Labour's £28 Billion Green Pledge in Question Amid Conflicting Statements

Shadow Business Secretary Jonathan Reynolds' comments spark debate over party's commitment to green investment, while Conservatives criticize lack of payment plan.

• Labour's shadow business secretary, Jonathan Reynolds, has given conflicting statements about the party's £28 billion green investment pledge, initially stating the party remains committed to the investment, but later suggesting the sum is not a 'holy grail' of investments.
• The £28 billion pledge was absent from the party's recent 'campaign bible' and is reported to not appear in the upcoming general election manifesto.
• Reynolds indicated that the amount the party can spend is determined by the health of the economy and the party's fiscal rules, which aim to see debt fall by the end of a parliament.
• Conservatives have criticized Labour over their green policy, accusing the party of not having a plan to pay for it, which they claim would result in higher taxes for working people.
• Despite the uncertainty, a Labour spokesperson insisted last week that the party is committed to its green prosperity plan, including ramping up to £28 billion of annual investment in the second half of the parliament, subject to fiscal rules.

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