Labour’s £28 billion saga – Has an exciting policy become a threat?
Rock & Roll Politics with Steve Richards
Podmasters
4.7 • 909 Ratings
🗓️ 6 February 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
Starmer and Reeves have got in a mess over their pledge to borrow £28 billion for a green recovery programme. The proposal has been marked by defensive ‘retreats’ when it would enable UK to compete with the US and EU and bring good news to every voter. Why has this happened, and what can be done about it?
Plus, points from the Rock N Roll Co-operative on the return of the Northern Ireland Assembly, Lord Frosty Frost and more
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Transcript
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| 0:00.0 | Hello and welcome to rock and roll politics, the podcast with me, Steve Richards. |
| 0:20.5 | Thanks so much for tuning in wherever you are during your busy day, night, or wherever you're listening to this podcast. And as usual, we've got a lot to cram in in our time together. If it's okay with all of you, I will reflect on Labor's 28 billion pound furori, the borrowing so-called |
| 0:42.1 | for the Green Energy Plan. Then we will come to your brilliant questions, and we have got some |
| 0:49.4 | fantastic insight on the return of the Northern Ireland Assembly. |
| 0:54.4 | We've got the legendary Canon Paul Abathnot, |
| 0:57.1 | who highlighted the expediency in the DUP leadership to all of us, |
| 1:02.6 | months before anyone else delved as deep. |
| 1:06.8 | But we've got others more sceptical, |
| 1:09.7 | including our French correspondent who has been engaged before in debate with Paul, and lots of other reflections, indeed, on the 28 billion labour defensiveness and other things too. |
| 1:25.9 | So, yeah, I'm not going to do any notices because we've got so much |
| 1:30.0 | to get through. But just in five seconds, please sign up to Patreon where you will have more |
| 1:36.6 | space to delve deep. And do subscribe and spread the word. And if you could leave a review, |
| 1:43.6 | only if you like it, of course, that helps spread the word. And if you could leave a review, only if you like it, of course, |
| 1:45.4 | that helps spread the word and expand our cooperative as we make sense of politics in this |
| 1:53.4 | election year. |
| 1:59.0 | The mess labour have got themselves into over the £28 billion is really fascinating on many levels. |
| 2:10.5 | Some of which actually have been under-explored and are yet fundamental. |
| 2:25.8 | One is this. Policymaking under the Stama leadership is inevitably rushed and not always thought through and that is less inevitable. What I mean by that is, you know, a partial model for |
| 2:37.4 | their road to the election is New Labour in 97, the incrementalism, the caution, even the language. |
| 2:46.9 | I heard Rachel Reeves at the business conference last week saying, we will campaign as a pro-business party. |
| 2:54.3 | We will govern as a pro-business party echoing Blair at number 10. |
| 2:59.8 | We were elected as new labor. |
... |
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