Labour would spend £28bn a year on creating jobs to help defeat the climate emergency, Rachel Reeves has announced, declaring: “I will be Britain’s first green Chancellor.”
In her conference speech, the shadow Chancellor vowed to match the big-spending plans of Jeremy Corbyn and John McDonnell, to create the work “of the future”.
“Giga-factories to build batteries for electric vehicles, a thriving hydrogen industry, offshore wind with turbines made in Britain, planting trees and building flood defences,” Ms Reeves pledged.
“Keeping homes warm and getting energy bills down; good new jobs in communities throughout Britain. In other words: protecting and strengthening our everyday economy.”
Promising her “climate investment pledge” would top up Tory capital spending plans on the transition by £28bn a year, she added: “I will be a responsible Chancellor. I will be Britain’s first green Chancellor.”
In the speech, Ms Reeves also promised to row back “the Tories’ pandemic outsourcing bonanza”, if Labour wins the next general election.
She condemned Covid contracts going to Tory donors, hundreds of millions of pounds being wasted on deliveries that failed to arrive and “£30m to Matt Hancock’s pub landlord”.
“I say today: To those who have secured Covid contracts and have not delivered. I give you notice – we expect that money back.
“We will set up a team to go through every line of every failed contract where value was not delivered, and clawback every penny of taxpayers’ money we possibly can.
“Because that money belongs in our police. It belongs in our schools and it belongs in our NHS.”