Rachel Reeves thought that by scrapping the £28 billion a year figure on their green spending plan, the problem of their sums not adding up would go away. As i has said before, it hasn’t…
Analysis by Aurora Energy Research has found that Starmer’s pledge to decarbonise Britain’s electricity grid by 2030 will cost £116 billion over the next 11 years. More than double the cost of the government’s current target of 2035. If Labour take the keys to Downing Street, that means higher taxes and more borrowing in order to pay for their eco-zealous plans…
The report concluded that even if Labour scraped the funds together, the policy is still “unfeasible” due to the supply chain constraints, skills shortages and lead times. No one believes going green is possible by 2030, though Starmer will bankrupt us trying. As Bim Afolami said, “Labour’s unfunded spending commitments just got bigger”…
Philiphunt1066's Blog 