Tag Archives: Green Prosperity Plan

Rachel Reeves has blown her credibility so now she’s trying a new catchphrase. Who’ll care?

Rachel Reeves: she thinks we’re all idiots. This is the look on her face when she finds out we’re not.

This couldn’t have happened to a better person, could it?

It turns out Rachel Reeves took money from climate sceptics, right before Labour ditched its £28 billion-per-year Green Prosperity Plan:

Corruption?

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She has now gone on to float a new catchphrase: “Securonomics”:

According to the Telegraph,

Labour would aim to secure the highest sustained growth in the G7. To do this, it would adopt a new approach it has coined “securonomics”, or “modern supply side economics”.

This would involve bringing in “tough” fiscal rules with a new “enhanced role” for the OBR and establishing a new Office for Value for Money to ensure taxpayer cash is being well spent.

If it seems like nonsense, that’s because it is.

Reeves is still trying to pretend that money is a limited resource in the UK; it isn’t. A Labour government would be able to create as much as it needed, to fund any projects it wanted – as long as it taxed back enough money (from those who could afford it) as would be necessary to prevent large-scale inflation.

The problem there is that – as she has shown by taking a donation and then ditching a policy that would have been extremely useful – Rachel Reeves is in the pocket of the rich.

Still, the idea of an Office for Value for Money is a good one, even if it won’t work in practice because governments will find a way to ignore it if it says they shouldn’t do something they want to.

Ultimately, we can only have one comment on all of this:

Rachel Reeves: what a phoney.


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Keir Starmer’s reason for killing Green Prosperity Plan: economic illiteracy

It was bad enough that Keir Starmer decided to ditch his party’s last policy that divided it from the Tories; now we learn that he’s justifying it with the worst piece of economic illiteracy of the last few decades.

Here’s Another Angry Voice:

Apparently Labour can’t now afford to invest for the future because the Tory government has said it is going to “max out the national credit card”.

If this sounds wearisomely familiar, it’s because it is. The “maxed out national credit card” trope was one of David Cameron and George Osborne’s favourite propaganda lines when they were trying to convince the country that “let’s cut our way to prosperity” austerity ruination was a wise economic strategy, rather than the macroeconomically illiterate road to ruin it’s proven to be.

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Anyone with a shred of economic knowledge understands that comparisons between national economies and household family budgets are profoundly misleading, and that they’re especially egregious when public borrowing is portrayed as akin to a reckless credit card splurge.

Unless you have a money printing press in your house, your household budget is almost entirely unlike a national economy, and public borrowing (the cheapest possible form of borrowing) is extremely unlike credit card borrowing (the most expensive aside from payday loan exploitation).

Thus anyone making such comparisons is either an economic illiterate who doesn’t have the faintest idea how national economies actually work, or they’re wilfully spreading economically illiterate tropes in order dupe people they believe to be gullible.

Apparently Starmer and the right-wing ghouls he’s surrounded himself with believe we can solve Britain’s economic malaise with the same ruinous “cut our way to prosperity” policies and by spreading exactly the same asinine economic illiteracy as the people who actually caused it!

You’d have to fit Einstein’s definition of insanity to believe that we’ll end up with different results by trying the same thing again, down to the exact same propaganda lines used to justify it.

Once again we learn that the way forward for the UK is neither a Conservative nor a Labour government.

Source: Why is Keir Starmer spreading economic illiteracy?


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After he dropped his Green Prosperity Plan, activists try to deliver, to Keir Starmer, a spine

‘My arbitrary fiscal rules are at fault’: Green New Deal Rising’s infographic attacking Keir Starmer’s decision to abandon policies that might save the environment in favour of profit-friendly opportunism.

Fair play to the activists from Green New Deal Rising for getting onto this as quickly as they did.

On the day the Labour Party dropped its pledge to spend £28 billion a year on green projects to boost the UK’s economy, they went straight up to Parliament to do this:

And who can blame them?

In trying to make his party as “vanilla” as possible, Starmer has ditched every single policy that marked it out as being different from what we already have, while adopting anything that could make Labour look like the Conservatives.

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The message to voters is: “Vote Labour for absolutely no change!”

I wonder who he hopes to impress with that.

Certainly not the members of Green New Deal Rising, who have had bad experiences with Starmer in the past:

Just looking at the clips above, if This Writer had to choose between Starmer and his Labour cronies, and the Green New Deal Rising campaigners, I’d put the youngsters in Parliament every time.

Putting them next to each other simply emphasizes the lack of trustworthiness that oozes from the man in the suit.

I hope they – and everyone else who has a conscience – hammers the pledgebreaker with this until he is out of politics altogether.


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Keir Starmer kills off £28bn Green Prosperity Plan pledge – and his election hopes?

Windmills of his mind: but did Keir Starmer ever have any real intention to go through with his now-ditched £28bn Green Prosperity Plan?

No serious commentator could possibly describe any of Keir Starmer’s policies as “firmly held principles or promises” because he changes them with the wind, so the above is not strictly true for him – although it is for his party.

Labour had been adamant that, if elected into government, it would invest £28 billion a year on green energy projects like creating a publicly-owned green power company, building offshore wind farms and developing electric vehicles – until today (February 8, 2024), when the policy was unceremoniously dumped.

Why?

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According to the New Statesman,

Campaign director Morgan McSweeney and the national campaign coordinator Pat McFadden have long feared that the £28bn figure leaves Labour  vulnerable to a classic Tory “tax bombshell” attack – the strategy that helped deliver them election victories in 1992 and 2015.

McSweeney recently warned the shadow cabinet that … Labour has to “bombproof” its offer in advance.

Since economic modelling has shown that increasing investment to £28bn a year would break the party’s fiscal rules, the figure was never likely to be met in the next parliament.

Starmer’s move is not without political risk. It will encourage the charge from left and right that he is a “flip-flopper” who doesn’t stand for anything. Indeed, his chief of staff, Sue Gray, has warned him in advance of this.

Rightly so. This speech strikes home:

That’s the right-wing charge. Here’s the charge from the left:

Even Barry Gardiner, Labour’s Shadow Energy and Climate Change Secretary at the time of the 2019 general election – and one of the party’s most eloquent promoters – has turned on his boss over this:

Going back to the Statesman, there’s one final point to be made:

On a more fundamental level, it also raises the question of how a Labour government would increase Britain’s economic growth to the highest in the G7 and achieve its target of clean power by 2030. As recently as yesterday, Starmer insisted that £28bn was crucial to both. The policy may have gone but the arguments it triggered will endure.

So Starmer has ditched the Green Prosperity Plan because it would break Labour’s fiscal rules – but without it, the party cannot achieve its economic goals.

This Writer has a feeling that Starmer has created his own nemesis, rather than vanquishing it.


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