Labour appears to have further watered down its pledge to invest £28bn a year in the green economy.
Shadow chancellor Rachel Reeves said the green pledge was dependent on whether the government had balanced the books. She said her fiscal rules — that debt must be falling as a share of national income after five years — were “non-negotiable”.
The party leadership is determined to prove fiscal credibility as a priority, widening a gap in the party between those who want the red rose to become green, such as shadow climate change secretary Ed Miliband, and Sir Keir Starmer, who wants to focus on growth. He recently told the shadow cabinet that he “hates tree-huggers”.
