today Labour's climate investment pledge: an additional 28 billion pounds of capital investment in our country's green transition for each and every year of this decade..."
Fast forward to 2024, Keir Starmer, now leader of the Labour Party, significantly walked back on this pledge stating: "The reason for that is because since we announced the 28 billion, the Tories have done terrible damage to our economy..." and "I have to anticipate the circumstances as they are now, not as I'd wish them to be."
Labour’s dramatic climbdown from its original climate investment pledge exposes a troubling lack of commitment to genuine environmental reform. By significantly reducing the promised capital investment, Labour not only undermines its credibility but also jeopardizes the UK's potential leadership in global climate action. This reversal signals a dangerous trend of prioritizing short-term political and economic calculations over the long-term imperative of addressing the climate crisis.
SOURCES
1st Video: GB News - Labour pledges £28 billion to tackle climate change - Rachel Reeves full speech - https://www.youtube.com/watch?v=Obm3FG7qfDc
2nd Video: Channel 4 News - Labour U-turn: Keir Starmer ditches £28 billion green policy - https://www.youtube.com/watch?v=w3NGcPOrjhs
3. Labour conference: Reeves promises £28bn a year to make economy greener - https://www.bbc.com/news/uk-politics-58699072
4. BBC News September 29, 2021 - https://archive.org/details/BBCNEWS_20210929_160000_BBC_News/start/1260/end/1320
3/31 Broken Promise: £28 Billion Annual Investment in The Green Economy
In 2021, Rachel Reeves, with Starmer's support, promised a revolutionary green investment of £28 billion annually. By 2024, Starmer drastically reduced this pledge, citing economic damages inflicted by the Conservative government.
Stop Starmer Team
6/6/20242 min read