Labour committed in 2021 to spending 28bn a year if it got into power on a green prosperity plan to kickstart the UK's transition to a low-carbon economy.
Broadly, the funds would be spent on boosting renewable energy generation, insulating homes, improving transport infrastructure, fostering low-carbon industries, and helping fossil fuel-reliant industries transition to net zero.
No. There are ways of providing public finance at that level without raising taxation, and many economists and business experts argue that the cash should be seen as an investment rather than a cost.
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