Labour's disappearing £28bn... and Nadine resigns
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 9 June 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
Boris Johnson's long-awaited resignation honours list has been published. It means some of his closest aides throughout the partygate scandal will sit in the House of Lords for life, and his list also honours former cabinet ministers Jacob Rees-Mogg and Priti Patel.
Just minutes before the list came out, Nadine Dorries - the former culture secretary and a close ally of Boris Johnson - quit as an MP with immediate effect, triggering a by-election in her Mid-Bedfordshire seat, hours after she said on TV that she didn't want that...
And the Labour party are also causing a stir after watering down their flagship pledge to spend £28 billion a year on green technology.
The policy was supposed to power Britain’s next industrial revolution. But now Shadow Chancellor Rachel Reeves has rowed back the plans - blaming the Conservative party for “crashing the economy”. Lewis asks what it means for Labour, as they aim for election victory.
Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:09.1 | This is a global player original podcast. This was Rachel Reeves, Labour's shadow chancellor, |
| 0:15.7 | in September 2021 at the Labour Party conference. I can announce today Labor's climate investment pledge |
| 0:23.7 | an additional £28 billion of capital investment |
| 0:28.1 | in our country's green transition |
| 0:30.1 | for each and every year of this decade. |
| 0:34.8 | And this was Rachel Reeves, |
| 0:36.7 | still Labor's shadow chancellor, on Friday morning on that same |
| 0:40.3 | 28 billion pound a year pledge. We will ramp up and we will get to the investment that is needed, |
| 0:48.2 | but we've got to do that in a responsible way. I will never play fast and loose with the public finances and put people's |
| 0:55.6 | mortgages and their pensions in jeopardy in the way that the Conservatives have. |
| 0:59.7 | So Labor's biggest spending commitment has gone, or rather it's partly gone. |
| 1:04.7 | Earlier this week, on this show, we spoke about how central that battle over the 28 billion |
| 1:10.7 | pounds a year for green investment |
| 1:12.4 | had become within the Labour Party. |
| 1:14.6 | Well, we now know that the sceptics won. |
| 1:16.9 | On today's show, what that means for Labour, for the UK's industrial and political future, |
| 1:22.5 | and what it reveals about the balance of power in Keir Stahmer's Labour. |
| 1:26.7 | It's Lewis here. |
| 1:28.9 | Welcome to the newsagents. |
| 1:33.6 | The Newsagents. |
| 1:38.7 | Right, we've got a show for you, even more packed than a Donald Trump charge sheet today, |
... |
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