Ex-Bank of England chief economist 'laments' Labour U-turn on £28bn green pledge
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 Published On Feb 12, 2024

A 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."

Read more: https://trib.al/U19cGzh

#BankofEngland #Economy #Environment #Politics

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