Labour Abandons Last Major Policy - Green Investment Fund Drastically Scaled Back
The Owen Jones Podcast
Owen Jones
4.4 • 1.4K Ratings
🗓️ 12 February 2024
⏱️ 14 minutes
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Summary
This is worse than you think - and does not bode well. At all.
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Transcript
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| 0:00.0 | Labour had one real meaningful flagship policy left and now they've abandoned it. |
| 0:06.0 | With much fanfare in 2021, they announced a plan to borrow 28 billion pounds a year for a green investment plan. |
| 0:13.6 | Rachel Reeves introduced it. |
| 0:15.4 | Here is our alternative. |
| 0:18.4 | Our green prosperity plan. |
| 0:20.6 | Declared she wanted to be, |
| 0:22.0 | ambitiously the first Green Chancellor. |
| 0:24.0 | It meant quadrupling the government's current capital investment |
| 0:27.0 | with the hope of that being matched by private investment |
| 0:30.0 | on green technologies. |
| 0:32.0 | This mattered. A lot, Obviously not least because the whole |
| 0:35.0 | climate emergency being an existential threat to human existence thing. |
| 0:38.0 | Pretty important if we're going to get all pinnickity. |
| 0:41.0 | But it's also about the fact that Britain has been reduced from the status |
| 0:43.9 | of country to burning skip its old industries were trashed and not replaced by |
| 0:49.8 | new industries offering secure well-paid jobs with entire community sacrifices on the |
| 0:54.8 | altar of free market economics, statuism, neoliberalism, whatever you want to call it. |
| 1:00.6 | Much of the UK's infrastructure, particularly outside of London, is falling to pieces, quite literally. |
| 1:06.0 | And indeed, since Margaret Thatcher launched a grand experiment to reshape Britain in her own image, |
| 1:12.0 | while the country is offered a top-notch experience if you're rich, |
| 1:14.7 | economic growth ever since has been weak and with a trend of getting weaker. |
| 1:19.6 | Quite unlike what our accolades would have you believe. And crucially, that weak growth was less |
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