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Ex-Bank of England chief economist 'laments' Labour U-turn on £28bn green pledge
Posted
February 12, 2024
Views
5,353
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33
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25
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February 12, 2024
5,353
33
25
1.08%
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12:55Now PlayingA former chief economist at the Bank of England has said he "laments" Labour's decision to axe its pledge to spend £28bn every year until 2023 on green investments.
Speaking to Sky's Sophy Ridge, Andy Haldane said the original promise "led the world" in ambition, and would have benefitted Britain - both in achieving its net zero goals and stimulating growth.
Mr Haldane added: "The scaling back of our plans in the UK, at the same time as other countries have stepped up their plans, is unfortunate."
#BankofEngland #Economy #Environment #Politics
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